1. Ryan McCarthy joins Runway as Managing Director to boost origination efforts. 2. McCarthy has extensive experience in venture debt across technology and life sciences. 3. He aims to deepen relationships with founders and investors in the innovation economy. 4. Runway Growth Finance Corp. targets loans of $10 million to $150 million. 5. Firm known for transparency and effective capital delivery to growing companies.
FAQ
Why Bullish?
McCarthy’s addition may attract new clients, increasing loan volume for RWAY. Historical trends show leadership changes can positively influence market perceptions.
How important is it?
McCarthy’s extensive background in venture debt aligns with RWAY’s business model, indicating potential growth.
Why Long Term?
The strategic direction set by McCarthy will take time to manifest through new investments. His expertise positions RWAY well for sustained growth.
Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
Runway Growth Capital LLC ("Runway"), a premier provider of growth loans to various companies, has announced the appointment of Ryan McCarthy as Managing Director. This strategic move aims to bolster the company's origination efforts in the technology sector, ensuring enhanced support for businesses seeking innovative financing solutions.
Ryan McCarthy: Experience and Role
Bringing nearly 20 years of experience, McCarthy specializes in venture debt, debt advisory, and investment banking, primarily within the technology and life sciences markets. In his new role at RWAY, he will be responsible for sourcing, evaluating, and structuring new investment opportunities, furthering relationships with founders, management teams, and financial sponsors throughout the innovation economy.
Prior to joining Runway, McCarthy served as Managing Director at Capital Advisors Group. There, he advised numerous high-growth companies on effective debt financing strategies, such as:
- Senior and subordinated debt
- Venture debt
- Hybrid instruments
His impressive career also includes key roles at TriplePoint Capital, Headwaters MB, and Rutberg & Company, where he gained extensive insight within the technology, media, and telecom sectors.
Leadership Quotes on McCarthy's Appointment
Expressing enthusiasm about McCarthy’s joining, Greg Greifeld, the Chief Investment Officer at Runway, stated, “We’re thrilled to welcome Ryan to Runway. His breadth of experience across venture debt and investment banking, combined with his deep understanding of capital markets and the needs of today's founders, will strengthen our ability to deliver strategic, flexible capital to growing companies.”
In response, McCarthy noted his excitement to join Runway during a pivotal moment when founders are actively seeking disciplined growth capital. “Runway's reputation for partnership, transparency, and consistent execution is well-known across the market, and I look forward to helping expand the firm's reach with new companies and investors,” he stated.
Background on Runway Growth Capital
Runway Growth Capital LLC serves as the investment adviser to numerous funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company. These organizations specialize in providing growth capital to companies searching for alternatives to equity financing.
Under the leadership of veteran financier David Spreng, the funds typically extend senior term loans ranging from $10 million to $150 million to fast-growing businesses located in the United States and Canada.
For more information about Runway Growth Capital and their services, please visit www.runwaygrowth.com.
Forward-Looking Statements
The statements included in this announcement may constitute “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These statements, which are not guarantees of future performance, are subject to various risks and uncertainties. Actual results may differ significantly from those expressed or implied in forward-looking statements. For a complete understanding of the factors that could impact future performance, please refer to Runway's filings with the Securities and Exchange Commission.