The following is a summary of the TriplePoint Venture Growth (TPVG) Q1 2024 Earnings Call Transcript:

Financial Performance:

• TriplePoint Venture Growth (TPVG) reported a net investment income of $15.5 million or $0.41 per share for Q1 2024.

• Realized losses of $8.8 million were recorded in the portfolio, whereas there was a net change in unrealized gains on investments of $1.3 million in Q1.

• The company announced a regular quarterly dividend of $0.4 per share and preserved an undistributed income of $42.3 million.

• Total income for Q1 amounted to $29.3 million, with a portfolio yield of 15.4%.

Business Progress:

• TPVG increased fundraising activities and improved company portfolio performance.

• The leverage ratio experienced an improvement to 1.27 times, primarily due to prepayment activity summing up to $30.8 million.

• TriplePoint has signed terms sheets valued at $130.5 million in Q1, symbolizing an increase in future investments.

• The company intends to diversify the portfolio with a focus on AI, cybersecurity, climate, and digital health.

• TPVG's future strategy includes capital deployment into venture growth stages and lower-middle-market ventures.

More details: TriplePoint Venture Growth BDC IR

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