Michael Rovner Joins Runway Growth Capital as Co-CEO

Rovner arrives from BC Partners, where he served as a Managing Director following their 2023 purchase of Ovation Partners. As the co-founder and former CEO of Ovation, Rovner brings a deep history in asset-backed lending that aligns with Runway’s focus on providing debt financing as an alternative to equity dilution. His appointment is intended to strengthen the firm's operational scale and broaden the range of capital solutions available to its growth-stage portfolio companies.

His career includes a tenure as a partner at Austin Ventures and early-stage roles at companies like Mission Critical Software, which saw a successful NASDAQ exit. Spreng, who has led Runway since its inception, emphasized that Rovner’s arrival reinforces the firm’s credit-first underwriting standards. The partnership aims to leverage their combined expertise to manage a portfolio that currently provides senior term loans ranging from $10 million to $150 million to companies across the United States and Canada.