What TriplePoint Venture Growth BDC Corp. does.

We are an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company, or “BDC,” under the Investment Company Act of 1940, as amended, or the “1940 Act.” We have also elected to be treated, and intend to qualify annually, as a regulated investment company, or “RIC,” under Subchapter M of the Internal Revenue Code of 1986, as amended, or the “Code,” for U.S. federal income tax purposes.

We were formed as a Maryland corporation on June 28, 2013 to expand the venture growth stage business segment of TPC’s investment platform. Our investment objective is to maximize our total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by lending, typically with warrants, primarily to venture growth stage companies focused in technology and other high growth industries backed by TPC’s select group of leading venture capital investors.

We originate and invest primarily in loans that have a secured collateral position and are generally used by venture growth stage companies to finance their continued expansion and growth, and, on a select basis, equipment financings and revolving loans, together with, in many cases, attached equity “kickers” in the form of warrant investments, and direct equity investments to venture capital-backed companies. We underwrite our investments seeking an unlevered yield-to-maturity on our growth capital loans and equipment financings generally ranging from 10% to 18% and on our revolving loans generally ranging from 1% to 10% above the applicable Prime Rate, or a market margin above SOFR-indexed loans in each case, with potential for higher returns in the event we are able to exercise warrant investments and realize gains or sell our related equity investments at a profit. We also generally underwrite our secured loans seeking a loan-to-enterprise value of less than 25%.

Revenue and profit, by fiscal year.

More on TPVG.

• TriplePoint Venture Growth BDC Corp. summary
• TriplePoint Venture Growth BDC Corp. financial statements
• TriplePoint Venture Growth BDC Corp. key metrics
• TriplePoint Venture Growth BDC Corp. health scores and style box
• TriplePoint Venture Growth BDC Corp. earnings
• TriplePoint Venture Growth BDC Corp. dividends
• TriplePoint Venture Growth BDC Corp. valuation
• TriplePoint Venture Growth BDC Corp. ownership and insiders
• TriplePoint Venture Growth BDC Corp. peers

Figures from TriplePoint Venture Growth BDC Corp.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.