Runway Growth Finance Corp. - Common Stock (RWAY)

Competitors to Runway Growth Finance Corp. - Common Stock (RWAY)

Hercules Capital, Inc. 

Hercules Capital, Inc. focuses on providing debt and equity to growth-stage companies across various industries, similar to Runway Growth Finance Corp. Both companies target tech-oriented firms, offering tailored financing solutions that optimize cash flow and growth opportunities. Hercules maintains a larger portfolio with a well-established reputation in the venture lending space, which allows it to secure more significant investment opportunities and negotiate better terms.

Oxford Square Capital Corp.

Oxford Square Capital Corp. offers a suite of debt and equity financing solutions targeted toward middle-market companies, competing with Runway in several overlapping sectors. While both firms have similar product offerings, Oxford Square tends to have a greater focus on yield and income generation for investors, leading to a more conservative investment strategy. This cautious approach combined with their experience gives them stable underwriting practices, adding a layer of reliability that some investors might prefer over Runway's growth-oriented model.

Solar Capital Ltd. 

Solar Capital Ltd. operates in the business development company (BDC) space, targeting growth-oriented companies with flexible financing solutions. Their approach includes both senior secured loans and equity investments, similar to Runway’s offerings. However, Solar Capital boasts a more extensive capital base and established relationships that allow for better pricing and terms, positioning them favorably in a competitive landscape, thus making them a stronger competitor overall.

TriplePoint Venture Growth BDC Corp. 

TriplePoint Venture Growth BDC Corp. also specializes in providing financing to late-stage venture-backed companies, competing directly with Runway Growth Finance. While both companies offer similar financial products, TriplePoint has a more diversified loan structure, including equity and warrant structures that enhance returns. Their extensive relationships in the venture capital ecosystem allow them to tap into a range of funding sources and quickly adapt to market demands, giving them a slight edge in agility and offer customization.