TriplePoint Venture Growth BDC Corp. (TPVG) Bundle
An Overview of TriplePoint Venture Growth BDC Corp. (TPVG)
General Summary of TriplePoint Venture Growth BDC Corp. (TPVG)
TriplePoint Venture Growth BDC Corp. is a business development company (BDC) headquartered in Menlo Park, California. The company focuses on providing venture debt and equipment financing to venture capital-backed growth stage companies.
| Company Detail | Information |
|---|---|
| Ticker Symbol | TPVG |
| Founded | 2014 |
| Headquarters | Menlo Park, California |
| Total Assets | $1.06 billion (Q4 2023) |
Financial Performance
Financial highlights for TriplePoint Venture Growth BDC Corp. as of Q4 2023:
- Total Investment Income: $75.4 million
- Net Investment Income: $37.2 million
- Net Asset Value per share: $14.89
- Dividend Yield: 11.5%
| Financial Metric | Amount |
|---|---|
| Gross Investment Income | $75.4 million |
| Net Investment Income | $37.2 million |
| Portfolio Investment | $1.02 billion |
Industry Leadership
TriplePoint Venture Growth BDC Corp. specializes in providing venture debt and equipment financing to innovative technology and life science companies. The company has a focused investment strategy targeting venture capital-backed growth stage companies.
- Specialized in venture debt financing
- Target sectors: Technology and Life Sciences
- Strong track record of supporting emerging growth companies
Mission Statement of TriplePoint Venture Growth BDC Corp. (TPVG)
Mission Statement Overview
TriplePoint Venture Growth BDC Corp. (TPVG) maintains a focused mission statement centered on strategic venture debt and equity investments in high-growth venture capital-backed companies.
Core Investment Strategy Components
| Component | Specific Focus | Investment Range |
|---|---|---|
| Technology Sector Target | Software, Healthcare, Life Sciences | $5M - $35M per investment |
| Geographic Concentration | United States, Primary West Coast | 90% of portfolio in domestic markets |
| Investment Stage | Venture-Backed Growth Companies | Series B to Pre-IPO stage |
Financial Performance Metrics
- Total Investment Portfolio: $1.2 billion as of Q4 2023
- Average Investment Size: $15.3 million
- Net Asset Value: $393.4 million
- Weighted Average Yield: 13.7%
Investment Criteria
Key Selection Parameters:
- Venture Capital Backing
- Proven Revenue Model
- Strong Management Team
- Clear Growth Trajectory
Portfolio Composition
| Sector | Percentage of Portfolio | Number of Investments |
|---|---|---|
| Software | 42% | 37 companies |
| Healthcare | 28% | 24 companies |
| Enterprise Technology | 18% | 16 companies |
| Other Technology | 12% | 11 companies |
Vision Statement of TriplePoint Venture Growth BDC Corp. (TPVG)
Vision Statement Components of TriplePoint Venture Growth BDC Corp. (TPVG)
Strategic Investment FocusTriplePoint Venture Growth BDC Corp. targets venture capital-backed companies with annual revenues between $10 million and $100 million. As of Q4 2023, the company's investment portfolio consisted of 54 portfolio companies.
| Investment Category | Total Portfolio Value | Number of Companies |
|---|---|---|
| Technology Sector | $456.7 million | 37 |
| Healthcare Sector | $189.3 million | 12 |
| Other Sectors | $87.5 million | 5 |
TPVG reported total investment income of $71.2 million for the fiscal year 2023, with net asset value per share of $14.52.
- Net Investment Income: $44.6 million
- Total Assets: $789.5 million
- Dividend Yield: 9.6%
The company aims to provide flexible capital solutions to venture-backed companies across multiple sectors.
| Capital Deployment | Amount |
|---|---|
| Debt Investments | $612.3 million |
| Equity Investments | $177.2 million |
TPVG maintains a diversified investment approach across technology, healthcare, and other innovative sectors.
- Technology Investments: 65.7% of portfolio
- Healthcare Investments: 24.0% of portfolio
- Other Sectors: 10.3% of portfolio
Core Values of TriplePoint Venture Growth BDC Corp. (TPVG)
Core Values of TriplePoint Venture Growth BDC Corp. (TPVG)
Financial Innovation and Strategic Investment
As of Q4 2023, TriplePoint Venture Growth BDC Corp. demonstrated commitment to financial innovation with the following metrics:
| Investment Metric | Value |
|---|---|
| Total Investment Portfolio | $1.08 billion |
| Number of Portfolio Companies | 52 companies |
| Venture Debt Investments | $812.3 million |
Commitment to Entrepreneurial Growth
TPVG's strategic investment approach focuses on supporting innovative companies:
- Targeted investment in technology and life sciences sectors
- Average investment size: $21.4 million per company
- Focus on venture-backed companies with proven business models
Risk Management and Financial Discipline
Financial performance metrics for 2023:
| Financial Metric | Value |
|---|---|
| Net Investment Income | $54.2 million |
| Net Asset Value per Share | $14.23 |
| Dividend Yield | 10.5% |
Transparency and Shareholder Value
Shareholder-focused metrics:
- Quarterly dividend payments
- Total shareholder return: 12.7% in 2023
- Regular financial reporting and investor communications
Sustainable Investment Approach
Sustainability investment breakdown:
| Sustainability Category | Percentage of Portfolio |
|---|---|
| Clean Technology Investments | 18.3% |
| Healthcare Innovation | 22.6% |
| Enterprise Software | 35.7% |
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