TriplePoint Q1 2022 Earnings Report
Key Takeaways
TriplePoint Venture Growth BDC Corp. reported a strong start to 2022, with net investment income of $0.44 per share, exceeding the quarterly dividend. The company funded $62.7 million in debt investments and increased its portfolio yield while maintaining high credit quality.
Signed $656.6 million of term sheets and closed $125.7 million of new debt commitments.
Funded $62.7 million in debt investments to 10 portfolio companies with a 13.3% weighted average annualized portfolio yield at origination.
Earned net investment income of $13.5 million, or $0.44 per share, up from $12.9 million, or $0.42 per share, for the prior quarter.
Net asset value of $429.5 million, or $13.84 per share, as of March 31, 2022.
TriplePoint
TriplePoint
Forward Guidance
Company's pipeline is growing and they are experiencing robust demand for their debt financing solutions from high-quality venture growth stage companies.
Positive Outlook
- Venture capital ecosystem remains active
- Pipeline is growing
- Experiencing robust demand for debt financing solutions
- Portfolio companies demonstrate the value of their innovative products and services
- Portfolio companies are able to close attractive equity fundraising rounds and achieve exit events