UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________________________________________________ Form 10-Q ________________________________________________________________________________________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31 ...

Exhibit 99.1 TriplePoint Venture Growth BDC Corp. Announces First Quarter 2025 Financial Results 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 Menlo Park, Calif., May 7, 2025 - 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 an ...

Investor Presentation F i s c a l Ye a r E n d e d D e c e m b e r 3 1 , 202 4 M a r c h 5 , 2 025 w w w. t p v g . c o m Forward Looking Statements Some of the statements in this presentation constitute forward-looking statements, which relate to future events or our future performance or financial condition. The forward-looking statements contained in this presentation involve risks and uncertainties, including statements as to: our future operating results; our business prospects and the prospects of our ...

Group 1 - The article highlights the importance of creating a portfolio that generates income without the need for selling assets, emphasizing a stress-free approach to retirement investing [1][2] - It promotes a model portfolio that targets a yield of 9-10%, suggesting that dividends can significantly enhance investment returns [2] - The company offers a month-long paid trial for $49, with an additional 5% discount, to attract potential investors to their income-generating strategies [2]

Core Insights - Business Development Companies (BDCs) are highlighted as a preferred investment avenue for generating high income, although not all BDCs perform equally well in a high interest rate environment [1]. Group 1: Investment Strategy - The article emphasizes a hybrid investment strategy that combines classic dividend growth stocks with BDCs, Real Estate Investment Trusts (REITs), and Closed-End Funds to enhance investment income while achieving total returns comparable to traditional index funds like the S&P [1]. Group 2: Market Context - The current economic climate of elevated interest rates has underscored the variability in performance among different BDCs, indicating that careful selection is crucial for investors [1].

Group 1 - TriplePoint Venture Growth (NYSE: TPVG) reported weaker-than-expected earnings for its fourth fiscal quarter on March 5, 2025 due to continual investment problems [1] - The BDC saw a sequential increase in its non-accrual percentage, indicating ongoing challenges in its investment portfolio [1] - The company continued to report losses related to its investments, highlighting potential issues in its operational performance [1]

Group 1 - The analyst has maintained a bearish outlook on TriplePoint Venture Growth (NYSE: TPVG) since May 2024, resulting in a share price decline of approximately 20% [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [2] - He has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - Berzins has also worked on developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2]

TriplePoint Venture Growth BDC Corp (NYSE:TPVG) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Jim Labe – Chief Executive Officer and Chairman Sajal Srivastava – President and Chief Investment Officer Mike Wilhelms – Chief Financial Officer Conference Call Participants Crispin Love – Piper Sandler Brian McKenna – Citizens Casey Alexander – Compass Point Christopher Nolan – Ladenburg Thalmann Paul Johnson – KBW Operator Good afternoon, ladies and gentlemen. Welcome to the Trip ...

Financial Data and Key Metrics Changes - For Q4 2024, total investment income was $26 million with a portfolio yield of 15.8%, compared to $33 million and a yield of 15.6% in the prior year period [42] - Net investment income for Q4 2024 totaled $12.6 million or $0.32 per share, down from $17.3 million or $0.47 per share in the prior year [44] - For the full year 2024, total investment income was $109 million with a portfolio yield of 15.7%, compared to $137 million and a yield of 15.4% in the prior year [43] Business Line Data and Key Metrics Changes - New debt commitments to venture growth stage companies in Q4 reached $72 million, a 75% increase from $41 million in Q3 [10][26] - The number of signed term sheets with venture growth stage companies increased 246% to $323 million in Q4, compared to $93 million in Q3 [9][25] - Funded investments in Q4 amounted to $50 million, up 50% from $33 million in Q3 [28] Market Data and Key Metrics Changes - The venture capital investment market saw deal value increase to $209 billion across more than 15,000 deals last quarter, surpassing pre-pandemic and 2023 levels [17] - 26 of TPVG's active debt portfolio companies raised $1.8 billion in 2024, an increase of almost 200% over 2023 [13][31] - The demand for venture lending significantly strengthened in Q4, driven by improved market conditions [19] Company Strategy and Development Direction - The company is focused on portfolio diversification and investment sector rotation, particularly in high-potential sectors like AI, health tech, and aerospace [20][22] - TPVG aims to capitalize on an improving venture capital market while maintaining strong liquidity [8][23] - The strategy includes increasing the pace of new commitments and new investment fundings while maintaining a strong yield profile [38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the credit outlook for 2025, citing stable performance from portfolio companies [56] - The company anticipates higher fundings in 2024 and lower prepayments, which should positively impact dividend coverage [65] - There is a belief that improving market conditions will lead to increased portfolio growth and leverage in 2025 [82][100] Other Important Information - The company ended 2024 with a net asset value of $345.7 million or $8.61 per share [47] - TPVG has $105 million of floating rate unfunded investment commitments, representing an 11% decline from the previous year [49] - The company has liquidity of $374 million, consisting of $79 million in cash and $295 million available under the revolving credit facility [50] Q&A Session Summary Question: What are the views on credit into 2025? - Management is pleased with the improvement in the watch list and expects a stable or improving credit outlook as long as market conditions remain stable [54][56] Question: What are the key drivers for elevated prepayments? - Prepayment activity is partly due to intentional sector rotation, particularly from e-commerce and consumer-related companies [58][60] Question: Is the company comfortable with the $0.30 quarterly dividend? - Management is realistic about dividend coverage and will adjust based on portfolio growth and prepayment activity [63][65] Question: How should the overall yield of the portfolio be viewed as assets turn over? - The company expects to maintain its yield profile despite recent base rate changes, with benefits from prepayments helping to boost overall portfolio yield [66][68] Question: Will leverage increase through 2025? - Management expects leverage to climb back up with portfolio growth, driven by improving market conditions and demand from high-quality companies [82][100] Question: How does the company view AI investments? - AI is becoming prevalent in investments, but management cautions against hype and focuses on durable niches with proprietary datasets [86][88]

Core Viewpoint - TriplePoint Venture Growth (TPVG) reported quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share, and down from $0.47 per share a year ago, indicating a -3.03% earnings surprise [1] Financial Performance - The company posted revenues of $25.75 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.51%, but down from $32.97 million year-over-year [2] - Over the last four quarters, TPVG has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - TPVG shares have increased approximately 7.5% since the beginning of the year, contrasting with the S&P 500's decline of -1.8% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $24.72 million, and for the current fiscal year, it is $1.28 on revenues of $98.63 million [7] - The estimate revisions trend for TPVG is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial - SBIC & Commercial Industry, to which TPVG belongs, is currently in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]