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Jun 30, 2020
TriplePoint Q2 2020 Earnings Report
Announced financial results for the second quarter ended June 30, 2020.
Key Takeaways
TriplePoint Venture Growth BDC Corp. reported a net investment income of $0.38 per share and a net increase in net assets of $0.69 per share for Q2 2020. The company's board declared a third quarter 2020 distribution of $0.36 per share.
Earned net investment income of $11.5 million, or $0.38 per share.
Net increase in net assets of $21.2 million, or $0.69 per share.
Recorded $19.4 million from the realization of warrant and equity gains from the sale of CrowdStrike, Inc. shares.
Net asset value of $405.5 million, or $13.17 per share, at June 30, 2020, an increase of 2.7% from prior quarter.
Forward Guidance
Company received $29.1 million of principal prepayments generating approximately $1.0 million of prepayment fees and interest income since June 30, 2020
Positive Outlook
- Company received $29.1 million of principal prepayments generating approximately $1.0 million of prepayment fees and interest income
- TPC’s direct originations platform entered into $43.2 million of additional non-binding signed term sheets with venture growth stage companies
- Company closed $22.0 million of additional debt commitments
- Company funded $3.9 million in new investments
Historical Earnings Impact
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Avg. Return Before/After Earnings
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