BDCs
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.
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