- Pritchard was previously a managing director at BlackRock
- Prior to BlackRock, he was a managing director at Hercules Capital
- Runway Growth Capital makes loans to VC-backed companies and others
Runway Growth Capital, a provider of growth loans to both venture and non-venture backed companies, has hired Brad Pritchard as managing director of technology.
Pritchard will primarily make investments in the broader technology industry, including in companies focused on sustainability. Additionally, he will target top venture capital firms and the management teams of leading late-stage technology companies.
“Brad is an expert in building rapport with management teams and helping them optimize their capital structure,” Runway CEO David Spreng said in a statement. “His network and industry knowledge will bolster new and existing relationships, help keep Runway top-of-mind with companies seeking the flexible financing that venture debt offers, and significantly deepen our bench strength in technology origination.”
Before Runway, Pritchard was a managing director at BlackRock for more than eight years and led its global venture lending efforts. As part of BlackRock’s U.S. Private Capital group, Pritchard originated, executed, and managed new investment opportunities in technology and technology-related companies. Before joining BlackRock, he was a managing director at Hercules Capital, a venture lending BDC.
Runway Growth Capital provides senior term loans of $10 million to $75 million to fast-growing companies based in the US and Canada.