SCHEDULE: Oaktree Entities Divest 1 Million Shares of Runway Growth Finance Corp. Common Stock

Sentiment:

Ownership Change Disclosure 3 July 2025 4:19 PM

📋All filings for Runway Growth Finance CORP

Oaktree Capital Management entities have reduced their stake in Runway Growth Finance Corp. by selling 1,000,000 shares of common stock for $10.45 per share.

Worse than expectedThe sale of 1,000,000 shares by a significant beneficial owner like Oaktree entities, representing a reduction in their stake, can be perceived negatively by the market as it may signal a lack of conviction or a strategic divestment, potentially leading to downward pressure on the stock price.

Summary

OCM Growth Holdings LLC, Oaktree Capital Holdings, LLC, and Oaktree Capital Group Holdings GP, LLC (collectively, the "Reporting Persons") beneficially own 8,779,668 shares of Runway Growth Finance Corp. Common Stock.
This ownership represents approximately 23.51% of the 37,347,428 shares of Common Stock outstanding as of May 8, 2025, as reported in the Issuer's Form 10-Q filed on May 12, 2025.
On July 1, 2025, the Reporting Persons sold an aggregate of 1,000,000 shares of Common Stock at a price of $10.45 per share through a Rule 144 block sale.
This filing is Amendment No. 19 to the original Schedule 13D filed on December 28, 2016, updating the beneficial ownership information.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a significant block sale by a major institutional investor, which could be interpreted as a reduction in confidence or a strategic divestment, potentially impacting market perception and share price.

Negatives

A significant reduction in ownership by a major institutional investor (Oaktree entities) through the sale of 1,000,000 shares.
The sale could be interpreted by the market as a lack of confidence or a strategic divestment, potentially putting downward pressure on the stock price.

Risks

Potential negative market reaction to a large block sale by a significant holder, which could lead to decreased investor confidence.
Reduced institutional ownership might decrease liquidity or investor interest in the stock.

Future Outlook

Industry Context

This filing reflects a change in institutional ownership for Runway Growth Finance Corp., a business development company (BDC) focused on venture debt. While specific industry trends are not detailed, a reduction in stake by a major financial institution like Oaktree could be observed by other investors in the BDC sector as they assess portfolio strategies.

Stakeholder Impact

Shareholders: Potential negative impact on share price due to reduced institutional ownership and perceived lack of confidence from a major investor.

Key Dates

Date	Description
2016-12-28	Original Schedule 13D filing date.
2025-05-08	Date as of which 37,347,428 shares of common stock were outstanding, as reported in the Issuer's Form 10-Q.
2025-05-12	Date the Issuer's Form 10-Q was filed with the SEC.
2025-07-01	Date of event requiring filing of this statement; Reporting Persons sold 1,000,000 shares of Common Stock.
2025-07-03	Signature date of Amendment No. 19 to Schedule 13D.

Recommendation

hold

Keywords

Runway Growth Finance Corp., OCM Growth Holdings LLC, Oaktree Capital Management, Schedule 13D, Common Stock, Share Sale, Institutional Ownership, SEC Filing, Block Sale, Investment

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