Runway Growth Finance Corp. is a business development company that provides senior secured loans to high-growth companies in technology, healthcare, business services, and related sectors, primarily those backed by venture capital or self-funded firms lacking traditional lending access. The company generates revenue through interest income on its loan portfolio—which typically carries rates between 6% and 14% and is 99% senior secured debt—and through capital gains on warrant and equity positions acquired alongside loans. Runway's externally managed investment strategy focuses on disciplined underwriting and risk analytics, targeting loans that represent a small percentage of borrower enterprise value, with the objective of maximizing total returns through current income and capital appreciation.