TriplePoint Venture Growth BDC

TPVG

Market cap $263M

TriplePoint Venture Growth BDC Corp. is a comeback BDC (+16% yield) trading at a deep discount. Capital Southwest is a premium BDC growing thanks to its premium. Buy both BDCs to diversify income.

TriplePoint Venture Growth BDC Corp. ( TPVG ) Q3 2025 Earnings Call November 5, 2025 5:00 PM EST Company Participants James Labe - Co-Founder, Chairman & Co-CEO Sajal Srivastava - Co-Founder, President, Co-CEO, Secretary, Treasurer & Director Mike Wilhelms - Chief Financial Officer Conference Call Participants Crispin Love - Piper Sandler & Co., Research Division Cory Johnson - UBS Investment Bank, Research Division Christopher Nolan - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Good afternoon, ladies and gentlemen. Welcome to the TriplePoint Venture Growth BDC Corp. Third Quarter 2025 Earnings Conference Call.

TriplePoint Venture Growth (TPVG) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.35 per share a year ago.

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 third quarter ended September 30, 2025. The Company previously announced on October 14, 2025 that its Board of Directors declared its fourth quarter 2025 regu.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Business development companies (BDCs) have gained popularity in recent years, but they still don't get as much attention as they should. Which is too bad, because they pay life-changing (no exaggeration here) dividends.

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 its Board of Directors has declared a regular quarterly distribution of $0.23 per share for the fourth quarter and a supplemental distribution of $0.02 per share, each of which will be payable on December 30, 2025 to s.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Blackstone Secured Lending and Morgan Stanley Direct Lending are high-quality BDCs facing potential dividend cuts due to falling coverage ratios. BXSL's fundamentals remain strong, but tight dividend coverage, high floating-rate exposure, and significant upcoming debt maturities raise concerns about a near-term cut. MSDL, despite robust liquidity and investment-grade ratings, has seen declining earnings, rising non-performing loans, and high floating-rate exposure, signaling possible dividend reduction.

TriplePoint Venture Growth BDC trades at a deep discount to NAV, reflecting internal portfolio weaknesses rather than a compelling buying opportunity. TPVG's earnings and NAV growth remain stagnant, with elevated non-accruals and rising PIK income signaling ongoing portfolio stress despite a high 15.8% dividend yield. While the current dividend appears sustainable with 122% coverage, further interest rate cuts could pressure net investment income and future distributions.