Investment Portfolio - As of September 30, 2024, the aggregate cost and fair value of investments were $739.0 million and $721.0 million, respectively[133]. - The portfolio consisted of 309 investments in 107 companies, including 137 debt investments with a fair value of $604.7 million and a weighted average loan to enterprise value ratio of 7.6%[133]. - As of December 31, 2023, the aggregate cost and fair value of investments were $850.1 million and $802.1 million, respectively[134]. - The portfolio included 321 investments in 109 companies, with 151 debt investments having a fair value of $730.3 million and a weighted average loan to enterprise value ratio of 7.9%[134]. - The largest industry sectors by fair value as of September 30, 2024, included Consumer Products and Services at $123.5 million (17.1%) and E-Commerce - Clothing and Accessories at $113.2 million (15.7%)[138]. - Total portfolio company investments at fair value as of December 31, 2023, amounted to $802,145,000, representing 100% of total investments[140]. - Growth capital loans constituted 95.0% of total debt investments at fair value as of September 30, 2024, valued at $574,663,000[141]. - The ending portfolio at fair value as of September 30, 2024, was $720,974,000, down from $870,178,000 in 2023[143]. - Total debt investments as of December 31, 2023, were $730,295,000, with growth capital loans making up 98.5% of this total[141]. - The company had investments in three portfolio companies on non-accrual status as of September 30, 2024, with an aggregate fair value of $17.9 million[148]. Financial Performance - For the three months ended September 30, 2024, the net increase in net assets resulting from operations was $22.6 million, compared to $2.1 million for the same period in 2023[149]. - The net investment income for the three months ended September 30, 2024, was $13.8 million, down from $19.1 million in the same period of 2023[149]. - Total operating expenses for the three months ended September 30, 2024, were $12.7 million, a decrease from $16.6 million for the same period in 2023[152]. - The company recognized net realized losses on investments of $5.0 million for the three months ended September 30, 2024, compared to $25.6 million for the same period in 2023[153]. - The net change in unrealized gains for the three months ended September 30, 2024, was $13.9 million, compared to $8.6 million for the same period in 2023[153]. - Total investment and other income for the three months ended September 30, 2024, was $26.5 million, down from $35.7 million in the same period of 2023[150]. - Base management fees for the three months ended September 30, 2024, were $3.4 million, down from $4.6 million for the same period in 2023[152]. - Average net asset value for the three months ended September 30, 2024, was $355.9 million, down from $379.1 million in 2023[158]. - Total return based on NAV for the three months ended September 30, 2024, was 7.6%, compared to 0.7% in 2023[157]. Cash and Debt Management - As of September 30, 2024, cash and cash equivalents were $48.6 million, down from $122.5 million in 2023[162][163]. - The company had $300.0 million in total commitments available under the Credit Facility as of September 30, 2024[165]. - Outstanding borrowings under the Credit Facility were $10.0 million as of September 30, 2024, down from $215.0 million at the end of 2023[165]. - The company recorded a net cash provided by operating activities of $106.3 million for the nine months ended September 30, 2024[162]. - The net cash used in financing activities during the same period was $229.3 million, primarily due to net repayments under the Credit Facility[162]. - Total payment obligations for debt repayment as of September 30, 2024 amounted to $405.0 million, with $70.0 million due in less than one year[171]. - Unfunded commitments totaled $74.0 million as of September 30, 2024, down from $118.1 million as of December 31, 2023[173]. - The fair value of unfunded commitments was $0.7 million as of September 30, 2024, compared to $1.6 million as of December 31, 2023[176]. Regulatory and Compliance - The company is externally managed and has elected to be regulated as a Business Development Company (BDC) under the 1940 Act[132]. - The company must distribute at least 90% of its net ordinary income to maintain RIC tax treatment, with potential distributions being subject to a 4% U.S. federal excise tax if requirements are not met[177]. - Cash distributions per share have been authorized since the initial public offering, with historical distributions potentially being less frequent or lower in amount in the future[177]. - For the three months ended September 30, 2024, distributions paid were comprised of interest-sourced distributions equal to 70.5% of total distributions paid[179]. - As of September 30, 2024, estimated undistributed taxable earnings from net investment income amounted to $41.5 million, or $1.03 per share[179]. - The Board declared a $0.30 per share regular quarterly distribution payable on December 27, 2024[183]. Risk Factors - The company faces risks including changes in laws and regulations, economic downturns, and interest rate volatility that could impact its financial condition and results of operations[131]. - Interest rate sensitivity may affect the company's earnings and portfolio values due to changes in interest rates[186]. - The company is subject to financial market risks, including changes in interest rates and capital market volatility, which could adversely affect its results of operations[185]. - A prolonged reduction in interest rates could decrease gross investment income and net investment income if not offset by increases in the spread over the Prime Rate[186]. - The company has established risk management systems to identify and analyze risks related to interest rates and funding costs[186]. - A hypothetical increase of 300 basis points in interest rates could lead to an increase in interest income of $10,649 thousand, while a decrease of 300 basis points could result in a decrease of $7,796 thousand[189]. - The company had no hedging transactions in place for interest rate risk or foreign currency exchange rate risk as of September 30, 2024, deeming the risk acceptable[190]. Legal Matters - A securities class action complaint was filed against the company, but the court granted a motion to dismiss on August 7, 2024, with final judgment entered on September 19, 2024[194]. - A derivative complaint against certain officers and directors was dismissed without prejudice on September 17, 2024[195].

Exhibit 99.1 1 TriplePoint Venture Growth BDC Corp. Announces Third Quarter 2024 Financial Results 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 Menlo Park, Calif., November 6, 2024 - 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 c ...

Group 1 - The Conservative Income Portfolio targets high-value stocks with significant margins of safety and aims to reduce volatility through well-priced options [1][3] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - Trapping Value offers a Covered Calls Portfolio focused on lower volatility income investing and capital preservation [2][3] Group 2 - The Fixed Income Portfolio emphasizes purchasing securities with high income potential and significant undervaluation compared to peers [2] - Trapping Value consists of a team of analysts with over 40 years of combined experience in generating options income while prioritizing capital preservation [3]

Group 1 - The Cash Flow Kingdom Income Portfolio aims to achieve an overall yield in the range of 7% - 10% by combining various income streams for a steady payout [1] - TriplePoint Venture Growth (NYSE: TPVG) is identified as a high-yielding business development company (BDC), but its portfolio is considered risky with disappointing net asset value performance [1] - The Cash Flow Club focuses on company cash flows and access to capital, offering features like a personal income portfolio targeting 6%+ yield and coverage of various sectors including energy midstream and commercial mREITs [1] Group 2 - Jonathan Weber has been active in the stock market and as a freelance analyst, focusing primarily on value and income stocks since 2014 [2]

asbe Introduction Some may know I spent a great deal of my adult life serving in the U.S. Navy and recently retired last year. If you served in the Navy a phrase you would often hear is, don't go down with the ship. I reference this to TriplePoint Venture Growth (NYSE:TPVG), a BDC that has faced its fair share of headwinds while their peers have enjoyed success over the past two years or so. In this article, I highlight some of TPVG's issues, latest earnings, and how I think the BDC could fare going forward ...

junce On our last coverage of TriplePoint Venture Growth (NYSE:TPVG) we gave it the two thumbs down and the second-highest danger rating on our proprietary Kenny Loggins scale. The BDC will cut its dividend, in our view, and then trade at a 20% discount to that NAV. VGANY VOGOLNS LOW TPVG 10-Q Previous Article As such, we're expecting mid $6.00s to be realized. The new dividend will likely be around 25-30 cents a share, and that should put a floor around that price as well. Source: Value Loss Vs. Valuation ...

leszekglasner TriplePoint Venture Growth Overview Business Development Companies have been my go-to place to benefit from the higher interest rate environment. However, not all BDCs are built the same, and some haven't been able to capitalize as efficiently as others. I previously covered TriplePoint Venture Growth (NYSE:TPVG) back in early April and gave it a sell rating due to its decreasing portfolio size and weaker distribution coverage. Since my last coverage, there have been two quarterly earnings rep ...

TriplePoint Venture Growth (TPVG) shares soared 6.2% in the last trading session to close at $8.80. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6% loss over the past four weeks. For TriplePoint Venture Growth, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure t ...

pkanchana/iStock via Getty Images The Black Sheep of BDCs The essential question for investors today is whether this wave of credit losses is coming to an end, or whether there is more to be revealed. TPVG's internal oredit ratings show approximately 8.3% of its portfolio was in the lowest "orange" or "red" categories. Source Management discussed the companies on this watch list in the Q1 earnings call. Co-founder and CEO James Labe noted that one of the companies in the orange category, TFG Holdings, was a ...

Dilok Klaisataporn So what's happening? The Company Went In A Different Direction Data by YCharts By most measures, the economy has performed better than what most people expected in the last few months. The overall price changes on the BIZD ETF are a good proxy for that. Another measure one can use to gauge this is the US Corporate BBB Option-Adjusted Spread. A lower number here means that there is less stress (or at least less perceived stress) in the system. As you can see, this spread is marginally lowe ...