Runway Growth Finance funded two investments in Q1

Runway Growth Finance provided an operational and portfolio update for the first quarter ended March 31, 2024. In the first quarter of 2024, Runway Growth funded two investments: one investment in a new portfolio company and one investment in an existing portfolio company. These include: Completion of a $32.0 million investment to a new portfolio company in the automotive technology industry that provides real-time enterprise software solutions to help dealers elevate the car-buying experience by transforming the way they connect with customers, funding $20.0 million at transaction close; and completion of a $5.0 million follow-on investment to Madison Reed, consisting of a $1.2 million delayed draw and $3.8 million upsize to its existing commitment. Madison Reed is a digitally enabled prestige hair color company predominantly focused on women. During the first quarter ended March 31, 2024, Runway Growth experienced two prepayments totaling $34.5 million and scheduled principal amortization of $0.4 million. The prepayments include: Partial principal repayment of the Company’s senior secured term loan to FiscalNote of $27.4 million; and Partial principal repayment of the Company’s senior secured term loan to Marley Spoon Group of $7.1 million.