TriplePoint Q3 2021 Earnings Report
Key Takeaways
TriplePoint Venture Growth BDC Corp. announced strong Q3 2021 results, marked by a record portfolio fair value of $767 million and a significant increase in net asset value per share to $13.92. The company funded $117.0 million in debt investments and achieved a weighted average portfolio yield of 12.3% on total debt investments. Net investment income was $9.9 million, or $0.32 per share, and the company declared a fourth quarter distribution of $0.36 per share.
Signed $303.5 million of term sheets with venture growth stage companies and closed $116.3 million of new debt commitments.
Funded $117.0 million in debt investments to 15 portfolio companies with a 12.8% weighted average annualized portfolio yield at origination.
Increased net asset value to $431.4 million, or $13.92 per share, a 7.0% increase from the prior quarter.
Earned net investment income of $9.9 million, or $0.32 per share, up from $9.4 million, or $0.30 per share, for the prior quarter.
TriplePoint
TriplePoint
Forward Guidance
The company's momentum, pipeline, and liquidity remain strong, and it is well positioned to continue to grow the portfolio in a disciplined manner.