Added to YB: 2025-04-21
Pitch date: 2025-04-17
TPVG [bearish]
TriplePoint Venture Growth BDC Corp.
-21.62%
current return
Author Info
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Company Info
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments.
Market Cap
$253.2M
Pitch Price
$5.45
Price Target
N/A
Dividend
14.65%
EV/EBITDA
N/A
P/E
6.10
EV/Sales
6.31
Sector
Capital Markets
Category
N/A
More Problems at TriplePoint Venture Growth BDC (TPVG)
TPVG short: BDC lending to venture-stage tech cos facing severe NAV deterioration ($14.01 in Q4'21 to $8.61 in Q4'24). Portfolio plagued by troubled loans - Mind Candy (59% discount), NA-KD (restructuring), FabFitFun (customer complaints). History of loan extensions, PIK interest abuse, and delayed write-downs. New CFO facing legacy valuation issues.
Read full article (5 min)