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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. (NYSE: TPVG) will announce its Q1 financial results on May 4, 2022, after market close. CEO James P. Labe, along with other executives, will hold a conference call at 5:00 p.m. ET on the same day to discuss the results. Investors can join the call by dialing provided numbers or listening through a live audio webcast on the company's website. A replay of the call will be available until June 4, 2022. TriplePoint focuses on customized debt financing for venture growth-stage companies in technology and high-growth industries.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has received a reaffirmation of its BBB investment grade rating from DBRS, along with a stable trend outlook. This rating highlights TPVG's strong franchise, extensive underwriting experience, and earnings potential. DBRS noted TPVG's robust access to TriplePoint Capital's global lending platform, sound leverage management, and solid debt maturity profile. The reaffirmation supports TPVG's strategy to leverage funding for portfolio growth and maximize shareholder returns.
TriplePoint Venture Growth BDC Corp. (TPVG) reported a record portfolio fair value of $865 million and net investment income of $12.9 million or $0.42 per share for Q4 2021. The company declared a Q1 2022 distribution of $0.36 per share.
Key highlights include $724.9 million in signed term sheets and $232.3 million in closed debt commitments. The net asset value increased to $434.5 million, or $14.01 per share.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced the successful closing of a private notes offering totaling $125.0 million in 5.00% Notes due February 2027. This marks the company’s third investment-grade notes offering, enhancing its financial flexibility. The notes are unsecured, with a maturity date of February 28, 2027, redeemable at the company's option. Net proceeds will be used to reduce borrowings under a $350.0 million credit facility and for general corporate purposes. The offering was solely placed by Goldman Sachs & Co. LLC.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will announce its fourth quarter and fiscal year financial results for the period ending
TriplePoint Venture Growth BDC Corp. (TPVG) announced the appointment of Katherine Park and Kimberley Vogel to its board of directors, effective December 17, 2021. This expansion brings the board to 8 members, with 6 being independent. The CEO, Jim Labe, expressed enthusiasm about the new members joining at a time of strong demand for venture growth stage company financing. Both appointees have extensive backgrounds in finance and investment management, aiming to enhance the company's strategic direction and capitalize on the robust venture capital market.
TriplePoint Venture Growth BDC Corp. (TPVG) reported a record portfolio fair value of $767 million and a quarterly net asset value (NAV) per share increase of $0.89 to $13.92 for Q3 2021. The company declared a $0.36 per share distribution for Q4 2021, payable on December 15, 2021. Highlights include a net investment income of $9.9 million or $0.32 per share, a net increase in net assets of $38.9 million, and a leverage ratio of 0.82x. The company also achieved a 12.3% weighted average yield on total debt investments.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will release its financial results for Q3 2021 on November 3, 2021, after market close. A conference call with CEO James P. Labe and other executives is scheduled for the same day at 5:00 PM ET to discuss the results. Interested parties can listen by calling designated numbers or via a live audio webcast available on their website. The company focuses on providing specialized debt financing to high-growth venture-backed firms, contributing significantly to the technology and life sciences sectors.
TriplePoint Venture Growth BDC Corp. (TPVG) announced its Q2 2021 financial results and declared a distribution of $0.36 per share for Q3 2021. Key highlights include:
- Net investment income of $9.4 million ($0.30 per share) and total income of $20.3 million.
- Increased net assets to $403.1 million ($13.03 per share) and a leverage ratio of 0.67x.
- Signed $250.8 million in term sheets with venture growth companies.
- Portfolio companies raised over $600 million.
TPVG remains positioned to benefit from strong market demand.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will release its financial results for the second quarter on August 4, 2021, post-market. The conference call, hosted by CEO James P. Labe and other executives, is scheduled for 5:00 PM ET. Investors can join by calling (844) 826-3038 domestically or +1 (412)-317-5184 internationally. A replay will be available until September 3, 2021. TriplePoint specializes in customized debt financing and equity investments in growth-stage companies across various high-growth sectors.
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