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Mar 31, 2021
TriplePoint Q1 2021 Earnings Report
Announced its financial results for the first quarter ended March 31, 2021.
Key Takeaways
TriplePoint Venture Growth BDC Corp. reported a net increase in net assets of $0.38 per share for Q1 2021. The company funded $56.9 million in debt investments and $2.3 million in direct equity investments. They also declared a second quarter distribution of $0.36 per share.
Signed $192.2 million of term sheets and closed $90.4 million of new debt commitments.
Funded $56.9 million in debt investments and $2.3 million in direct equity investments.
Increased net asset value to $401.8 million, or $13.00 per share.
Declared a second quarter distribution of $0.36 per share.
Forward Guidance
The company anticipates strong investment activity and demand for debt financings.
Positive Outlook
- Strong investment activity environment.
- Enhanced outlook for existing portfolio companies.
- Strong credit quality of existing portfolio companies.
- Increased demand for debt financings from new companies.
- Ability to achieve portfolio growth goals.
Challenges Ahead
- Changes in economic conditions.
- Changes in market conditions.
- Impact of the COVID-19 pandemic.
- Effects on the company's results of operations.
- Effects on the company's financial condition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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