Quarterly ResultMay 6, 2026, 04:43 PM
TriplePoint Venture Growth Q1 Net Assets Per Share $8.65; Net Investment Income $9.1M
AI Summary
TriplePoint Venture Growth BDC Corp. reported a net asset value per share of $8.65 as of March 31, 2026, a decrease from $8.73 at December 31, 2025. For the three months ended March 31, 2026, net investment income was $9.1 million, down from $10.7 million in the prior year period. The company also saw a decrease in net assets from operations and engaged in significant debt refinancing activities, including the repayment of $200 million in 2026 Notes and the issuance of $75 million in 7.50% 2028 Notes.
Key Highlights
- Net asset value per share decreased to $8.65 as of March 31, 2026, from $8.73 at December 31, 2025.
- Net investment income for Q1 2026 was $9.1 million, down from $10.7 million in Q1 2025.
- Net increase in net assets from operations was $6.2 million in Q1 2026, compared to $12.7 million in Q1 2025.
- Total investments at fair value increased slightly to $785.6 million from $783.5 million.
- Repaid $200 million of 2026 Notes during the quarter.
- Issued $75 million of 7.50% 2028 Notes during the quarter.
- Borrowings under revolving credit facility increased by $102 million.
- Regular distributions declared per share were $0.23 for Q1 2026, down from $0.30 in Q1 2025.