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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) reported its Q1 2021 financial results, showcasing a net investment income of $8.9 million ($0.29 per share) and a net increase in net assets of $11.9 million ($0.38 per share). The company declared a second quarter distribution of $0.36 per share, payable on June 30, 2021. TPVG secured $192.2 million in term sheets and closed $90.4 million in new debt commitments. The portfolio exhibited a 13.3% yield on total debt investments and a net asset value of $401.8 million ($13.00 per share) as of March 31, 2021. Liquidity stands at $466.1 million.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will release its Q1 2021 financial results on May 5, 2021, after market close. The announcement includes a conference call at 5:00 p.m. ET, hosted by CEO James P. Labe and other executives to discuss results. Investors can join by phone or via a live audio webcast, which will be archived on the Company's website for 30 days. TriplePoint is a premier financing provider for venture growth companies in tech and life sciences, focusing on customized debt financing and equity investments.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) reported strong financial results for Q4 2020, with net investment income of $11.9 million ($0.39 per share) and a fiscal year total of $47.9 million ($1.57 per share). The company realized $4.2 million in gains from equity sales and declared a special dividend of $0.10 per share. Total debt investments increased significantly, with a portfolio yield of 15.2% for Q4. As of December 31, 2020, net asset value stood at $400.4 million ($12.97 per share). Looking ahead, TPVG aims to leverage its liquidity to drive growth amid strong market demand.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has successfully closed a private notes offering of $200 million in aggregate principal amount of 4.50% Notes due March 2026. This achievement highlights the company's progress in building a diversified balance sheet, as stated by President Sajal Srivastava. The proceeds will be used to redeem existing 5.75% fixed-rate notes and to repay a portion of its revolving credit facility. The offering aims to lower capital costs and enhance liquidity.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will announce its financial results for Q4 and fiscal year 2020 after market close on March 3, 2021. The company's leadership, including CEO James P. Labe, will host a conference call at 5:00 p.m. ET to discuss these results. Investors can listen to the call via phone or through a live audio webcast on the company's website, with a replay available for 30 days post-call. The company aims to maximize returns through lending to venture growth stage companies backed by select venture capital firms.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has announced an expansion of its revolving credit facility, increasing capacity from $325 million to $350 million. This includes the addition of First Foundation Bank as a new lender. The increase leverages the accordion feature, allowing total capacity to reach up to $400 million if certain conditions are met. Borrowings will adhere to covenants under the Investment Company Act of 1940, maintaining a minimum asset coverage ratio of 150%. This expansion reflects TPVG's commitment to supporting venture growth stage companies.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has declared a special distribution of $0.10 per share, payable on January 13, 2021. This distribution is part of the estimated net capital gain income from fiscal year 2020 and is available in cash or shares via the dividend reinvestment plan. For 2020, total declared distributions reached $1.54 per share, totaling $10.06 per share since its IPO. The Company aims to maximize returns through its venture debt portfolio and warrant investments, with a reported undistributed taxable earnings of $10.0 million as of September 30, 2020.
TriplePoint Venture Growth BDC Corp. (TPVG) has announced an extension and expansion of its revolving credit facility, increasing its capacity from $300 million to $325 million. This amended facility, supported by a group of lenders including Deutsche Bank, extends the revolving period to November 30, 2022, and the maturity date to May 31, 2024. The credit facility can further increase to $400 million under specific conditions. CFO Christopher Mathieu stated this move strengthens liquidity and growth prospects for the company.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced its Q3 2020 financial results, reporting a net investment income of $12.2 million or $0.40 per share, up from $7.1 million in Q3 2019. The company declared a fourth-quarter distribution of $0.36 per share, payable on December 14, 2020. Total investment income reached $23.1 million, with a weighted average annualized portfolio yield of 14.1%. Notably, TPVG closed $86.8 million in new debt commitments, marking a fivefold increase from the previous quarter. As of September 30, 2020, net assets totaled $409.4 million, or $13.28 per share.
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will release its financial results for Q3 2020 on November 5, 2020, after market-close. The call will be led by CEO James P. Labe, President Sajal K. Srivastava, and CFO Christopher M. Mathieu at 5:00 p.m. ET. Investors can join by dialing (844) 826-3038 (domestic) or +1 (412) 317-5184 (international). A replay will be available until December 5, 2020. The Company aims to maximize stockholder returns primarily through current income and some capital appreciation by lending to venture growth stage companies.
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