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TriplePoint Venture Growth BDC

TPVG

Market cap $210M

5.16 USD

+0.02

0.39%

At close Updated Sep 11, 4:00 PM EDT

1 day

0.39%

5 days

-4.27%

1 month

-2.27%

3 months

-6.52%

6 months

-1.71%

Year to date

-22.29%

1 year

-23.33%

5 years

-65.87%

10 years

-52.83%

About: TriplePoint Venture Growth BDC Corp is a closed-end, non-diversified management investment company. Its investment objective is to maximize its total return to stockholders in the form of current income and, to a lesser extent, capital appreciation. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions and services, entertainment, mixed retailing, and healthcare services. Geographically, all the firm's operations are located across the United States.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 20%

Neutral 30%

Negative 50%

Not All Venture Debt Dividend Yields Are Safe: Trinity Capital Vs. TriplePoint Venture

Investor sentiment in venture debt BDCs continues to be shaped by perceived AI-driven risks to software portfolios. TPVG is down 15% over the last year, with TRIN up 13%. TRIN offers an 11.07% annualized yield with monthly distributions, while TPVG pays 580 basis points over this with its 16.9% yield but with coverage at 91% versus 100% from TRIN. TPVG saw NII fall 26.5% year-over-year versus growth of 32.1% for TRIN, with TPVG trading at a deep 37% discount to NAV per share. TRIN trades at a 35% premium.

Not All Venture Debt Dividend Yields Are Safe: Trinity Capital Vs. TriplePoint Venture

A Unique Opportunity To Earn Double-Digit Yields From 2 Deeply Discounted BDCs

Since Regulated Investment Companies are legally required to distribute substantially all taxable income, earnings outperformance translates directly into supplemental cash payouts. OBDC generated $0.34 per share in ANII (Adjusted Net Investment Income), triggering its formulaic supplemental dividend policy ($0.02 per share) to distribute 50% of excess earnings. TPVG's venture lending strategy realized a major $12.8 million capital gain from selling a portion of its Revolut equity holding, resulting in $0.12 of supplemental dividends.

A Unique Opportunity To Earn Double-Digit Yields From 2 Deeply Discounted BDCs

TriplePoint Venture Growth BDC Q2 Earnings Call Highlights

TriplePoint Venture Growth BDC NYSE: TPVG reported second-quarter results that reflected increased investment activity, continued portfolio repositioning and two monetization events intended to improve liquidity and reduce exposure to payment-in-kind income.

TriplePoint Venture Growth BDC Q2 Earnings Call Highlights

Zacks Investment Research

TriplePoint Venture Growth (TPVG) Misses Q2 Earnings and Revenue Estimates

TriplePoint Venture Growth (TPVG) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.28 per share a year ago.

TriplePoint Venture Growth (TPVG) Misses Q2 Earnings and Revenue Estimates

TriplePoint Venture Growth BDC Corp. (TPVG) Q2 2026 Earnings Call Transcript

TriplePoint Venture Growth BDC Corp. (TPVG) Q2 2026 Earnings Call Transcript

TriplePoint Venture Growth BDC Corp. (TPVG) Q2 2026 Earnings Call Transcript

TriplePoint Venture Growth BDC Corp. Announces Second Quarter 2026 Financial Results

MENLO PARK, Calif.--(BUSINESS WIRE)--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 second quarter ended June 30, 2026 and the declaration by its Board of Directors of its third quarter 2026 regular distribution of $0.23 per share and supplem.

TriplePoint Venture Growth BDC Corp. Announces Second Quarter 2026 Financial Results

TriplePoint Venture Growth BDC Corp. to Announce 2026 Second Quarter Financial Results on Wednesday, August 5, 2026

MENLO PARK, Calif.--(BUSINESS WIRE)--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 second quarter ended June 30, 2026 after market-close on Wednesday, August 5, 2026. James P. Labe, chief executive officer and chairman of the board, Sajal K. Srivastava, p.

TriplePoint Venture Growth BDC Corp. to Announce 2026 Second Quarter Financial Results on Wednesday, August 5, 2026

2 BDCs To Sell Before They Slash Their Dividends

Business Development Companies face mounting risks as exhausted capital structures and poor dividend coverage threaten payout sustainability. Dividend cuts have become prevalent, with market reactions punishing BDCs regardless of existing discounts to NAV. I prioritize BDCs with well-covered, stable dividends over higher-yielding but riskier peers, favoring income stability and NAV protection.

2 BDCs To Sell Before They Slash Their Dividends

Let's Talk About The Elephant In The BDC Room

The BDC sector trades at a deep 0.71x P/NAV, reflecting bearish sentiment despite stable credit fundamentals. The market is focused on a credit risk (or rising non-accruals). In my view, the bigger risk lies in the income side.

Let's Talk About The Elephant In The BDC Room

TriplePoint Venture Growth: PIK To Hit 45% Of Net Investment Income For 19% Yielder

We had previously downgraded TriplePoint Venture Growth to a sell as it faced multiple headwinds. The stock has underperformed as expected. We analyze Q1-2026 and tell you why Q2-2026 might get the company to cut distribution to 10 cents a quarter.

TriplePoint Venture Growth: PIK To Hit 45% Of Net Investment Income For 19% Yielder

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