TLDR:
- Triplepoint Venture Growth BDC Corp reported earnings of $17.3 million for Q4 2023
- The venture capital industry saw a significant decline in investment activity
Triplepoint Venture Growth BDC Corp reported fourth quarter earnings for 2023 with a net investment income of $17.3 million, surpassing its dividend payout. Despite a downturn in the venture capital industry, TPVG showcased strong liquidity and funded $24.4 million in debt investments to six portfolio companies. The venture capital industry experienced reduced deal volumes and declining venture unicorn investments. TPVG plans to increase investment allocations in the second half of the year and delever the balance sheet in the first half of 2024.
