TriplePoint Venture Growth BDC (TPVG)
Finances venture-growth companies with customized debt, warrants, and direct equity investments.
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Finances venture-growth companies with customized debt, warrants, and direct equity investments. The externally managed BDC extends TriplePoint Capital's venture-growth financing platform and targets companies backed by selected venture-capital firms.
Provides customized debt financing, warrants, and direct equity investments to venture-growth companies in technology and other high-growth industries. Growth-capital loans are its main debt-financing category, alongside revolver loans, while warrants and equity investments give it non-debt participation in portfolio companies.
Operates as an externally managed, non-diversified BDC and the public vehicle for TriplePoint Capital's venture-growth financing segment. Its financing targets companies backed by selected venture-capital firms, tying its operating model to the TriplePoint platform and its adviser. The business is regulated as a BDC under the Investment Company Act of 1940.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 13, 2026 | Piper Sandler | Reiterate | Rating: —Target: $6 | Target: $5 |
| Oct 14, 2025 | UBS | Reiterate | Rating: —Target: $13.50 | Target: $5.50 |
| Oct 9, 2025 | Piper Sandler | Reiterate | Rating: —Target: $7.50 | Target: $6 |
| Mar 17, 2025 | Wells Fargo | Downgrade | ||
| Nov 7, 2024 | Keefe, Bruyette & Woods | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $14.0M · Total debt $444.2M · Total assets $809.0M · Shareholders' equity $352.8M
- Revenue
- $24.5M
- Operating income
- $17.9M
- Net income
- $9.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | 7.08% | 2.88M shares | |
|---|---|---|---|
| 68 holders · as of Jun 30, 2026 | |||
| Insiders | 4.91% | 2.00M shares | |
| 1 holder · as of Jan 13, 2026 | |||
| Other | 88.01% | 35.83M shares | |
| remainder | |||
40.71M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
James LabeInsiderdirector, officer: Chief Executive Officer | 4.91% | 2.00M | filed Jan 13, 2026 |
Two Sigma Investments, LPInstitution | 1.52% | 618,001 | as of Jun 30, 2026 |
Marshall Wace, LLPInstitution | 0.83% | 337,655 | as of Jun 30, 2026 |
Legal & General Group PLCInstitution | 0.80% | 325,584 | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 0.38% | 153,663 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 9, 2026 | Sajal Srivastava | director, officer: President and CIO | +16,000 | $6.56 |
| Jan 12, 2026 | Sajal Srivastava | director, officer: President and CIO | +23,799 | $6.66 |
| Jan 9, 2026 | James Labe | director, officer: Chief Executive Officer | +16,000 | $6.56 |
| Jan 12, 2026 | James Labe | director, officer: Chief Executive Officer | +23,799 | $6.66 |
| Jan 7, 2026 | James Labe | director, officer: Chief Executive Officer | +30,877 | $6.43 |
- Hercules Capital
Senior-secured venture-growth lender across technology and life sciences
- Trinity Capital
Debt and equipment-finance provider to growth-oriented companies
- Horizon Technology Finance
Secured venture lender to technology, life-science and sustainability companies
- Runway Growth Finance
Flexible-capital provider to late- and growth-stage companies
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TriplePoint Venture Growth BDC | $4.87 | +0.52% | $196.5M | 4.9 | 5.5 | 2.3 | −4.7% |
| Hercules Capital | $17.34 | −0.17% | $3.25B | 8.7 | 9.0 | 5.6 | +86.7% |
| Trinity Capital | $17.69 | −0.17% | $1.59B | 9.2 | 8.5 | 5.6 | +41.2% |
| Horizon Technology Finance | $4.66 | −0.11% | $233.4M | 13.4 | 6.5 | 2.1 | +2.1% |
| Runway Growth Finance | $6.76 | +1.05% | $284.1M | 60.8 | 5.1 | 4.5 | +10.1% |
| Median | 11.3 | 7.5 | 5.1 | +25.6% |