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TRIPLEPOINT VENTURE GROWTH BDC CORP. - TPVG STOCK NEWS

Welcome to our dedicated page for TRIPLEPOINT VENTURE GROWTH BDC news (Ticker: TPVG), a resource for investors and traders seeking the latest updates and insights on TRIPLEPOINT VENTURE GROWTH BDC stock.

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.

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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) is set to announce its financial results for the fourth quarter and fiscal year ending December 31, 2022 after market close on March 1, 2023. During a conference call at 5:00 p.m. ET, CEO James P. Labe and other executives will discuss the results. Investors can join the call by dialing (844) 826-3038 domestically or +1 (412) 317-5184 internationally. The call will also be available via a live audio webcast on the Company’s website, with a replay accessible until April 1, 2023.

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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) declared a special distribution of $0.10 per share, payable on December 30, 2022, to shareholders on record as of December 22, 2022. This special distribution contributes to the total declared distributions of $1.55 per share in 2022, bringing the cumulative amount since its IPO to $13.05 per share. The company has an estimated $18.5 million undistributed taxable income as of September 30, 2022. Shareholders can choose to receive the payment in cash or reinvest in shares.

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TriplePoint Venture Growth BDC Corp. (TPVG) announced a record portfolio fair value of $962 million and net investment income of $0.51 per share for Q3 2022. The Board declared a $0.37 per share distribution for Q4 2022, up from $0.36. Key highlights include signing $268.8 million in term sheets, closing $103.3 million in new debt commitments, and a 15.4% return on average equity. Despite net realized losses of $13.2 million, TPVG remains well-positioned with $244 million in liquidity and a 1.15x leverage ratio.

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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced its third-quarter financial results will be released on November 2, 2022, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO James P. Labe and other executives. Investors can join via phone or a live audio webcast available on the company's website. TriplePoint focuses on providing customized debt financing and equity investments to venture growth stage companies in technology and other high-growth sectors, backed by leading venture capital firms.

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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has priced an underwritten offering of 3,750,000 shares of its common stock at $13.75 per share, aiming for gross proceeds of approximately $51.56 million. The offering is set to close on or about August 9, 2022. Proceeds will primarily be used to repay debt under its credit facility, with plans to re-borrow and invest according to its strategies. The underwriters have an option to purchase an additional 562,500 shares. The offering is under a shelf registration statement effective with the SEC.

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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced an underwritten offering of 3,750,000 shares of common stock, with a possible additional 562,500 shares for underwriters. The net proceeds will be primarily used to repay outstanding debt from its credit facility, with plans to re-borrow for investments and corporate expenses. The offering is backed by Wells Fargo Securities, Morgan Stanley, and other financial institutions. A shelf registration statement is filed with the SEC. Investors are encouraged to read the accompanying prospectus for detailed information.

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TriplePoint Venture Growth BDC Corp. (TPVG) reported strong financial results for Q2 2022, achieving a record portfolio fair value of $877 million and net investment income of $0.41 per share.

The company declared a third-quarter distribution of $0.36 per share, payable on September 30, 2022. Key metrics include $803.6 million in signed term sheets, $259.9 million in new debt commitments, and a 14.5% weighted average portfolio yield. The net asset value was $404.3 million, or $13.01 per share, at quarter-end.

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TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) announced an amendment to its revolving credit facility, extending the revolving period to May 31, 2024, and the maturity date to November 30, 2025. The facility currently offers $350 million in total commitments, with an option to increase it to $400 million. CFO Christopher M. Mathieu expressed appreciation for their banking group's support, emphasizing the company's strong position to meet demand for debt financing solutions.

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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) will release its financial results for the second quarter ended June 30, 2022, after market close on August 3, 2022. A conference call with CEO James P. Labe, President Sajal K. Srivastava, and CFO Christopher M. Mathieu will take place at 5:00 p.m. ET the same day to discuss the results. Investors can dial in or access a live audio webcast via the company's website. A replay will be available until September 3, 2022.

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TriplePoint Venture Growth BDC Corp. (TPVG) reported a net investment income of $13.5 million, or $0.44 per share, for Q1 2022, an increase from the previous quarter's $12.9 million or $0.42 per share. The company declared a second quarter distribution of $0.36 per share and achieved a 15.5% annualized portfolio yield. They signed $656.6 million in term sheets and funded $62.7 million in new debt commitments. However, net realized losses of $3.1 million on investments were recorded, with an ending net asset value of $429.5 million as of March 31, 2022.

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FAQ

What is the current stock price of TRIPLEPOINT VENTURE GROWTH BDC (TPVG)?

The current stock price of TRIPLEPOINT VENTURE GROWTH BDC (TPVG) is $7.52 as of January 9, 2025.

What is the market cap of TRIPLEPOINT VENTURE GROWTH BDC (TPVG)?

The market cap of TRIPLEPOINT VENTURE GROWTH BDC (TPVG) is approximately 301.2M.

What is TriplePoint Venture Growth BDC Corp.'s main investment objective?

TPVG aims to maximize total return to stockholders, primarily through current income and capital appreciation.

Which sectors does TPVG invest in?

TPVG invests in biofuels, business application software, wireless communications, e-commerce, clothing and accessories, conferencing equipment, personal goods, financial institutions, entertainment, mixed retailing, and healthcare services.

Where does TPVG operate?

TPVG operates entirely within the United States.

Who recently joined Revelation Partners from TPVG?

Andrew Olson recently joined Revelation Partners as Partner, CFO, and COO. He was previously the CFO at TriplePoint Capital and TriplePoint Venture Growth.

What are the recent achievements of TPVG?

Recent achievements include strategic investments, the addition of key personnel in related firms, and maintaining a solid portfolio across multiple high-growth sectors.

How does TPVG support its portfolio companies?

TPVG provides significant growth capital and leverages its industry expertise to support entrepreneurial ventures through various stages of their development.

What is the geographical focus of TPVG's investments?

All of TPVG's operations and investments are focused within the United States.

What recent personnel changes have been notable in TPVG's related firms?

A notable change includes Andrew Olson's transition to Revelation Partners, enhancing the firm's technical expertise and investment model.

How frequently does TPVG update its shareholders?

TPVG frequently updates its shareholders with the latest developments to ensure transparency and maintain investor confidence.
TRIPLEPOINT VENTURE GROWTH BDC CORP.

NYSE:TPVG

TPVG Rankings

TPVG Stock Data

301.17M
39.48M
1.41%
15.63%
4.85%
Asset Management
Financial Services
United States of America
MENLO PARK