Runway Growth Capital, a provider of growth loans to venture and non-venture–backed companies, promoted Avisha Khubani, to chief credit officer and appointed John D. (JD) Tamas as managing director, focused on the healthcare and life sciences industries.
In her new role, Khubani will help oversee Runway’s credit function, including portfolio monitoring, valuation, and ongoing risk management, while working with the investment team to support the firm’s disciplined credit strategy. Tamas joins Runway’s investment team following Runway Growth Finance’s recent acquisition of SWK, helping to expand the firm’s capabilities and relationships across the healthcare and life sciences sectors.
“Avisha has played a critical role in building and scaling our portfolio analytics and credit capabilities over the past eight years, and her promotion reflects her exceptional judgment, analytical rigor and leadership,” David Spreng, founder, CEO and chief investment officer of Runway Growth Capital, said. “We’re also excited to welcome JD, whose experience underwriting and investing across healthcare and life sciences strengthens our investment capabilities.”
Khubani, who most recently served as managing director, portfolio analytics, joined Runway in October 2018 and has held roles of increasing responsibility across portfolio valuation, analytics and portfolio monitoring and management. Before joining Runway, she was a vice president at Duff & Phelps in the portfolio valuation service line, where she performed valuations of portfolios of illiquid equity interests held by large private equity funds and valued complex portfolios of private loans and equity.
“I’m excited to step into this role and continue working with such a thoughtful and talented team,” Khubani said. “Runway has always taken a disciplined, partnership-oriented approach, and I look forward to building on that as we support our portfolio companies and investors.”
Tamas joins Runway as managing director, focused on the healthcare and life sciences industries. He previously served as director of underwriting at SWK and has held investment roles across the private credit and structured finance markets, including at NXT Capital and Orix.
“I’m eager to join Runway and contribute to its continued growth with my experience structuring healthcare-focused credit investments,” Tamas said. “I look forward to helping expand the firm’s network and capabilities across healthcare and life sciences.”
Khubani received her M.B.A. from New York University Stern School of Business and her undergraduate degree from Montclair State University. Tamas holds an M.B.A. from The Wharton School and an undergraduate degree from the University of Arkansas.
