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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) announced that CFO Christopher M. Mathieu will retire effective August 9, 2024, but will continue as an advisor until December 31, 2024. Mathieu, who has been with TPVG since July 2019, is lauded for his industry knowledge and contributions to the company's growth. TPVG has initiated the search for his successor. Additionally, TPVG will announce its 2024 Q2 financial results on August 7, 2024, and hold a conference call at 5:00 p.m. Eastern Time the same day.

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TriplePoint Venture Growth BDC Corp. announced its Q1 2024 financial results, achieving $0.41 per share in net investment income and a 15.4% portfolio yield on debt investments. The company declared a second quarter 2024 distribution of $0.40 per share. Highlights include $130.5M signed term sheets, $10.0M new debt commitments, $13.5M in debt investments to three portfolio companies, $30.8M loan principal prepayments, and raising $583.6M in private financings. Net asset value stands at $341.3M, with total liquidity of $311.8M. The company's focus remains on increasing investment activity in venture growth stage companies.

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TriplePoint Venture Growth BDC Corp. (TPVG) will announce its 2024 first quarter financial results on May 1, 2024. The Company, a leading financing provider to venture growth stage companies, will host a conference call to discuss the results. Investors and analysts can dial in to listen and a replay will be available. The call will also be live-streamed on the Company's website.
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TriplePoint Venture Growth BDC Corp. achieved a net investment income of $2.07 per share for fiscal year 2023, with a 15.6% portfolio yield on debt investments for the fourth quarter and 15.4% for the fiscal year. The company declared a first quarter 2024 distribution of $0.40 per share. Highlights include funding debt investments, loan principal prepayments, and achieving a 15.6% weighted average annualized portfolio yield on debt investments for the quarter. The company raised net proceeds under the at-the-market equity offering program, with a net asset value of $9.21 per share as of December 31, 2023. Fiscal year 2023 saw net investment income of $2.07 per share, total investment income of $137.5 million, and signed term sheets with venture growth stage companies. The company's credit quality, liquidity, and capital resources were also detailed.
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TriplePoint Venture Growth BDC Corp. (TPVG) announced the release of its financial results for Q4 and fiscal year 2023. The Company will host a conference call to discuss the results, led by key executives. Investors can listen to the call and access a replay via phone or live webcast on the Company's website.
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Revelation Partners (NYSE: RP) announced the addition of Andrew Olson as Partner, Chief Financial Officer and Chief Operating Officer. With over $1.5 billion of capital under management, the firm has recently closed its $608 million Fund IV, reflecting the growing deal activity in private healthcare companies. Andrew Olson brings 17 years of experience in leadership roles in private and public companies, enhancing the firm's technical expertise and supporting its differentiated investment model.
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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced its financial results for Q3 2023, reporting a net investment income of $0.54 per share. The company also declared a Q4 2023 distribution of $0.40 per share. Highlights include signed term sheets of $58.1 million, $12.7 million in debt investments to five portfolio companies, and $37.3 million of loan principal prepayments. The company achieved a 15.1% weighted average annualized portfolio yield on total debt investments for the quarter.
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TriplePoint Venture Growth BDC Corp. to release Q3 2023 financial results
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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced a net investment income of $0.53 per share for the second quarter, with a third quarter 2023 distribution of $0.40 per share. Highlights include $114.0 million of term sheets signed, $30.6 million in debt investments funded, and a 14.7% weighted average annualized portfolio yield. The company also achieved a 14.7% return on average equity, and declared a third quarter distribution of $0.40 per share.
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FAQ

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

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TPVG Stock Data

313.74M
37.85M
1.4%
14.57%
7.44%
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