TriplePoint Venture Growth Q1 NII $0.53/share; three portfolio companies file for bankruptcy

TriplePoint Venture Growth BDC Corp.

2023-Q1 EPS reported $0.53

Net investment income $18.6M ($0.53/share); total investment income $33.6M; NAV $414.0M ($11.69/share).
Weighted average portfolio yield 14.7%; funded $57.6M in debt investments at 14.1% yield.
Leverage 1.49x; declared $0.40/share Q2 distribution payable June 30.
Since quarter end, three portfolio cos (Hey Favor, Underground Enterprises, RenoRun) filed for bankruptcy.
Credit downgrades: four companies to Yellow, two to Orange; weighted avg ranking 2.12.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TriplePoint Venture Growth BDC Corp. reported first quarter ended March 31, 2023 results: revenue $33.6 million, net income $18.6 million, EPS $0.53 per share.

Period: first quarter ended March 31, 2023
Revenue: $33.6 million
Net income: $18.6 million
EPS: $0.53 per share
Result: reported results

Exact text from the filing

annualized portfolio yield on total debt investments for the quarter; ▪ Earned net investment income of $18.6 million, or $0.53 per share; ▪ Generated total investment income of $33.6 million; ▪ Realized 17.8% return on average equity, based on net investment income during the quarter; ▪ Seven portfolio companies raised an aggregate $63.9 million of capital in private

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Source: SEC EDGAR

accession 0001580345-23-000025

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