BDC Quick Recap: TriplePoint Private Venture Credit Inc.
BDC Quick Recap: TriplePoint Private Venture Credit Inc. as of December 31st, 2022
TriplePoint Private Venture Credit Inc. filed its earnings yesterday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for TriplePoint Private Venture Credit Inc. for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $441.6B |
| # of Investments | 432 |
| Total unused commitments to extend financing | $137.1M |
| Portfolio Companies | 149 |
| Portfolio Composition | |
|---|---|
| First Lien | 94.70% |
| Equity and Other | 5.30% |
Source: SOLVE Fixed Income, TriplePoint Private Venture Credit Inc.
Portfolio Credit Quality
| Non-Accruals Cost | $20.0M |
| # of Non-Accruals | 8 |
| # of Portfolio at Cost | 4.50% |
| New Non-Accruals | Nate Inc., Rally Network, Ribbon Home Inc. |
Source: SOLVE Fixed Income, TriplePoint Private Venture Credit Inc.
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Vecna Robotics Inc | Growth Capital Loan | Business Products and Services | $4.1M | – | P+325 |
| Lower Holding Company | Growth Capital Loan | Consumer Products and Services | $2.0M | 12/31/2025 | P+375 |
Source: SOLVE Fixed Income, TriplePoint Private Venture Credit Inc.
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| Feast Kitchen ApS | Growth Capital Loan | Food Products | $1.5M | 6/30/2023 | – |
| Embed Financial Technologies Inc | Preferred Stock | Consumer Finance | $0.1M | – | – |
Source: SOLVE Fixed Income, TriplePoint Private Venture Credit Inc.
Interested in learning more about SOLVE’s BDC data? Email sales@solvefixedincome.com, or Request a Trial to learn more.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
