TPVG reports FY2023 NII $2.07/share, NAV down to $9.21, Q4 realized losses $52M

TriplePoint Venture Growth BDC Corp.

Net investment income FY2023: $73.8M or $2.07 per share; Q4 NII $17.3M or $0.47 per share.
Total investment income FY2023 $137.5M; portfolio yield on debt 15.6% Q4, 15.4% FY.
NAV $346.3M or $9.21 per share (down from $11.88 at 12/31/22); gross leverage 1.76x.
Q4 net realized losses $52.0M from write-offs; credit downgrades on four companies with $86.5M aggregate principal.
Declared Q1 2024 dividend $0.40 per share; spillover income $41.5M or $1.10 per share.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TriplePoint Venture Growth BDC Corp. reported financial results for fourth quarter and fiscal year ended December 31, 2023.

Period: fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 6, 2024, TriplePoint Venture Growth BDC Corp. (the “Company”) issued a press release announcing its financial results for the fiscal year and quarter ended December 31, 2023.

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TriplePoint Venture Growth BDC Corp. filing history →

Source: SEC EDGAR

accession 0001580345-24-000003

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