Runway Growth Capital LLC, the investment adviser to Runway Growth Finance Corp. (RWAY), announced the successful closing of its acquisition by private investment funds advised by BC Partners Credit and Mount Logan Capital. This transaction, previously announced in October 2024, was completed on January 30, 2025.
Following the closing, Runway will continue to serve as the investment adviser to RWAY under a new investment advisory agreement, which maintains identical terms to the previous agreement. Runway's current officers, senior management, and investment personnel are expected to remain in their positions.
Mount Logan Capital, as part of the transaction, issued 2,693,071 common shares at a deemed price of C$2.67 to former Runway members. This strategic combination is expected to expand Runway's investment capabilities, enhance origination activities, and drive returns for investors through attractive risk-adjusted investments.
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