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TriplePoint Venture Growth BDC Corp. (TPVG) is a closed-end, non-diversified management investment company focused on maximizing total return for its stockholders. The company's primary objective is to generate current income and, to a lesser extent, capital appreciation. TPVG targets investments in a diverse array of fields including biofuels, business application software, wireless communications, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions, entertainment, mixed retailing, and healthcare services.
Based in Sausalito, California, TriplePoint Venture Growth operates entirely within the United States. The firm is renowned for its strategic investments, providing significant growth capital, and supporting entrepreneurial ventures through various stages of their development. TPVG leverages its deep industry expertise to identify opportunities that promise substantial returns.
One of the recent highlights includes the addition of Andrew Olson as Partner, Chief Financial Officer, and Chief Operating Officer at Revelation Partners, a healthcare investment firm with over $1.5 billion in managed capital. Mr. Olson's extensive experience in venture capital and funds management is expected to enhance Revelation Partners' technical expertise and support its differentiated investment model.
Financially, TPVG continues to demonstrate robust performance. Its strategic choices and investment acumen have led to a solid portfolio that spans multiple high-growth sectors. The company frequently updates its stakeholders with the latest developments, ensuring transparency and maintaining investor confidence.
For more information about TriplePoint Venture Growth BDC Corp., visit their official website or follow their latest news updates to stay informed about their performance, events, and ongoing projects.
TriplePoint Venture Growth BDC Corp. (TPVG) will announce its first-quarter financial results for the period ending March 31, 2023, after market-close on May 3, 2023. A conference call will be held at 5:00 p.m. ET on the same day, featuring key executives including CEO James P. Labe and CFO Christopher M. Mathieu. Investors can participate by dialing in or via live audio webcast on the company’s website. The call will be archived for one year. TriplePoint specializes in offering customized debt financing and equity investments to venture growth-stage companies in high-growth sectors, backed by leading venture capital firms. For more information, visit www.tpvg.com.
TriplePoint Venture Growth BDC Corp. (TPVG) announced record financial results for Q4 and FY 2022, achieving net investment income of $20.5 million ($0.58 per share) in Q4 and $63.6 million ($1.94 per share) for the year. Total investment income reached $34.9 million in Q4 and $119.4 million for FY 2022. Following these results, the board declared an 8% increase in the first-quarter distribution to $0.40 per share. The company also reported a net asset value of $419.9 million ($11.88 per share) and a 1.36x leverage ratio. During 2022, TPVG signed $1.95 billion in term sheets and funded $416.6 million in debt investments, highlighting robust growth despite net realized losses on investments totaling $29 million in Q4.
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