Runway Growth Q1 2024 Earnings Report
Key Takeaways
Runway Growth Finance Corp. announced its financial results for the first quarter ended March 31, 2024. Total investment income was $40.0 million and net investment income was $18.7 million, or $0.46 per share. The investment portfolio's fair value was approximately $1.02 billion.
Total investment income of $40.0 million.
Net investment income of $18.7 million, or $0.46 per share.
Net asset value of $13.36 per share.
Dollar-weighted annualized yield on debt investments of 17.4% for the quarter.
Runway Growth
Runway Growth
Forward Guidance
Runway Growth is employing prudent selectivity and underwriting rigor as it looks to deploy its ample dry powder in the coming quarters. Maintaining and enhancing credit quality is the primary priority as the company has continued confidence in its portfolio’s earnings power and ability to provide consistent distributions to its shareholders. The team will maintain this level of discipline as it seeks to partner with best-in-class companies in the industries it knows best, and deliver sustainable risk-adjusted returns for its shareholders.