On October 31, 2024, BC Partners Credit announced its acquisition of Runway Growth Capital.
BC Partners Credit (“BCP Credit”) announced, on October 31, 2024, its acquisition of Runway Growth Capital LLC (“Runway”). Runway will continue to operate independently with their current leadership and investment teams remaining in place. The transaction is expected to close in the fourth quarter of 2024 subject to customary closing conditions. Further terms of the transaction were not disclosed.
BCP Credit, based in New York, is the credit arm of BC Partners that focuses on identifying credit opportunities and offering flexible financing solutions to middle-market companies across business services, industrials, healthcare and other select sectors. As of October 2024, BCP Credit managed approximately $8 billion in client assets.
Runway, based in Woodside, California, is an investment adviser to investment funds that act as lenders of growth capital to companies seeking an alternative to raising equity. As of November 2024, Runway managed approximately $1.1 billion in client assets. Oppenheimer & Co. Inc. is acting as exclusive financial advisor to Runway.
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