Runway Growth Capital, a provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, has closed a senior secured term loan commitment of USD75 million to VertexOne, a specialist in SaaS platforms for critical business processes of utilities across North America.
VertexOne is an example of a private equity-backed company utilising venture debt to help achieve its growth goals. Runway is being increasingly called upon by private equity firms to structure flexible debt solutions that enable their portfolio companies to develop their businesses.
