Runway Growth promotes head of credit to CIO

Runway Growth Capital has appointed Greg Greifeld as chief investment officer.

Greifeld previously served as managing director, deputy chief investment officer, and head of credit at Runway.

In his new role, he will take on more responsibility for Runway’s investment decisions, including working to enhance underwriting discipline, expand industry relationships, and identify strategic growth opportunities, the company said.

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“Greg’s leadership and deep understanding of growth lending markets have been instrumental to Runway’s success,” said David Spreng, founder and chief executive officer of Runway.

“As chief investment officer, Greg will continue to shape and strengthen our investment strategy, ensuring we provide the most effective capital solutions for our borrowers while delivering strong returns for our investors.

“His expertise in structuring deals and managing risk has made him an invaluable leader within our firm.”

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Runway Growth Capital is a specialty finance company which provides growth loans to venture and non-venture backed companies seeking an alternative to raising equity. Its funds provide senior term loans with a target of $10m (£7.9m) to $150m to fast-growing companies based in the US and Canada.

“It’s an honour to step into the role of chief investment officer at Runway,” added Greifeld.

“Runway has built a best-in-class investment platform that provides critical growth capital to innovative companies. I look forward to leading our investment team as we continue to support entrepreneurs and scale businesses in a disciplined, risk-aware manner.”

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