TriplePoint Venture Growth BDC Corp is a business development company specializing investments in growth stage. It also provides debt financing to venture growth space companies which includes growth capital loans, equipment financings, revolving loans, and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It does not take board seat in the company.
IPO Year: 2014
Exchange: NYSE
Website: tpvg.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2025 | $7.50 → $6.50 | Equal Weight → Underweight | Wells Fargo |
| 11/7/2024 | $8.00 → $7.50 | Underperform → Mkt Perform | Keefe Bruyette |
| 8/9/2024 | $8.50 → $8.00 | Buy → Neutral | Ladenburg Thalmann |
| 5/29/2024 | $9.50 → $8.50 | Equal Weight → Underweight | Wells Fargo |
| 3/22/2024 | $8.75 | Sell → Neutral | Compass Point |
| 3/7/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/7/2024 | $8.75 | Neutral → Sell | Compass Point |
| 8/23/2023 | Sell → Neutral | Compass Point | |
| 8/3/2023 | $9.75 | Neutral → Sell | Compass Point |
| 5/4/2023 | $12.00 → $10.00 | Overweight → Equal Weight | Wells Fargo |
Wells Fargo downgraded TriplePoint Venture Growth from Equal Weight to Underweight and set a new price target of $6.50 from $7.50 previously
Keefe Bruyette upgraded TriplePoint Venture Growth from Underperform to Mkt Perform and set a new price target of $7.50 from $8.00 previously
Ladenburg Thalmann downgraded TriplePoint Venture Growth from Buy to Neutral and set a new price target of $8.00 from $8.50 previously
Wells Fargo downgraded TriplePoint Venture Growth from Equal Weight to Underweight and set a new price target of $8.50 from $9.50 previously
Compass Point upgraded TriplePoint Venture Growth from Sell to Neutral and set a new price target of $8.75
JMP Securities downgraded TriplePoint Venture Growth from Mkt Outperform to Mkt Perform
Compass Point downgraded TriplePoint Venture Growth from Neutral to Sell and set a new price target of $8.75
Compass Point upgraded TriplePoint Venture Growth from Sell to Neutral
Compass Point downgraded TriplePoint Venture Growth from Neutral to Sell and set a new price target of $9.75
Wells Fargo downgraded TriplePoint Venture Growth from Overweight to Equal Weight and set a new price target of $10.00 from $12.00 previously
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
3 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
3 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
4 - TriplePoint Venture Growth BDC Corp. (0001580345) (Issuer)
10-Q - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
8-K - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
8-K - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
40-17G - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
DEFA14A - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
DEF 14A - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
10-K - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
8-K - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
8-K - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
8-K - TriplePoint Venture Growth BDC Corp. (0001580345) (Filer)
Net Increase in Net Assets Resulting from Operations of $0.32 per Share for the First Quarter Declares Second Quarter 2025 Distribution of $0.30 per Share TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company," "TPVG," "we," "us," or "our"), a 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 first quarter ended March 31, 2025 and the declaration by its Board of Directors of its second quarter 2025 distribution of $0.30 per share. First Quarter 2025 Highlights Signed $315.4 million of term sheets with venture growth stage co
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company"), a 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 first quarter ended March 31, 2025 after market-close on Wednesday, May 7, 2025. James P. Labe, chief executive officer and chairman of the board, Sajal K. Srivastava, president and chief investment officer, and Mike L. Wilhelms, chief financial officer, will host a conference call that same day at 5:00 p.m., Eastern Time to discuss the Company's financial results. To listen to the call, investors and a
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) ("TPVG" or the "Company"), a 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 that DBRS, Inc. ("Morningstar DBRS") has confirmed the Company's investment grade Long-Term Issuer Rating and Long-Term Senior Debt Rating of BBB (low). Morningstar DBRS issued a statement announcing the confirmation of the rating and the Stable trend on the rating, as well as Morningstar DBRS's underlying analysis. "We are pleased that Morningstar DBRS has reaffirmed our investment grade rating and stable outlook," said Mike L. Wilhelms, ch
Achieved Net Investment Income of $1.40 Per Share for Fiscal Year 2024 15.8% Portfolio Yield on Debt Investments for the Fourth Quarter and 15.7% for Fiscal Year 2024 Declares First Quarter 2025 Distribution of $0.30 per Share TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company," "TPVG," "we," "us," or "our"), a 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, 2024 and the declaration by its Board of Directors of its first quarter 2025 distribution of $0.30 per share. Fourt
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company"), a 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, 2024 after market-close on Wednesday, March 5, 2025. James P. Labe, chief executive officer and chairman of the board, Sajal K. Srivastava, president and chief investment officer, and Mike L. Wilhelms, chief financial officer, will host a conference call that same day at 5:00 p.m., Eastern Time to discuss the Company's financial results. To listen to the ca
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company" or "TPVG"), a 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 that it has entered into a note purchase agreement governing the issuance of $50 million in aggregate principal amount of senior unsecured investment grade notes due February 2028 (the "2028 Notes"). The 2028 Notes are expected to be delivered and paid for on February 12, 2025. "As we continue to maintain a strong and diversified capital structure, we are pleased to enter into the agreement for the 2028 Notes ahead of the maturity of the Co
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company" or "TPVG"), 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 the appointment of Mike L. Wilhelms as Chief Financial Officer (CFO) of the Company, effective as of January 6, 2025. Mr. Wilhelms will also serve as CFO of TriplePoint Capital LLC (TPC), TPVG's sponsor, and as CFO of TriplePoint Private Venture Credit Inc., TriplePoint Venture Lending Fund, LLC, TriplePoint Financial LLC and TriplePoint Advisers LLC. He will be based in Menlo Park, California. Mr. Wilhelms brings more than 30 years of fi
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
Net Investment Income of $0.35 Per Share and Increase in Net Asset Value Per Share of $0.27 for the Third Quarter Declares Fourth Quarter 2024 Distribution of $0.30 per Share 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, 2024 and the declaration by its Board of Directors of its fourth quarter 2024 distribution of $0.30 per share. Third Quarter 2024 Highlights Signed $93.4 million of term sheets wit
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, 2024 after market-close on Wednesday, November 6, 2024. James P. Labe, chief executive officer and chairman of the board, Sajal K. Srivastava, president and chief investment officer, and Matthew A. Galiani, interim chief financial officer, will host a conference call that same day at 5:00 p.m., Eastern Time to discuss the Company's financial results. To listen to the cal
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company" or "TPVG"), 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 the appointment of Mike L. Wilhelms as Chief Financial Officer (CFO) of the Company, effective as of January 6, 2025. Mr. Wilhelms will also serve as CFO of TriplePoint Capital LLC (TPC), TPVG's sponsor, and as CFO of TriplePoint Private Venture Credit Inc., TriplePoint Venture Lending Fund, LLC, TriplePoint Financial LLC and TriplePoint Advisers LLC. He will be based in Menlo Park, California. Mr. Wilhelms brings more than 30 years of fi
SAUSALITO, Calif., Nov. 29, 2023 /PRNewswire/ -- Revelation Partners, a healthcare investment firm with over $1.5 billion of capital under management, announced today the addition of Andrew Olson as Partner, Chief Financial Officer and Chief Operating Officer. Mr. Olson has an extensive background in the venture capital and funds management industry. His addition to the team will enhance the firm's technical expertise, support the differentiated investment model, and strengthen the firm's ongoing foundation. As the firm's new Chief Financial Officer and Chief Operating Officer