Triplepoint Venture Growth BDC Corp
NYSE:TPVG
Triplepoint Venture Growth BDC Corp
Triplepoint Venture Growth BDC Corp is a US-based company operating in Capital Markets industry. The company is headquartered in Menlo Park, California and currently employs 0 full-time employees. The company went IPO on 2014-03-06. TriplePoint Venture Growth BDC Corp. is an externally managed, closed-end, non-diversified management investment company. The firm's investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused on technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC's (TPC) select group of venture capital investors. The firm targets investment opportunities in venture growth stage companies backed by venture capital investors. The firm originates and invests primarily in loans that have a secured collateral position and are used by venture growth stage companies to finance their continued expansion and growth, equipment financings and, on a select basis, revolving loans. The firm is managed by TriplePoint Advisers LLC.
Triplepoint Venture Growth BDC Corp is a US-based company operating in Capital Markets industry. The company is headquartered in Menlo Park, California and currently employs 0 full-time employees. The company went IPO on 2014-03-06. TriplePoint Venture Growth BDC Corp. is an externally managed, closed-end, non-diversified management investment company. The firm's investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused on technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC's (TPC) select group of venture capital investors. The firm targets investment opportunities in venture growth stage companies backed by venture capital investors. The firm originates and invests primarily in loans that have a secured collateral position and are used by venture growth stage companies to finance their continued expansion and growth, equipment financings and, on a select basis, revolving loans. The firm is managed by TriplePoint Advisers LLC.
Record Investment Activity: TPVG reported its highest level of debt commitments and fundings in 11 quarters, significantly exceeding guidance and driven by strong demand from venture growth stage companies.
Portfolio Growth: The debt investment portfolio grew by over $73 million in Q3, reaching $737 million at cost and marking the third consecutive quarter of portfolio growth.
Net Asset Value: NAV increased to $8.79 per share, up from $8.65 last quarter.
Yield Trends: New funded investments carried a weighted average annualized yield of 11.5%, down from 12.3% last quarter, reflecting a shift toward larger, more mature, lower-yield borrowers.
Credit Quality: Credit metrics were mostly stable, with some upgrades and downgrades; management highlighted positive recoveries and ongoing focus on credit discipline.
Capital Management: TPVG is focused on maintaining liquidity and leverage ratios ahead of a $200 million debt maturity in early 2026, with plans to refinance using both new notes and revolver capacity.
Fee Waiver: Adviser continued to waive income incentive fees, which will continue through all of 2026, supporting higher net investment income.
Guidance: Funding guidance for Q4 and early 2026 remains unchanged at $25–$50 million per quarter due to liquidity and leverage considerations.
