Runway Growth Finance Corp.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
RWAY$6.63+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule of Investments as of September 30, 2026 (unaudited)
Consolidated Schedule of Investments (Unaudited)
| Portfolio Company | Investment Type | Investment Description(1)(2)(4) | Initial Acquisition Date | Maturity Date | Principal ($) /Shares | Cost ($) | Fair Value ($) (3) | Footnotes |
|---|---|---|---|---|---|---|---|---|
| Non-Control/Non-Affiliate Investments | ||||||||
| Debt Investments | ||||||||
| Application Software | ||||||||
| Airship Group, Inc. | Senior Secured | SOFR+3.75%, 9.08% floor, 3.00% PIK, 3.25% ETP | 6/28/2024 | 6/15/2028 | 51,813 | 52,199 | 52,668 | (11) (12) (13) |
| BlueConic Holding, Inc. (fka Blueshift Labs, Inc.) | Second Lien | 0.00% until 06/17/2028; thereafter, 20.00% PIK | 6/17/2026 | 6/17/2030 | 18,500 | 15,457 | 15,990 | (11) (14) |
| CarNow, Inc. | Senior Secured | SOFR+7.25%, 11.75% floor, 3.10% ETP | 3/22/2024 | 3/22/2029 | 20,000 | 18,674 | 18,958 | (12) (13) |
| Piano Software, Inc. | Senior Secured | SOFR+7.25%, 11.25% floor, 0.50% PIK, 1.50% ETP | 12/31/2024 | 12/31/2029 | 43,045 | 42,368 | 42,429 | (11) (12) (13) |
| VTX Intermediate Holdings, Inc. (dba VertexOne) | Senior Secured | SOFR+7.00%, 10.25% floor, 4.00% ETP | 12/12/2024 | 9/24/2029 | 35,508 | 35,602 | 35,888 | (12) (13) (28) |
| VTX Intermediate Holdings, Inc. (dba VertexOne) | Second Lien | FIXED 12.50% PIK, 33.50% ETP | 12/12/2024 | 9/24/2029 | 7,280 | 7,073 | 7,296 | (11) (12) (19) (28) |
| Zinnia Corporate Holdings, LLC | Senior Secured | SOFR+6.50%, 8.50% floor | 9/23/2024 | 9/21/2029 | 40,000 | 39,470 | 39,556 | (13) |
| Total Application Software - 43.01%* | 210,843 | 212,785 | ||||||
| Commercial & Professional Services | ||||||||
| Bombora, Inc. | Senior Secured | SOFR+4.25%, 6.75% floor, 3.25% PIK, 1.11% ETP | 12/26/2023 | 1/15/2028 | 32,172 | 32,300 | 32,498 | (11) (12) (13) |
| Elevate Services, Inc. | Senior Secured | SOFR+7.50%, 12.78% floor, 0.50% ETP | 7/10/2023 | 7/10/2027 | 39,000 | 38,480 | 39,195 | (12) (13) |
| Swing Education, Inc. | Senior Secured | SOFR+7.00%, 10.80% floor, 5.00% ETP | 6/27/2025 | 6/15/2029 | 8,000 | 8,003 | 7,850 | (12) (13) |
| Swing Education, Inc. (Revolver) | Senior Secured | SOFR+6.65%, 10.45% floor | 6/27/2025 | 6/1/2028 | - | (23) | - | (13) (26) |
| Total Commercial & Professional Services - 16.08%* | 78,760 | 79,543 | ||||||
| Consumer Services | ||||||||
| Buzz Finco, LLC (dba Bumble) | Senior Secured | SOFR+6.75%, 9.25% floor | 4/24/2026 | 4/24/2030 | 14,531 | 14,332 | 15,247 | (10) (15) |
| FINN GmbH | Senior Secured | SOFR+8.75%, 10.75% floor | 12/8/2025 | 6/30/2030 | 20,000 | 19,231 | 19,075 | (6) (10) (13) |
| Total Consumer Services - 6.94%* | 33,563 | 34,322 | ||||||
| Consumer Staples Distribution & Retail | ||||||||
| Marley Spoon SE (Bridge Loan) | Senior Secured | SOFR+8.00% PIK, 10.50% floor, 14.00% ceiling | 9/2/2026 | 12/15/2026 | 5,552 | 5,552 | 5,564 | (6) (10) (11) (15) (18) (22) (28) |
| Marley Spoon SE | Senior Secured | SOFR+8.00% PIK, 10.50% floor, 14.00% ceiling, 2.00% ETP | 4/24/2026 | 12/31/2030 | 17,583 | 17,583 | 17,774 | (6) (10) (11) (12) (15) (22) |
| Marley Spoon SE | Subordinated Debt - Senior Tranche Term Loan | SOFR+8.00% PIK, 10.50% floor, 14.00% ceiling, 0.42% ETP | 4/24/2026 | 12/31/2030 | 14,465 | 14,465 | 14,530 | (6) (10) (11) (12) (15) (18) (22) (27) |
| Marley Spoon SE | Subordinated Debt - Junior Tranche Term Loan | SOFR+8.00% PIK, 10.50% floor, 14.00% ceiling, 2.00% ETP | 4/24/2026 | 12/31/2030 | 49,362 | 16,908 | - | (6) (10) (11) (12) (15) (22) (27) |
| Total Consumer Staples Distribution & Retail - 7.65%* | 54,508 | 37,868 | ||||||
| Portfolio Company | Investment Type | Investment Description(1)(2)(4) | Initial Acquisition Date | Maturity Date | Principal ($) /Shares | Cost ($) | Fair Value ($) (3) | Footnotes |
|---|---|---|---|---|---|---|---|---|
| Non-Control/Non-Affiliate Investments | ||||||||
| Debt Investments | ||||||||
| Financial Services | ||||||||
| Autobooks, Inc. | Senior Secured | SOFR+7.50%, 11.77% floor, 3.75% ETP | 5/5/2025 | 2/5/2028 | 38,600 | 38,620 | 39,220 | (12) (13) |
| Hurricane Cleanco Limited | Senior Secured | FIXED 6.25%, 6.25% PIK | 12/31/2024 | 11/22/2029 | 31,502 | 29,976 | 31,188 | (5) (10) (11) (18) |
| Under Technologies, Inc. (dba Rho) | Senior Secured | SOFR+7.75%, 11.39% floor, 5.00% ETP | 5/8/2026 | 5/8/2031 | 20,000 | 19,868 | 19,868 | (12) (13) |
| Vesta Payment Solutions, Inc. | Senior Secured | SOFR+7.00%, 9.00% floor, 10.00% ETP | 11/29/2022 | 12/16/2026 | 25,000 | 26,670 | 22,720 | (12) (28) |
| Total Financial Services - 22.84%* | 115,134 | 112,996 | ||||||
| Health Care Equipment & Services | ||||||||
| Biotricity, Inc. | Senior Secured | SOFR+10.50%, 11.50% floor, 10.29% ETP | 4/6/2026 | 5/15/2027 | 13,846 | 13,912 | 13,116 | (12) (15) |
| EBR Systems, Inc. | Senior Secured | PRIME+4.90%, 8.90% floor, 4.50% ETP | 6/30/2022 | 6/15/2027 | 40,000 | 41,228 | 41,526 | (12) (13) (15) |
| HR Pharmaceuticals, LLC | Senior Secured | SOFR+6.00%, 8.00% floor, 5.36% ETP | 1/29/2026 | 1/29/2031 | 6,546 | 6,463 | 6,493 | (12) (13) |
| HR Pharmaceuticals, LLC (Revolver) | Senior Secured | SOFR+6.00%, 8.00% floor | 1/29/2026 | 1/29/2031 | 206 | 193 | 204 | |
| ImpediMed, Inc. | Senior Secured | SOFR+9.50%, 13.75% floor, 9.00% ETP | 4/6/2026 | 2/5/2030 | 11,500 | 10,922 | 11,421 | (9) (10) (12) (15) |
| MedMinder Systems, Inc. | Senior Secured | PRIME+4.35%, 9.10% floor, 11.85% ceiling, 6.00% ETP | 4/6/2026 | 8/18/2028 | 25,000 | 23,515 | 26,850 | (12) (13) |
| Mingle Healthcare Solutions, Inc. | Senior Secured | SOFR+9.75%, 12.26% floor, 10.50% ETP | 8/15/2018 | 12/15/2026 | 4,127 | 4,757 | 1,885 | (12) (22) |
| Triple Ring Technologies, Inc. | Senior Secured | SOFR+7.50%, 12.00% floor, 7.75% ETP | 4/6/2026 | 12/6/2028 | 8,000 | 7,661 | 7,917 | (12) (13) |
| Total Health Care Equipment & Services - 22.12%* | 108,651 | 109,412 | ||||||
| Household & Personal Products | ||||||||
| 13 Scents Inc. (dba Dossier) | Senior Secured | SOFR+6.25%, 7.25% floor | 4/8/2026 | 3/31/2031 | 25,401 | 24,989 | 24,989 | (13) |
| 13 Scents Inc. (dba Dossier) (Revolver) | Senior Secured | SOFR+6.25%, 7.25% floor | 4/8/2026 | 3/31/2031 | 2,735 | 2,676 | 2,676 | |
| Madison Reed, Inc. | Senior Secured | PRIME+5.00%, 12.50% floor, 3.00% ETP | 8/29/2025 | 8/29/2029 | 40,000 | 39,634 | 39,344 | (12) (13) |
| Total Household & Personal Products - 13.55%* | 67,299 | 67,009 | ||||||
| Insurance | ||||||||
| Kin Insurance, Inc. | Senior Secured | PRIME+5.00%, 12.00% floor, 2.00% ETP | 8/13/2025 | 8/13/2029 | 30,000 | 29,539 | 29,875 | (12) (13) |
| Kin Insurance, Inc. | Senior Secured | PRIME+5.00%, 12.00% floor, 2.00% ETP | 12/30/2025 | 8/13/2029 | 15,000 | 14,687 | 14,938 | (12) (23) |
| Total Insurance - 9.06%* | 44,226 | 44,813 | ||||||
| Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Control/Non-Affiliate Investments | |||||||||||
| Debt Investments | |||||||||||
| Media & Entertainment | |||||||||||
| Skillshare, Inc. | Senior Secured | SOFR+6.75%, 10.96% floor, 2.50% ETP | 8/15/2025 | 2/8/2029 | 9,186 | 9,223 | 8,531 | (12) (13) | |||
| Snap! Mobile, Inc. | Senior Secured | SOFR+7.50%, 12.10% floor, 3.83% ETP | 9/30/2024 | 9/30/2028 | 18,000 | 17,982 | 17,763 | (12) (13) | |||
| Total Media & Entertainment - 5.31%* | 27,205 | 26,294 | |||||||||
| Multi-Sector Holdings | |||||||||||
| SPB C-2024, LLC | Senior Secured | FIXED 15.00% PIK, 1.57% ETP | 12/16/2025 | 12/16/2028 | 11,032 | 10,992 | 11,119 | (10) (11) (12) | |||
| Total Multi-Sector Holdings - 2.25%* | 10,992 | 11,119 | |||||||||
| Pharmaceutical, Biotechnology & Life Sciences | |||||||||||
| 4Web, Inc. | Senior Secured | SOFR+9.25%, 12.75% floor, 34.43% ETP | 4/6/2026 | 12/31/2027 | 19,301 | 23,051 | 23,721 | (12) (13) | |||
| AOTI, Inc. | Senior Secured | SOFR+7.75%, 10.90% floor, 5.60% ETP | 4/6/2026 | 2/15/2029 | 19,478 | 18,505 | 19,680 | (12) (13) (15) | |||
| Eton Pharmaceuticals, Inc. | Senior Secured | SOFR+6.55%, 9.30% floor, 5.45% ETP | 4/6/2026 | 12/17/2027 | 22,000 | 21,863 | 23,409 | (10) (12) (13) (15) | |||
| Goodwin Biotechnology, Inc. | Senior Secured | SOFR+9.00%, 13.25% floor, 5.44% ETP | 4/6/2026 | 9/13/2027 | 5,621 | 5,419 | 5,558 | (12) (13) | |||
| Journey Medical Corporation | Senior Secured | SOFR+7.75%, 12.75% floor, 5.00% ETP | 4/6/2026 | 6/27/2028 | 25,000 | 24,101 | 25,327 | (12) (13) (15) | |||
| NeoLight, LLC | Senior Secured | PRIME+6.50%, 13.50% floor, 50% Cash/50% PIK, 9.66% ETP | 4/6/2026 | 8/15/2027 | 6,155 | 6,137 | 5,608 | (11) (12) (13) | |||
| Nicoya Lifesciences, Inc. | Senior Secured | SOFR+9.00%, 12.75% floor, 11.76% ETP | 4/6/2026 | 4/14/2027 | 8,500 | 8,626 | 9,008 | (7) (10) (12) (13) | |||
| Shield Therapeutics PLC | Senior Secured | SOFR+8.75%, 12.25% floor, 5.00% ETP | 12/2/2025 | 9/28/2028 | 5,000 | 4,909 | 5,010 | (5) (10) (12) (13) (15) (28) | |||
| Shield Therapeutics PLC | Senior Secured | SOFR+8.75%, 12.25% floor, 6.56% ETP | 4/6/2026 | 9/28/2028 | 20,000 | 19,330 | 20,040 | (5) (10) (12) (13) (15) (28) | |||
| Sincerus Pharmaceuticals, Inc. | Senior Secured | SOFR+6.75%, 10.50% floor, 8.85% ETP | 4/6/2026 | 8/31/2030 | 15,997 | 15,589 | 16,389 | (12) (13) | |||
| Sincerus Pharmaceuticals, Inc. | Senior Secured | SOFR+6.75%, 10.50% floor, 7.50% ETP | 6/30/2026 | 8/31/2030 | 4,003 | 3,999 | 4,100 | (12) (13) | |||
| Total Pharmaceutical, Biotechnology & Life Sciences - 31.91%* | 151,529 | 157,850 | |||||||||
| Systems Software | |||||||||||
| Circadence Corporation | Senior Secured | SOFR+11.00%, 14.69% floor, 10.82% ETP | 12/20/2018 | 12/31/2026 | 17,102 | 18,884 | 16,518 | (12) | |||
| Digicert, Inc. | Senior Secured | SOFR+5.75%, 6.50% floor | 7/30/2025 | 7/30/2030 | 9,234 | 9,122 | 9,060 | (13) | |||
| Digicert, Inc. (Revolver) | Senior Secured | SOFR+5.75%, 6.50% floor | 7/30/2025 | 7/30/2030 | - | (7) | - | (26) | |||
| Total Systems Software - 5.17%* | 27,999 | 25,578 | |||||||||
| Technology Hardware & Equipment | |||||||||||
| Brivo, Inc. | Senior Secured | SOFR+7.00%, 10.66% floor, 2.53% ETP | 12/27/2024 | 12/15/2029 | 40,000 | 40,079 | 41,165 | (12) (13) | |||
| Linxup, LLC | Senior Secured | PRIME+3.25%, 11.75% floor, 2.25% ETP | 11/3/2023 | 11/15/2027 | 30,000 | 30,284 | 31,118 | (12) (13) | |||
| Total Technology Hardware & Equipment - 14.61%* | 70,363 | 72,283 | |||||||||
| Total Debt Investments - 200.50%* | 1,001,072 | 991,872 | |||||||||
| Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Control/Non-Affiliate Investments | |||||||||||
| Equity Investments | |||||||||||
| Application Software | |||||||||||
| Aria Systems, Inc. | Equity | Series G Preferred Stock | 7/10/2018 | N/A | 289,419 | 250 | 256 | (14) | |||
| VTX Intermediate Holdings, Inc. (dba VertexOne) | Equity | Series C Preferred Units | 12/12/2024 | N/A | 3,015,219 | 143 | 9 | (14) | |||
| Total Application Software - 0.05%* | 393 | 265 | |||||||||
| Commercial & Professional Services | |||||||||||
| FiscalNote, Inc. | Equity | Common Stock | 10/19/2020 | N/A | 19,240 | 438 | 1 | (14) (15) (16) | |||
| JobGet Holdings, Inc. (fka Snagajob, Inc.) | Equity | Series C-1 Preferred Stock | 11/15/2024 | N/A | 476,564 | 39,275 | 16,962 | (14) (25) | |||
| JobGet Holdings, Inc. (fka Snagajob, Inc.) | Equity | Series C-2 Preferred Stock | 11/15/2024 | N/A | 16,963 | - | - | (14) (25) | |||
| Total Commercial & Professional Services - 3.43%* | 39,713 | 16,963 | |||||||||
| Consumer Staples Distribution & Retail | |||||||||||
| Marley Spoon SE | Equity | Common Stock | 7/7/2023 | N/A | 46,004 | 410 | 3 | (6) (10) (14) (15) (16) (18) | |||
| Total Consumer Staples Distribution & Retail - 0.00%* | 410 | 3 | |||||||||
| Health Care Equipment & Services | |||||||||||
| CareCloud, Inc. | Equity | 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock | 1/8/2020 | N/A | 462,064 | 12,132 | 9,900 | (15) (16) | |||
| Epica International, Inc. | Equity | Common Stock | 1/4/2022 | N/A | 25,000 | 136 | 141 | (14) | |||
| HR Pharmaceuticals, LLC | Equity | Preferred Units | 1/29/2026 | N/A | 2,000,000 | 2,000 | 1,983 | (14) (25) | |||
| MolecuLight, Inc. | Equity | Series B-3 Preferred Stock | 1/1/2025 | N/A | 250,000 | 37 | - | (7) (10) (14) (18) (25) | |||
| Total Health Care Equipment & Services - 2.43%* | 14,305 | 12,024 | |||||||||
| Media & Entertainment | |||||||||||
| Minute Media Inc. | Equity | Preferred Stock | 12/13/2023 | N/A | 1,219 | 120 | 79 | (5) (10) (14) | |||
| Minute Media Inc. | Equity | Common Stock | 12/13/2023 | N/A | 160 | 16 | 7 | (5) (10) (14) | |||
| Total Media & Entertainment - 0.02%* | 136 | 86 | |||||||||
| Pharmaceutical, Biotechnology & Life Sciences | |||||||||||
| AOTI, Inc. | Equity | Common Stock | 6/30/2024 | N/A | 402,634 | 178 | 695 | (14) (15) (18) | |||
| Sincerus Pharmaceuticals, Inc. | Equity | Common Stock | 5/21/2021 | N/A | 26,575 | 509 | 445 | (14) | |||
| Total Pharmaceutical, Biotechnology & Life Sciences - 0.23%* | 687 | 1,140 | |||||||||
| Total Equity Investments - 6.16%* | 55,644 | 30,481 | |||||||||
| Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Control/Non-Affiliate Investments | ||||||||||||||
| Warrants & Other Contractual Rights | ||||||||||||||
| Application Software | ||||||||||||||
| 3DNA Corp. (dba NationBuilder) | Warrant | Series C-1 Preferred Stock | 12/28/2018 | 12/28/2028 | 273,164 | 104 | - | (14) | ||||||
| Airship Group, Inc. | Warrant | Series F Preferred Stock | 6/28/2024 | 6/28/2034 | 519,313 | 414 | 510 | (14) | ||||||
| Aria Systems, Inc. | Warrant | Series G Preferred Stock | 6/29/2018 | 6/29/2028 | 2,387,705 | 1,048 | 833 | (14) | ||||||
| CarNow, Inc. | Warrant | Common Stock | 3/22/2024 | 3/22/2034 | 200,000 | 2,400 | 1,822 | (14) | ||||||
| CarNow, Inc. | Warrant | Common Stock | 4/24/2026 | 4/24/2036 | 20,000 | - | 182 | (14) | ||||||
| Exeevo, Inc. | Contractual Right | Gross Margin Earnout | 11/13/2024 | 9/30/2027 | N/A | 409 | 492 | (14) (17) (25) | ||||||
| INRIX, Inc. | Warrant | Common Stock | 7/26/2019 | 7/26/2029 | 150,804 | 522 | - | (14) | ||||||
| JWP Holdco LLC (fka Longtail Ad Solutions, Inc.) | Warrant | Common Units | 12/12/2019 | 12/12/2029 | 167,827 | 47 | - | (14) | ||||||
| Piano Software, Inc. | Warrant | Series D Preferred Stock | 12/31/2024 | 12/31/2034 | 119,978 | 348 | 461 | (14) | ||||||
| Predactiv, Inc. (fka Sharethis, Inc.) | Warrant | Series D-3 Preferred Stock | 12/3/2018 | 12/3/2028 | 647,615 | 2,162 | - | (14) | ||||||
| Total Application Software - 0.87%* | 7,454 | 4,300 | ||||||||||||
| Commercial & Professional Services | ||||||||||||||
| AllClear ID, Inc. | Warrant | Common Stock | 8/31/2017 | 8/31/2027 | 870,514 | 1,750 | - | (14) | ||||||
| Bombora, Inc. | Warrant | Common Stock | 3/31/2021 | 3/31/2031 | 121,581 | 174 | 148 | (14) | ||||||
| Bombora, Inc. | Warrant | Common Stock | 12/26/2023 | 12/26/2033 | 57,750 | 51 | 70 | (14) | ||||||
| CloudPay, Inc. | Warrant | Series B Preferred Stock | 6/30/2020 | 6/30/2030 | 11,273 | 218 | 854 | (5) (10) (14) | ||||||
| CloudPay, Inc. | Warrant | Series D Preferred Stock | 8/17/2021 | 8/17/2031 | 3,502 | 52 | 18 | (5) (10) (14) | ||||||
| CloudPay, Inc. | Warrant | Series D Preferred Stock | 9/26/2022 | 9/26/2032 | 5,252 | 176 | 103 | (5) (10) (14) | ||||||
| Elevate Services, Inc. | Warrant | Series C Preferred Stock | 7/10/2023 | 7/10/2033 | 248,997 | 447 | 379 | (14) | ||||||
| Elevate Services, Inc. | Warrant | Series C Preferred Stock | 7/17/2024 | 7/17/2034 | 236,549 | 377 | 621 | (14) | ||||||
| FiscalNote, Inc. | Contractual Right | Earnout | 7/29/2022 | 7/29/2027 | N/A | 127 | - | (14) (15) (17) | ||||||
| JobGet Holdings, Inc. (fka Snagajob, Inc.) | Warrant | Series B-1 Preferred Stock | 9/29/2021 | 9/29/2031 | 763,269 | 343 | - | (14) | ||||||
| Swing Education, Inc. | Warrant | Series C Preferred Stock | 6/27/2025 | 6/27/2035 | 196,160 | 19 | 2 | (14) | ||||||
| Total Commercial & Professional Services - 0.45%* | 3,734 | 2,195 | ||||||||||||
| Consumer Services | ||||||||||||||
| FINN GmbH | Warrant | Series C2 Preferred Stock | 12/4/2025 | 12/4/2030 | 385 | 691 | 550 | (6) (10) (14) (18) (24) | ||||||
| FINN GmbH | Warrant | Series C2 Preferred Stock | 3/10/2026 | 12/4/2030 | 201 | - | 1,274 | (6) (10) (14) (18) (24) | ||||||
| Total Consumer Services - 0.37%* | 691 | 1,824 | ||||||||||||
| Consumer Staples Distribution & Retail | ||||||||||||||
| Marley Spoon SE | Warrant | Common Stock | 4/25/2026 | 12/31/2035 | 5,466 | - | - | (6) (10) (14) (15) (18) | ||||||
| Total Consumer Staples Distribution & Retail - 0.00%* · - · - | ||||||||||||||
| Financial Services | ||||||||||||||
| Autobooks, Inc. | Contractual Right | Success Fee | 5/5/2025 | N/A | N/A | 489 | 694 | (14) (17) | ||||||
| Betterment Holdings, Inc. | Warrant | Common Stock | 10/6/2023 | 10/6/2033 | 7,680 | 35 | 38 | (14) | ||||||
| Betterment Holdings, Inc. | Warrant | Common Stock | 10/6/2023 | 10/6/2033 | 9,818 | 40 | 41 | (14) | ||||||
| Credit Sesame, Inc. | Warrant | Common Stock | 1/7/2020 | 1/7/2030 | 191,601 | 425 | 191 | (14) | ||||||
| Under Technologies, Inc. (dba Rho) | Warrant | Series B Preferred Stock | 5/8/2026 | 5/8/2036 | 101,203 | 2 | 6 | (14) (25) | ||||||
| Total Financial Services - 0.20%* | 991 | 970 | ||||||||||||
| Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Control/Non-Affiliate Investments | ||||||||||||
| Warrants & Other Contractual Rights | ||||||||||||
| Health Care Equipment & Services | ||||||||||||
| Allurion Technologies, Inc. | Warrant | Common Stock | 3/30/2021 | 3/30/2031 | 5,320 | 282 | - | (14) (15) | ||||
| Allurion Technologies, Inc. | Warrant | Common Stock | 6/14/2022 | 3/30/2031 | 1,851 | 141 | - | (14) (15) | ||||
| Allurion Technologies, Inc. | Warrant | Common Stock | 9/15/2022 | 9/15/2032 | 1,850 | 144 | - | (14) (15) | ||||
| Allurion Technologies, Inc. | Contractual Right | Earnout | 8/2/2023 | 8/1/2028 | N/A | - | - | (14) (15) (17) | ||||
| Best ABT, Inc. | Contractual Right | Settlement Payment Right | 11/12/2018 | 3/31/2027 | N/A | 452 | 579 | (14) (25) | ||||
| Biotricity, Inc. | Warrant | Series A Preferred Stock | 12/21/2021 | 12/21/2028 | 9,589 | - | 2 | (14) (15) | ||||
| Biotricity, Inc. | Warrant | Series B Preferred Stock | 11/11/2024 | 11/11/2031 | 54,300 | 7 | - | (14) (15) | ||||
| Biotricity, Inc. | Warrant | Series C Preferred Stock | 8/25/2023 | 8/25/2030 | 600,000 | 112 | - | (14) (15) | ||||
| Biotricity, Inc. | Warrant | Series E Preferred Stock | 12/12/2025 | 12/12/2032 | 120,000 | 24 | 1 | (14) (15) | ||||
| DxTerity Diagnostics, Inc. | Warrant | Series B Preferred Stock | 4/6/2015 | 12/31/2026 | 2,019,231 | 43 | - | (14) | ||||
| EBR Systems, Inc. | Contractual Right | Success Fee | 6/30/2022 | 6/30/2032 | N/A | 605 | 503 | (14) (15) (17) | ||||
| Elutia, Inc. | Warrant | Common Stock | 8/10/2022 | 8/10/2029 | 187,970 | 49 | 9 | (14) (15) | ||||
| Epica International, Inc. | Warrant | Common Stock | 7/24/2018 | 7/24/2027 | 581,818 | 1,189 | 1,171 | (14) | ||||
| Flowonix Medical, Inc. | Contractual Right | Royalty | 6/26/2023 | N/A | N/A | 4,693 | 4,284 | (14) | ||||
| Ideal Implant, Inc. | Contractual Right | Royalty | 8/1/2023 | 2/1/2039 | N/A | 1,806 | 1,249 | (14) | ||||
| ImpediMed, Inc. | Warrant | Common Stock | 2/6/2025 | 2/6/2032 | 18,737,805 | 115 | 17 | (9) (10) (14) (15) (18) | ||||
| MedMinder Systems, Inc. | Warrant | Series C Preferred Stock | 8/18/2022 | 8/18/2029 | 65,092 | 56 | 47 | (14) | ||||
| Mingle Healthcare Solutions, Inc. | Warrant | Series CC Preferred Stock | 8/15/2018 | 8/15/2028 | 1,770,973 | 492 | - | (14) | ||||
| MolecuLight, Inc. | Warrant | Common Stock | 1/1/2025 | 12/28/2028 | 394,322 | 3 | - | (7) (10) (14) (18) | ||||
| Moximed, Inc. | Warrant | Series C Preferred Stock | 6/24/2022 | 6/24/2032 | 214,285 | 175 | 39 | (14) | ||||
| Onward Medical, N.V. | Warrant | Common Stock | 6/28/2024 | 9/26/2034 | 165,338 | 340 | 66 | (8) (10) (14) (15) (18) | ||||
| Route 92 Medical, Inc. | Contractual Right | Success Fee | 3/31/2025 | 3/31/2035 | N/A | 833 | 706 | (14) (17) | ||||
| SetPoint Medical Corporation | Warrant | Series B Preferred Stock | 6/29/2021 | 6/29/2031 | 400,000 | 14 | 96 | (14) | ||||
| SetPoint Medical Corporation | Warrant | Series B Preferred Stock | 12/29/2022 | 12/29/2032 | 600,000 | 74 | 145 | (14) | ||||
| Total Health Care Equipment & Services - 1.80%* | 11,649 | 8,914 | ||||||||||
| Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Control/Non-Affiliate Investments | ||||||||||||
| Warrants & Other Contractual Rights | ||||||||||||
| Household & Personal Products | ||||||||||||
| Madison Reed, Inc. | Contractual Right | Success Fee | 8/29/2025 | N/A | N/A | 404 | 464 | (14) (17) | ||||
| Total Household & Personal Products - 0.09%* | 404 | 464 | ||||||||||
| Insurance | ||||||||||||
| Kin Insurance, Inc. | Warrant | Series D-3 Preferred Stock | 9/26/2022 | 9/26/2032 | 62,364 | 426 | 568 | (14) | ||||
| Kin Insurance, Inc. | Warrant | Series E Preferred Stock | 8/13/2025 | 8/13/2035 | 10,618 | 546 | 1,215 | (14) | ||||
| Total Insurance - 0.36%* | 972 | 1,783 | ||||||||||
| Media & Entertainment | ||||||||||||
| Minute Media Inc. | Contractual Right | SAFE | 7/28/2026 | N/A | N/A | 2 | 2 | (5) (10) (14) | ||||
| Skillshare, Inc. | Contractual Right | Success Fee | 8/15/2025 | N/A | N/A | 337 | 87 | (14) (17) | ||||
| Snap! Mobile, Inc. | Warrant | Series B Preferred Stock | 9/30/2024 | 9/30/2034 | 19,140 | 345 | 294 | (14) | ||||
| Total Media & Entertainment - 0.08%* | 684 | 383 | ||||||||||
| Pharmaceutical, Biotechnology & Life Sciences | ||||||||||||
| 4Web, Inc. | Warrant | Series D Preferred Stock | 6/3/2019 | 9/3/2031 | 780,387 | 3,989 | 3,665 | (14) | ||||
| Goodwin Biotechnology, Inc. | Warrant | Series C Preferred Stock | 9/13/2023 | 9/13/2030 | 211,442 | 50 | 54 | (14) (25) | ||||
| Insite Vision, Inc. | Contractual Right | Royalty | 4/2/2013 | N/A | N/A | - | - | (14) (25) | ||||
| Mustang Bio, Inc. | Warrant | Common Stock | 3/4/2022 | 3/4/2032 | 997 | 315 | - | (14) (15) | ||||
| NeoLight, LLC | Warrant | Series B-2 Preferred Stock | 2/17/2023 | 2/17/2030 | 105,048 | 3 | 3 | (14) | ||||
| Nicoya Lifesciences, Inc. | Warrant | Series B-1 Preferred Stock | 10/13/2023 | 10/13/2030 | 117,305 | 154 | 16 | (7) (10) (14) (18) | ||||
| Nicoya Lifesciences, Inc. | Warrant | Series A-3 Preferred Stock | 5/27/2025 | 5/27/2032 | 276,630 | 21 | - | (7) (10) (14) (18) | ||||
| Shield Therapeutics PLC | Warrant | Common Stock | 12/2/2025 | 12/2/2031 | 906,468 | 63 | 28 | (5) (10) (14) (15) (18) | ||||
| Shield Therapeutics PLC | Warrant | Common Stock | 10/2/2023 | 10/2/2029 | 8,910,540 | 531 | 100 | (5) (10) (14) (15) (18) | ||||
| Shield Therapeutics PLC | Warrant | Common Stock | 6/8/2026 | 6/8/2032 | 1,765,019 | 67 | 63 | (5) (10) (14) (15) (18) | ||||
| Zevra Therapeutics, Inc. (fka Acer Therapeutics, Inc.) | Contractual Right | Contingent Value Right | 11/17/2023 | N/A | N/A | - | - | (10) (14) (15) (25) | ||||
| Total Pharmaceutical, Biotechnology & Life Sciences - 0.79%* | 5,193 | 3,929 | ||||||||||
| Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Control/Non-Affiliate Investments | ||||||||||||||||
| Warrants & Other Contractual Rights | ||||||||||||||||
| Systems Software | ||||||||||||||||
| Circadence Corporation | Warrant | Series B Preferred Stock | 12/20/2018 | 12/20/2028 | 1,538,462 | 3,630 | - | (14) | ||||||||
| Circadence Corporation | Warrant | Series B Preferred Stock | 10/31/2019 | 10/31/2029 | 384,615 | 846 | - | (14) | ||||||||
| Circadence Corporation | Contractual Right | Success Fee | 12/21/2023 | N/A | N/A | 304 | 219 | (14) (17) | ||||||||
| Scale Computing, Inc. | Warrant | Common Stock | 3/29/2019 | 3/29/2029 | 9,665,667 | 346 | - | (14) | ||||||||
| Synack, Inc. | Warrant | Common Stock | 12/29/2023 | 6/30/2032 | 131,521 | 168 | 128 | (14) | ||||||||
| Total Systems Software - 0.07%* | 5,294 | 347 | ||||||||||||||
| Technology Hardware & Equipment | ||||||||||||||||
| Brivo, Inc. | Warrant | Series A-2 Preferred Stock | 10/20/2022 | 10/20/2032 | 201,000 | 98 | 226 | (14) | ||||||||
| Brivo, Inc. | Warrant | Series A-2 Preferred Stock | 12/27/2024 | 12/27/2034 | 32,109 | 43 | 56 | (14) | ||||||||
| Dejero Labs, Inc. | Warrant | Common Stock | 5/31/2019 | 5/31/2029 | 333,621 | 192 | 250 | (7) (10) (14) (18) | ||||||||
| Linxup, LLC | Contractual Right | Success Fee | 11/3/2023 | 11/3/2033 | N/A | 253 | 650 | (14) (17) | ||||||||
| RealWear, Inc. | Warrant | Common Stock | 10/5/2018 | 10/5/2028 | 112,451 | 136 | 4 | (14) | ||||||||
| RealWear, Inc. | Warrant | Common Stock | 12/28/2018 | 12/28/2028 | 22,491 | 25 | 1 | (14) | ||||||||
| RealWear, Inc. | Warrant | Common Stock | 6/27/2019 | 6/27/2029 | 123,894 | 381 | 5 | (14) | ||||||||
| Total Technology Hardware & Equipment - 0.24%* | 1,128 | 1,192 | ||||||||||||||
| Total Warrants & Other Contractual Rights - 5.32%* | 38,194 | 26,301 | ||||||||||||||
| Total Non-Control/Non-Affiliate Investments - 211.98%* | 1,094,910 | 1,048,654 | ||||||||||||||
| Portfolio Company · Investment Type · Investment Description(1)(2)(4) · Initial Acquisition Date · Maturity Date · Principal ($) /Shares · Cost ($) · Fair Value ($) (3) · Footnotes | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Affiliate Investments | (20) | |||||||||||||||||
| Equity Investments | ||||||||||||||||||
| Application Software | ||||||||||||||||||
| Coginiti Corp | Equity | Common Stock | 3/9/2020 | N/A | 1,040,160 | 4,551 | - | (14) | ||||||||||
| Total Application Software - 0.00%* | 4,551 | - | ||||||||||||||||
| Total Equity Investments - 0.00%* | 4,551 | - | ||||||||||||||||
| Warrants & Other Contractual Rights | ||||||||||||||||||
| Application Software | ||||||||||||||||||
| Coginiti Corp | Warrant | Common Stock | 3/9/2020 | 3/9/2030 | 811,770 | - | - | (14) | ||||||||||
| Total Application Software - 0.00%* · - · - | ||||||||||||||||||
| Total Warrants & Other Contractual Rights - 0.00%* · - · - | ||||||||||||||||||
| Total Affiliate Investments - 0.00%* | 4,551 | - | ||||||||||||||||
| Control Investments | (21) | |||||||||||||||||
| Equity Investments | ||||||||||||||||||
| Multi-Sector Holdings | ||||||||||||||||||
| Runway-Cadma I LLC | Equity | 50% Equity Interest | 3/6/2024 | N/A | N/A | 12,180 | 12,876 | (10) | ||||||||||
| Total Multi-Sector Holdings - 2.60%* | 12,180 | 12,876 | ||||||||||||||||
| Total Equity Investments - 2.60%* | 12,180 | 12,876 | ||||||||||||||||
| Total Control Investments - 2.60%* | 12,180 | 12,876 | ||||||||||||||||
| Total Investments - 214.58%* | $ | 1,111,641 | $ | 1,061,530 | ||||||||||||||
| Cash and Cash Equivalents and Short Term Investments | ||||||||||||||||||
| Goldman Sachs Financial Square Government Fund Institutional Shares | FGTXX/38141W273 | 2,497 | 2,497 | |||||||||||||||
| Cash | 1,122 | 1,122 | ||||||||||||||||
| Total Cash and Cash Equivalents and Short Term Investments - 0.73%* | 3,619 | 3,619 | ||||||||||||||||
| Total Investments, Cash and Cash Equivalents, and Short Term Investments - 215.31%* | $ | 1,115,260 | $ | 1,065,149 | ||||||||||||||
| (1) | Disclosures of interest rates on notes include cash interest rates and payment-in-kind ("PIK") interest rates, as applicable. Unless otherwise indicated, all of the Company's variable interest debt instruments bear interest at a rate determined by reference to the U.S. Prime Rate ("PRIME") or the 1-month or 3-month Secured Overnight Financing Rate ("SOFR"). At September 30, 2026, the U.S. PRIME Rate was 7.00%, the 1-Month SOFR was 3.91%, and the 3-Month SOFR was 4.08%. |
| (2) | The Company’s investments are generally acquired in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and, therefore, except as otherwise noted, are subject to limitation on resale, may be deemed to be "restricted securities" under the Securities Act, and were valued at fair value as determined in good faith by the Board of Directors (as defined in "Note 2 – Summary of Significant Accounting Policies"). |
| (3) | Investments are held at Fair Value net of the Fair Value of Unfunded Commitments. Refer to "Note 8 – Commitments, Contingencies, and Off-Balance Sheet Arrangements" for additional detail. |
| (4) | All portfolio companies are domiciled in the United States, unless otherwise noted. |
| (5) | Portfolio company is domiciled in the United Kingdom. Fair value of United Kingdom domiciled investments represents 11.62% of net assets. |
| (6) | Portfolio company is domiciled in Germany. Fair value of German domiciled investments represents 11.88% of net assets. |
| (7) | Portfolio company is domiciled in Canada. Fair value of Canadian domiciled investments represents 1.87% of net assets. |
| (8) | Portfolio company is domiciled in the Netherlands. Fair value of Dutch domiciled investments represents 0.01% of net assets. |
| (9) | Portfolio company is domiciled in Australia. Fair value of Australian domiciled investments represents 2.31% of net assets. |
| (10) | Investment is not a qualifying investment as defined under Section 55(a) of the Investment Company Act of 1940, as amended. The fair value of non-qualifying assets represents 18.48% of total assets as of September 30, 2026. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. If at any time qualifying assets do not represent at least 70% of the Company's total assets, the Company will be precluded from acquiring any additional non-qualifying assets until such time as it complies with the requirements of Section 55(a). |
| (11) | Represents a PIK security. PIK interest will be accrued and paid at maturity. |
| (12) | Disclosures of end-of-term payments ("ETP") are one-time payments stated as a percentage of principal amount. |
| (13) | The investment is an eligible loan investment in the collateral under the Credit Facility (as defined in "Note 7 – Borrowings"). |
| (14) | Investments are non-income producing. |
| (15) | Portfolio company is a publicly traded company whose securities are listed on a national securities exchange. |
| (16) | Investment is not a "restricted security" under the Securities Act. |
| (17) | Investment is either a cash success fee payable or earnout of shares based on the consummation of certain trigger events. |
| (18) | Investment is denominated in a foreign currency. At each balance sheet date, portfolio company investments denominated in foreign currencies are translated into U.S. dollars using the spot exchange rate on the last business day of the period. Transactions of foreign portfolio company investments, and income related from such investments, are translated into U.S. dollars using relevant rates of exchange on the respective dates of such transactions. |
| (19) | Investment represents a security with a tiered fee that increases over time, dependent upon the timing of repayment. Such fees are recorded in "Interest income" on the Consolidated Statements of Operations. |
| (20) | Affiliate portfolio company as defined under the 1940 Act in which the Company owns between 5% and 25% (inclusive) of the investment's voting securities and does not have rights to maintain greater than 50% representation on the board. |
| (21) | Control portfolio company, as defined under the 1940 Act, in which the Company owns more than 25% of the investment’s voting securities or has greater than 50% representation on its board. |
| (22) | Investment is on non-accrual status as of September 30, 2026 and is therefore considered non-income producing. |
| (23) | The Company sold a participation representing $15.0 million of the aggregate outstanding principal balance of the portfolio company's senior secured loan. As the transfer did not meet the requirements for sale accounting under ASC 860, the Company recorded a corresponding secured borrowing, measured at fair value and included in "Secured borrowings" on the Consolidated Statements of Assets and Liabilities. See "Note 2 – Summary of Significant Accounting Policies, Secured Borrowings" for additional detail. |
| (24) | Number of shares is not fixed and is based on a percentage of the portfolio company’s fully diluted share capital as of September 30, 2026. |
| (25) | Transfers are subject to contractual restrictions contained in the issuer’s governing documents and other applicable agreements, including rights of first refusal and other limitations on transfer. |
| (26) | No borrowings were outstanding under the revolving loan commitment as of September 30, 2026. The negative cost represents unamortized original issue discount and other fees received in connection with the commitment. |
| (27) | This position is convertible debt. It bears interest at a contractual rate equal to SOFR plus a spread of 8.00% (subject to a 10.50% floor and 14.00% ceiling) and matures December 31, 2030. The Company, as Lender, holds the sole right to convert all or a portion of the outstanding obligations into common shares of the borrower group's intermediate parent at a fixed price of EUR 1.00 per share, subject to an 80% aggregate ownership cap. Effective March 31, 2026, the Company placed this position on non-accrual status; interest income and original issue discount accretion are not being recorded on this position for financial reporting purposes. For more information, refer to "Note 2 – Summary of Significant Accounting Policies, Non-Accrual Investments". |
| (28) | The maturity date shown is subject to change upon the satisfaction, or failure, of certain conditions specified in the credit agreement, including milestones, extension conditions, or the maturity of other indebtedness of the portfolio company. |
| * | Fair value as a percentage of net assets. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.