Triplepoint Venture Growth BDC Corp
F:6JS

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Triplepoint Venture Growth BDC Corp Logo
Triplepoint Venture Growth BDC Corp
F:6JS
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Price: 4.105 EUR 0.66% Market Closed
Market Cap: €145.5m

Triplepoint Venture Growth BDC Corp
Investor Relations

TriplePoint Venture Growth BDC Corp is a business development company that makes loans to venture-backed growth companies, mainly in technology and life sciences. It does not sell products to consumers; instead, it provides debt capital to young companies that already have venture investors and need extra funding to keep growing without giving up as much ownership as they would with more stock financing. Its main customers are private, high-growth businesses, often sponsored by venture capital firms. The company makes money by charging interest, upfront fees, and other loan-related income on the debt it provides. In simple terms, it acts like a specialized lender in the venture capital world, sitting between startup equity funding and traditional bank lending. What makes the business different is its focus on a narrow part of the market: venture growth companies that are often too early or too specialized for regular bank loans. That focus gives TriplePoint access to borrowers that need flexible financing and are willing to pay for it, while the company uses structured loans rather than taking direct ownership in the businesses it finances.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Dividend covered: TPVG reported NII of $0.23 per share, which fully covered its $0.23 dividend for the quarter.

Portfolio yield up: The weighted average annualized portfolio yield rose to 13.5% from 12.7% last quarter, helped by amendments and prepayment income.

Balance sheet improved: Gross leverage fell to 1.27x from 1.33x, and unfunded commitments declined 20% to $207 million.

Credit mixed: Three consumer-related portfolio companies were downgraded, but warrant and equity gains, especially Revolut, helped offset the impact.

AI focus: Management said it remains most interested in AI-linked lending and sees AI as a tailwind for both new originations and the equity/warrant book.

Shareholder returns: The adviser waived its full quarterly income incentive fee for 2026, and the board authorized a 12-month buyback program of up to $12.5 million.

Key Financials
Net investment income per share
$0.23
Dividend per share
$0.23
Total investment and other income
$22.8 million
Weighted average annualized portfolio yield
13.5%
Debt investment fundings
$26.5 million
Debt investment fundings count
7 companies
New commitments
$1 million
Signed term sheets
$256 million
Loan prepays
$23.6 million
Net asset value per share
$8.65
Operating expenses
$13.2 million
Liquidity
$112 million
Cash
$9 million
Revolving credit facility availability
$103 million
Gross leverage ratio
1.27x
Net leverage ratio
1.25x
Unfunded commitments
$207 million
Fixed-rate debt mix
56%
Warrant and equity fair value
$144 million
Warrant positions
117 companies
Equity investments
60 companies
Buyback program
up to $12.5 million
Income incentive fee waiver
full quarterly income incentive fee
Investment-grade credit rating
BBB low
Observe AI loan prepayment
$16 million
Portfolio obligor count
55
Earnings Call Recording
Other Earnings Calls

Management

Mr. James Peter Labe
Co-Founder, Chairman & CEO
No Bio Available
Mr. Sajal K. Srivastava
Co-Founder, President, Chief Investment Officer, Secretary, Treasurer & Director
No Bio Available
Mr. Matthew A. Galiani
Interim CFO & Controller
No Bio Available
Mr. Steven Mitchell Levinson
Chief Compliance Officer
No Bio Available

Contacts

Address
CALIFORNIA
Menlo Park
2755 Sand Hill Rd Ste 150
Contacts
+16508542090.0
www.tpvg.com
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