Triplepoint Venture Growth BDC

TriplePoint Venture Growth BDC Corp. (the “Company”) is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. It was formed to expand the venture growth stage business segment of its sponsor, TriplePoint Capital LLC (“TriplePoint Capital”). The Company’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 in technology, life sciences and other high growth industries backed by a select group of leading venture capital investors.

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TriplePoint Venture Growth BDC Corp. reports steady performance amidst market shifts

TriplePoint Venture Growth BDC Corp. showed resilience and progress in Q2 2024, focusing on managing market shifts and enhancing financial stability.
While challenges persist in the venture capital landscape and market volatility, TPVG's strategic initiatives position it well for future growth.
With a focus on reducing leverage, improving liquidity, and making new commitments, TPVG is poised to capitalize on opportunities in diverse sectors.

TriplePoint Venture Growth BDC (TPVG) reports solid Q3 performance

TriplePoint Venture Growth BDC (TPVG) navigated Q3 2024 with resilience, capitalizing on its strong financial performance and strategic portfolio management. While facing market challenges, TPVG's cautious approach and focus on diverse investment sectors position it well for future growth opportunities.

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MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023 and the declaration by its Board of Directors of its first quarter 2024 distribution of $0.40 per sha.

TriplePoint Venture Growth BDC Corp. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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About the author:  Amit Nar is a stock market aficionado and would love to hear from you on X @alphaintelligence or at The Market Institution discord.

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MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it will release its financial results for its fourth quarter and fiscal year ended December 31, 2023 after market-close on Wednesday, March 6, 2024. James P. Labe, chief executive officer and chairman of the board, S.

TriplePoint Venture Growth BDC Corp. to Announce 2023 Fourth Quarter and Fiscal Year Financial Results on Wednesday, March 6, 2024

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Several high yielders are in danger. Some dividends are at risk. For others, it is primarily valuation. Why is taking gains so unpopular?

12% To 18% Dividend Yields In Danger

I'm locking in massive income from this "accidental high yielder." The market moves in mysterious ways, but I don't let it decide for me. Retirement needs cash to pay for your needs, we can help you find cash in the market.

I'm Getting 14% Dividends On My Last Buy: TriplePoint Venture Growth

Trinity Capital

Trinity Capital is well-positioned to offer healthy returns to shareholders in 2024 due to its diversified portfolio and high asset quality. TriplePoint's high accruals and declining portfolio value may hinder its performance. The private credit market is expected to rebound significantly in 2024, benefiting BDCs like Trinity Capital.

Trinity Capital's Outperformance Is Likely To Continue In 2024 Against TriplePoint And S&P 500 (Rating Downgrade)

TriplePoint Venture Growth has posted solid financials in 2023, beating estimates on net investment income and total investment income. The company has increased its spillover income quarter-over-quarter but has chosen to be more conservative. TPVG's NAV has been in constant decline since the start of 2022, and its non-accrual percentage is alarmingly high compared to some peers.

TriplePoint Venture Growth: This 15% Yield Is A Cautionary Tale

TriplePoint Venture Growth is a BDC that specializes in venture debt and targets companies in the growth stage. Venture debt is a growing market, reaching $47 billion in 2021, and offers high yields for investors. The company's portfolio generates high cash flow and has a strong track record, but there are risks associated with non-accruals and leverage.

TriplePoint Venture Growth: Who Can Resist The 15% Dividend Yield?

New Mountain Finance

We take a look at the action in business development companies through the third week of December and highlight some of the key themes we are watching. BDCs had a good week with a total return of around 1.5%, but underperformed the broader income market due to a low duration profile. The presence of PIK loans in BDC portfolios may indicate increased risk, but it's important to analyze the specifics of the PIK population.

BDC Weekly Review: Is PIK A Cause For Concern?

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) on behalf of long-term stockholders following a class action complaint that was filed against TriplePoint on June 16, 2023 with a Class Period from March 4, 2020 to May 1, 2023. Our investigation concerns whether the board of directors of TriplePoint have breached their fiduciary duties to the.

TRIPLEPOINT ALERT: Bragar Eagel & Squire, P.C. is Investigating TriplePoint Venture Growth BDC Corp. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

TriplePoint Venture Growth is a BDC that provides financial assistance to companies in industries like e-commerce, entertainment, technology, and life sciences. The company has a robust financial position with a solid net asset value and total liquidity. The dividend yield is currently above 15% and has been well-covered, but there are concerns about the credit quality of TPVG's portfolio.

TriplePoint Venture Growth: High Yield Is Sustainable For Now

TriplePoint Venture Growth is an externally-managed BDC that invests in debt financing for high-growth companies. It currently pays a 15% dividend yield that's well-covered by net investment income. TPVG's portfolio quality has declined, and its NAV/share performance lags behind its peers, making it a less attractive investment option at present.

TriplePoint Venture Growth: Why I'm Moving To The Sidelines

When SVB collapsed, it created a void that needed to be filled. Venture capital lending can be extremely profitable when done correctly. I'm collecting 15% from TriplePoint Venture Growth as others flee the sector.

Blood In The Streets? I'm Collecting 15% On My Capital: TriplePoint Venture Growth

TriplePoint Venture Growth is currently paying out a substantial 15.2% dividend yield. The BDC has enough spillover income to cover its base dividend for 2.6 quarters, with a year-end special payment also likely. A continued rise of loans on non-accrual status and payment-in-kind income against a high leverage ratio means TPVG will be more sensitive to possible rate cuts next year.

TriplePoint Venture Growth: I'm Skipping The 15.2% Dividend Yield In 2024

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Mortgage REITs and BDCs had varying performances in Q3 2023, with agency mortgage REITs performing the worst and BDCs performing the best. Originator/servicer mREITs and RC outperformed their peers in terms of book value changes. Investors should focus on BDCs and preferred shares for long-term positions, as they generally have fewer dividend cuts.

BDCs Vs. MREITs: High-Yield Rumble

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Business Development Companies are an important part of the U.S. financial system, providing loans to private companies and offering high yields to investors. TriplePoint Venture Growth is a small BDC with a focus on venture lending, offering high yields but with higher risks due to problematic loans. Hercules Capital is a unique and well-performing BDC with exceptional underwriting and a strong track record, making it a good investment option.

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TriplePoint Venture Growth BDC's high non-accrual ratio may deter passive income investors. However, the BDC's earnings show that it easily covered its dividend payout with net investment income, suggesting dividend sustainability. Despite the BDC's credit portfolio challenges, the stock is selling at net asset value, making it an attractive option for passive income investors.

TriplePoint Venture Growth: Now My Third-Largest BDC Position

TPVG's earnings growth continued in Q3 - NII, rose 13.3%, thanks to its floating interest rate debt investments. TPVG is undervalued vs. the BDC industry, on an earnings and NAV basis. Its top 2 rating tiers of companies held remained above 86% in Q3 '23.

TriplePoint Venture Group: 16% Well-Covered Yield, Q3 Earnings Up, Undervalued, Buy Rating

Triplepoint Venture Growth BDC Corporation (NYSE:TPVG ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants James Labe - Co-Founder, Chairman & CEO Sajal Srivastava - Co-Founder, President, CIO, Secretary, Treasurer & Director Christopher Mathieu - CFO Conference Call Participants Finian O'Shea - Wells Fargo Securities Crispin Love - Piper Sandler & Co. Christopher Nolan - Ladenburg Thalmann & Co. Casey Alexander - Compass Point Research & Trading Ryan Lynch - KBW Vilas Abraham - UBS Operator Good afternoon, ladies and gentlemen. Welcome to the TriplePoint Venture Growth BDC Corp. Third Quarter 2023 Earnings Conference Call.

Triplepoint Venture Growth BDC Corporation (TPVG) Q3 2023 Earnings Call Transcript

MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced its financial results for the third quarter ended September 30, 2023 and the declaration by its Board of Directors of its fourth quarter 2023 distribution of $0.40 per share. Third Quart.

TriplePoint Venture Growth BDC Corp. Announces Third Quarter 2023 Financial Results

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Interest rates are soaring, the economy faces many challenges and the Federal Reserve remains aggressive in its campaign to stamp out inflation. Amid this uncertainty, investors are turning to dividend stocks for solid income during these worrisome times.

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MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it will release its financial results for its third quarter ended September 30, 2023 after market-close on Wednesday, November 1, 2023. James P. Labe, chief executive officer and chairman of the board, Sajal K. Sriva.

TriplePoint Venture Growth BDC Corp. to Announce 2023 Third Quarter Financial Results on Wednesday, November 1, 2023

TriplePoint Venture Growth saw a surge in problematic loans in its portfolio in Q1'23 and Q2'23, which could lead to a dividend cut going forward. The BDC's poor loan quality and high non-accrual percentage raise concerns for dividend investors. Comparisons with rival Hercules Capital show that TriplePoint Venture is an inferior choice in terms of portfolio quality.

TriplePoint Venture: This 15.8% Yield May Be Too Risky

American innovation has led to many investment opportunities in start-up companies. The venture capital sector saw several headwinds early in the year that had ripple effects throughout the start-up world. You can earn a massive income by helping to provide liquidity to young firms with TriplePoint Venture Growth.

Bank On U.S. Innovation With 15% Yield: TriplePoint Venture Growth

TriplePoint Venture Growth had a solid last quarter at first glance. Despite growing investment income, TPVG's significant net unrealized losses put the company's viability under question. TPVG has a supermarket balance sheet, a growing percentage of distressed investments, and a too-large portion of its debt portfolio that carries fixed interest. Rising net investment income, generous dividend yield, and 50% margin of safety are not enough to consider TPVG investable. In conclusion, I give TPVG a sell rating.

TriplePoint Venture Growth: Luring Yield, But Cheap For A Reason

News for Triplepoint Venture Growth BDC ETF (TPVG)