TriplePoint Venture Growth ( (TPVG) ) has released its Q3 earnings. Here is a breakdown of the information TriplePoint Venture Growth presented to its investors.
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TriplePoint Venture Growth BDC Corp. is an externally-managed business development company that provides customized debt financing, warrants, and direct equity investments primarily to venture growth stage companies in technology and other high growth industries, backed by a select group of venture capital firms.
In its third quarter 2025 financial results, TriplePoint Venture Growth reported a net increase in net assets resulting from operations of $0.38 per share and declared a fourth quarter regular distribution of $0.23 per share, along with a supplemental distribution of $0.02 per share. The company also achieved its highest level of signed term sheets, commitments, and fundings since 2022.
Key financial metrics for the quarter included $421.1 million in signed term sheets and $181.8 million in new debt commitments, marking a 14% increase from the previous quarter. The company funded $88.2 million in debt investments, growing its debt investment portfolio to $736.9 million at cost. The net investment income was $10.3 million, or $0.26 per share, while the net asset value stood at $355.1 million, or $8.79 per share.
The company maintained a weighted average annualized portfolio yield of 13.2% on debt investments and realized a return on average equity of 11.7%. Additionally, the investment adviser waived its quarterly income incentive fee for the remainder of fiscal year 2025, extending the waiver through 2026.
Looking ahead, TriplePoint Venture Growth is focused on increasing its scale, durability, and income-generating assets, while continuing its strategy of portfolio diversification. The management remains optimistic about the company’s long-term growth prospects, supported by its strong performance and strategic initiatives.