TriplePoint Venture Growth BDC (TPVG) investor relations material

Executive summary

• Net investment income for Q2 2026 was $8.3 million ($0.21/share), with a net increase in net assets from operations of $10.7 million ($0.26/share).

• Portfolio grew to $780.7 million at fair value, with 53 debt portfolio companies, 117 warrant holdings, and 60 equity investments.

• Realized $12.9 million in net gains, primarily from Revolut equity monetization; remaining Revolut position valued at $47.9 million.

• Declared regular quarterly distribution of $0.23/share and supplemental distributions totaling $0.12/share for H2 2026.

• Board authorized a $12.5 million stock repurchase program.

Financial highlights

• Total investment and other income for Q2 2026 was $22.1 million.

• Net asset value was $352.8 million ($8.67/share) as of June 30, 2026.

• Funded $47.8 million in debt investments in Q2 2026, up 80% sequentially, with a weighted average annualized yield of 12.8% at origination.

• Distributions declared and paid for the six months ended June 30, 2026 totaled $0.46/share.

• Portfolio at fair value was $780.7 million, with $637.4 million in loans and $143.3 million in warrants and equity.

Outlook and guidance

• Targeting $25 million–$50 million in new fundings per quarter for 2026.

• Adviser waived all income incentive fees through fiscal 2026, waiving $3.2 million year to date.

• Management expects current liquidity, borrowing capacity, and cash flows to be adequate for operational needs.

• Focused on redeploying proceeds from asset sales into new opportunities and maintaining disciplined underwriting.

• Ongoing focus on lending to venture-backed companies in high-growth sectors, leveraging strong VC relationships.