Runway Growth Capital and BC Partners Credit announced that they, along with Mount Logan Capital, a Canadian alternative asset management company internally managed by employees of BC Partners Credit, closed a transaction whereby private investment funds advised by BC Partners Credit, and Mount Logan Capital pursuant to its minority investment, have acquired Runway Growth Capital LLC.

Runway will continue to serve as the investment adviser to private investment funds and to Runway Growth Finance Corp. (Nasdaq: RWAY) ("Runway Growth Finance"), a publicly-traded business development company, under a new investment advisory agreement. As previously announced, Runway's current officers, senior management and investment personnel are expected to continue to serve as officers and senior management.

Ted Goldthorpe, Head of BC Partners Credit, said, "Combining Runway's expertise, network, and track record in venture debt with the global scale and resources of BC Partners Credit enables our combined firm to establish a diversified presence in the venture debt ecosystem. Runway's solutions are in high demand. We look forward to expanding Runway's investment capabilities, on day one, and to Runway continuing to drive returns for investors through attractive risk-adjusted investments."

Runway Founder and Chief Executive Officer David Spreng commented, "Officially joining the BC Partners Credit platform marks an exciting new chapter for Runway and significantly contributes to our long-term vision of providing financing solutions to high quality, late and growth-stage companies. This transaction well positions Runway to increase originations within our target investment range of $30-150 million, expand our offerings to target companies and sponsors, and enhance our financing capabilities to support high-growth companies in the venture debt and growth sectors. Following the receipt of required regulatory antitrust approvals, our work with BC Partners Credit is well underway, and we've already begun sharing insights and capabilities to bolster originations. Looking ahead, we believe Runway is positioned for growth, with more to offer borrowers than ever before and a strengthened team that widens our network of VC and PE sponsors."

Runway previously announced its definitive agreement with BC Partners Credit in October 2024. For additional information and investor materials, please visit the Runway website at www.runwaygrowth.com.

Oppenheimer & Co. Inc. acted as the exclusive financial advisor to Runway Growth Capital LLC. Wachtell, Lipton, Rosen & Katz acted as legal counsel to Runway Growth Capital LLC and Eversheds Sutherland (US) LLP acted as legal counsel to the independent directors of Runway Growth Finance. Simpson Thacher & Bartlett LLP acted as legal counsel to BC Partners.