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Runway Growth Capital Adds Rob Lake to Head its New Life Sciences Practice

Runway Growth Capital Adds Rob Lake to Head its New Life Sciences Practice, Runway Growth Capital

Runway Growth Capital, a leading venture debt provider, announced that it has hired Rob Lake as a Managing Director and the head of the company's new Life Sciences practice.

Prior to joining Runway, Lake spent 5 years at Bridge Bank, a division of Western Alliance, during which he founded and led the company’s life sciences practice. As the head of Bridge Bank’s life sciences practice, he oversaw business development, maintaining asset quality, and managing the division's P&L. Additionally, Lake has previously held positions at Oxford Finance, Silicon Valley Bank, The FINOVA Group, and the American Medical Association.

In a press release, Runway Growth Capital CEO David Spreng said, "Rob is an exceptional culture fit for our Company, given his commitment to his teams and helping borrowers in the life science space achieve their business goals. What sets Rob apart is his results-oriented approach and more than 20 years of success underwriting and closing new business, while managing and maintaining the credit quality of large, complex loan portfolios of early-to-late stage life sciences companies."

Lake stated, "I've spent the last few years helping a technology-focused venture bank launch, build, and grow their expertise in the life sciences vertical, and I'm excited to bring this deep institutional and sector knowledge to Runway's new life sciences practice."

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