David founded Runway Growth Capital in 2015 and is a member of the firm's investment committee. David is a seasoned and respected Silicon Valley-based investment executive, with 27 years of experience as a venture capitalist and growth debt lender. As a VC, he has been active in the formation and development of nearly 50 technology companies with 18 IPOs and 14 trade-sales. He was ranked four times by Forbes magazine on their annual Midas List as one of the top 50 venture capitalists; in 2006 he was ranked the #8 VC. Beginning in 2010, David transitioned from venture capital to growth lending as a Co-Founder of Decathlon Capital Partners, a provider of revenue-based loans to small, fast-growing, bootstrapped companies. His experience at Decathlon opened his eyes to the opportunity to use debt as an alternative to equity to finance the growth of both venture-backed and non-venture backed small companies. In 2015, he formed what is today Runway Growth Capital with funds managed by Oaktree Capital Management L.P. to pursue this vision. David’s commitment to the entrepreneurial ecosystem is unwavering. He has served on the board and as Chairman of the Government Affairs Committee of the National Venture Capital Association (“NVCA”) and has been an active member of the World Economic Forum (“WEF”) community-including as a frequent panelist in Davos, as a member of the Technology Pioneers Selection Committee, the Steering Committee for Entrepreneurship and Successful Growth Strategies, and as an adviser to the Alternative Investments 2020 and Mainstreaming Impact Investing initiatives.
In the recent earnings call for Q4 2024, CEO David Spreng discussed the significant changes following the acquisition of Runway Growth Capital by BC Partners Credit. This acquisition has positioned BC Partners to manage over $10 billion in assets, marking a pivotal moment for the company.
Spreng emphasized the transformative nature of this integration, suggesting it will enhance operational capabilities and expand growth opportunities. The merger is expected to streamline processes and improve overall efficiency, which could lead to better financial performance in the future.
The earnings call provided insights into the company's strategic direction and future plans. Management expressed optimism about leveraging the combined resources and expertise to drive growth and deliver value to shareholders.
Overall, the call highlighted a positive outlook for Runway Growth Finance Corp. as it navigates this new chapter under BC Partners Credit's management. The focus remains on maximizing the benefits of the acquisition while maintaining a commitment to growth and innovation in the financial sector.
For further details, full earnings call transcripts are available for those interested in a deeper dive into the company's performance and strategic initiatives.
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