TriplePoint Q2 2022 Earnings Report
Key Takeaways
TriplePoint Venture Growth BDC Corp. announced strong financial results for Q2 2022, achieving record portfolio fair value of $877 million and net investment income of $0.41 per share. The company also declared a third quarter distribution of $0.36 per share.
Signed a record level $803.6 million of term sheets with venture growth stage companies and closed a record level $259.9 million of new debt commitments.
Funded $157.6 million in debt investments to 20 portfolio companies with a 13.6% weighted average annualized portfolio yield at origination.
Earned net investment income of $12.7 million, or $0.41 per share.
Net asset value of $404.3 million, or $13.01 per share, as of June 30, 2022.
TriplePoint
TriplePoint
Forward Guidance
Demand for debt financing remains strong, with a focus on high quality venture growth stage companies. The company concentrates on maintaining the quality of the investment portfolio and deploying capital in a disciplined manner to create long-term shareholder value.