(Mark One) | |||||
x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
MARYLAND | 46-3082016 | |||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
Common Stock, par value $0.01 per share | TPVG | |||||||||||||
The New York Stock Exchange |
Large accelerated filer | ¨ | Accelerated filer | |||||||||
Non-accelerated filer | Smaller reporting company | ¨ | |||||||||
Emerging growth company | ¨ |
Page | ||||||||
PART I. FINANCIAL INFORMATION | ||||||||
Item 1. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
PART II. OTHER INFORMATION | ||||||||
Item 1. | ||||||||
Item 1A. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Item 5. | ||||||||
Item 6. | ||||||||
March 31, 2021 | December 31, 2020 | ||||||||||
(unaudited) | |||||||||||
Assets | |||||||||||
Investments at fair value (amortized cost of $643,690 and $662,423, respectively) | $ | 633,696 | $ | 633,779 | |||||||
Cash and cash equivalents | 114,964 | 38,219 | |||||||||
Restricted cash | 1,135 | 6,458 | |||||||||
Deferred credit facility costs | 2,886 | 3,152 | |||||||||
Prepaid expenses and other assets | 2,467 | 1,901 | |||||||||
Total assets | $ | 755,148 | $ | 683,509 | |||||||
Liabilities | |||||||||||
Revolving Credit Facility | $ | — | $ | 118,000 | |||||||
2022 Notes, net | 74,092 | 73,964 | |||||||||
2025 Notes, net | 69,198 | 69,148 | |||||||||
2026 Notes, net | 197,901 | — | |||||||||
Base management fee payable | 2,924 | 3,067 | |||||||||
Income incentive fee payable | 2,227 | 2,782 | |||||||||
Dividends payable | — | 3,087 | |||||||||
Other accrued expenses and liabilities | 7,006 | 13,026 | |||||||||
Total liabilities | $ | 353,348 | $ | 283,074 | |||||||
Commitments and Contingencies (Note 7) | |||||||||||
Net assets | |||||||||||
Preferred stock, par value $0.01 per share (50,000 shares authorized; no shares issued and outstanding, respectively) | $ | — | $ | — | |||||||
Common stock, par value $0.01 per share | 309 | 309 | |||||||||
Paid-in capital in excess of par value | 413,138 | 412,514 | |||||||||
Total distributable earnings (loss) | (11,647) | (12,388) | |||||||||
Total net assets | $ | 401,800 | $ | 400,435 | |||||||
Total liabilities and net assets | $ | 755,148 | $ | 683,509 | |||||||
Shares of common stock outstanding (par value $0.01 per share and 450,000 authorized) | 30,917 | 30,871 | |||||||||
Net asset value per share | $ | 13.00 | $ | 12.97 |
June 30, 2020 | December 31, 2019 | ||||||
(unaudited) | |||||||
Assets | |||||||
Investments at fair value (amortized cost of $708,540 and $660,675, respectively) | $ | 692,853 | $ | 653,129 | |||
Cash | 19,080 | 20,285 | |||||
Restricted cash | 3,871 | 6,156 | |||||
Deferred credit facility costs | 1,035 | 1,603 | |||||
Prepaid expenses and other assets | 1,999 | 2,975 | |||||
Total assets | $ | 718,838 | $ | 684,148 | |||
Liabilities | |||||||
Revolving Credit Facility | $ | 158,000 | $ | 262,300 | |||
2022 Notes, net | 73,709 | 73,454 | |||||
2025 Notes, net | 69,047 | — | |||||
Base management fee payable | 3,235 | 2,462 | |||||
Income incentive fee payable | 2,884 | 1,362 | |||||
Payable to directors and officers | — | 86 | |||||
Other accrued expenses and liabilities | 6,440 | 11,978 | |||||
Total liabilities | $ | 313,315 | $ | 351,642 | |||
Commitments and Contingencies (Note 7) | |||||||
Net assets | |||||||
Preferred stock, par value $0.01 per share (50,000 shares authorized; no shares issued and outstanding, respectively) | $ | — | $ | — | |||
Common stock, par value $0.01 per share (450,000 shares authorized; 30,784 and 24,923 shares issued and outstanding, respectively) | 308 | 249 | |||||
Paid-in capital in excess of par value | 412,016 | 333,052 | |||||
Total distributable earnings (loss) | (6,801 | ) | (795 | ) | |||
Total net assets | $ | 405,523 | $ | 332,506 | |||
Total liabilities and net assets | $ | 718,838 | $ | 684,148 | |||
Net asset value per share | $ | 13.17 | $ | 13.34 |
For the Three Months Ended March 31, | |||||||||||
2021 | 2020 | ||||||||||
Investment income | |||||||||||
Interest income from investments | $ | 19,191 | $ | 20,274 | |||||||
Other income | |||||||||||
Expirations / terminations of unfunded commitments | 328 | 548 | |||||||||
Other fees | 455 | 19 | |||||||||
Total investment and other income | 19,974 | 20,841 | |||||||||
Operating expenses | |||||||||||
Base management fee | 2,924 | 2,774 | |||||||||
Income incentive fee | 2,227 | — | |||||||||
Interest expense and amortization of fees | 4,351 | 4,162 | |||||||||
Administration agreement expenses | 519 | 681 | |||||||||
General and administrative expenses | 1,046 | 987 | |||||||||
Total operating expenses | 11,067 | 8,604 | |||||||||
Net investment income | 8,907 | 12,237 | |||||||||
Net realized and unrealized gains (losses) | |||||||||||
Net realized gains (losses) on investments | (15,697) | (330) | |||||||||
Net change in unrealized gains (losses) on investments | 18,649 | (17,025) | |||||||||
Net realized and unrealized gains (losses) | 2,952 | (17,355) | |||||||||
Net increase (decrease) in net assets resulting from operations | $ | 11,859 | $ | (5,118) | |||||||
Basic and diluted net investment income per share | $ | 0.29 | $ | 0.41 | |||||||
Basic and diluted net increase (decrease) in net assets per share | $ | 0.38 | $ | (0.17) | |||||||
Basic and diluted weighted average shares of common stock outstanding | 30,881 | 29,883 | |||||||||
Total basic and diluted distributions declared per share | $ | 0.36 | $ | 0.36 |
For the Three Months Ended June 30, | For the Six Months Ended June 30, | ||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||
Investment income | |||||||||||||||
Interest income from investments | $ | 23,269 | $ | 17,896 | $ | 43,542 | $ | 35,043 | |||||||
Other income | |||||||||||||||
Expirations / terminations of unfunded commitments | 149 | 158 | 697 | 316 | |||||||||||
Other fees | 378 | 887 | 398 | 1,073 | |||||||||||
Total investment and other income | 23,796 | 18,941 | 44,637 | 36,432 | |||||||||||
Operating expenses | |||||||||||||||
Base management fee | 3,235 | 2,076 | 6,010 | 3,837 | |||||||||||
Income incentive fee | 2,884 | 2,530 | 2,884 | 5,009 | |||||||||||
Interest expense and amortization of fees | 4,312 | 3,010 | 8,474 | 5,213 | |||||||||||
Administration agreement expenses | 574 | 353 | 1,255 | 775 | |||||||||||
General and administrative expenses | 1,255 | 849 | 2,241 | 1,560 | |||||||||||
Total operating expenses | 12,260 | 8,818 | 20,864 | 16,394 | |||||||||||
Net investment income | 11,536 | 10,123 | 23,773 | 20,038 | |||||||||||
Net realized and unrealized gains (losses) | |||||||||||||||
Net realized gains (losses) on investments | 801 | (17 | ) | 471 | (46 | ) | |||||||||
Net change in unrealized gains (losses) on investments | 8,885 | 13,755 | (8,140 | ) | 14,938 | ||||||||||
Net realized and unrealized gains (losses) | 9,686 | 13,738 | (7,669 | ) | 14,892 | ||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 21,222 | $ | 23,861 | $ | 16,104 | $ | 34,930 | |||||||
Basic and diluted net investment income per share | $ | 0.38 | $ | 0.41 | $ | 0.78 | $ | 0.81 | |||||||
Basic and diluted net increase (decrease) in net assets per share | $ | 0.69 | $ | 0.96 | $ | 0.53 | $ | 1.41 | |||||||
Basic and diluted weighted average shares of common stock outstanding | 30,747 | 24,827 | 30,315 | 24,805 |
Paid-in capital in excess of par value | Total distributable earnings (loss) | Net assets | |||||||||||||||||||||||||||
Common stock | |||||||||||||||||||||||||||||
Shares | Par value | ||||||||||||||||||||||||||||
Balance at December 31, 2019 | 24,923 | $ | 249 | $ | 333,052 | $ | (795) | $ | 332,506 | ||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | (5,118) | (5,118) | ||||||||||||||||||||||||
Issuance of common stock | 5,750 | 57 | 78,180 | — | 78,237 | ||||||||||||||||||||||||
Distributions reinvested in common stock | 73 | 1 | 412 | — | 413 | ||||||||||||||||||||||||
Distributions from distributable earnings | — | — | — | (11,042) | (11,042) | ||||||||||||||||||||||||
Balance at March 31, 2020 | 30,746 | $ | 307 | $ | 411,644 | $ | (16,955) | $ | 394,996 | ||||||||||||||||||||
Balance at December 31, 2020 | 30,871 | $ | 309 | $ | 412,514 | $ | (12,388) | $ | 400,435 | ||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | 11,859 | 11,859 | ||||||||||||||||||||||||
Distributions reinvested in common stock | 46 | — | 624 | — | 624 | ||||||||||||||||||||||||
Distributions from distributable earnings | — | — | — | (11,118) | (11,118) | ||||||||||||||||||||||||
Balance at March 31, 2021 | 30,917 | $ | 309 | $ | 413,138 | $ | (11,647) | $ | 401,800 |
Paid-in capital in excess of par value | Total distributable earnings (loss) | Net assets | ||||||||||||||||
Common stock | ||||||||||||||||||
Shares | Par value | |||||||||||||||||
Balance at March 31, 2019 | 24,820 | $ | 248 | $ | 331,847 | $ | 5,104 | $ | 337,199 | |||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | 23,861 | 23,861 | |||||||||||||
Distributions reinvested in common stock | 39 | 1 | 528 | — | 529 | |||||||||||||
Distributions from net investment income | — | — | — | (8,937 | ) | (8,937 | ) | |||||||||||
Balance at June 30, 2019 | 24,859 | $ | 249 | $ | 332,375 | $ | 20,028 | $ | 352,652 | |||||||||
Balance at March 31, 2020 | 30,746 | $ | 307 | $ | 411,644 | $ | (16,955 | ) | $ | 394,996 | ||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | 21,222 | 21,222 | |||||||||||||
Distributions reinvested in common stock | 38 | 1 | 372 | — | 373 | |||||||||||||
Distributions from net investment income | — | — | — | (11,068 | ) | (11,068 | ) | |||||||||||
Balance at June 30, 2020 | 30,784 | $ | 308 | $ | 412,016 | $ | (6,801 | ) | $ | 405,523 | ||||||||
Balance at December 31, 2018 | 24,780 | $ | 248 | $ | 331,329 | $ | 2,954 | $ | 334,531 | |||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | 34,930 | 34,930 | |||||||||||||
Distributions reinvested in common stock | 79 | 1 | 1,046 | — | 1,047 | |||||||||||||
Distributions from net investment income | — | — | — | (17,856 | ) | (17,856 | ) | |||||||||||
Balance at June 30, 2019 | 24,859 | $ | 249 | $ | 332,375 | $ | 20,028 | $ | 352,652 | |||||||||
Balance at December 31, 2019 | 24,923 | $ | 249 | $ | 333,052 | $ | (795 | ) | $ | 332,506 | ||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | 16,104 | 16,104 | |||||||||||||
Issuance of common stock | 5,750 | 58 | 78,178 | — | 78,236 | |||||||||||||
Distributions reinvested in common stock | 111 | 1 | 786 | — | 787 | |||||||||||||
Distributions from net investment income | — | — | — | (22,110 | ) | (22,110 | ) | |||||||||||
Balance at June 30, 2020 | 30,784 | $ | 308 | $ | 412,016 | $ | (6,801 | ) | $ | 405,523 |
For the Three Months Ended March 31, | |||||||||||
2021 | 2020 | ||||||||||
Cash Flows from Operating Activities: | |||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 11,859 | $ | (5,118) | |||||||
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||||||||||
Fundings and purchases of investments | (59,906) | (79,519) | |||||||||
Principal payments and proceeds from investments | 66,035 | 6,813 | |||||||||
Payment-in-kind interest on investments | (1,981) | (852) | |||||||||
Net change in unrealized (gains) losses on investments | (18,649) | 17,025 | |||||||||
Net realized (gains) losses on investments | 15,697 | 330 | |||||||||
Amortization and (accretion) of premiums and discounts, net | (921) | (1,335) | |||||||||
(Accretion) reduction of end-of-term payments, net of prepayments | (192) | (2,488) | |||||||||
Amortization of debt fees and issuance costs | 705 | 412 | |||||||||
Change in operating assets and liabilities: | |||||||||||
Prepaid expenses and other assets | (566) | 4 | |||||||||
Base management fee payable | (143) | 312 | |||||||||
Income incentive fee payable | (555) | (1,362) | |||||||||
Payable to directors and officers | — | (86) | |||||||||
Other accrued expenses and liabilities | (6,020) | (6,358) | |||||||||
Net cash (used in) provided by operating activities | 5,363 | (72,222) | |||||||||
Cash Flows from Financing Activities: | |||||||||||
Borrowings under revolving credit facility | 40,000 | 74,000 | |||||||||
Repayments under revolving credit facility | (158,000) | (79,300) | |||||||||
Distributions paid | (13,580) | (10,629) | |||||||||
Deferred credit facility costs | (226) | — | |||||||||
Debt issuance costs 2026 Notes | (2,135) | — | |||||||||
Proceeds from issuance of 2026 Notes | 200,000 | — | |||||||||
Proceeds from issuance of 2025 Notes | — | 69,054 | |||||||||
Proceeds from issuance of common stock | — | 78,236 | |||||||||
Net cash provided by (used in) financing activities | 66,059 | 131,361 | |||||||||
Net change in cash, cash equivalents and restricted cash | 71,422 | 59,139 | |||||||||
Cash, cash equivalents and restricted cash at beginning of period | 44,677 | 26,441 | |||||||||
Cash, cash equivalents and restricted cash at end of period | $ | 116,099 | $ | 85,580 | |||||||
For the Three Months Ended March 31, | |||||||||||
2021 | 2020 | ||||||||||
Cash and cash equivalents | $ | 114,964 | $ | 84,693 | |||||||
Restricted cash | 1,135 | 887 | |||||||||
Total cash, cash equivalents and restricted cash shown in the statement of cash flows | $ | 116,099 | $ | 85,580 | |||||||
Supplemental Disclosures of Cash Flow Information: | |||||||||||
Cash paid for interest | $ | 3,789 | $ | 3,685 | |||||||
Distributions reinvested | $ | 624 | $ | 413 | |||||||
Excise tax paid | $ | 478 | $ | 259 |
For the Six Months Ended June 30, | |||||||
2020 | 2019 | ||||||
Cash Flows from Operating Activities: | |||||||
Net increase (decrease) in net assets resulting from operations | $ | 16,104 | $ | 34,930 | |||
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||||||
Fundings and purchases of investments, net | (99,923 | ) | (163,103 | ) | |||
Sales (purchase) of short-term investments, net | — | 19,999 | |||||
Principal payments and proceeds from investments | 64,710 | 121,797 | |||||
Payment-in-kind interest on investments | (3,616 | ) | (1,062 | ) | |||
Net change in unrealized (gains) losses on investments | 8,140 | (14,938 | ) | ||||
Net realized (gains) losses on investments | (471 | ) | (46 | ) | |||
Amortization and accretion of premiums and discounts, net | (2,783 | ) | (903 | ) | |||
(Accretion) reduction of end-of-term payments, net of prepayments | (5,782 | ) | (4,074 | ) | |||
Amortization of deferred financing and debt issuance costs | 874 | 765 | |||||
Change in operating assets and liabilities: | |||||||
Payable for U.S. Treasury bill assets | — | (19,999 | ) | ||||
Prepaid expenses and other assets | 976 | (520 | ) | ||||
Base management fee payable | 773 | 351 | |||||
Income incentive fee payable | 1,522 | (28 | ) | ||||
Payable to directors and officers | (86 | ) | (18 | ) | |||
Other accrued expenses and liabilities | (5,538 | ) | (3,521 | ) | |||
Net cash (used in) provided by operating activities | (25,100 | ) | (30,370 | ) | |||
Cash Flows from Financing Activities: | |||||||
(Repayments) borrowings under revolving credit facility, net | (104,300 | ) | 62,776 | ||||
Distributions paid | (21,323 | ) | (16,809 | ) | |||
Deferred credit facility costs | — | (1,175 | ) | ||||
Proceeds from issuance of 2025 Notes | 68,997 | — | |||||
Proceeds from issuance of common stock | 78,236 | — | |||||
Net cash provided by (used in) financing activities | 21,610 | 44,792 | |||||
Net change in cash and restricted cash | (3,490 | ) | 14,422 | ||||
Cash and restricted cash at beginning of period | 26,441 | 9,949 | |||||
Cash and restricted cash at end of period | $ | 22,951 | $ | 24,371 | |||
Supplemental Disclosures of Cash Flow Information: | |||||||
Cash paid for interest | $ | 6,842 | $ | 4,248 | |||
Distributions reinvested | $ | 786 | $ | 1,047 | |||
For the Six Months Ended June 30, | |||||||
2020 | 2019 | ||||||
Cash | $ | 19,080 | $ | 12,415 | |||
Restricted cash | 3,871 | 11,956 | |||||
Total cash and restricted cash shown in the statement of cash flows | $ | 22,951 | $ | 24,371 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||||||||
Envoy, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.25% EOT payment) | 5/22/2020 | $ | 1,000 | $ | 999 | $ | 999 | 5/31/2023 | |||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.25% EOT payment)(2) | 3/31/2021 | 2,000 | 1,947 | 1,947 | 3/31/2024 | |||||||||||||||||||||||||||||||||
3,000 | 2,946 | 2,946 | ||||||||||||||||||||||||||||||||||||
Hi.Q, Inc. | Growth Capital Loan (10.75% interest rate, 2.00% EOT payment) | 12/17/2018 | 13,250 | 13,225 | 13,225 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.50% interest rate, 10.75% floor, 1.00% EOT payment)(2) | 12/31/2020 | 6,868 | 6,829 | 6,829 | 8/31/2025 | |||||||||||||||||||||||||||||||||
20,118 | 20,054 | 20,054 | ||||||||||||||||||||||||||||||||||||
OneSource Virtual, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 6/29/2018 | 5,315 | 5,583 | 5,598 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 11/5/2019 | 4,516 | 4,554 | 4,579 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 1/31/2020 | 2,855 | 2,876 | 2,894 | 1/31/2024 | |||||||||||||||||||||||||||||||||
12,686 | 13,013 | 13,071 | ||||||||||||||||||||||||||||||||||||
Passport Labs, Inc. | Growth Capital Loan (9.75% interest rate, 5.25% EOT payment) | 10/11/2018 | 19,000 | 19,241 | 19,057 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.25% interest rate, 5.25% EOT payment) | 5/15/2019 | 6,000 | 6,018 | 5,949 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 5/15/2019 | 5,000 | 5,054 | 4,995 | 5/31/2024 | |||||||||||||||||||||||||||||||||
30,000 | 30,313 | 30,001 | ||||||||||||||||||||||||||||||||||||
Total Business Applications Software - 16.44%* | 65,804 | 66,326 | 66,072 | |||||||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||||||||
Transfix, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.50% floor, 2.00% EOT payment) | 12/23/2019 | 10,000 | 10,042 | 10,042 | 12/31/2021 | ||||||||||||||||||||||||||||||||
Total Commercial Services - 2.50%* | 10,000 | 10,042 | 10,042 | |||||||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||||||||
Activehours, Inc. | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment)(2) | 10/8/2020 | 6,000 | 5,923 | 5,923 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Total Consumer Finance - 1.47%* | 6,000 | 5,923 | 5,923 | |||||||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||||||||
Imperfect Foods, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 3.50% EOT payment) | 9/30/2020 | 19,000 | 18,852 | 18,852 | 9/30/2024 | ||||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 4.69%* | 19,000 | 18,852 | 18,852 | |||||||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||||||||
Clutter Inc. | Growth Capital Loan (9.25% interest rate, 6.00% EOT payment)(2) | 12/23/2020 | 3,000 | 2,942 | 2,942 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% interest rate, 7.00% EOT payment)(2) | 3/26/2021 | 6,000 | 5,832 | 5,832 | 3/31/2024 | |||||||||||||||||||||||||||||||||
9,000 | 8,774 | 8,774 | ||||||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 2/9/2021 | 3,350 | 3,327 | 3,327 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 2/9/2021 | 6,700 | 6,514 | 6,514 | 12/31/2024 | |||||||||||||||||||||||||||||||||
10,050 | 9,841 | 9,841 | ||||||||||||||||||||||||||||||||||||
Outdoor Voices, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 11.75% EOT payment) | 2/26/2019 | 4,000 | 4,187 | 4,187 | 2/29/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 11.75% EOT payment) | 4/4/2019 | 5,000 | 5,143 | 5,143 | 2/29/2024 | |||||||||||||||||||||||||||||||||
9,000 | 9,330 | 9,330 | ||||||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment)(2) | 2/1/2021 | 8,654 | 8,424 | 8,155 | 1/31/2025 | ||||||||||||||||||||||||||||||||
Total Consumer Products and Services - 8.98%* | 36,704 | 36,369 | 36,100 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Debt Investments | ||||||||||||||||||
Buildings and Property | ||||||||||||||||||
Knotel, Inc. | Growth Capital Loan (Prime + 4.25% interest rate, 9.50% floor, 9.00% EOT payment) | 2/28/2019 | $ | 9,000 | $ | 9,258 | $ | 8,873 | 8/31/2022 | |||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.50% floor, 9.00% EOT payment) | 3/25/2019 | 6,000 | 6,156 | 5,885 | 9/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.50% floor, 9.00% EOT payment) | 4/18/2019 | 9,000 | 9,210 | 8,783 | 10/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.50% floor, 9.00% EOT payment) | 9/30/2019 | 6,000 | 6,051 | 5,701 | 3/31/2023 | |||||||||||||
Total Buildings and Property - 7.21%* | 30,000 | 30,675 | 29,242 | |||||||||||||||
Business Applications Software | ||||||||||||||||||
Envoy, Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.25% EOT payment) | 5/22/2020 | 1,000 | 977 | 977 | 5/31/2023 | ||||||||||||
Farmer's Business Network, Inc. | Growth Capital Loan (12.00% interest rate) | 2/13/2020 | 3,333 | 3,301 | 3,301 | 2/28/2022 | ||||||||||||
Growth Capital Loan (12.00% interest rate) | 3/11/2020 | 6,667 | 6,599 | 6,599 | 3/31/2022 | |||||||||||||
Growth Capital Loan (12.00% interest rate) | 4/1/2020 | 6,667 | 6,597 | 6,597 | 3/31/2022 | |||||||||||||
Growth Capital Loan (12.00% interest rate) | 6/4/2020 | 300 | 297 | 297 | 6/30/2022 | |||||||||||||
16,967 | 16,794 | 16,794 | ||||||||||||||||
HI.Q, Inc. | Growth Capital Loan (11.00% interest rate, 2.00% EOT payment) | 12/17/2018 | 13,250 | 13,188 | 13,188 | 6/30/2023 | ||||||||||||
OneSource Virtual, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 6/29/2018 | 8,195 | 8,573 | 8,611 | 6/30/2022 | ||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 0.25% EOT payment) | 11/5/2019 | 5,000 | 5,013 | 5,053 | 11/30/2023 | |||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 0.25% EOT payment) | 1/31/2020 | 3,000 | 3,008 | 3,033 | 1/31/2024 | |||||||||||||
16,195 | 16,594 | 16,697 | ||||||||||||||||
Passport Labs, Inc. | Growth Capital Loan (9.75% interest rate, 5.25% EOT payment) | 10/11/2018 | 19,000 | 19,044 | 18,590 | 8/31/2023 | ||||||||||||
Growth Capital Loan (10.25% interest rate, 5.25% EOT payment) | 5/15/2019 | 6,000 | 5,958 | 5,797 | 3/31/2024 | |||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 5/15/2019 | 5,000 | 4,991 | 4,854 | 5/31/2024 | |||||||||||||
30,000 | 29,993 | 29,241 | ||||||||||||||||
Quantcast Corporation | Growth Capital Loan (Prime + 6.25% interest rate, 10.50% floor, 6.00% EOT payment) | 3/12/2018 | 6,025 | 6,743 | 6,754 | 3/31/2021 | ||||||||||||
Total Business Applications Software - 20.63%* | 83,437 | 84,289 | 83,651 | |||||||||||||||
Business to Business Marketplace | ||||||||||||||||||
Adjust GmbH(1)(3) | Growth Capital Loan (Prime + 4.75% interest rate, 2.50% PIK interest rate, 12.00% floor) | 1/29/2019 | 20,733 | 20,535 | 20,955 | 1/31/2022 | ||||||||||||
Growth Capital Loan (Prime + 4.75% interest rate, 2.50% PIK interest rate, 12.00% floor) | 1/18/2019 | 8,300 | 8,221 | 8,389 | 1/31/2022 | |||||||||||||
Total Business to Business Marketplace - 7.24%* | 29,033 | 28,756 | 29,344 | |||||||||||||||
Commercial Services | ||||||||||||||||||
Transfix, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.50% floor, 2.00% EOT payment) | 12/23/2019 | 10,000 | 9,898 | 9,898 | 12/31/2021 | ||||||||||||
Total Commercial Services - 2.44%* | 10,000 | 9,898 | 9,898 | |||||||||||||||
Consumer Non-Durables | ||||||||||||||||||
Imperfect Foods, Inc. | Growth Capital Loan (Prime + 4.10% interest rate, 9.60% floor, 5.35% EOT payment) | 10/11/2019 | 10,000 | 9,898 | 9,898 | 4/30/2023 | ||||||||||||
Total Consumer Non-Durables - 2.44%* | 10,000 | 9,898 | 9,898 | |||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||||||||
Savage X, Inc. | Growth Capital Loan (Prime + 2.75% interest rate, 7.50% floor, 3.50% EOT payment) | 4/15/2020 | $ | 1,000 | $ | 1,030 | $ | 1,031 | 4/30/2021 | |||||||||||||||||||||||||||||
Total Consumer Retail - 0.26%* | 1,000 | 1,030 | 1,031 | |||||||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 9/30/2020 | 15,000 | 14,649 | 14,649 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Outfittery GMBH(1)(3) | Growth Capital Loan (5.50% interest rate, 5.50% PIK, 9.00% EOT payment)(2) | 1/8/2021 | 18,777 | 19,482 | 19,275 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Revolver (4.50% interest rate, 4.50% PIK, 5.00% EOT payment)(2) | 3/5/2020 | 3,298 | 3,377 | 3,522 | 12/31/2022 | |||||||||||||||||||||||||||||||||
22,075 | 22,859 | 22,797 | ||||||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment)(2) | 12/4/2020 | 10,500 | 10,127 | 10,127 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 11.84%* | 47,575 | 47,635 | 47,573 | |||||||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Growth Capital Loan (Prime + 2.25% interest rate, 7.75% floor, 4.75% EOT payment)(2) | 1/31/2020 | 8,250 | 8,605 | 8,605 | 4/30/2021 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 2.25% interest rate, 7.75% floor, 4.75% EOT payment)(2) | 1/31/2020 | 2,667 | 2,782 | 2,782 | 4/30/2021 | |||||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 2.83%* | 10,917 | 11,387 | 11,387 | |||||||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||||||||
Mind Candy Limited(1)(3) | Growth Capital Loan (12.00% PIK interest rate, 9.50% EOT payment)(2) | 6/25/2014 | 14,754 | 14,667 | 14,506 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 3/17/2020 | 1,099 | 1,099 | 1,079 | 3/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 12/21/2020 | 1,025 | 1,025 | 1,000 | 12/31/2023 | |||||||||||||||||||||||||||||||||
16,878 | 16,791 | 16,585 | ||||||||||||||||||||||||||||||||||||
Roli, Ltd.(1)(3)(7) | Growth Capital Loan (11.00% PIK interest rate, 9.50% EOT payment)(2) | 5/23/2018 | 10,732 | 10,767 | 8,036 | 5/31/2021 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% PIK interest rate, 9.50% EOT payment)(2) | 5/23/2018 | 1,342 | 1,346 | 1,005 | 5/31/2021 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.25% PIK interest rate, 9.50% EOT payment)(2) | 7/16/2018 | 1,325 | 1,317 | 995 | 7/31/2021 | |||||||||||||||||||||||||||||||||
Revolver (8.75% PIK interest rate, 4.00% EOT payment)(2) | 7/5/2018 | 129 | 129 | 98 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Revolver (9.75% PIK interest rate, 4.00% EOT payment)(2) | 7/5/2018 | 1,898 | 1,898 | 1,439 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Revolver (9.75% PIK interest rate, 4.00% EOT payment)(2) | 9/27/2018 | 4,556 | 4,556 | 3,470 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 10.00% EOT payment)(2) | 6/5/2019 | 1,283 | 1,340 | 1,053 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 20.00% EOT payment)(2) | 7/9/2019 | 627 | 627 | 501 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 20.00% EOT payment)(2) | 8/28/2019 | 538 | 538 | 441 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate)(2) | 10/24/2019 | 4,925 | 4,925 | 3,796 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate)(2) | 4/23/2020 | 1,390 | 1,390 | 1,126 | 7/31/2020 | |||||||||||||||||||||||||||||||||
Convertible Note (8.00% interest rate)(2) | 7/15/2020 | 2,525 | 2,525 | — | 7/15/2023 | |||||||||||||||||||||||||||||||||
31,270 | 31,358 | 21,960 | ||||||||||||||||||||||||||||||||||||
Total Entertainment - 9.59%* | 48,148 | 48,149 | 38,545 | |||||||||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||||||||
Prodigy Finance Limited(1)(3) | Growth Capital Loan (8.00% PIK interest rate)(2) | 12/31/2020 | 36,967 | 35,907 | 35,655 | 12/1/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 1/19/2021 | 4,324 | 4,304 | 4,304 | 6/30/2021 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 1/19/2021 | 766 | 763 | 763 | 6/30/2021 | |||||||||||||||||||||||||||||||||
Total Financial Institution and Services - 10.13%* | 42,057 | 40,974 | 40,722 | |||||||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||||||||
Capsule Corporation | Growth Capital Loan (Prime + 7.75% interest rate, 13.00% floor, 13.00% EOT payment)(2) | 12/30/2020 | 15,000 | 14,649 | 14,649 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Food & Drug - 3.65%* | 15,000 | 14,649 | 14,649 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Consumer Products and Services | ||||||||||||||||||
Outdoor Voices, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 9.75% EOT payment) | 2/26/2019 | $ | 4,000 | $ | 4,071 | $ | 4,018 | 2/28/2022 | |||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 9.75% EOT payment) | 4/4/2019 | 6,000 | 6,074 | 5,987 | 4/30/2022 | |||||||||||||
10,000 | 10,145 | 10,005 | ||||||||||||||||
Quip NYC, Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 12.00% floor, 6.25% EOT payment) | 4/16/2019 | 10,000 | 10,030 | 10,030 | 4/30/2022 | ||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 12.00% floor, 6.25% EOT payment) | 6/26/2019 | 5,000 | 4,990 | 4,990 | 6/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 12.00% floor, 6.25% EOT payment) | 6/26/2019 | 5,000 | 4,990 | 4,990 | 6/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 12.00% floor, 6.25% EOT payment) | 9/26/2019 | 5,000 | 4,955 | 4,955 | 9/30/2022 | |||||||||||||
25,000 | 24,965 | 24,965 | ||||||||||||||||
Total Consumer Products and Services - 8.62%* | 35,000 | 35,110 | 34,970 | |||||||||||||||
Consumer Retail | ||||||||||||||||||
LovePop, Inc. | Growth Capital Loan (Prime + 4.75% interest rate, 9.75% floor, 6.75% EOT payment) | 11/5/2018 | 10,000 | 10,263 | 10,263 | 11/30/2021 | ||||||||||||
Savage X, Inc. | Growth Capital Loan (Prime + 2.75% interest rate, 7.50% floor, 3.50% EOT payment) | 4/15/2020 | 1,000 | 989 | 989 | 4/30/2021 | ||||||||||||
Total Consumer Retail - 2.77%* | 11,000 | 11,252 | 11,252 | |||||||||||||||
Database Software | ||||||||||||||||||
Qubole Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 11.00% floor, 6.75% EOT payment) | 12/27/2019 | 10,000 | 9,949 | 9,761 | 12/31/2023 | ||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 11.00% floor, 6.75% EOT payment) | 12/27/2019 | 5,000 | 4,974 | 4,881 | 12/31/2023 | |||||||||||||
Total Database Software - 3.61%* | 15,000 | 14,923 | 14,642 | |||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||
FabFitFun, Inc. | Growth Capital Loan (10.50% interest rate, 6.00% EOT payment) | 2/26/2018 | 2,320 | 2,562 | 2,566 | 2/28/2021 | ||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 10.50% floor, 6.50% EOT payment) | 11/19/2019 | 5,000 | 4,928 | 4,965 | 11/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 10.50% floor, 6.50% EOT payment) | 11/19/2019 | 5,000 | 4,928 | 4,965 | 11/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 10.50% floor, 6.50% EOT payment) | 11/19/2019 | 5,000 | 4,928 | 4,965 | 11/30/2022 | |||||||||||||
17,320 | 17,346 | 17,461 | ||||||||||||||||
Outfittery GMBH(1)(3) | Growth Capital Loan (Prime + 8.25% interest rate, 13.75% floor, 11.00% EOT payment)(2) | 8/11/2017 | 6,722 | 7,015 | 6,438 | 8/31/2022 | ||||||||||||
Growth Capital Loan (12.00% interest rate, 9.00% EOT payment)(2) | 6/7/2018 | 1,995 | 2,107 | 1,974 | 6/30/2021 | |||||||||||||
Growth Capital Loan (12.75% interest rate, 9.00% EOT payment)(2) | 12/28/2018 | 2,294 | 2,329 | 2,233 | 12/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 12.75% floor, 9.00% EOT payment)(2) | 8/7/2019 | 3,947 | 3,859 | 3,724 | 8/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 12.75% floor, 9.00% EOT payment)(2) | 9/23/2019 | 3,305 | 3,090 | 3,050 | 9/30/2022 | |||||||||||||
Revolver (11.00% interest rate, 2.00% EOT payment)(2) | 3/5/2020 | 3,298 | 3,158 | 3,189 | 12/31/2020 | |||||||||||||
21,561 | 21,558 | 20,608 | ||||||||||||||||
Total E-Commerce - Clothing and Accessories - 9.39%* | 38,881 | 38,904 | 38,069 | |||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||
Enjoy Technology, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 5.50% EOT payment) | 9/28/2018 | 8,436 | 8,689 | 8,689 | 9/30/2021 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||||||||
Medly Health Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | $ | 5,000 | $ | 4,849 | $ | 4,849 | 12/31/2023 | |||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | 5,000 | 4,849 | 4,849 | 12/31/2023 | |||||||||||||||||||||||||||||||||
10,000 | 9,698 | 9,698 | ||||||||||||||||||||||||||||||||||||
Nurx Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 7.75% EOT payment) | 11/5/2019 | 18,062 | 18,471 | 18,471 | 11/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 9.00% EOT payment)(2) | 12/31/2020 | 10,000 | 9,899 | 9,899 | 12/31/2025 | |||||||||||||||||||||||||||||||||
28,062 | 28,370 | 28,370 | ||||||||||||||||||||||||||||||||||||
Total Healthcare Technology Systems - 9.47%* | 38,062 | 38,068 | 38,068 | |||||||||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 12.50% floor, 7.50% EOT payment) | 8/9/2019 | 15,000 | 15,173 | 15,173 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 11.25% floor, 6.25% EOT payment) | 11/1/2019 | 15,000 | 15,216 | 15,216 | 10/31/2022 | |||||||||||||||||||||||||||||||||
Total Household & Office Goods - 7.56%* | 30,000 | 30,389 | 30,389 | |||||||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Growth Capital Loan (10.00% interest rate, 6.50% EOT payment) | 3/20/2020 | 10,000 | 10,086 | 10,086 | 3/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.75% interest rate, 4.25% EOT payment)(2) | 12/31/2020 | 5,000 | 4,917 | 4,917 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Total Multimedia and Design Software - 3.73%* | 15,000 | 15,003 | 15,003 | |||||||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||||||||
Signifyd, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 12.25% floor, 8.75% EOT payment) | 4/8/2020 | 6,000 | 6,009 | 6,009 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Virtual Instruments Corporation | Growth Capital Loan (10.00% interest rate) | 4/4/2016 | 5,000 | 5,000 | 4,971 | 4/4/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (5.00% PIK interest rate)(2) | 8/7/2018 | 32,352 | 32,352 | 28,136 | 4/4/2022 | |||||||||||||||||||||||||||||||||
37,352 | 37,352 | 33,107 | ||||||||||||||||||||||||||||||||||||
Total Network Systems Management Software - 9.74%* | 43,352 | 43,361 | 39,116 | |||||||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Growth Capital Loan (12.00% interest rate)(2) | 3/8/2021 | 7,035 | 6,646 | 6,502 | 3/8/2031 | ||||||||||||||||||||||||||||||||
Upgrade, Inc. | Growth Capital Loan (12.00% interest rate)(2) | 1/29/2021 | 18,170 | 18,170 | 18,170 | 1/31/2024 | ||||||||||||||||||||||||||||||||
Total Other Financial Services - 6.14%* | 25,205 | 24,816 | 24,672 | |||||||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||||||||
Sonder USA, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 10.50% floor, 5.25% EOT payment) | 12/28/2018 | 12,993 | 13,673 | 13,673 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 5,000 | 5,027 | 5,027 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 2,000 | 2,003 | 2,003 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Total Real Estate Services - 5.15%* | 19,993 | 20,703 | 20,703 | |||||||||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Growth Capital Loan (Prime + 2.90% interest rate, 8.40% floor, 8.00% EOT payment) | 3/27/2019 | 10,000 | 10,241 | 10,241 | 9/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 3.70% interest rate, 9.20% floor, 8.00% EOT payment) | 9/30/2019 | 10,000 | 10,130 | 10,130 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 8.00% EOT payment) | 12/23/2019 | 10,000 | 10,084 | 10,084 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Total Security Services - 7.58%* | 30,000 | 30,455 | 30,455 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Grove Collaborative, Inc. | Growth Capital Loan (Prime + 1.25% interest rate, 6.75% floor, 1.25% EOT payment)(2) | 1/31/2020 | $ | 11,000 | $ | 11,085 | $ | 11,085 | 7/31/2020 | |||||||||
Growth Capital Loan (Prime + 2.25% interest rate, 7.75% floor, 4.75% EOT payment)(2) | 1/31/2020 | 8,250 | 8,289 | 8,289 | 4/30/2021 | |||||||||||||
Growth Capital Loan (Prime + 2.25% interest rate, 7.75% floor, 4.75% EOT payment)(2) | 1/31/2020 | 2,667 | 2,679 | 2,679 | 4/30/2021 | |||||||||||||
21,917 | 22,053 | 22,053 | ||||||||||||||||
Total E-Commerce - Personal Goods - 7.58%* | 30,353 | 30,742 | 30,742 | |||||||||||||||
Entertainment | ||||||||||||||||||
Mind Candy Limited(1)(3) | Growth Capital Loan (12.00% PIK interest rate, 9.50% EOT payment) | 6/25/2014 | 13,473 | 13,345 | 13,112 | 6/30/2022 | ||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 3/17/2020 | 1,027 | 1,027 | 1,001 | 3/31/2023 | |||||||||||||
14,500 | 14,372 | 14,113 | ||||||||||||||||
Roli, Ltd.(1)(3)(7) | Growth Capital Loan (11.00% interest rate, 9.50% EOT payment)(2) | 5/23/2018 | 10,732 | 10,767 | 5,441 | 5/31/2021 | ||||||||||||
Growth Capital Loan (11.00% interest rate, 9.50% EOT payment)(2) | 5/23/2018 | 1,342 | 1,346 | 680 | 5/31/2021 | |||||||||||||
Growth Capital Loan (11.25% interest rate, 9.50% EOT payment)(2) | 7/16/2018 | 1,325 | 1,317 | 674 | 7/31/2021 | |||||||||||||
Revolver (Prime + 3.25% interest rate, 8.00% floor, 5.00% EOT payment)(2) | 7/5/2018 | 129 | 129 | 66 | 10/31/2020 | |||||||||||||
Revolver (Prime + 4.25% interest rate, 9.00% floor, 5.00% EOT payment)(2) | 7/5/2018 | 1,898 | 1,898 | 974 | 10/31/2020 | |||||||||||||
Revolver (Prime + 4.25% interest rate, 9.00% floor, 5.00% EOT payment)(2) | 9/27/2018 | 4,556 | 4,556 | 2,349 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 10.00% EOT payment)(2) | 6/5/2019 | 1,283 | 1,340 | 713 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 20.00% EOT payment)(2) | 7/9/2019 | 627 | 627 | 339 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 20.00% EOT payment)(2) | 8/28/2019 | 538 | 538 | 298 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate)(2) | 10/24/2019 | 4,925 | 4,925 | 2,577 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate)(2) | 4/23/2020 | 1,390 | 1,390 | 887 | 7/31/2020 | |||||||||||||
28,745 | 28,833 | 14,998 | ||||||||||||||||
Total Entertainment - 7.18%* | 43,245 | 43,205 | 29,111 | |||||||||||||||
Financial Institution and Services | ||||||||||||||||||
Prodigy Finance Limited(1)(3) | Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 12/5/2017 | 18,744 | 20,080 | 19,555 | 12/31/2020 | ||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 3/7/2018 | 2,291 | 2,427 | 2,334 | 3/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 7/31/2018 | 3,436 | 3,586 | 3,394 | 7/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 8/8/2018 | 2,603 | 2,709 | 2,554 | 8/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 9/5/2018 | 1,562 | 1,620 | 1,522 | 9/30/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 9/5/2018 | 2,603 | 2,700 | 2,536 | 9/30/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 11/15/2018 | 6,248 | 6,434 | 5,998 | 11/30/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 12/6/2018 | 4,165 | 4,274 | 3,969 | 12/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 4/30/2019 | 139 | 140 | 129 | 4/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 8/6/2019 | 278 | 278 | 251 | 8/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 7.75% PIK interest rate, 12.00% floor, 10.00% EOT payment) | 4/21/2020 | 2,585 | 2,547 | 2,240 | 4/30/2023 | |||||||||||||
Total Financial Institution and Services - 10.97%* | 44,654 | 46,795 | 44,482 | |||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 10/21/2019 | $ | 10,000 | $ | 10,267 | $ | 9,922 | 4/30/2022 | |||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 11/27/2019 | 5,000 | 5,116 | 4,932 | 5/31/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 1/6/2020 | 10,000 | 10,179 | 9,764 | 7/31/2022 | |||||||||||||||||||||||||||||||||
Total Shopping Facilitators - 6.13%* | 25,000 | 25,562 | 24,618 | |||||||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||||||||
ClassPass Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 8.25% EOT payment) | 8/15/2019 | 15,000 | 15,368 | 15,278 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 8.25% EOT payment) | 9/30/2019 | 15,000 | 15,321 | 15,227 | 9/30/2023 | |||||||||||||||||||||||||||||||||
Total Social/Platform Software - 7.59%* | 30,000 | 30,689 | 30,505 | |||||||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 10/30/2019 | 20,000 | 19,981 | 19,666 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 3/27/2020 | 10,000 | 9,929 | 9,745 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Convertible Note (5.00% interest rate)(2) | 8/11/2020 | 300 | 300 | 295 | 2/11/2023 | |||||||||||||||||||||||||||||||||
Total Travel & Leisure - 7.39%* | 30,300 | 30,210 | 29,706 | |||||||||||||||||||||||||||||||||||
Total Debt Investments - 142.89%* | $ | 589,117 | $ | 590,592 | $ | 574,131 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Food & Drug | ||||||||||||||||||
Freshly Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 11.75% floor, 5.00% EOT payment) | 10/9/2019 | $ | 6,000 | $ | 5,790 | $ | 5,840 | 10/31/2022 | |||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 9.75% floor, 6.75% EOT payment) | 12/30/2019 | 3,000 | 2,899 | 2,919 | 12/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 11.25% floor, 6.50% EOT payment) | 12/30/2019 | 3,000 | 2,894 | 2,916 | 6/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 9.75% floor, 6.75% EOT payment) | 3/20/2020 | 3,000 | 2,869 | 2,891 | 3/31/2023 | |||||||||||||
Total Food & Drug - 3.59%* | 15,000 | 14,452 | 14,566 | |||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||
Nurx Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 7.75% EOT payment) | 11/5/2019 | 20,000 | 19,953 | 19,953 | 11/30/2023 | ||||||||||||
Total Healthcare Technology Systems - 4.92%* | 20,000 | 19,953 | 19,953 | |||||||||||||||
Household & Office Goods | ||||||||||||||||||
Casper Sleep Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 12.50% floor, 7.50% EOT payment) | 8/9/2019 | 15,000 | 14,939 | 14,939 | 8/31/2023 | ||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 11.25% floor, 6.25% EOT payment) | 11/1/2019 | 15,000 | 14,926 | 14,926 | 10/31/2022 | |||||||||||||
Total Household & Office Goods - 7.36%* | 30,000 | 29,865 | 29,865 | |||||||||||||||
Human Resources/Recruitment | ||||||||||||||||||
Hired, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 9.75% floor, 6.00% EOT payment) | 3/6/2019 | 5,000 | 5,053 | 4,950 | 9/30/2022 | ||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 11.25% floor, 7.25% EOT payment) | 3/6/2019 | 5,000 | 5,056 | 4,921 | 3/31/2022 | |||||||||||||
Total Human Resources/Recruitment - 2.43%* | 10,000 | 10,109 | 9,871 | |||||||||||||||
Multimedia and Design Software | ||||||||||||||||||
Pencil and Pixel, Inc. | Growth Capital Loan (10.00% interest rate, 6.50% EOT payment) | 3/20/2020 | 10,000 | 9,831 | 9,679 | 3/31/2023 | ||||||||||||
Total Multimedia and Design Software - 2.39%* | 10,000 | 9,831 | 9,679 | |||||||||||||||
Network Systems Management Software | ||||||||||||||||||
Signifyd, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 12.25% floor, 8.75% EOT payment) | 4/8/2020 | 6,000 | 5,894 | 5,894 | 10/31/2023 | ||||||||||||
Virtual Instruments Corporation | Growth Capital Loan (10.00% interest rate) | 4/4/2016 | 5,000 | 5,000 | 5,177 | 4/4/2021 | ||||||||||||
Growth Capital Loan (5.00% PIK interest rate) | 8/7/2018 | 31,205 | 31,205 | 28,852 | 4/4/2022 | |||||||||||||
36,205 | 36,205 | 34,029 | ||||||||||||||||
Total Network Systems Management Software - 9.84%* | 42,205 | 42,099 | 39,923 | |||||||||||||||
Other Financial Services | ||||||||||||||||||
Upgrade, Inc. | Growth Capital Loan (9.50% interest rate, 8.50% EOT payment) | 1/18/2019 | 6,000 | 6,121 | 6,121 | 1/31/2023 | ||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 1/18/2019 | 1,522 | 1,550 | 1,550 | 1/31/2023 | |||||||||||||
Growth Capital Loan (9.25% interest rate, 2.75% EOT payment) | 1/18/2019 | 6,391 | 6,662 | 6,662 | 1/31/2021 | |||||||||||||
Growth Capital Loan (9.50% interest rate, 6.25% EOT payment) | 3/1/2019 | 5,152 | 5,306 | 5,306 | 2/28/2022 | |||||||||||||
Total Other Financial Services - 4.84%* | 19,065 | 19,639 | 19,639 | |||||||||||||||
Real Estate Services | ||||||||||||||||||
HomeLight, Inc. | Growth Capital Loan (13.00% interest rate) | 4/16/2019 | 2,000 | 1,976 | 1,987 | 4/30/2022 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of March 31, 2021 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Warrant Investments(8) | ||||||||||||||||||||||||||||||||
Advertising / Marketing | ||||||||||||||||||||||||||||||||
InMobi Pte Ltd.(1)(3) | Ordinary Shares(2) | 12/13/2013 | 48,500 | $ | 35 | $ | 13 | |||||||||||||||||||||||||
Total Advertising / Marketing - 0.00%* | 48,500 | 35 | 13 | |||||||||||||||||||||||||||||
Building Materials/Construction Machinery | ||||||||||||||||||||||||||||||||
View, Inc. | Preferred Stock(2) | 6/13/2017 | 105,682 | 500 | 35 | |||||||||||||||||||||||||||
Total Building Materials/Construction Machinery - 0.01%* | 105,682 | 500 | 35 | |||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 8/3/2020 | 28,980 | 102 | 102 | |||||||||||||||||||||||||||
Envoy, Inc. | Preferred Stock | 5/8/2020 | 35,893 | 82 | 86 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock(2) | 1/3/2020 | 37,666 | 33 | 252 | |||||||||||||||||||||||||||
FinancialForce.com, Inc. | Preferred Stock(2) | 6/20/2016 | 547,440 | 1,540 | 2,480 | |||||||||||||||||||||||||||
Hi.Q, Inc. | Preferred Stock | 12/17/2018 | 606,952 | 196 | 971 | |||||||||||||||||||||||||||
Preferred Stock(2) | 12/31/2020 | 36,498 | 45 | 45 | ||||||||||||||||||||||||||||
643,450 | 241 | 1,016 | ||||||||||||||||||||||||||||||
Narvar, Inc. | Preferred Stock(2) | 8/28/2020 | 21,790 | 102 | 102 | |||||||||||||||||||||||||||
OneSource Virtual, Inc. | Preferred Stock | 6/25/2018 | 70,773 | 161 | 335 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock | 9/28/2018 | 21,929 | 303 | 590 | |||||||||||||||||||||||||||
Quantcast Corporation | Cash Exit Fee(2)(5) | 8/9/2018 | — | 213 | 161 | |||||||||||||||||||||||||||
Toast, Inc. | Preferred Stock(2) | 2/1/2018 | 26,325 | 27 | 401 | |||||||||||||||||||||||||||
Total Business Applications Software - 1.38%* | 1,434,246 | 2,804 | 5,525 | |||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Preferred Stock(2) | 3/16/2021 | 13,939 | 92 | 92 | |||||||||||||||||||||||||||
Optoro, Inc. | Preferred Stock(2) | 7/13/2015 | 10,346 | 40 | 33 | |||||||||||||||||||||||||||
RetailNext, Inc. | Preferred Stock(2) | 11/16/2017 | 123,420 | 80 | 111 | |||||||||||||||||||||||||||
Total Business to Business Marketplace - 0.06%* | 147,705 | 212 | 236 | |||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Transfix, Inc. | Preferred Stock | 5/31/2019 | 133,502 | 188 | 188 | |||||||||||||||||||||||||||
Total Commercial Services - 0.05%* | 133,502 | 188 | 188 | |||||||||||||||||||||||||||||
Conferencing Equipment / Services | ||||||||||||||||||||||||||||||||
Fuze, Inc. (fka Thinking Phone Networks, Inc.) | Preferred Stock(2) | 9/29/2015 | 323,381 | 670 | 205 | |||||||||||||||||||||||||||
Total Conferencing Equipment / Services - 0.05%* | 323,381 | 670 | 205 | |||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock(2) | 10/8/2020 | 36,972 | 97 | 97 | |||||||||||||||||||||||||||
Hello Digit, Inc. | Preferred Stock(2) | 9/8/2020 | 723 | 12 | 12 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.03%* | 37,695 | 109 | 109 | |||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Hims & Hers Health, Inc. (fka Hims, Inc.) | Preferred Stock(2) | 11/27/2019 | 217,943 | 73 | 1,388 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 6/6/2019 | 49,709 | 189 | 275 | |||||||||||||||||||||||||||
Common Stock | 9/30/2020 | 48,391 | 208 | 354 | ||||||||||||||||||||||||||||
98,100 | 397 | 629 | ||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.50%* | 316,043 | 470 | 2,017 | |||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Sonder USA, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 10.50% floor, 5.25% EOT payment) | 12/28/2018 | $ | 20,000 | $ | 20,308 | $ | 20,141 | 6/30/2022 | |||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 5,000 | 4,956 | 4,869 | 3/31/2024 | |||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 2,000 | 1,971 | 1,936 | 3/31/2024 | |||||||||||||
27,000 | 27,235 | 26,946 | ||||||||||||||||
Total Real Estate Services - 7.13%* | 29,000 | 29,211 | 28,933 | |||||||||||||||
Restaurant / Food Service | ||||||||||||||||||
Munchery, Inc.(7) | Growth Capital Loan (Prime + 8.25% PIK interest rate, 11.50% floor, 8.75% EOT payment) | 6/30/2016 | 2,504 | 2,645 | 1,347 | 6/30/2019 | ||||||||||||
Growth Capital Loan (Prime + 8.25% PIK interest rate, 11.50% floor)(2) | 4/25/2018 | 300 | 300 | 153 | 6/30/2019 | |||||||||||||
Total Restaurant / Food Service - 0.37%* | 2,804 | 2,945 | 1,500 | |||||||||||||||
Security Services | ||||||||||||||||||
ForgeRock, Inc. | Growth Capital Loan (Prime + 2.90% interest rate, 8.40% floor, 8.00% EOT payment) | 3/27/2019 | 10,000 | 10,100 | 10,100 | 9/30/2023 | ||||||||||||
Growth Capital Loan (Prime + 3.70% interest rate, 9.20% floor, 8.00% EOT payment) | 9/30/2019 | 10,000 | 9,980 | 9,980 | 12/31/2023 | |||||||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 8.00% EOT payment) | 12/23/2019 | 10,000 | 9,927 | 9,927 | 12/31/2023 | |||||||||||||
Total Security Services - 7.40%* | 30,000 | 30,007 | 30,007 | |||||||||||||||
Shopping Facilitators | ||||||||||||||||||
Moda Operandi, Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 10/21/2019 | 10,000 | 9,992 | 9,853 | 4/30/2022 | ||||||||||||
Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 11/27/2019 | 5,000 | 4,979 | 4,907 | 5/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 1/6/2020 | 10,000 | 9,917 | 9,762 | 7/31/2022 | |||||||||||||
Total Shopping Facilitators - 6.05%* | 25,000 | 24,888 | 24,522 | |||||||||||||||
Social/Platform Software | ||||||||||||||||||
ClassPass, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 8.25% EOT payment) | 8/15/2019 | 15,000 | 15,047 | 14,919 | 8/31/2023 | ||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 8.25% EOT payment) | 9/30/2019 | 15,000 | 15,001 | 14,869 | 9/30/2023 | |||||||||||||
Total Social/Platform Software - 7.35%* | 30,000 | 30,048 | 29,788 | |||||||||||||||
Travel & Leisure | ||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (10.25% interest rate, 4.00% EOT payment) | 10/30/2019 | 20,000 | 19,729 | 19,484 | 10/31/2022 | ||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 3/27/2020 | 10,000 | 9,727 | 9,502 | 3/31/2024 | |||||||||||||
Total Travel & Leisure - 7.15%* | 30,000 | 29,456 | 28,986 | |||||||||||||||
Total Debt Investments - 160.91%* | $ | 673,677 | $ | 676,950 | $ | 652,533 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of March 31, 2021 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Clutter Inc. | Preferred Stock(2) | 10/18/2018 | 77,434 | $ | 363 | $ | 567 | |||||||||||||||||||||||||
Preferred Stock(2) | 9/30/2020 | 29,473 | 169 | 169 | ||||||||||||||||||||||||||||
106,907 | 532 | 736 | ||||||||||||||||||||||||||||||
Hydrow, Inc. | Common Stock(2) | 2/9/2021 | 103,267 | 143 | 267 | |||||||||||||||||||||||||||
Outdoor Voices, Inc. | Common Stock | 2/26/2019 | 732,387 | 369 | 15 | |||||||||||||||||||||||||||
Quip NYC, Inc. | Preferred Stock(2) | 11/26/2018 | 41,272 | 455 | 1,020 | |||||||||||||||||||||||||||
Tempo Interactive Inc. | Preferred Stock(2) | 3/31/2021 | 14,709 | 143 | 143 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 2/1/2021 | 704,689 | 145 | 140 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.58%* | 1,703,231 | 1,787 | 2,321 | |||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||
LovePop, Inc. | Preferred Stock(2) | 10/23/2018 | 163,463 | 168 | 127 | |||||||||||||||||||||||||||
Savage X, Inc. | Preferred Stock | 4/7/2020 | 28,977 | 471 | 499 | |||||||||||||||||||||||||||
Total Consumer Retail - 0.16%* | 192,440 | 639 | 626 | |||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 11/20/2017 | 173,341 | 521 | 714 | |||||||||||||||||||||||||||
Minted, Inc. | Preferred Stock | 9/30/2020 | 44,554 | 432 | 432 | |||||||||||||||||||||||||||
Outfittery GMBH(1)(3) | Cash Exit Fee(2)(5) | 8/10/2017 | — | 1,850 | 2,806 | |||||||||||||||||||||||||||
Rent the Runway, Inc. | Preferred Stock(2) | 11/25/2015 | 88,037 | 213 | 387 | |||||||||||||||||||||||||||
Common Stock(2) | 11/25/2015 | 149,203 | 1,081 | 1,010 | ||||||||||||||||||||||||||||
237,240 | 1,294 | 1,397 | ||||||||||||||||||||||||||||||
Stance, Inc. | Preferred Stock(2) | 3/31/2017 | 75,000 | 41 | 70 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock(2) | 11/30/2020 | 163,807 | 580 | 600 | |||||||||||||||||||||||||||
Untuckit LLC | Cash Exit Fee(2)(5) | 5/11/2018 | — | 39 | 57 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 1.51%* | 693,942 | 4,757 | 6,076 | |||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Enjoy Technology, Inc. | Preferred Stock(2) | 9/7/2018 | 336,304 | 269 | 538 | |||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock | 4/2/2018 | 264,140 | 219 | 1,305 | |||||||||||||||||||||||||||
Preferred Stock | 5/22/2019 | 109,114 | 228 | 347 | ||||||||||||||||||||||||||||
373,254 | 447 | 1,652 | ||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.55%* | 709,558 | 716 | 2,190 | |||||||||||||||||||||||||||||
Educational/Training Software | ||||||||||||||||||||||||||||||||
Live Learning Technologies LLC (fka Varsity Tutors LLC) | Preferred Stock(2)(5) | 3/13/2017 | 240,590 | 65 | 185 | |||||||||||||||||||||||||||
Total Educational/Training Software - 0.05%* | 240,590 | 65 | 185 | |||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/24/2017 | 278,209 | 922 | 274 | |||||||||||||||||||||||||||
Roli, Ltd.(1)(3) | Preferred Stock(2) | 5/23/2018 | 102,247 | 644 | — | |||||||||||||||||||||||||||
Total Entertainment - 0.07%* | 380,456 | 1,566 | 274 | |||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | |||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Warrant Investments(8) | |||||||||||||||
Advertising / Marketing | |||||||||||||||
InMobi Pte Ltd.(1)(3) | Ordinary Shares(2) | 12/13/2013 | 48,500 | $ | 35 | $ | 12 | ||||||||
Total Advertising / Marketing - 0.00%* | 48,500 | 35 | 12 | ||||||||||||
Building Materials/Construction Machinery | |||||||||||||||
View, Inc. | Preferred Stock(2) | 6/13/2017 | 4,545,455 | 500 | 591 | ||||||||||
Total Building Materials/Construction Machinery - 0.15%* | 4,545,455 | 500 | 591 | ||||||||||||
Buildings and Property | |||||||||||||||
Knotel, Inc. | Preferred Stock | 2/19/2019 | 360,260 | 159 | 288 | ||||||||||
Total Buildings and Property - 0.07%* | 360,260 | 159 | 288 | ||||||||||||
Business Applications Software | |||||||||||||||
Envoy, Inc. | Preferred Stock | 5/8/2020 | 35,893 | 82 | 86 | ||||||||||
Farmer's Business Network, Inc. | Preferred Stock | 1/3/2020 | 37,666 | 33 | 43 | ||||||||||
FinancialForce.com, Inc. | Preferred Stock(2) | 6/20/2016 | 547,440 | 1,540 | 2,480 | ||||||||||
HI.Q, Inc. | Preferred Stock | 12/17/2018 | 606,952 | 196 | 437 | ||||||||||
OneSource Virtual, Inc. | Preferred Stock | 6/25/2018 | 70,773 | 161 | 335 | ||||||||||
Passport Labs, Inc. | Preferred Stock | 9/28/2018 | 21,929 | 303 | 590 | ||||||||||
Quantcast Corporation | Cash Exit Fee(5) | 8/9/2018 | — | 213 | 161 | ||||||||||
Toast, Inc. | Preferred Stock(2) | 2/1/2018 | 26,325 | 27 | 401 | ||||||||||
Total Business Applications Software - 1.12%* | 1,346,978 | 2,555 | 4,533 | ||||||||||||
Business to Business Marketplace | |||||||||||||||
Factual, Inc. | Preferred Stock | 9/4/2018 | 47,072 | 86 | 56 | ||||||||||
Optoro, Inc. | Preferred Stock(2) | 7/13/2015 | 10,346 | 40 | 37 | ||||||||||
RetailNext, Inc. | Preferred Stock(2) | 11/16/2017 | 123,420 | 80 | 111 | ||||||||||
Total Business to Business Marketplace - 0.05%* | 180,838 | 206 | 204 | ||||||||||||
Commercial Services | |||||||||||||||
Transfix, Inc. | Preferred Stock | 5/31/2019 | 133,502 | 188 | 188 | ||||||||||
Total Commercial Services - 0.05%* | 133,502 | 188 | 188 | ||||||||||||
Conferencing Equipment / Services | |||||||||||||||
Fuze, Inc. (fka Thinking Phone Networks, Inc.) | Preferred Stock(2) | 9/29/2015 | 323,381 | 670 | 205 | ||||||||||
Total Conferencing Equipment / Services - 0.05%* | 323,381 | 670 | 205 | ||||||||||||
Consumer Non-Durables | |||||||||||||||
Hims, Inc. | Preferred Stock(2) | 11/27/2019 | 198,126 | 73 | 131 | ||||||||||
Imperfect Foods, Inc. | Preferred Stock | 6/6/2019 | 43,746 | 189 | 130 | ||||||||||
Total Consumer Non-Durables - 0.06%* | 241,872 | 262 | 261 | ||||||||||||
Consumer Products and Services | |||||||||||||||
Clutter, Inc. | Preferred Stock | 10/18/2018 | 77,434 | 363 | 403 | ||||||||||
Outdoor Voices, Inc. | Common Stock | 2/26/2019 | 255,000 | 360 | — | ||||||||||
Quip NYC, Inc. | Preferred Stock | 11/26/2018 | 41,272 | 455 | 455 | ||||||||||
Total Consumer Products and Services - 0.21%* | 373,706 | 1,178 | 858 | ||||||||||||
Consumer Retail | |||||||||||||||
LovePop, Inc. | Preferred Stock | 10/23/2018 | 163,463 | 168 | 127 | ||||||||||
Savage X, Inc. | Preferred Stock | 4/7/2020 | 7,241 | 12 | 22 | ||||||||||
Total Consumer Retail - 0.04%* | 170,704 | 180 | 149 | ||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of March 31, 2021 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||
BlueVine Capital, Inc. | Preferred Stock(2) | 9/15/2017 | 271,293 | 361 | 909 | |||||||||||||||||||||||||||
Prodigy Investments Limited(1)(3) | Ordinary Shares(2) | 12/5/2017 | 56,241 | 869 | 190 | |||||||||||||||||||||||||||
Revolut Ltd.(1)(3) | Preferred Stock(2) | 4/16/2018 | 6,253 | 40 | 285 | |||||||||||||||||||||||||||
Preferred Stock(2) | 10/29/2019 | 7,945 | 324 | 117 | ||||||||||||||||||||||||||||
14,198 | 364 | 402 | ||||||||||||||||||||||||||||||
WorldRemit Group Limited(1)(3) | Preferred Stock(2) | 12/23/2015 | 128,288 | 382 | 479 | |||||||||||||||||||||||||||
Preferred Stock(2) | 12/23/2015 | 46,548 | 136 | 136 | ||||||||||||||||||||||||||||
174,836 | 518 | 615 | ||||||||||||||||||||||||||||||
Total Financial Institution and Services - 0.53%* | 516,568 | 2,112 | 2,116 | |||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 1/17/2020 | 202,533 | 437 | 1,177 | |||||||||||||||||||||||||||
Cash Exit Fee(2)(5) | 12/28/2018 | — | 129 | 245 | ||||||||||||||||||||||||||||
Total Food & Drug - 0.35%* | 202,533 | 566 | 1,422 | |||||||||||||||||||||||||||||
General Media and Content | ||||||||||||||||||||||||||||||||
Thrillist Media Group, Inc. | Common Stock(2) | 9/24/2014 | 774,352 | 625 | 1,092 | |||||||||||||||||||||||||||
Total General Media and Content - 0.27%* | 774,352 | 625 | 1,092 | |||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/23/2019 | 36,020 | 58 | 43 | |||||||||||||||||||||||||||
Groop Internet Platfom, Inc. | Preferred Stock(2) | 5/15/2019 | 50,881 | 128 | 219 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 11/20/2020 | 1,083,470 | 195 | 195 | |||||||||||||||||||||||||||
Nurx Inc. | Preferred Stock | 8/19/2019 | 170,716 | 270 | 270 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.18%* | 1,341,087 | 651 | 727 | |||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Preferred Stock | 3/1/2019 | 21,736 | 240 | 31 | |||||||||||||||||||||||||||
Total Household & Office Goods - 0.01%* | 21,736 | 240 | 31 | |||||||||||||||||||||||||||||
Medical Software and Information Services | ||||||||||||||||||||||||||||||||
AirStrip Technologies, Inc. | Preferred Stock(2) | 10/9/2013 | 8,036 | 112 | — | |||||||||||||||||||||||||||
Total Medical Software and Information Services - 0.00%* | 8,036 | 112 | — | |||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Preferred Stock | 2/28/2020 | 179,211 | 199 | 289 | |||||||||||||||||||||||||||
Total Multimedia and Design Software - 0.07%* | 179,211 | 199 | 289 | |||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 1/10/2020 | 18,945 | 54 | 54 | |||||||||||||||||||||||||||
Signifyd, Inc. | Preferred Stock | 12/19/2019 | 33,445 | 132 | 332 | |||||||||||||||||||||||||||
Total Network Systems Management Software - 0.10%* | 52,390 | 186 | 386 | |||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Ordinary Shares(2) | 3/8/2021 | 64,813 | 323 | 316 | |||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock(2) | 1/18/2019 | 744,225 | 223 | 193 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.13%* | 809,038 | 546 | 509 | |||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | |||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Database Software | |||||||||||||||
Qubole Inc. | Preferred Stock | 11/21/2018 | 265,266 | $ | 122 | $ | 122 | ||||||||
Total Database Software - 0.03%* | 265,266 | 122 | 122 | ||||||||||||
E-Commerce - Clothing and Accessories | |||||||||||||||
FabFitFun, Inc. | Preferred Stock | 11/20/2017 | 173,341 | 521 | 364 | ||||||||||
Outfittery GMBH(1)(3) | Cash Exit Fee(2)(5) | 8/10/2017 | — | 1,426 | 1,179 | ||||||||||
Rent the Runway, Inc. | Preferred Stock(2) | 11/25/2015 | 88,037 | 213 | 282 | ||||||||||
Common Stock(2) | 11/25/2015 | 149,203 | 1,081 | 859 | |||||||||||
237,240 | 1,294 | 1,141 | |||||||||||||
Stance, Inc. | Preferred Stock | 3/31/2017 | 75,000 | 41 | 70 | ||||||||||
Untuckit LLC | Cash Exit Fee(2)(5) | 5/11/2018 | — | 39 | 57 | ||||||||||
Total E-Commerce - Clothing and Accessories - 0.69%* | 485,581 | 3,321 | 2,811 | ||||||||||||
E-Commerce - Personal Goods | |||||||||||||||
Enjoy Technology, Inc. | Preferred Stock | 9/7/2018 | 336,304 | 269 | 323 | ||||||||||
Grove Collaborative, Inc. | Preferred Stock | 4/2/2018 | 202,506 | 168 | 715 | ||||||||||
Preferred Stock | 5/22/2019 | 109,114 | 228 | 233 | |||||||||||
311,620 | 396 | 948 | |||||||||||||
Total E-Commerce - Personal Goods - 0.31%* | 647,924 | 665 | 1,271 | ||||||||||||
Educational/Training Software | |||||||||||||||
Varsity Tutors LLC | Preferred Stock(2)(5) | 3/13/2017 | 240,590 | 65 | 185 | ||||||||||
Total Educational/Training Software - 0.05%* | 240,590 | 65 | 185 | ||||||||||||
Entertainment | |||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock | 3/24/2017 | 278,209 | 922 | 214 | ||||||||||
Roli, Ltd.(1)(3) | Preferred Stock(2) | 5/23/2018 | 102,247 | 644 | — | ||||||||||
Total Entertainment - 0.05%* | 380,456 | 1,566 | 214 | ||||||||||||
Financial Institution and Services | |||||||||||||||
BlueVine Capital, Inc. | Preferred Stock | 9/15/2017 | 271,293 | 361 | 909 | ||||||||||
Prodigy Investments Limited(1)(3) | Preferred Stock | 12/5/2017 | 43,883 | 828 | 1,024 | ||||||||||
Revolut Ltd.(1)(3) | Preferred Stock(2) | 4/16/2018 | 6,253 | 40 | 285 | ||||||||||
Preferred Stock(2) | 10/29/2019 | 7,945 | 324 | 117 | |||||||||||
14,198 | 364 | 402 | |||||||||||||
WorldRemit Group Limited(1)(3) | Preferred Stock(2) | 12/23/2015 | 128,288 | 382 | 478 | ||||||||||
Preferred Stock(2) | 12/23/2015 | 46,548 | 136 | 136 | |||||||||||
174,836 | 518 | 614 | |||||||||||||
Total Financial Institution and Services - 0.73%* | 504,210 | 2,071 | 2,949 | ||||||||||||
Food & Drug | |||||||||||||||
Capsule Corp. | Preferred Stock(2) | 1/17/2020 | 135,022 | 254 | 254 | ||||||||||
Cash Exit Fee(2)(5) | 12/28/2018 | — | 129 | 129 | |||||||||||
135,022 | 383 | 383 | |||||||||||||
Freshly Inc. | Preferred Stock | 10/7/2019 | 107,732 | 580 | 580 | ||||||||||
Preferred Stock | 10/7/2019 | 31,299 | 109 | 109 | |||||||||||
139,031 | 689 | 689 | |||||||||||||
Total Food & Drug - 0.26%* | 274,053 | 1,072 | 1,072 | ||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of March 31, 2021 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
HomeLight, Inc. | Preferred Stock(2) | 12/21/2018 | 54,004 | 44 | 113 | |||||||||||||||||||||||||||
Preferred Stock(2) | 11/5/2020 | 55,326 | 76 | 76 | ||||||||||||||||||||||||||||
109,330 | 120 | 189 | ||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock | 12/28/2018 | 136,511 | 232 | 1,140 | |||||||||||||||||||||||||||
Preferred Stock | 3/4/2020 | 14,291 | 42 | 70 | ||||||||||||||||||||||||||||
150,802 | 274 | 1,210 | ||||||||||||||||||||||||||||||
Total Real Estate Services - 0.35%* | 260,132 | 394 | 1,399 | |||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Preferred Stock(2) | 3/30/2016 | 195,992 | 155 | 823 | |||||||||||||||||||||||||||
Preferred Stock | 3/29/2019 | 161,724 | 340 | 354 | ||||||||||||||||||||||||||||
Total Security Services - 0.29%* | 357,716 | 495 | 1,177 | |||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Preferred Stock | 9/27/2019 | 34,538 | 343 | 141 | |||||||||||||||||||||||||||
OfferUp Inc. | Preferred Stock(2) | 12/23/2019 | 131,006 | 42 | 138 | |||||||||||||||||||||||||||
Total Shopping Facilitators - 0.07%* | 165,544 | 385 | 279 | |||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock | 3/18/2019 | 84,507 | 281 | 151 | |||||||||||||||||||||||||||
Total Social/Platform Software - 0.04%* | 84,507 | 281 | 151 | |||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||
Bird Rides, Inc. | Preferred Stock(2) | 4/18/2019 | 68,111 | 193 | 55 | |||||||||||||||||||||||||||
Total Transportation - 0.01%* | 68,111 | 193 | 55 | |||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Units | 9/18/2019 | 12,027 | 362 | 111 | |||||||||||||||||||||||||||
Inspirato, LLC | Preferred Units(2) | 4/25/2013 | 1,994 | 37 | 45 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.04%* | 14,021 | 399 | 156 | |||||||||||||||||||||||||||||
Total Warrant Investments - 7.41%* | $ | 21,902 | $ | 29,789 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | |||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
General Media and Content | |||||||||||||||
BZ Holdings, Inc. (fka TechMediaNetwork, Inc.) | Preferred Stock(2) | 3/17/2014 | 72,234 | $ | 31 | $ | 68 | ||||||||
Thrillist Media Group, Inc. | Common Stock(2) | 9/24/2014 | 774,352 | 624 | 1,092 | ||||||||||
Total General Media and Content - 0.29%* | 846,586 | 655 | 1,160 | ||||||||||||
Healthcare Technology Systems | |||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/23/2019 | 36,020 | 58 | 58 | ||||||||||
Groop Internet Platfom, Inc. | Preferred Stock(2) | 5/15/2019 | 50,881 | 128 | 38 | ||||||||||
Nurx Inc. | Preferred Stock | 8/19/2019 | 136,573 | 216 | 216 | ||||||||||
Total Healthcare Technology Systems - 0.08%* | 223,474 | 402 | 312 | ||||||||||||
Household & Office Goods | |||||||||||||||
Casper Sleep Inc. | Preferred Stock | 3/1/2019 | 21,736 | 240 | 55 | ||||||||||
Total Household & Office Goods - 0.01%* | 21,736 | 240 | 55 | ||||||||||||
Human Resources/Recruitment | |||||||||||||||
Hired, Inc. | Preferred Stock | 9/21/2018 | 93,141 | 156 | 73 | ||||||||||
Total Human Resources/Recruitment - 0.02%* | 93,141 | 156 | 73 | ||||||||||||
Medical Software and Information Services | |||||||||||||||
AirStrip Technologies, Inc. | Preferred Stock(2) | 10/9/2013 | 8,036 | 112 | — | ||||||||||
Total Medical Software and Information Services - 0.00%* | 8,036 | 112 | — | ||||||||||||
Multimedia and Design Software | |||||||||||||||
Pencil and Pixel, Inc. | Preferred Stock | 2/28/2020 | 119,474 | 133 | 133 | ||||||||||
Total Multimedia and Design Software - 0.03%* | 119,474 | 133 | 133 | ||||||||||||
Network Systems Management Software | |||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 1/10/2020 | 18,945 | 54 | 54 | ||||||||||
Signifyd, Inc. | Preferred Stock(2) | 12/19/2019 | 33,445 | 132 | 112 | ||||||||||
Total Network Systems Management Software - 0.04%* | 52,390 | 186 | 166 | ||||||||||||
Other Financial Services | |||||||||||||||
Upgrade, Inc. | Preferred Stock | 1/18/2019 | 744,225 | 223 | 193 | ||||||||||
Total Other Financial Services - 0.05%* | 744,225 | 223 | 193 | ||||||||||||
Real Estate Services | |||||||||||||||
HomeLight, Inc. | Preferred Stock(2) | 12/21/2018 | 54,004 | 44 | 124 | ||||||||||
Sonder Holdings Inc. | Preferred Stock | 12/28/2018 | 136,511 | 232 | 613 | ||||||||||
Preferred Stock | 3/4/2020 | 14,291 | 42 | 42 | |||||||||||
150,802 | 274 | 655 | |||||||||||||
Total Real Estate Services - 0.19%* | 204,806 | 318 | 779 | ||||||||||||
Security Services | |||||||||||||||
ForgeRock, Inc. | Preferred Stock | 3/30/2016 | 195,992 | 155 | 110 | ||||||||||
Preferred Stock | 3/30/2016 | 161,724 | 340 | 45 | |||||||||||
Total Security Services - 0.04%* | 357,716 | 495 | 155 | ||||||||||||
Shopping Facilitators | |||||||||||||||
Moda Operandi, Inc. | Preferred Stock | 9/27/2019 | 34,538 | 343 | 1,179 | ||||||||||
OfferUp Inc. | Preferred Stock(2) | 12/23/2019 | 44,788 | 42 | 42 | ||||||||||
Total Shopping Facilitators - 0.30%* | 79,326 | 385 | 1,221 | ||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of March 31, 2021 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Equity Investments(8) | ||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Convoy, Inc. | Preferred Stock(2) | 9/27/2018 | 35,208 | $ | 250 | $ | 355 | |||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 9/22/2020 | 15,456 | 120 | 120 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock(2) | 7/31/2020 | 5,041 | 167 | 167 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock(2) | 6/11/2019 | 1,302 | 100 | 103 | |||||||||||||||||||||||||||
Total Business Applications Software - 0.19%* | 57,007 | 637 | 745 | |||||||||||||||||||||||||||||
Communications Software | ||||||||||||||||||||||||||||||||
Pluribus Networks, Inc. | Preferred Stock(2) | 1/10/2017 | 722,073 | 2,000 | 2,000 | |||||||||||||||||||||||||||
Total Communications Software - 0.50%* | 722,073 | 2,000 | 2,000 | |||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock(2) | 11/10/2020 | 14,788 | 150 | 150 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.04%* | 14,788 | 150 | 150 | |||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Hims & Hers Health, Inc. (fka Hims, Inc.) | Preferred Stock(2) | 4/29/2019 | 79,258 | 500 | 839 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 1/29/2021 | 35,649 | 500 | 500 | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.33%* | 114,907 | 1,000 | 1,339 | |||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 12/14/2020 | 85,542 | 333 | 470 | |||||||||||||||||||||||||||
Preferred Stock(2) | 3/19/2021 | 46,456 | 335 | 335 | ||||||||||||||||||||||||||||
Total Consumer Products and Services - 0.20%* | 131,998 | 668 | 805 | |||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||
Savage X, Inc. | Preferred Stock(2) | 1/20/2021 | 17,249 | 500 | 500 | |||||||||||||||||||||||||||
Total Consumer Retail - 0.12%* | 17,249 | 500 | 500 | |||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 1/17/2019 | 67,934 | 500 | 768 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 0.19%* | 67,934 | 500 | 768 | |||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 6/5/2018 | 134,249 | 500 | 977 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.24%* | 134,249 | 500 | 977 | |||||||||||||||||||||||||||||
Educational/Training Software | ||||||||||||||||||||||||||||||||
Live Learning Technologies LLC (fka Varsity Tutors LLC) | Preferred Stock(2) | 1/5/2018 | 92,470 | 250 | 256 | |||||||||||||||||||||||||||
Total Educational/Training Software - 0.06%* | 92,470 | 250 | 256 | |||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/9/2020 | 511,665 | 1,000 | 1,177 | |||||||||||||||||||||||||||
Total Entertainment - 0.29%* | 511,665 | 1,000 | 1,177 | |||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||
GoGreenHost AB(1)(3) | Preferred Stock(2) | 12/1/2017 | 1 | 2,134 | 657 | |||||||||||||||||||||||||||
Prodigy Investments Limited(1)(3) | Preference Shares(2) | 12/31/2020 | 1,552 | 15,828 | 13,214 | |||||||||||||||||||||||||||
Revolut Ltd.(1)(3) | Preferred Stock(2) | 8/3/2017 | 25,920 | 292 | 1,446 | |||||||||||||||||||||||||||
Total Financial Institution and Services - 3.81%* | 27,473 | 18,254 | 15,317 | |||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 7/25/2019 | 75,013 | 500 | 814 | |||||||||||||||||||||||||||
Total Food & Drug - 0.20%* | 75,013 | 500 | 814 | |||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | |||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Social/Platform Software | |||||||||||||||
ClassPass, Inc. | Preferred Stock | 3/18/2019 | 84,507 | $ | 281 | $ | 281 | ||||||||
Total Social/Platform Software - 0.07%* | 84,507 | 281 | 281 | ||||||||||||
Transportation | |||||||||||||||
Bird Rides, Inc. | Preferred Stock(2) | 4/18/2019 | 68,111 | 193 | 221 | ||||||||||
Total Transportation - 0.05%* | 68,111 | 193 | 221 | ||||||||||||
Travel & Leisure | |||||||||||||||
GoEuro Corp.(1)(3) | Preferred Units | 3/26/2018 | 12,027 | 362 | 289 | ||||||||||
Inspirato, LLC | Preferred Units(2) | 4/25/2013 | 1,994 | 37 | 45 | ||||||||||
Total Travel & Leisure - 0.08%* | 14,021 | 399 | 334 | ||||||||||||
Total Warrant Investments - 5.18%* | $ | 18,993 | $ | 20,996 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | |||||||||||||||
Venture Growth Stage Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Equity Investments(8) | |||||||||||||||
Business Applications Software | |||||||||||||||
Convoy, Inc. | Preferred Stock(2) | 9/27/2018 | 35,208 | $ | 250 | $ | 356 | ||||||||
Medallia, Inc. | Common Stock(2)(10) | 11/13/2014 | 48,616 | 11 | 1,227 | ||||||||||
Passport Labs, Inc. | Preferred Stock(2) | 6/11/2019 | 1,302 | 100 | 103 | ||||||||||
Total Business Applications Software - 0.42%* | 85,126 | 361 | 1,686 | ||||||||||||
Communications Software | |||||||||||||||
Pluribus Networks, Inc. | Preferred Stock(2) | 1/10/2017 | 722,073 | 2,000 | 2,000 | ||||||||||
Total Communications Software - 0.49%* | 722,073 | 2,000 | 2,000 | ||||||||||||
Consumer Non-Durables | |||||||||||||||
Hims, Inc. | Preferred Stock(2) | 4/29/2019 | 144,092 | 500 | 493 | ||||||||||
Total Consumer Non-Durables - 0.12%* | 144,092 | 500 | 493 | ||||||||||||
E-Commerce - Clothing and Accessories | |||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 1/17/2019 | 67,934 | 500 | 611 | ||||||||||
Total E-Commerce - Clothing and Accessories - 0.15%* | 67,934 | 500 | 611 | ||||||||||||
E-Commerce - Personal Goods | |||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 6/5/2018 | 134,249 | 500 | 773 | ||||||||||
Total E-Commerce - Personal Goods - 0.19%* | 134,249 | 500 | 773 | ||||||||||||
Educational/Training Software | |||||||||||||||
Varsity Tutors LLC | Preferred Stock(2) | 1/5/2018 | 92,470 | 250 | 256 | ||||||||||
Total Educational/Training Software - 0.06%* | 92,470 | 250 | 256 | ||||||||||||
Entertainment | |||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/9/2020 | 511,665 | 1,000 | 1,003 | ||||||||||
Total Entertainment - 0.25%* | 511,665 | 1,000 | 1,003 | ||||||||||||
Financial Institution and Services | |||||||||||||||
GoGreenHost AB(1)(3) | Preferred Stock(2) | 12/1/2017 | 1 | 2,134 | 1,168 | ||||||||||
Revolut Ltd.(1)(3) | Preferred Stock(2) | 8/3/2017 | 25,920 | 292 | 1,447 | ||||||||||
Total Financial Institution and Services - 0.64%* | 25,921 | 2,426 | 2,615 | ||||||||||||
Food & Drug | |||||||||||||||
Capsule Corp. | Preferred Stock(2) | 7/25/2019 | 75,013 | 500 | 500 | ||||||||||
Total Food & Drug - 0.12%* | 75,013 | 500 | 500 | ||||||||||||
Healthcare Technology Systems | |||||||||||||||
Curology, Inc. | Preferred Stock(2) | 11/26/2019 | 66,000 | 196 | 238 | ||||||||||
Common Stock(2) | 1/14/2020 | 142,855 | 404 | 320 | |||||||||||
208,855 | 600 | 558 | |||||||||||||
Groop Internet Platfom, Inc. | Preferred Stock(2) | 5/15/2019 | 90,859 | 250 | 250 | ||||||||||
Nurx Inc. | Preferred Stock(2) | 5/31/2019 | 136,572 | 1,000 | 1,004 | ||||||||||
Total Healthcare Technology Systems - 0.45%* | 436,286 | 1,850 | 1,812 | ||||||||||||
Household & Office Goods | |||||||||||||||
Casper Sleep Inc. | Common Stock(2)(10) | 6/19/2017 | 35,722 | 1,000 | 308 | ||||||||||
Total Household & Office Goods - 0.08%* | 35,722 | 1,000 | 308 | ||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of June 30, 2020 | |||||||||||||||
Venture Growth Stage Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Network Systems Management Software | |||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 3/24/2017 | 60,342 | $ | 400 | $ | 606 | ||||||||
Preferred Stock(2) | 4/7/2020 | 9,022 | 125 | 125 | |||||||||||
Total Network Systems Management Software - 0.18%* | 69,364 | 525 | 731 | ||||||||||||
Real Estate Services | |||||||||||||||
Sonder Holdings Inc.(1) | Preferred Stock(2) | 5/17/2019 | 29,773 | 312 | 312 | ||||||||||
Total Real Estate Services - 0.08%* | 29,773 | 312 | 312 | ||||||||||||
Security Services | |||||||||||||||
CrowdStrike, Inc. | Common Stock(2)(10) | 10/13/2017 | 56,747 | 323 | 5,691 | ||||||||||
Total Security Services - 1.40%* | 56,747 | 323 | 5,691 | ||||||||||||
Travel & Leisure | |||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock(2) | 10/5/2017 | 2,362 | 300 | 267 | ||||||||||
Inspirato, LLC | Preferred Units(2)(4) | 9/11/2014 | 1,948 | 250 | 266 | ||||||||||
Total Travel & Leisure - 0.13%* | 4,310 | 550 | 533 | ||||||||||||
Total Equity Investments - 4.77%* | $ | 12,597 | $ | 19,324 | |||||||||||
Total Investments in Portfolio Companies - 170.85%*(11) | $ | 708,540 | $ | 692,853 | |||||||||||
Total Investments - 170.85%*(9) | $ | 708,540 | $ | 692,853 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of March 31, 2021 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 11/26/2019 | 66,000 | $ | 196 | $ | 224 | |||||||||||||||||||||||||
Common Stock(2) | 1/14/2020 | 142,855 | 404 | 264 | ||||||||||||||||||||||||||||
208,855 | 600 | 488 | ||||||||||||||||||||||||||||||
Groop Internet Platfom, Inc. | Preferred Stock(2) | 5/15/2019 | 90,859 | 250 | 627 | |||||||||||||||||||||||||||
Nurx Inc. | Preferred Stock(2) | 5/31/2019 | 136,572 | 1,000 | 1,004 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.53%* | 436,286 | 1,850 | 2,119 | |||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Common Stock(2)(10) | 6/19/2017 | 35,722 | 1,000 | 259 | |||||||||||||||||||||||||||
Total Household & Office Goods - 0.06%* | 35,722 | 1,000 | 259 | |||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 3/24/2017 | 60,342 | 400 | 606 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/7/2020 | 9,022 | 125 | 125 | ||||||||||||||||||||||||||||
Total Network Systems Management Software - 0.18%* | 69,364 | 525 | 731 | |||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Ordinary Shares(2) | 3/8/2021 | 92,901 | 1,000 | 986 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.25%* | 92,901 | 1,000 | 986 | |||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock(2) | 5/21/2019 | 29,773 | 312 | 396 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.10%* | 29,773 | 312 | 396 | |||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock(2) | 10/5/2017 | 2,362 | 300 | 171 | |||||||||||||||||||||||||||
Inspirato, LLC | Preferred Units(2)(4) | 9/11/2014 | 1,948 | 250 | 266 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.11%* | 4,310 | 550 | 437 | |||||||||||||||||||||||||||||
Total Equity Investments - 7.41%* | $ | 31,196 | $ | 29,776 | ||||||||||||||||||||||||||||
Total Investments in Portfolio Companies - 157.71%*(11) | $ | 643,690 | $ | 633,696 | ||||||||||||||||||||||||||||
Total Investments - 157.71%*(9) | $ | 643,690 | $ | 633,696 |
(1)Investment is a non-qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). As of March 31, 2021 non-qualifying assets represented 22.5% of the Company’s total assets, at fair value. (2)As of March 31, 2021, this investment was not pledged as collateral as part of the Company’s revolving credit facility. (3)Entity is not domiciled in the United States and does not have its principal place of business in the United States. (4)Investment is owned by TPVG Investment LLC, a wholly owned taxable subsidiary of the Company. (5)Investment is a cash success fee or a cash exit fee payable on the consummation of certain trigger events. (6)Gross unrealized gains, gross unrealized losses, and net unrealized losses for federal income tax purposes totaled $16.5 million, $26.5 million and $10.0 million, respectively, for the March 31, 2021 investment portfolio. The tax cost of investments is $643.7 million. (7)Debt is on non-accrual status at March 31, 2021 and is therefore considered non-income producing. Non-accrual investments at March 31, 2021 had a total cost and fair value of $31.4 million and $22.0 million, respectively. (8)Non-income producing investments. (9)Except for equity in one public company, all investments were valued at fair value using Level 3 significant unobservable inputs as determined in good faith by the Company’s board of directors (the “Board”). (10)Investment is publicly traded and listed on New York Stock Exchange and is not subject to restrictions on sales. (11)The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). Unless otherwise indicated, all of the Company’s portfolio company investments are subject to restrictions on sales. As of March 31, 2021, the Company’s portfolio company investments that were subject to restrictions on sales totaled $633.4 million at fair value and represented 157.6% of the Company’s net assets. In addition, unless otherwise indicated, as of March 31, 2021, all investments are pledged as collateral as part of the Company’s revolving credit facility. (12)Acquisition date represents the date of the investment in the portfolio investment. * Value as a percentage of net assets. |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Debt Investments | ||||||||||||||||||
Biofuels / Biomass | ||||||||||||||||||
Harvest Power, Inc.(7) | Growth Capital Loan (7.00% interest rate, 9.00% EOT payment) | 3/5/2014 | $ | 10,880 | $ | 12,385 | $ | 1,797 | 4/30/2021 | |||||||||
Total Biofuels / Biomass - 0.54%* | 10,880 | 12,385 | 1,797 | |||||||||||||||
Buildings and Property | ||||||||||||||||||
Knotel, Inc. | Growth Capital Loan (Prime + 4.25% interest rate, 9.00% EOT payment) | 2/28/2019 | 9,000 | 9,102 | 9,102 | 8/31/2022 | ||||||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.00% EOT payment) | 3/25/2019 | 6,000 | 6,054 | 6,054 | 9/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.00% EOT payment) | 4/18/2019 | 9,000 | 9,060 | 9,060 | 10/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.00% EOT payment) | 9/30/2019 | 6,000 | 5,955 | 5,955 | 3/31/2023 | |||||||||||||
Total Buildings and Property - 9.07%* | 30,000 | 30,171 | 30,171 | |||||||||||||||
Business Applications Software | ||||||||||||||||||
HI.Q, Inc. | Growth Capital Loan (11.00% interest rate, 2.00% EOT payment) | 12/17/2018 | 13,250 | 13,119 | 13,119 | 6/30/2023 | ||||||||||||
OneSource Virtual, Inc. | Growth Capital Loan (Prime + 3.50% interest rate, 2.00% EOT payment) | 6/29/2018 | 10,000 | 10,475 | 10,533 | 6/30/2022 | ||||||||||||
Growth Capital Loan (Prime + 0.75% interest rate, 0.25% EOT payment) | 11/5/2019 | 5,000 | 4,957 | 4,961 | 2/29/2020 | |||||||||||||
15,000 | 15,432 | 15,494 | ||||||||||||||||
Passport Labs, Inc. | Growth Capital Loan (9.75% interest rate, 5.25% EOT payment) | 10/11/2018 | 19,000 | 18,923 | 18,923 | 8/31/2023 | ||||||||||||
Growth Capital Loan (10.25% interest rate, 5.25% EOT payment) | 5/15/2019 | 6,000 | 5,921 | 5,921 | 3/31/2024 | |||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 5/15/2019 | 5,000 | 4,952 | 4,952 | 5/31/2024 | |||||||||||||
30,000 | 29,796 | 29,796 | ||||||||||||||||
Quantcast Corporation | Growth Capital Loan (Prime + 6.25% interest rate, 6.00% EOT payment) | 3/12/2018 | 9,780 | 10,303 | 10,330 | 3/31/2021 | ||||||||||||
Total Business Applications Software - 20.67%* | 68,030 | 68,650 | 68,739 | |||||||||||||||
Business to Business Marketplace | ||||||||||||||||||
Adjust GmbH(1)(3) | Growth Capital Loan (Prime + 4.75% interest rate, 2.50% PIK interest rate) | 1/29/2019 | 20,473 | 20,199 | 20,324 | 1/31/2022 | ||||||||||||
Growth Capital Loan (Prime + 4.75% interest rate, 2.50% PIK interest rate) | 1/18/2019 | 8,195 | 8,087 | 8,137 | 1/31/2022 | |||||||||||||
28,668 | 28,286 | 28,461 | ||||||||||||||||
Factual, Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 7.75% EOT payment) | 12/23/2019 | 10,000 | 9,822 | 9,822 | 12/31/2022 | ||||||||||||
Total Business to Business Marketplace - 11.51%* | 38,668 | 38,108 | 38,283 | |||||||||||||||
Commercial Services | ||||||||||||||||||
Transfix, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 2.00% EOT payment) | 12/23/2019 | 10,000 | 9,810 | 9,810 | 12/31/2021 | ||||||||||||
Total Commercial Services - 2.95%* | 10,000 | 9,810 | 9,810 | |||||||||||||||
Consumer Non-Durables | ||||||||||||||||||
Imperfect Foods, Inc. | Growth Capital Loan (Prime + 4.10% interest rate, 5.35% EOT payment) | 10/11/2019 | 10,000 | 9,767 | 9,767 | 4/30/2023 | ||||||||||||
Total Consumer Non-Durables - 2.94%* | 10,000 | 9,767 | 9,767 | |||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||
Buildings and Property | ||||||||||||||||||||||||||||||||||||||
Knotel, Inc.(7) | Growth Capital Loan (Prime + 4.25% interest rate, 9.50% floor, 9.00% EOT payment) | 2/28/2019 | $ | 8,855 | $ | 9,195 | $ | 4,500 | 8/31/2022 | |||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.50% floor, 9.00% EOT payment) | 3/25/2019 | 5,903 | 6,113 | 3,000 | 9/30/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.50% floor, 9.00% EOT payment) | 4/18/2019 | 8,855 | 9,145 | 4,500 | 10/31/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 4.25% interest rate, 9.50% floor, 9.00% EOT payment) | 9/30/2019 | 5,903 | 6,006 | 3,000 | 3/31/2023 | |||||||||||||||||||||||||||||||||
Total Buildings and Property - 3.75%* | 29,516 | 30,459 | 15,000 | |||||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||||||||
Envoy, Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.25% EOT payment) | 5/22/2020 | 1,000 | 993 | 993 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Hi.Q, Inc. | Growth Capital Loan (11.00% interest rate, 2.00% EOT payment) | 12/17/2018 | 13,250 | 13,196 | 13,196 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.50% interest rate, 10.75% floor, 1.00% EOT payment)(2) | 12/31/2020 | 6,868 | 6,823 | 6,823 | 8/31/2025 | |||||||||||||||||||||||||||||||||
20,118 | 20,019 | 20,019 | ||||||||||||||||||||||||||||||||||||
OneSource Virtual, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 6/29/2018 | 6,302 | 6,600 | 6,622 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 11/5/2019 | 4,881 | 4,911 | 4,941 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 1/31/2020 | 3,000 | 3,017 | 3,037 | 1/31/2024 | |||||||||||||||||||||||||||||||||
14,183 | 14,528 | 14,600 | ||||||||||||||||||||||||||||||||||||
Passport Labs, Inc. | Growth Capital Loan (9.75% interest rate, 5.25% EOT payment) | 10/11/2018 | 19,000 | 19,175 | 18,975 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.25% interest rate, 5.25% EOT payment) | 5/15/2019 | 6,000 | 5,998 | 5,925 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 5/15/2019 | 5,000 | 5,033 | 4,970 | 5/31/2024 | |||||||||||||||||||||||||||||||||
30,000 | 30,206 | 29,870 | ||||||||||||||||||||||||||||||||||||
Quantcast Corporation | Growth Capital Loan (Prime + 6.25% interest rate, 10.50% floor, 6.00% EOT payment) | 3/12/2018 | 2,063 | 2,919 | 2,921 | 3/31/2021 | ||||||||||||||||||||||||||||||||
Total Business Applications Software - 17.08%* | 67,364 | 68,665 | 68,403 | |||||||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||||||||
Transfix, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.50% floor, 2.00% EOT payment) | 12/23/2019 | 10,000 | 9,993 | 9,993 | 12/31/2021 | ||||||||||||||||||||||||||||||||
Total Commercial Services - 2.50%* | 10,000 | 9,993 | 9,993 | |||||||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||||||||
Activehours, Inc. | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment)(2) | 10/8/2020 | 6,000 | 5,891 | 5,891 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Total Consumer Finance - 1.47%* | 6,000 | 5,891 | 5,891 | |||||||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||||||||
Imperfect Foods, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 3.50% EOT payment) | 9/30/2020 | 19,000 | 18,799 | 18,799 | 9/30/2024 | ||||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 4.69%* | 19,000 | 18,799 | 18,799 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Consumer Products and Services | ||||||||||||||||||
Clutter, Inc. | Growth Capital Loan (Prime + 3.00% interest rate, 4.00% EOT payment) | 10/30/2018 | $ | 6,303 | $ | 6,360 | $ | 6,383 | 10/31/2020 | |||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 4.00% EOT payment) | 10/30/2018 | 5,000 | 5,002 | 5,025 | 10/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 3.00% interest rate, 4.00% EOT payment) | 12/27/2018 | 1,391 | 1,396 | 1,402 | 12/31/2020 | |||||||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 4.00% EOT payment) | 2/1/2019 | 1,932 | 1,920 | 1,930 | 1/31/2022 | |||||||||||||
14,626 | 14,678 | 14,740 | ||||||||||||||||
Outdoor Voices, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 9.75% EOT payment) | 2/26/2019 | 4,000 | 3,990 | 3,990 | 2/28/2022 | ||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 9.75% EOT payment) | 4/4/2019 | 6,000 | 5,957 | 5,957 | 4/30/2022 | |||||||||||||
10,000 | 9,947 | 9,947 | ||||||||||||||||
Quip NYC, Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 6.25% EOT payment) | 4/16/2019 | 10,000 | 9,895 | 9,895 | 4/30/2022 | ||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 6.25% EOT payment) | 6/26/2019 | 5,000 | 4,923 | 4,923 | 6/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 6.25% EOT payment) | 6/26/2019 | 5,000 | 4,923 | 4,923 | 6/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 6.25% EOT payment) | 9/26/2019 | 5,000 | 4,891 | 4,891 | 9/30/2022 | |||||||||||||
25,000 | 24,632 | 24,632 | ||||||||||||||||
Total Consumer Products and Services - 14.83%* | 49,626 | 49,257 | 49,319 | |||||||||||||||
Consumer Retail | ||||||||||||||||||
LovePop, Inc. | Growth Capital Loan (Prime + 4.75% interest rate, 6.75% EOT payment) | 11/5/2018 | 10,000 | 10,088 | 10,030 | 11/30/2021 | ||||||||||||
Total Consumer Retail - 3.02%* | 10,000 | 10,088 | 10,030 | |||||||||||||||
Database Software | ||||||||||||||||||
Qubole Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 6.75% EOT payment) | 12/27/2019 | 10,000 | 9,846 | 9,846 | 12/31/2023 | ||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 6.75% EOT payment) | 12/27/2019 | 5,000 | 4,923 | 4,923 | 12/31/2023 | |||||||||||||
Total Database Software - 4.44%* | 15,000 | 14,769 | 14,769 | |||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||
FabFitFun, Inc. | Growth Capital Loan (10.50% interest rate, 6.00% EOT payment) | 2/26/2018 | 3,957 | 4,125 | 4,135 | 2/28/2021 | ||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 6.50% EOT payment) | 11/19/2019 | 5,000 | 4,848 | 4,892 | 11/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 6.50% EOT payment) | 11/19/2019 | 5,000 | 4,848 | 4,892 | 11/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 6.50% EOT payment) | 11/19/2019 | 5,000 | 4,848 | 4,892 | 11/30/2022 | |||||||||||||
18,957 | 18,669 | 18,811 | ||||||||||||||||
Outfittery GMBH(1)(3) | Growth Capital Loan (Prime + 8.25% interest rate, 11.00% EOT payment)(2) | 8/11/2017 | 6,925 | 7,080 | 6,684 | 8/31/2022 | ||||||||||||
Growth Capital Loan (12.00% interest rate, 9.00% EOT payment)(2) | 6/7/2018 | 2,360 | 2,399 | 2,281 | 6/30/2021 | |||||||||||||
Growth Capital Loan (12.75% interest rate, 9.00% EOT payment)(2) | 12/28/2018 | 2,294 | 2,254 | 2,204 | 12/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 9.00% EOT payment)(2) | 8/7/2019 | 3,947 | 3,748 | 3,727 | 8/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 9.00% EOT payment)(2) | 9/23/2019 | 3,305 | 2,969 | 3,023 | 9/30/2022 | |||||||||||||
18,831 | 18,450 | 17,919 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||||||||
Clutter Inc. | Growth Capital Loan (9.25% interest rate, 6.00% EOT payment)(2) | 12/23/2020 | $ | 3,000 | $ | 2,916 | $ | 2,916 | 12/31/2023 | |||||||||||||||||||||||||||||
Outdoor Voices, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 9.75% EOT payment) | 2/26/2019 | 4,000 | 4,160 | 4,160 | 2/28/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 9.75% EOT payment) | 4/4/2019 | 6,000 | 6,202 | 6,202 | 4/30/2022 | |||||||||||||||||||||||||||||||||
10,000 | 10,362 | 10,362 | ||||||||||||||||||||||||||||||||||||
Quip NYC, Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 12.00% floor, 6.25% EOT payment) | 4/16/2019 | 10,000 | 10,178 | 10,232 | 4/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 12.00% floor, 6.25% EOT payment) | 6/26/2019 | 5,000 | 5,062 | 5,092 | 6/30/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 12.00% floor, 6.25% EOT payment) | 6/26/2019 | 5,000 | 5,062 | 5,092 | 6/30/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 12.00% floor, 6.25% EOT payment) | 9/26/2019 | 5,000 | 5,025 | 5,059 | 9/30/2022 | |||||||||||||||||||||||||||||||||
25,000 | 25,327 | 25,475 | ||||||||||||||||||||||||||||||||||||
Total Consumer Products and Services - 9.68%* | 38,000 | 38,605 | 38,753 | |||||||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||||||||
Savage X, Inc. | Growth Capital Loan (Prime + 2.75% interest rate, 7.50% floor, 3.50% EOT payment) | 4/15/2020 | 1,000 | 1,016 | 1,018 | 4/30/2021 | ||||||||||||||||||||||||||||||||
Total Consumer Retail - 0.25%* | 1,000 | 1,016 | 1,018 | |||||||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 9/30/2020 | 15,000 | 14,533 | 14,533 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Outfittery GMBH(1)(3) | Growth Capital Loan (Prime + 8.25% interest rate, 13.75% floor, 11.00% EOT payment)(2) | 8/11/2017 | 6,180 | 6,443 | 6,587 | 8/31/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (12.00% interest rate, 9.00% EOT payment)(2) | 6/7/2018 | 1,511 | 1,661 | 1,722 | 6/30/2021 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (12.75% interest rate, 9.00% EOT payment)(2) | 12/28/2018 | 1,987 | 2,053 | 2,183 | 12/31/2021 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 12.75% floor, 9.00% EOT payment)(2) | 8/7/2019 | 3,947 | 3,983 | 4,287 | 8/31/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 12.75% floor, 9.00% EOT payment)(2) | 9/23/2019 | 3,305 | 3,226 | 3,552 | 9/30/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 12.75% floor, 9.00% EOT payment)(2) | 7/27/2020 | 1,166 | 1,103 | 1,137 | 7/31/2023 | |||||||||||||||||||||||||||||||||
Revolver (11.00% interest rate, 2.00% EOT payment)(2) | 3/5/2020 | 3,298 | 3,364 | 3,753 | 12/31/2020 | |||||||||||||||||||||||||||||||||
21,394 | 21,833 | 23,221 | ||||||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment)(2) | 12/4/2020 | 10,500 | 10,151 | 10,151 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 11.96%* | 46,894 | 46,517 | 47,905 | |||||||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Growth Capital Loan (Prime + 2.25% interest rate, 7.75% floor, 4.75% EOT payment)(2) | 1/31/2020 | 8,250 | 8,498 | 8,498 | 4/30/2021 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 2.25% interest rate, 7.75% floor, 4.75% EOT payment)(2) | 1/31/2020 | 2,667 | 2,747 | 2,747 | 4/30/2021 | |||||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 2.81%* | 10,917 | 11,245 | 11,245 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Stance, Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 5.50% EOT payment) | 11/1/2018 | $ | 2,000 | $ | 2,078 | $ | 2,081 | 4/30/2020 | |||||||||
Total E-Commerce - Clothing and Accessories - 11.67%* | 39,788 | 39,197 | 38,811 | |||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||
Enjoy Technology, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 5.50% EOT payment) | 9/28/2018 | 10,000 | 10,056 | 10,056 | 9/30/2021 | ||||||||||||
Grove Collaborative, Inc. | Growth Capital Loan (Prime + 1.25% interest rate, 1.25% EOT payment) | 12/31/2019 | 2,750 | 2,709 | 2,709 | 6/30/2020 | ||||||||||||
Total E-Commerce - Personal Goods - 3.84%* | 12,750 | 12,765 | 12,765 | |||||||||||||||
Entertainment | ||||||||||||||||||
Mind Candy Limited(1)(3) | Growth Capital Loan (11.00% PIK, 3.00% Cash, 9.50% EOT payment) | 6/25/2014 | 12,746 | 12,596 | 11,186 | 6/30/2022 | ||||||||||||
Roli, Ltd.(1)(3)(7) | Growth Capital Loan (11.00% interest rate, 9.50% EOT payment)(2) | 5/23/2018 | 10,732 | 10,767 | 9,291 | 5/31/2021 | ||||||||||||
Growth Capital Loan (11.00% interest rate, 9.50% EOT payment)(2) | 5/23/2018 | 1,341 | 1,346 | 1,162 | 5/31/2021 | |||||||||||||
Growth Capital Loan (11.25% interest rate, 9.50% EOT payment)(2) | 7/16/2018 | 1,325 | 1,317 | 1,162 | 7/31/2021 | |||||||||||||
Revolver (Prime + 3.25% interest rate, 5.00% EOT payment)(2) | 7/5/2018 | 129 | 129 | 102 | 10/31/2020 | |||||||||||||
Revolver (Prime + 4.25% interest rate, 5.00% EOT payment)(2) | 7/5/2018 | 1,898 | 1,898 | 1,682 | 10/31/2020 | |||||||||||||
Revolver (Prime + 4.25% interest rate, 5.00% EOT payment)(2) | 9/27/2018 | 4,556 | 4,556 | 3,704 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 10.00% EOT payment)(2) | 6/5/2019 | 1,283 | 1,340 | 1,243 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 20.00% EOT payment)(2) | 7/9/2019 | 627 | 627 | 651 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 20.00% EOT payment)(2) | 8/28/2019 | 538 | 538 | 567 | 10/31/2020 | |||||||||||||
Growth Capital Loan (10.00% PIK interest rate)(2) | 10/24/2019 | 4,141 | 4,141 | 3,392 | 10/31/2020 | |||||||||||||
26,570 | 26,659 | 22,956 | ||||||||||||||||
Total Entertainment - 10.27%* | 39,316 | 39,255 | 34,142 | |||||||||||||||
Financial Institution and Services | ||||||||||||||||||
Prodigy Finance Limited(1)(3) | Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 12/5/2017 | 18,000 | 18,918 | 18,918 | 12/31/2020 | ||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 3/7/2018 | 2,200 | 2,286 | 2,286 | 3/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 7/31/2018 | 3,300 | 3,377 | 3,377 | 7/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 8/8/2018 | 2,500 | 2,553 | 2,553 | 8/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 9/5/2018 | 1,500 | 1,527 | 1,527 | 9/30/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 9/5/2018 | 2,500 | 2,545 | 2,545 | 9/30/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 11/15/2018 | 6,000 | 6,063 | 6,063 | 11/30/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 12/6/2018 | 4,000 | 4,028 | 4,028 | 12/31/2021 | |||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 4/30/2019 | 133 | 132 | 132 | 4/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 10.00% EOT payment) | 8/6/2019 | 267 | 262 | 262 | 8/31/2022 | |||||||||||||
Total Financial Institution and Services - 12.54%* | 40,400 | 41,691 | 41,691 | |||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||||||||
Mind Candy Limited(1)(3) | Growth Capital Loan (12.00% PIK interest rate, 9.50% EOT payment) | 6/25/2014 | $ | 14,320 | $ | 14,219 | $ | 14,033 | 6/30/2022 | |||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 3/17/2020 | 1,075 | 1,075 | 1,053 | 3/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 12/21/2020 | 1,003 | 1,003 | 976 | 12/31/2023 | |||||||||||||||||||||||||||||||||
16,398 | 16,297 | 16,062 | ||||||||||||||||||||||||||||||||||||
Roli, Ltd.(1)(3)(7) | Growth Capital Loan (11.00% PIK interest rate, 9.50% EOT payment)(2) | 5/23/2018 | 10,732 | 10,767 | 7,823 | 5/31/2021 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% PIK interest rate, 9.50% EOT payment)(2) | 5/23/2018 | 1,342 | 1,346 | 978 | 5/31/2021 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.25% PIK interest rate, 9.50% EOT payment)(2) | 7/16/2018 | 1,325 | 1,317 | 969 | 7/31/2021 | |||||||||||||||||||||||||||||||||
Revolver (8.75% PIK interest rate, 4.00% EOT payment)(2) | 7/5/2018 | 129 | 129 | 95 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Revolver (9.75% PIK interest rate, 4.00% EOT payment)(2) | 7/5/2018 | 1,898 | 1,898 | 1,401 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Revolver (9.75% PIK interest rate, 4.00% EOT payment)(2) | 9/27/2018 | 4,556 | 4,556 | 3,378 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 10.00% EOT payment)(2) | 6/5/2019 | 1,283 | 1,340 | 1,025 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 20.00% EOT payment)(2) | 7/9/2019 | 627 | 627 | 487 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate, 20.00% EOT payment)(2) | 8/28/2019 | 538 | 538 | 429 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate)(2) | 10/24/2019 | 4,925 | 4,925 | 3,696 | 10/31/2020 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% PIK interest rate)(2) | 4/23/2020 | 1,390 | 1,390 | 1,097 | 7/31/2020 | |||||||||||||||||||||||||||||||||
Convertible Note (8.00% interest rate)(2) | 7/15/2020 | 2,525 | 2,525 | — | 7/15/2023 | |||||||||||||||||||||||||||||||||
31,270 | 31,358 | 21,378 | ||||||||||||||||||||||||||||||||||||
Total Entertainment - 9.35%* | 47,668 | 47,655 | 37,440 | |||||||||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||||||||
Prodigy Finance Limited(1)(3) | Growth Capital Loan (8.00% PIK interest rate) | 12/31/2020 | 36,237 | 35,104 | 34,859 | 12/1/2023 | ||||||||||||||||||||||||||||||||
Total Financial Institution and Services - 8.71%* | 36,237 | 35,104 | 34,859 | |||||||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||||||||
Capsule Corporation | Growth Capital Loan (Prime + 7.75% interest rate, 13.00% floor, 13.00% EOT payment)(2) | 12/30/2020 | 15,000 | 14,542 | 14,542 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Food & Drug - 3.63%* | 15,000 | 14,542 | 14,542 | |||||||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||||||||
Medly Health Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | 5,000 | 4,811 | 4,811 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | 5,000 | 4,811 | 4,811 | 12/31/2023 | |||||||||||||||||||||||||||||||||
10,000 | 9,622 | 9,622 | ||||||||||||||||||||||||||||||||||||
Nurx Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 7.75% EOT payment) | 11/5/2019 | 19,526 | 19,785 | 19,785 | 11/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 9.00% EOT payment)(2) | 12/31/2020 | 10,000 | 9,847 | 9,847 | 12/31/2025 | |||||||||||||||||||||||||||||||||
29,526 | 29,632 | 29,632 | ||||||||||||||||||||||||||||||||||||
Total Healthcare Technology Systems - 9.80%* | 39,526 | 39,254 | 39,254 | |||||||||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 12.50% floor, 7.50% EOT payment) | 8/9/2019 | 15,000 | 15,093 | 15,093 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 11.25% floor, 6.25% EOT payment) | 11/1/2019 | 15,000 | 15,117 | 15,117 | 10/31/2022 | |||||||||||||||||||||||||||||||||
Total Household & Office Goods - 7.54%* | 30,000 | 30,210 | 30,210 | |||||||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Growth Capital Loan (10.00% interest rate, 6.50% EOT payment) | 3/20/2020 | 10,000 | 9,999 | 9,999 | 3/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.75% interest rate, 4.25% EOT payment)(2) | 12/31/2020 | 5,000 | 4,884 | 4,884 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Total Multimedia and Design Software - 3.72%* | 15,000 | 14,883 | 14,883 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Food & Drug | ||||||||||||||||||
Freshly Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 5.00% EOT payment) | 10/9/2019 | $ | 6,000 | $ | 5,703 | $ | 5,703 | 10/31/2022 | |||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 6.75% EOT payment) | 12/30/2019 | 3,000 | 2,833 | 2,833 | 12/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 6.50% EOT payment) | 12/30/2019 | 3,000 | 2,833 | 2,833 | 6/30/2022 | |||||||||||||
Total Food & Drug - 3.42%* | 12,000 | 11,369 | 11,369 | |||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||
Nurx Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 7.75% EOT payment) | 11/5/2019 | 20,000 | 19,669 | 19,669 | 11/30/2023 | ||||||||||||
Total Healthcare Technology Systems - 5.92%* | 20,000 | 19,669 | 19,669 | |||||||||||||||
Household & Office Goods | ||||||||||||||||||
Brooklinen, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 7.75% EOT payment) | 11/5/2019 | 2,000 | 1,848 | 1,848 | 11/30/2022 | ||||||||||||
Casper Sleep Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 7.50% EOT payment) | 8/9/2019 | 15,000 | 14,798 | 14,798 | 8/31/2023 | ||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 6.25% EOT payment) | 11/1/2019 | 15,000 | 14,749 | 14,749 | 10/31/2022 | |||||||||||||
30,000 | 29,547 | 29,547 | ||||||||||||||||
Total Household & Office Goods - 9.44%* | 32,000 | 31,395 | 31,395 | |||||||||||||||
Human Resources/Recruitment | ||||||||||||||||||
Hired, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 6.00% EOT payment) | 3/6/2019 | 5,000 | 4,981 | 4,946 | 9/30/2022 | ||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 7.25% EOT payment) | 3/6/2019 | 5,000 | 4,983 | 4,940 | 3/31/2022 | |||||||||||||
Total Human Resources/Recruitment - 2.97%* | 10,000 | 9,964 | 9,886 | |||||||||||||||
Network Systems Management Software | ||||||||||||||||||
Virtual Instruments Corporation | Growth Capital Loan (10.00% interest rate) | 4/4/2016 | 5,000 | 5,000 | 5,120 | 4/4/2020 | ||||||||||||
Growth Capital Loan (5.00% PIK interest rate) | 8/7/2018 | 30,441 | 30,441 | 28,386 | 4/4/2021 | |||||||||||||
Total Network Systems Management Software - 10.08%* | 35,441 | 35,441 | 33,506 | |||||||||||||||
Other Financial Services | ||||||||||||||||||
Upgrade, Inc. | Growth Capital Loan (9.50% interest rate, 8.50% EOT payment) | 1/18/2019 | 6,000 | 6,033 | 6,033 | 1/31/2023 | ||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 1/18/2019 | 1,522 | 1,528 | 1,528 | 1/31/2023 | |||||||||||||
Growth Capital Loan (8.50% interest rate, 2.75% EOT payment) | 1/18/2019 | 6,391 | 6,540 | 6,540 | 1/31/2020 | |||||||||||||
Growth Capital Loan (9.50% interest rate, 6.25% EOT payment) | 3/1/2019 | 6,087 | 6,131 | 6,131 | 2/28/2022 | |||||||||||||
Total Other Financial Services - 6.08%* | 20,000 | 20,232 | 20,232 | |||||||||||||||
Real Estate Services | ||||||||||||||||||
HomeLight, Inc. | Growth Capital Loan (13.00% interest rate) | 4/16/2019 | 2,000 | 1,969 | 1,983 | 4/30/2022 | ||||||||||||
Sonder USA, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 5.25% EOT payment) | 12/28/2018 | 20,000 | 20,044 | 20,044 | 6/30/2022 | ||||||||||||
Total Real Estate Services - 6.62%* | 22,000 | 22,013 | 22,027 | |||||||||||||||
Restaurant / Food Service | ||||||||||||||||||
Munchery, Inc.(7) | Growth Capital Loan (Prime + 8.25% interest rate, 8.75% EOT payment) | 6/30/2016 | 2,589 | 2,729 | 1,435 | 6/30/2019 | ||||||||||||
Growth Capital Loan (Prime + 8.25% interest rate)(2) | 4/25/2018 | 300 | 300 | 158 | 6/30/2019 | |||||||||||||
Total Restaurant / Food Service - 0.48%* | 2,889 | 3,029 | 1,593 | |||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||||||||
Signifyd, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 12.25% floor, 8.75% EOT payment) | 4/8/2020 | $ | 6,000 | $ | 5,970 | $ | 5,970 | 10/31/2023 | |||||||||||||||||||||||||||||
Virtual Instruments Corporation | Growth Capital Loan (10.00% interest rate) | 4/4/2016 | 5,000 | 5,000 | 4,971 | 4/4/2021 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (5.00% PIK interest rate) | 8/7/2018 | 31,967 | 31,967 | 27,802 | 4/4/2022 | |||||||||||||||||||||||||||||||||
36,967 | 36,967 | 32,773 | ||||||||||||||||||||||||||||||||||||
Total Network Systems Management Software - 9.68%* | 42,967 | 42,937 | 38,743 | |||||||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||||||||
Upgrade, Inc. | Growth Capital Loan (9.50% interest rate, 8.50% EOT payment) | 1/18/2019 | 6,000 | 6,217 | 6,500 | 1/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 1/18/2019 | 1,522 | 1,574 | 1,649 | 1/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.25% interest rate, 6.50% EOT payment) | 1/18/2019 | 6,391 | 6,785 | 6,792 | 1/31/2021 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.50% interest rate, 6.25% EOT payment) | 3/1/2019 | 3,694 | 3,942 | 4,064 | 2/28/2022 | |||||||||||||||||||||||||||||||||
Total Other Financial Services - 4.75%* | 17,607 | 18,518 | 19,005 | |||||||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||||||||
Sonder USA, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 10.50% floor, 5.25% EOT payment) | 12/28/2018 | 15,397 | 15,965 | 15,866 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 5,000 | 5,003 | 4,932 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 2,000 | 1,992 | 1,964 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Total Real Estate Services - 5.68%* | 22,397 | 22,960 | 22,762 | |||||||||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Growth Capital Loan (Prime + 2.90% interest rate, 8.40% floor, 8.00% EOT payment) | 3/27/2019 | 10,000 | 10,194 | 10,194 | 9/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 3.70% interest rate, 9.20% floor, 8.00% EOT payment) | 9/30/2019 | 10,000 | 10,079 | 10,079 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 8.00% EOT payment) | 12/23/2019 | 10,000 | 10,031 | 10,031 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Total Security Services - 7.57%* | 30,000 | 30,304 | 30,304 | |||||||||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 10/21/2019 | 10,000 | 10,173 | 9,912 | 4/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 11/27/2019 | 5,000 | 5,069 | 4,932 | 5/31/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.25% interest rate, 11.75% floor, 7.25% EOT payment) | 1/6/2020 | 10,000 | 10,089 | 9,786 | 7/31/2022 | |||||||||||||||||||||||||||||||||
Total Shopping Facilitators - 6.15%* | 25,000 | 25,331 | 24,630 | |||||||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||||||||
ClassPass Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 8.25% EOT payment) | 8/15/2019 | 15,000 | 15,259 | 15,156 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 8.25% EOT payment) | 9/30/2019 | 15,000 | 15,213 | 15,105 | 9/30/2023 | |||||||||||||||||||||||||||||||||
Total Social/Platform Software - 7.56%* | 30,000 | 30,472 | 30,261 | |||||||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 10/30/2019 | 20,000 | 19,825 | 19,479 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 3/27/2020 | 10,000 | 9,860 | 9,662 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Convertible Note (5.00% interest rate)(2) | 8/11/2020 | 300 | 300 | 294 | 2/11/2023 | |||||||||||||||||||||||||||||||||
Total Travel & Leisure - 7.35%* | 30,300 | 29,985 | 29,435 | |||||||||||||||||||||||||||||||||||
Total Debt Investments - 145.68%* | $ | 610,393 | $ | 613,345 | $ | 583,335 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | ||||||||||||||||||
Venture Growth Stage Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||
Security Services | ||||||||||||||||||
ForgeRock, Inc. | Growth Capital Loan (Prime + 3.75% interest rate, 8.50% EOT payment) | 8/15/2016 | $ | 370 | $ | 784 | $ | 784 | 2/29/2020 | |||||||||
Growth Capital Loan (Prime + 2.90% interest rate, 8.00% EOT payment) | 3/27/2019 | 10,000 | 9,975 | 9,975 | 9/30/2022 | |||||||||||||
Growth Capital Loan (Prime + 3.70% interest rate, 8.00% EOT payment) | 9/30/2019 | 10,000 | 9,852 | 9,852 | 12/31/2022 | |||||||||||||
Growth Capital Loan (Prime + 4.50% interest rate, 8.00% EOT payment) | 12/23/2019 | 10,000 | 9,794 | 9,794 | 12/31/2022 | |||||||||||||
Total Security Services - 9.14%* | 30,370 | 30,405 | 30,405 | |||||||||||||||
Shopping Facilitators | ||||||||||||||||||
Moda Operandi, Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 7.25% EOT payment) | 10/21/2019 | 10,000 | 9,825 | 9,825 | 4/30/2022 | ||||||||||||
Growth Capital Loan (Prime + 6.25% interest rate, 7.25% EOT payment) | 11/27/2019 | 5,000 | 4,897 | 4,897 | 5/31/2022 | |||||||||||||
Total Shopping Facilitators - 4.43%* | 15,000 | 14,722 | 14,722 | |||||||||||||||
Social/Platform Software | ||||||||||||||||||
ClassPass, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% EOT payment) | 8/15/2019 | 15,000 | 14,851 | 15,005 | 8/31/2023 | ||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% EOT payment) | 9/30/2019 | 15,000 | 14,805 | 14,962 | 9/30/2023 | |||||||||||||
Total Social/Platform Software - 9.01%* | 30,000 | 29,656 | 29,967 | |||||||||||||||
Travel & Leisure | ||||||||||||||||||
GoEuro Corp.(1) | Growth Capital Loan (10.25% interest rate, 4.00% EOT payment) | 10/30/2019 | 20,000 | 19,465 | 19,465 | 10/31/2022 | ||||||||||||
Total Travel & Leisure - 5.85%* | 20,000 | 19,465 | 19,465 | |||||||||||||||
Wireless Communications Equipment | ||||||||||||||||||
Cambridge Broadband Network Limited(1)(3)(7) | Growth Capital Loan (Prime + 11.75% interest rate) | 9/3/2014 | 6,701 | 6,701 | — | 12/31/2021 | ||||||||||||
Growth Capital Loan (12.00% PIK interest rate)(2) | 3/5/2019 | 375 | 375 | 94 | 12/31/2019 | |||||||||||||
Growth Capital Loan (12.00% PIK interest rate)(2) | 4/4/2019 | 375 | 375 | 94 | 12/31/2019 | |||||||||||||
Total Wireless Communications Equipment - 0.06%* | 7,451 | 7,451 | 188 | |||||||||||||||
Total Debt Investments - 181.81%* | $ | 631,609 | $ | 630,724 | $ | 604,518 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Warrant Investments(8) | ||||||||||||||||||||||||||||||||
Advertising / Marketing | ||||||||||||||||||||||||||||||||
InMobi Pte Ltd.(1)(3) | Ordinary Shares(2) | 12/13/2013 | 48,500 | $ | 35 | $ | 13 | |||||||||||||||||||||||||
Total Advertising / Marketing - 0.00%* | 48,500 | 35 | 13 | |||||||||||||||||||||||||||||
Building Materials/Construction Machinery | ||||||||||||||||||||||||||||||||
View, Inc. | Preferred Stock(2) | 6/13/2017 | 4,545,455 | 500 | 71 | |||||||||||||||||||||||||||
Total Building Materials/Construction Machinery - 0.02%* | 4,545,455 | 500 | 71 | |||||||||||||||||||||||||||||
Buildings and Property | ||||||||||||||||||||||||||||||||
Knotel, Inc. | Preferred Stock | 2/19/2019 | 360,260 | 159 | — | |||||||||||||||||||||||||||
Total Buildings and Property - 0.00%* | 360,260 | 159 | — | |||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 8/3/2020 | 14,490 | 51 | 51 | |||||||||||||||||||||||||||
Envoy, Inc. | Preferred Stock | 5/8/2020 | 35,893 | 82 | 86 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock | 1/3/2020 | 37,666 | 33 | 252 | |||||||||||||||||||||||||||
FinancialForce.com, Inc. | Preferred Stock(2) | 6/20/2016 | 547,440 | 1,540 | 2,480 | |||||||||||||||||||||||||||
Hi.Q, Inc. | Preferred Stock | 12/17/2018 | 606,952 | 196 | 971 | |||||||||||||||||||||||||||
Preferred Stock(2) | 12/31/2020 | 36,498 | 45 | 45 | ||||||||||||||||||||||||||||
643,450 | 241 | 1,016 | ||||||||||||||||||||||||||||||
Narvar, Inc. | Preferred Stock(2) | 8/28/2020 | 21,790 | 102 | 102 | |||||||||||||||||||||||||||
OneSource Virtual, Inc. | Preferred Stock | 6/25/2018 | 70,773 | 161 | 335 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock | 9/28/2018 | 21,929 | 303 | 590 | |||||||||||||||||||||||||||
Quantcast Corporation | Cash Exit Fee(5) | 8/9/2018 | — | 213 | 161 | |||||||||||||||||||||||||||
Toast, Inc. | Preferred Stock(2) | 2/1/2018 | 26,325 | 27 | 401 | |||||||||||||||||||||||||||
Total Business Applications Software - 1.37%* | 1,419,756 | 2,753 | 5,474 | |||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
Factual, Inc. | Preferred Stock(2) | 9/4/2018 | 47,072 | 86 | 56 | |||||||||||||||||||||||||||
Optoro, Inc. | Preferred Stock(2) | 7/13/2015 | 10,346 | 40 | 33 | |||||||||||||||||||||||||||
RetailNext, Inc. | Preferred Stock(2) | 11/16/2017 | 123,420 | 80 | 111 | |||||||||||||||||||||||||||
Total Business to Business Marketplace - 0.05%* | 180,838 | 206 | 200 | |||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Transfix, Inc. | Preferred Stock | 5/31/2019 | 133,502 | 188 | 188 | |||||||||||||||||||||||||||
Total Commercial Services - 0.05%* | 133,502 | 188 | 188 | |||||||||||||||||||||||||||||
Conferencing Equipment / Services | ||||||||||||||||||||||||||||||||
Fuze, Inc. (fka Thinking Phone Networks, Inc.) | Preferred Stock(2) | 9/29/2015 | 323,381 | 670 | 205 | |||||||||||||||||||||||||||
Total Conferencing Equipment / Services - 0.05%* | 323,381 | 670 | 205 | |||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock(2) | 10/8/2020 | 36,972 | 97 | 97 | |||||||||||||||||||||||||||
Hello Digit, Inc. | Preferred Stock(2) | 9/8/2020 | 723 | 12 | 12 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.03%* | 37,695 | 109 | 109 | |||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Hims, Inc. | Preferred Stock(2) | 11/27/2019 | 217,943 | 73 | 425 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 6/6/2019 | 49,709 | 189 | 275 | |||||||||||||||||||||||||||
Common Stock | 9/30/2020 | 48,391 | 208 | 354 | ||||||||||||||||||||||||||||
98,100 | 397 | 629 | ||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.26%* | 316,043 | 470 | 1,054 | |||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | |||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Warrant Investments(8) | |||||||||||||||
Advertising / Marketing | |||||||||||||||
InMobi Pte Ltd.(1)(2)(3) | Ordinary Shares | 12/13/2013 | 48,500 | $ | 35 | $ | 148 | ||||||||
Total Advertising / Marketing - 0.04%* | 48,500 | 35 | 148 | ||||||||||||
Building Materials/Construction Machinery | |||||||||||||||
View, Inc. | Preferred Stock | 6/13/2017 | 4,545,455 | 500 | 500 | ||||||||||
Total Building Materials/Construction Machinery - 0.15%* | 4,545,455 | 500 | 500 | ||||||||||||
Buildings and Property | |||||||||||||||
Knotel, Inc. | Preferred Stock | 2/19/2019 | 360,260 | 159 | 288 | ||||||||||
Total Buildings and Property - 0.09%* | 360,260 | 159 | 288 | ||||||||||||
Business Applications Software | |||||||||||||||
FinancialForce.com, Inc. | Preferred Stock | 6/20/2016 | 547,440 | 1,540 | 2,696 | ||||||||||
HI.Q, Inc. | Preferred Stock | 12/17/2018 | 606,952 | 196 | 437 | ||||||||||
OneSource Virtual, Inc. | Preferred Stock | 6/25/2018 | 58,977 | 134 | 185 | ||||||||||
Passport Labs, Inc. | Preferred Stock | 9/28/2018 | 21,929 | 303 | 518 | ||||||||||
Quantcast Corporation(5) | Cash Exit Fee | 8/9/2018 | — | 213 | 188 | ||||||||||
Toast, Inc.(2) | Preferred Stock | 2/1/2018 | 26,325 | 27 | 269 | ||||||||||
Total Business Applications Software - 1.29%* | 1,261,623 | 2,413 | 4,293 | ||||||||||||
Business to Business Marketplace | |||||||||||||||
Factual, Inc. | Preferred Stock | 9/4/2018 | 47,072 | 86 | 73 | ||||||||||
Optoro, Inc.(2) | Preferred Stock | 7/13/2015 | 10,346 | 40 | 37 | ||||||||||
RetailNext, Inc. | Preferred Stock | 11/16/2017 | 123,420 | 80 | 111 | ||||||||||
Total Business to Business Marketplace - 0.07%* | 180,838 | 206 | 221 | ||||||||||||
Commercial Services | |||||||||||||||
Transfix, Inc. | Preferred Stock | 5/31/2019 | 133,502 | 188 | 188 | ||||||||||
Total Commercial Services - 0.06%* | 133,502 | 188 | 188 | ||||||||||||
Conferencing Equipment / Services | |||||||||||||||
Fuze, Inc. (fka Thinking Phone Networks, Inc.)(2) | Preferred Stock | 9/29/2015 | 323,381 | 670 | 205 | ||||||||||
Total Conferencing Equipment / Services - 0.06%* | 323,381 | 670 | 205 | ||||||||||||
Consumer Non-Durables | |||||||||||||||
Hims, Inc.(2) | Preferred Stock | 11/27/2019 | 198,126 | 73 | 73 | ||||||||||
Imperfect Foods, Inc. | Preferred Stock | 6/6/2019 | 43,746 | 189 | 280 | ||||||||||
Total Consumer Non-Durables - 0.11%* | 241,872 | 262 | 353 | ||||||||||||
Consumer Products and Services | |||||||||||||||
Clutter, Inc. | Preferred Stock | 10/18/2018 | 77,434 | 363 | 530 | ||||||||||
Outdoor Voices, Inc. | Common Stock | 2/26/2019 | 255,000 | 360 | 360 | ||||||||||
Quip NYC, Inc. | Preferred Stock | 11/26/2018 | 41,272 | 455 | 455 | ||||||||||
Total Consumer Products and Services - 0.40%* | 373,706 | 1,178 | 1,345 | ||||||||||||
Consumer Retail | |||||||||||||||
LovePop, Inc. | Preferred Stock | 10/23/2018 | 163,463 | 168 | 128 | ||||||||||
Total Consumer Retail - 0.04%* | 163,463 | 168 | 128 | ||||||||||||
Database Software | |||||||||||||||
Qubole Inc. | Preferred Stock | 11/21/2018 | 265,266 | 122 | 122 | ||||||||||
Total Database Software - 0.04%* | 265,266 | 122 | 122 | ||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Clutter Inc. | Preferred Stock(2) | 10/18/2018 | 77,434 | $ | 363 | $ | 567 | |||||||||||||||||||||||||
Preferred Stock(2) | 9/30/2020 | 9,824 | 57 | 57 | ||||||||||||||||||||||||||||
87,258 | 420 | 624 | ||||||||||||||||||||||||||||||
Outdoor Voices, Inc. | Common Stock | 2/26/2019 | 255,000 | 360 | — | |||||||||||||||||||||||||||
Quip NYC, Inc. | Preferred Stock | 11/26/2018 | 41,272 | 455 | 1,020 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.41%* | 383,530 | 1,235 | 1,644 | |||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||
LovePop, Inc. | Preferred Stock(2) | 10/23/2018 | 163,463 | 168 | 128 | |||||||||||||||||||||||||||
Savage X, Inc. | Preferred Stock | 4/7/2020 | 11,591 | 171 | 200 | |||||||||||||||||||||||||||
Total Consumer Retail - 0.08%* | 175,054 | 339 | 328 | |||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock | 11/20/2017 | 173,341 | 521 | 714 | |||||||||||||||||||||||||||
Minted, Inc. | Preferred Stock | 9/30/2020 | 44,554 | 432 | 432 | |||||||||||||||||||||||||||
Outfittery GMBH(1)(3) | Cash Exit Fee(2)(5) | 8/10/2017 | — | 1,850 | 2,934 | |||||||||||||||||||||||||||
Rent the Runway, Inc. | Preferred Stock(2) | 11/25/2015 | 88,037 | 213 | 387 | |||||||||||||||||||||||||||
Common Stock(2) | 11/25/2015 | 149,203 | 1,081 | 1,010 | ||||||||||||||||||||||||||||
237,240 | 1,294 | 1,397 | ||||||||||||||||||||||||||||||
Stance, Inc. | Preferred Stock(2) | 3/31/2017 | 75,000 | 41 | 70 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock(2) | 11/30/2020 | 163,807 | 401 | 401 | |||||||||||||||||||||||||||
Untuckit LLC | Cash Exit Fee(2)(5) | 5/11/2018 | — | 39 | 57 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 1.50%* | 693,942 | 4,578 | 6,005 | |||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Enjoy Technology, Inc. | Preferred Stock | 9/7/2018 | 336,304 | 269 | 323 | |||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock | 4/2/2018 | 202,506 | 168 | 1,000 | |||||||||||||||||||||||||||
Preferred Stock | 5/22/2019 | 109,114 | 228 | 347 | ||||||||||||||||||||||||||||
311,620 | 396 | 1,347 | ||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.42%* | 647,924 | 665 | 1,670 | |||||||||||||||||||||||||||||
Educational/Training Software | ||||||||||||||||||||||||||||||||
Varsity Tutors LLC | Preferred Stock(2)(5) | 3/13/2017 | 240,590 | 65 | 185 | |||||||||||||||||||||||||||
Total Educational/Training Software - 0.05%* | 240,590 | 65 | 185 | |||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock | 3/24/2017 | 278,209 | 922 | 193 | |||||||||||||||||||||||||||
Roli, Ltd.(1)(3) | Preferred Stock(2) | 5/23/2018 | 102,247 | 644 | — | |||||||||||||||||||||||||||
Total Entertainment - 0.05%* | 380,456 | 1,566 | 193 | |||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||
BlueVine Capital, Inc. | Preferred Stock(2) | 9/15/2017 | 271,293 | 361 | 909 | |||||||||||||||||||||||||||
Prodigy Investments Limited(1)(3) | Ordinary Shares | 12/5/2017 | 44,064 | 828 | 148 | |||||||||||||||||||||||||||
Revolut Ltd.(1)(3) | Preferred Stock(2) | 4/16/2018 | 6,253 | 40 | 285 | |||||||||||||||||||||||||||
Preferred Stock(2) | 10/29/2019 | 7,945 | 324 | 117 | ||||||||||||||||||||||||||||
14,198 | 364 | 402 | ||||||||||||||||||||||||||||||
WorldRemit Group Limited(1)(3) | Preferred Stock(2) | 12/23/2015 | 128,288 | 382 | 479 | |||||||||||||||||||||||||||
Preferred Stock(2) | 12/23/2015 | 46,548 | 136 | 136 | ||||||||||||||||||||||||||||
174,836 | 518 | 615 | ||||||||||||||||||||||||||||||
Total Financial Institution and Services - 0.52%* | 504,391 | 2,071 | 2,074 | |||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 1/17/2020 | 202,533 | 437 | 549 | |||||||||||||||||||||||||||
Cash Exit Fee(2)(5) | 12/28/2018 | — | 129 | 129 | ||||||||||||||||||||||||||||
Total Food & Drug - 0.17%* | 202,533 | 566 | 678 | |||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | |||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
E-Commerce - Clothing and Accessories | |||||||||||||||
FabFitFun, Inc. | Preferred Stock | 11/20/2017 | 173,341 | $ | 521 | $ | 364 | ||||||||
Outfittery GMBH(1)(2)(3)(5) | Cash Exit Fee | 8/10/2017 | — | 1,170 | 942 | ||||||||||
Rent the Runway, Inc. | Preferred Stock | 11/25/2015 | 88,037 | 213 | 428 | ||||||||||
Common Stock | 11/25/2015 | 149,203 | 1,081 | 1,277 | |||||||||||
237,240 | 1,294 | 1,705 | |||||||||||||
Stance, Inc. | Preferred Stock | 3/31/2017 | 75,000 | 41 | 70 | ||||||||||
Untuckit LLC(5) | Cash Exit Fee | 5/11/2018 | — | 39 | 52 | ||||||||||
Total E-Commerce - Clothing and Accessories - 0.94%* | 485,581 | 3,065 | 3,133 | ||||||||||||
E-Commerce - Personal Goods | |||||||||||||||
Enjoy Technology, Inc. | Preferred Stock | 9/7/2018 | 336,304 | 269 | 424 | ||||||||||
Grove Collaborative, Inc. | Preferred Stock | 4/2/2018 | 202,506 | 168 | 964 | ||||||||||
Preferred Stock | 5/22/2019 | 60,013 | 126 | 172 | |||||||||||
262,519 | 294 | 1,136 | |||||||||||||
Total E-Commerce - Personal Goods - 0.47%* | 598,823 | 563 | 1,560 | ||||||||||||
Educational/Training Software | |||||||||||||||
Varsity Tutors LLC(2)(5) | Preferred Stock | 3/13/2017 | 240,590 | 65 | 185 | ||||||||||
Total Educational/Training Software - 0.06%* | 240,590 | 65 | 185 | ||||||||||||
Entertainment | |||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock | 3/24/2017 | 278,209 | 922 | 199 | ||||||||||
Roli, Ltd.(1)(2)(3) | Preferred Stock | 5/23/2018 | 102,247 | 644 | 5 | ||||||||||
Total Entertainment - 0.06%* | 380,456 | 1,566 | 204 | ||||||||||||
Financial Institution and Services | |||||||||||||||
BlueVine Capital, Inc. | Preferred Stock | 9/15/2017 | 271,293 | 361 | 909 | ||||||||||
Prodigy Investments Limited(1)(3) | Preferred Stock | 12/5/2017 | 41,046 | 775 | 958 | ||||||||||
Revolut Ltd.(1)(2)(3) | Preferred Stock | 4/16/2018 | 6,253 | 40 | 121 | ||||||||||
Preferred Stock | 10/29/2019 | 17,190 | 324 | 324 | |||||||||||
23,443 | 364 | 445 | |||||||||||||
WorldRemit Ltd.(1)(3) | Preferred Stock | 12/23/2015 | 128,288 | 382 | 478 | ||||||||||
Preferred Stock | 12/23/2015 | 46,548 | 136 | 136 | |||||||||||
174,836 | 518 | 614 | |||||||||||||
Total Financial Institution and Services - 0.88%* | 510,618 | 2,018 | 2,926 | ||||||||||||
Food & Drug | |||||||||||||||
Capsule Corp.(2)(5) | Cash Exit Fee | 12/28/2018 | — | 129 | 129 | ||||||||||
Freshly Inc.(1) | Preferred Stock | 10/7/2019 | 107,732 | 580 | 580 | ||||||||||
Preferred Stock | 10/7/2019 | 31,299 | 109 | 109 | |||||||||||
139,031 | 689 | 689 | |||||||||||||
Total Food & Drug - 0.25%* | 139,031 | 818 | 818 | ||||||||||||
General Media and Content | |||||||||||||||
BZ Holdings, Inc. (fka TechMediaNetwork, Inc.)(2) | Preferred Stock | 3/17/2014 | 72,234 | 31 | 51 | ||||||||||
Thrillist Media Group, Inc.(2) | Common Stock | 9/24/2014 | 774,352 | 624 | 1,022 | ||||||||||
Total General Media and Content - 0.32%* | 846,586 | 655 | 1,073 | ||||||||||||
Healthcare Technology Systems | |||||||||||||||
Curology, Inc.(2) | Preferred Stock | 5/23/2019 | 25,214 | 20 | 20 | ||||||||||
Groop Internet Platfom, Inc.(2) | Preferred Stock | 5/15/2019 | 50,881 | 128 | 38 | ||||||||||
Nurx Inc. | Preferred Stock | 8/19/2019 | 136,573 | 216 | 216 | ||||||||||
Total Healthcare Technology Systems - 0.08%* | 212,668 | 364 | 274 | ||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
General Media and Content | ||||||||||||||||||||||||||||||||
Thrillist Media Group, Inc. | Common Stock(2) | 9/24/2014 | 774,352 | $ | 624 | $ | 1,092 | |||||||||||||||||||||||||
Total General Media and Content - 0.27%* | 774,352 | 624 | 1,092 | |||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/23/2019 | 36,020 | 58 | 58 | |||||||||||||||||||||||||||
Groop Internet Platfom, Inc. | Preferred Stock(2) | 5/15/2019 | 50,881 | 128 | 198 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 11/20/2020 | 1,083,470 | 195 | 195 | |||||||||||||||||||||||||||
Nurx Inc. | Preferred Stock | 8/19/2019 | 170,716 | 270 | 270 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.18%* | 1,341,087 | 651 | 721 | |||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Preferred Stock | 3/1/2019 | 21,736 | 240 | 17 | |||||||||||||||||||||||||||
Total Household & Office Goods - 0.00%* | 21,736 | 240 | 17 | |||||||||||||||||||||||||||||
Medical Software and Information Services | ||||||||||||||||||||||||||||||||
AirStrip Technologies, Inc. | Preferred Stock(2) | 10/9/2013 | 8,036 | 112 | — | |||||||||||||||||||||||||||
Total Medical Software and Information Services - 0.00%* | 8,036 | 112 | — | |||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Preferred Stock | 2/28/2020 | 179,211 | 199 | 199 | |||||||||||||||||||||||||||
Total Multimedia and Design Software - 0.05%* | 179,211 | 199 | 199 | |||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 1/10/2020 | 18,945 | 54 | 54 | |||||||||||||||||||||||||||
Signifyd, Inc. | Preferred Stock(2) | 12/19/2019 | 33,445 | 132 | 332 | |||||||||||||||||||||||||||
Total Network Systems Management Software - 0.10%* | 52,390 | 186 | 386 | |||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock | 1/18/2019 | 744,225 | 223 | 193 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.05%* | 744,225 | 223 | 193 | |||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
HomeLight, Inc. | Preferred Stock(2) | 12/21/2018 | 54,004 | 44 | 113 | |||||||||||||||||||||||||||
Preferred Stock(2) | 11/5/2020 | 31,615 | 44 | 44 | ||||||||||||||||||||||||||||
85,619 | 88 | 157 | ||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock | 12/28/2018 | 136,511 | 232 | 613 | |||||||||||||||||||||||||||
Preferred Stock | 3/4/2020 | 14,291 | 42 | 42 | ||||||||||||||||||||||||||||
150,802 | 274 | 655 | ||||||||||||||||||||||||||||||
Total Real Estate Services - 0.20%* | 236,421 | 362 | 812 | |||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Preferred Stock(2) | 3/30/2016 | 195,992 | 155 | 110 | |||||||||||||||||||||||||||
Preferred Stock | 3/29/2019 | 161,724 | 340 | 45 | ||||||||||||||||||||||||||||
Total Security Services - 0.04%* | 357,716 | 495 | 155 | |||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Preferred Stock | 9/27/2019 | 34,538 | 343 | 161 | |||||||||||||||||||||||||||
OfferUp Inc. | Preferred Stock(2) | 12/23/2019 | 44,788 | 42 | 42 | |||||||||||||||||||||||||||
Total Shopping Facilitators - 0.05%* | 79,326 | 385 | 203 | |||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock | 3/18/2019 | 84,507 | 281 | 151 | |||||||||||||||||||||||||||
Total Social/Platform Software - 0.04%* | 84,507 | 281 | 151 | |||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||
Bird Rides, Inc. | Preferred Stock(2) | 4/18/2019 | 68,111 | 193 | 55 | |||||||||||||||||||||||||||
Total Transportation - 0.01%* | 68,111 | 193 | 55 | |||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | |||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Household & Office Goods | |||||||||||||||
Brooklinen, Inc. | Preferred Stock | 10/31/2019 | 44,822 | $ | 289 | $ | 289 | ||||||||
Casper Sleep Inc. | Preferred Stock | 3/1/2019 | 19,201 | 240 | 22 | ||||||||||
Total Household & Office Goods - 0.09%* | 64,023 | 529 | 311 | ||||||||||||
Human Resources/Recruitment | |||||||||||||||
Hired, Inc. | Preferred Stock | 9/21/2018 | 93,141 | 157 | 89 | ||||||||||
Total Human Resources/Recruitment - 0.03%* | 93,141 | 157 | 89 | ||||||||||||
Medical Software and Information Services | |||||||||||||||
AirStrip Technologies, Inc.(2) | Preferred Stock | 10/9/2013 | 8,036 | 112 | — | ||||||||||
Total Medical Software and Information Services - 0.00%* | 8,036 | 112 | — | ||||||||||||
Network Systems Management Software | |||||||||||||||
Signifyd, Inc.(2) | Preferred Stock | 12/19/2019 | 33,445 | 132 | 132 | ||||||||||
Total Network Systems Management Software - 0.04%* | 33,445 | 132 | 132 | ||||||||||||
Other Financial Services | |||||||||||||||
Upgrade, Inc. | Preferred Stock | 1/18/2019 | 744,225 | 223 | 112 | ||||||||||
Total Other Financial Services - 0.03%* | 744,225 | 223 | 112 | ||||||||||||
Real Estate Services | |||||||||||||||
HomeLight, Inc.(2) | Preferred Stock | 12/21/2018 | 54,004 | 44 | 124 | ||||||||||
Sonder USA, Inc. | Preferred Stock | 12/28/2018 | 136,511 | 232 | 613 | ||||||||||
Total Real Estate Services - 0.22%* | 190,515 | 276 | 737 | ||||||||||||
Security Services | |||||||||||||||
ForgeRock, Inc. | Preferred Stock | 3/30/2016 | 195,992 | 155 | 606 | ||||||||||
Preferred Stock | 3/30/2016 | 161,724 | 340 | 340 | |||||||||||
Total Security Services - 0.28%* | 357,716 | 495 | 946 | ||||||||||||
Shopping Facilitators | |||||||||||||||
Moda Operandi, Inc. | Preferred Stock | 9/27/2019 | 30,849 | 306 | 981 | ||||||||||
OfferUp, Inc.(2) | Preferred Stock | 12/23/2019 | 44,788 | 42 | 42 | ||||||||||
Total Shopping Facilitators - 0.31%* | 75,637 | 348 | 1,023 | ||||||||||||
Social/Platform Software | |||||||||||||||
ClassPass, Inc. | Preferred Stock | 3/18/2019 | 84,507 | 281 | 281 | ||||||||||
Total Social/Platform Software - 0.08%* | 84,507 | 281 | 281 | ||||||||||||
Transportation | |||||||||||||||
Bird Rides, Inc. | Preferred Stock | 4/18/2019 | 68,111 | 193 | 193 | ||||||||||
Total Transportation - 0.06%* | 68,111 | 193 | 193 | ||||||||||||
Travel & Leisure | |||||||||||||||
GoEuro Corp.(1)(2)(3) | Preferred Units | 3/26/2018 | 8,558 | 257 | 257 | ||||||||||
Inspirato, LLC(2)(3) | Preferred Units | 4/25/2013 | 1,994 | 37 | 45 | ||||||||||
Total Travel & Leisure - 0.09%* | 10,552 | 294 | 302 | ||||||||||||
Wireless Communications Equipment | |||||||||||||||
Cambridge Broadband Network Limited(1)(3) | Preferred Shares | 9/3/2014 | 33,000 | 95 | — | ||||||||||
Total Wireless Communications Equipment - 0.00%* | 33,000 | 95 | — | ||||||||||||
Total Warrant Investments - 6.64%* | $ | 18,150 | $ | 22,090 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Units | 9/18/2019 | 12,027 | $ | 362 | $ | 111 | |||||||||||||||||||||||||
Inspirato, LLC | Preferred Units(2) | 4/25/2013 | 1,994 | 37 | 45 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.04%* | 14,021 | 399 | 156 | |||||||||||||||||||||||||||||
Total Warrant Investments - 6.05%* | $ | 20,525 | $ | 24,231 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | |||||||||||||||
Venture Growth Stage Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Equity Investments(8) | |||||||||||||||
Business Applications Software | |||||||||||||||
Convoy, Inc.(2) | Preferred Stock | 9/27/2018 | 35,208 | $ | 250 | $ | 353 | ||||||||
Medallia, Inc.(2)(10) | Common Stock | 11/13/2014 | 48,616 | 11 | 1,452 | ||||||||||
Passport Labs, Inc.(2) | Preferred Stock | 6/11/2019 | 1,302 | 100 | 100 | ||||||||||
Total Business Applications Software - 0.57%* | 85,126 | 361 | 1,905 | ||||||||||||
Communications Software | |||||||||||||||
Pluribus Networks, Inc.(2) | Preferred Stock | 1/10/2017 | 722,073 | 2,000 | 2,000 | ||||||||||
Total Communications Software - 0.60%* | 722,073 | 2,000 | 2,000 | ||||||||||||
Consumer Non-Durables | |||||||||||||||
Hims, Inc.(2) | Preferred Stock | 4/29/2019 | 144,092 | 500 | 506 | ||||||||||
Total Consumer Non-Durables - 0.15%* | 144,092 | 500 | 506 | ||||||||||||
E-Commerce - Clothing and Accessories | |||||||||||||||
FabFitFun, Inc.(2) | Preferred Stock | 1/17/2019 | 67,934 | 500 | 595 | ||||||||||
Total E-Commerce - Clothing and Accessories - 0.18%* | 67,934 | 500 | 595 | ||||||||||||
E-Commerce - Personal Goods | |||||||||||||||
Grove Collaborative, Inc.(2) | Preferred Stock | 6/5/2018 | 134,249 | 500 | 975 | ||||||||||
Total E-Commerce - Personal Goods - 0.29%* | 134,249 | 500 | 975 | ||||||||||||
Educational/Training Software | |||||||||||||||
Varsity Tutors LLC(2) | Preferred Stock | 1/5/2018 | 92,470 | 250 | 249 | ||||||||||
Total Educational/Training Software - 0.07%* | 92,470 | 250 | 249 | ||||||||||||
Financial Institution and Services | |||||||||||||||
GoGreenHost AB(1)(2)(3) | Preferred Stock | 12/1/2017 | 1 | 2,134 | 1,236 | ||||||||||
Revolut Ltd.(1)(2)(3) | Preferred Stock | 8/3/2017 | 25,920 | 292 | 1,189 | ||||||||||
Total Financial Institution and Services - 0.73%* | 25,921 | 2,426 | 2,425 | ||||||||||||
Food & Drug | |||||||||||||||
Capsule Corp.(2) | Preferred Stock | 7/25/2019 | 75,013 | 500 | 500 | ||||||||||
Total Food & Drug - 0.15%* | 75,013 | 500 | 500 | ||||||||||||
Healthcare Technology Systems | |||||||||||||||
Curology, Inc.(2) | Preferred Stock | 11/26/2019 | 60,514 | 180 | 213 | ||||||||||
Groop Internet Platfom, Inc.(2) | Preferred Stock | 5/15/2019 | 90,859 | 250 | 250 | ||||||||||
Nurx Inc.(2) | Preferred Stock | 5/31/2019 | 136,572 | 1,000 | 1,004 | ||||||||||
Total Healthcare Technology Systems - 0.44%* | 287,945 | 1,430 | 1,467 | ||||||||||||
Household & Office Goods | |||||||||||||||
Casper Sleep Inc.(2) | Preferred Stock | 6/19/2017 | 8,000 | 250 | 252 | ||||||||||
Common Stock | 6/30/2019 | 26,669 | 750 | 340 | |||||||||||
Total Household & Office Goods - 0.18%* | 34,669 | 1,000 | 592 | ||||||||||||
Network Systems Management Software | |||||||||||||||
Cohesity Inc.(2) | Preferred Stock | 3/24/2017 | 60,342 | 400 | 550 | ||||||||||
Total Network Systems Management Software - 0.17%* | 60,342 | 400 | 550 | ||||||||||||
Real Estate Services | |||||||||||||||
Sonder Canada, Inc.(1)(2)(3) | Preferred Stock | 5/17/2019 | 29,773 | 312 | 312 | ||||||||||
Total Real Estate Services - 0.09%* | 29,773 | 312 | 312 | ||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Equity Investments(8) | ||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Convoy, Inc. | Preferred Stock(2) | 9/27/2018 | 35,208 | $ | 250 | $ | 356 | |||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 9/22/2020 | 15,456 | 120 | 120 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock(2) | 7/31/2020 | 5,041 | 167 | 167 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock(2) | 6/11/2019 | 1,302 | 100 | 103 | |||||||||||||||||||||||||||
Total Business Applications Software - 0.19%* | 57,007 | 637 | 746 | |||||||||||||||||||||||||||||
Communications Software | ||||||||||||||||||||||||||||||||
Pluribus Networks, Inc. | Preferred Stock(2) | 1/10/2017 | 722,073 | 2,000 | 2,000 | |||||||||||||||||||||||||||
Total Communications Software - 0.50%* | 722,073 | 2,000 | 2,000 | |||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock(2) | 11/10/2020 | 14,788 | 150 | 150 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.04%* | 14,788 | 150 | 150 | |||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Hims, Inc. | Preferred Stock(2) | 4/29/2019 | 158,501 | 500 | 574 | |||||||||||||||||||||||||||
Prodigy Investments Limited(1) | Preference Shares(2) | 12/31/2020 | 1,552 | 15,520 | 12,957 | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 3.38%* | 160,053 | 16,020 | 13,531 | |||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 12/14/2020 | 85,542 | 333 | 333 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.08%* | 85,542 | 333 | 333 | |||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 1/17/2019 | 67,934 | 500 | 768 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 0.19%* | 67,934 | 500 | 768 | |||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 6/5/2018 | 134,249 | 500 | 977 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.24%* | 134,249 | 500 | 977 | |||||||||||||||||||||||||||||
Educational/Training Software | ||||||||||||||||||||||||||||||||
Varsity Tutors LLC | Preferred Stock(2) | 1/5/2018 | 92,470 | 250 | 256 | |||||||||||||||||||||||||||
Total Educational/Training Software - 0.06%* | 92,470 | 250 | 256 | |||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/9/2020 | 511,665 | 1,000 | 1,003 | |||||||||||||||||||||||||||
Total Entertainment - 0.25%* | 511,665 | 1,000 | 1,003 | |||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||
GoGreenHost AB(1)(3) | Preferred Stock(2) | 12/1/2017 | 1 | 2,134 | 657 | |||||||||||||||||||||||||||
Revolut Ltd.(1)(3) | Preferred Stock(2) | 8/3/2017 | 25,920 | 292 | 1,447 | |||||||||||||||||||||||||||
Total Financial Institution and Services - 0.53%* | 25,921 | 2,426 | 2,104 | |||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 7/25/2019 | 75,013 | 500 | 500 | |||||||||||||||||||||||||||
Total Food & Drug - 0.12%* | 75,013 | 500 | 500 | |||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 11/26/2019 | 66,000 | 196 | 237 | |||||||||||||||||||||||||||
Common Stock(2) | 1/14/2020 | 142,855 | 404 | 320 | ||||||||||||||||||||||||||||
208,855 | 600 | 557 | ||||||||||||||||||||||||||||||
Groop Internet Platfom, Inc. | Preferred Stock(2) | 5/15/2019 | 90,859 | 250 | 584 | |||||||||||||||||||||||||||
Nurx Inc. | Preferred Stock(2) | 5/31/2019 | 136,572 | 1,000 | 1,004 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.54%* | 436,286 | 1,850 | 2,145 | |||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2019 | |||||||||||||||
Venture Growth Stage Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | ||||||||||
Security Services | |||||||||||||||
CrowdStrike, Inc.(2)(10) | Common Stock | 10/13/2017 | 278,747 | $ | 1,072 | $ | 13,901 | ||||||||
Total Security Services - 4.18%* | 278,747 | 1,072 | 13,901 | ||||||||||||
Travel & Leisure | |||||||||||||||
GoEuro Corp.(1)(2)(3) | Preferred Stock | 10/5/2017 | 2,362 | 300 | 278 | ||||||||||
Inspirato, LLC(2)(4) | Preferred Units | 9/11/2014 | 1,948 | 250 | 266 | ||||||||||
Total Travel & Leisure - 0.16%* | 4,310 | 550 | 544 | ||||||||||||
Total Equity Investments - 7.98%* | $ | 11,801 | $ | 26,521 | |||||||||||
Total Investments in Portfolio Companies - 196.43%*(11) | $ | 660,675 | $ | 653,129 | |||||||||||
Total Investments - 196.43%*(9) | $ | 660,675 | $ | 653,129 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Venture Growth Stage Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Common Stock(2)(10) | 6/19/2017 | 35,722 | $ | 1,000 | $ | 220 | |||||||||||||||||||||||||
Total Household & Office Goods - 0.05%* | 35,722 | 1,000 | 220 | |||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 3/24/2017 | 60,342 | 400 | 605 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/7/2020 | 9,022 | 125 | 125 | ||||||||||||||||||||||||||||
Total Network Systems Management Software - 0.18%* | 69,364 | 525 | 730 | |||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock(2) | 5/21/2019 | 29,773 | 312 | 313 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.08%* | 29,773 | 312 | 313 | |||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock(2) | 10/5/2017 | 2,362 | 300 | 171 | |||||||||||||||||||||||||||
Inspirato, LLC | Preferred Units(2)(4) | 9/11/2014 | 1,948 | 250 | 266 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.11%* | 4,310 | 550 | 437 | |||||||||||||||||||||||||||||
Total Equity Investments - 6.55%* | $ | 28,553 | $ | 26,213 | ||||||||||||||||||||||||||||
Total Investments in Portfolio Companies - 158.27%*(11) | $ | 662,423 | $ | 633,779 | ||||||||||||||||||||||||||||
Total Investments - 158.27%*(9) | $ | 662,423 | $ | 633,779 |
Base Management and Incentive Fees (in thousands) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | ||||||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | |||||||||||||||||||||||||||
Management and Incentive Fees (in thousands) | Management and Incentive Fees (in thousands) | For the Three Months Ended March 31, | ||||||||||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||||||||||||
Base management fee | $ | 3,235 | $ | 2,076 | $ | 6,010 | $ | 3,837 | Base management fee | $ | 2,924 | $ | 2,774 | |||||||||||||||||
Income incentive fee | $ | 2,884 | $ | 2,530 | $ | 2,884 | $ | 5,009 | Income incentive fee | $ | 2,227 | $ | — | |||||||||||||||||
Capital gains incentive fee | $ | — | $ | — | $ | — | $ | — | Capital gains incentive fee | $ | — | $ | — |
Investment Type (in thousands) | March 31, 2021 | December 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||||||||||||||||
Debt investments | $ | — | $ | — | $ | 574,131 | $ | 574,131 | $ | — | $ | — | $ | 583,335 | $ | 583,335 | ||||||||||||||||||||||||||||||||||
Warrant investments | — | — | 29,789 | 29,789 | — | — | 24,231 | 24,231 | ||||||||||||||||||||||||||||||||||||||||||
Equity investments | 259 | — | 29,517 | 29,776 | 220 | — | 25,993 | 26,213 | ||||||||||||||||||||||||||||||||||||||||||
Total investments | $ | 259 | $ | — | $ | 633,437 | $ | 633,696 | $ | 220 | $ | — | $ | 633,559 | $ | 633,779 |
Investment Type (in thousands) | June 30, 2020 | December 31, 2019 | ||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Debt investments | $ | — | $ | — | $ | 652,533 | $ | 652,533 | $ | — | $ | — | $ | 604,518 | $ | 604,518 | ||||||||||||||||
Warrant investments | — | — | 20,996 | 20,996 | — | — | 22,090 | 22,090 | ||||||||||||||||||||||||
Equity investments | 6,918 | 308 | 12,098 | 19,324 | 13,901 | 1,452 | 11,168 | 26,521 | ||||||||||||||||||||||||
Total investments | $ | 6,918 | $ | 308 | $ | 685,627 | $ | 692,853 | $ | 13,901 | $ | 1,452 | $ | 637,776 | $ | 653,129 |
Level 3 Investment Activity (in thousands) | For the Six Months Ended June 30, 2020 | Level 3 Investment Activity (in thousands) | For the Three Months Ended March 31, 2021 | |||||||||||||||||||||||||||||||||||||||
Debt Investments | Warrant Investments | Equity Investments | Total Investments | Debt Investments | Warrant Investments | Equity Investments | Total Investments | |||||||||||||||||||||||||||||||||||
Fair value as of December 31, 2019 | $ | 604,518 | $ | 22,090 | $ | 11,168 | $ | 637,776 | ||||||||||||||||||||||||||||||||||
Fair value as of December 31, 2020 | Fair value as of December 31, 2020 | $ | 583,335 | $ | 24,231 | $ | 25,993 | $ | 633,559 | |||||||||||||||||||||||||||||||||
Funding and purchases of investments, at cost | 97,151 | 1,227 | 1,545 | 99,923 | Funding and purchases of investments, at cost | 55,642 | 1,621 | 2,643 | 59,906 | |||||||||||||||||||||||||||||||||
Principal payments and sale proceeds received from investments | (44,552 | ) | — | — | (44,552 | ) | Principal payments and sale proceeds received from investments | (66,035) | — | — | (66,035) | |||||||||||||||||||||||||||||||
Amortization and accretion of premiums and discounts, net and end-of term payments | 8,048 | — | — | 8,048 | Amortization and accretion of premiums and discounts, net and end-of term payments | 1,119 | — | — | 1,119 | |||||||||||||||||||||||||||||||||
Realized gains (losses) on investments | (18,037 | ) | (384 | ) | — | (18,421 | ) | |||||||||||||||||||||||||||||||||||
Net realized gains (losses) on investments | Net realized gains (losses) on investments | (15,459) | (244) | — | (15,703) | |||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) included in earnings | 1,789 | (1,937 | ) | (23 | ) | (171 | ) | Net change in unrealized gains (losses) included in earnings | 13,548 | 4,181 | 881 | 18,610 | ||||||||||||||||||||||||||||||
Payment-in-kind coupon | 3,616 | — | — | 3,616 | Payment-in-kind coupon | 1,981 | — | — | 1,981 | |||||||||||||||||||||||||||||||||
Gross transfers out of Level 3(1) | — | — | (592 | ) | (592 | ) | Gross transfers out of Level 3(1) | — | — | — | — | |||||||||||||||||||||||||||||||
Fair value as of June 30, 2020 | $ | 652,533 | $ | 20,996 | $ | 12,098 | $ | 685,627 | ||||||||||||||||||||||||||||||||||
Fair value as of March 31, 2021 | Fair value as of March 31, 2021 | $ | 574,131 | $ | 29,789 | $ | 29,517 | $ | 633,437 | |||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) on Level 3 investments held as of June 30, 2020 | $ | (15,999 | ) | $ | (2,032 | ) | $ | (23 | ) | $ | (18,054 | ) | ||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) on Level 3 investments held as of March 31, 2021 | Net change in unrealized gains (losses) on Level 3 investments held as of March 31, 2021 | $ | (1,273) | $ | 3,992 | $ | 881 | $ | 3,600 |
Level 3 Investment Activity (in thousands) | For the Six Months Ended June 30, 2019 | Level 3 Investment Activity (in thousands) | For the Three Months Ended March 31, 2020 | |||||||||||||||||||||||||||||||||||||||
Debt Investments | Warrant Investments | Equity Investments | Total Investments | Debt Investments | Warrant Investments | Equity Investments | Total Investments | |||||||||||||||||||||||||||||||||||
Fair value as of December 31, 2018 | $ | 405,347 | $ | 15,518 | $ | 10,556 | $ | 431,421 | ||||||||||||||||||||||||||||||||||
Fair value as of December 31, 2019 | Fair value as of December 31, 2019 | $ | 604,518 | $ | 22,090 | $ | 11,168 | $ | 637,776 | |||||||||||||||||||||||||||||||||
Funding and purchases of investments, at cost | 158,743 | 1,959 | 2,401 | 163,103 | Funding and purchases of investments, at cost | 77,025 | 1,074 | 1,420 | 79,519 | |||||||||||||||||||||||||||||||||
Principal payments and sale proceeds received from investments | (121,797 | ) | — | — | (121,797 | ) | Principal payments and sale proceeds received from investments | (6,813) | — | — | (6,813) | |||||||||||||||||||||||||||||||
Amortization and accretion of premiums and discounts, net and end-of term payments | 4,977 | — | — | 4,977 | Amortization and accretion of premiums and discounts, net and end-of term payments | 3,782 | — | — | 3,782 | |||||||||||||||||||||||||||||||||
Realized gains (losses) on investments | — | 7 | — | 7 | ||||||||||||||||||||||||||||||||||||||
Net realized gains (losses) on investments | Net realized gains (losses) on investments | — | (289) | — | (289) | |||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) included in earnings | (3,619 | ) | 2,021 | 18,846 | 17,248 | Net change in unrealized gains (losses) included in earnings | (17,614) | (374) | 272 | (17,716) | ||||||||||||||||||||||||||||||||
Payment-in-kind coupon | 1,062 | — | — | 1,062 | Payment-in-kind coupon | 852 | — | — | 852 | |||||||||||||||||||||||||||||||||
Gross transfers out of Level 3(1) | — | — | (22,132 | ) | (22,132 | ) | Gross transfers out of Level 3(1) | — | — | (592) | (592) | |||||||||||||||||||||||||||||||
Fair value as of June 30, 2019 | $ | 444,713 | $ | 19,505 | $ | 9,671 | $ | 473,889 | ||||||||||||||||||||||||||||||||||
Fair value as of March 31, 2020 | Fair value as of March 31, 2020 | $ | 661,750 | $ | 22,501 | $ | 12,268 | $ | 696,519 | |||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) on Level 3 investments held as of June 30, 2019 | $ | (1,140 | ) | $ | (124 | ) | $ | (270 | ) | $ | (1,534 | ) | ||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) on Level 3 investments held as of March 31, 2020 | Net change in unrealized gains (losses) on Level 3 investments held as of March 31, 2020 | $ | (17,614) | $ | (374) | $ | 272 | $ | (17,716) |
Level 3 Investments (dollars in thousands) | March 31, 2021 | |||||||||||||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | ||||||||||||||||||||||||||||
Debt investments | $ | 552,173 | Discounted Cash Flows | Discount Rate | 7.35% - 37.77% | 14.84% | ||||||||||||||||||||||||||
21,958 | Probability-Weighted Expected Return Method | Probability Weighting of Alternative Outcomes | 50.00% - 50.00% | |||||||||||||||||||||||||||||
Warrant investments | 24,693 | Black Scholes Option Pricing Model | Revenue Multiples | 0.38x - 18.21x | 5.49x | |||||||||||||||||||||||||||
Volatility | 40.00% - 85.00% | 61.29% | ||||||||||||||||||||||||||||||
Term | 0.20 - 6.00 Years | 3.04 Years | ||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 20.00% | 19.41% | ||||||||||||||||||||||||||||||
Risk Free Rate | 0.06% - 0.92% | 0.27% | ||||||||||||||||||||||||||||||
1,642 | Option-Pricing Method and Probability-Weighted Expected Return Method | Term | 3.00 - 4.00 Years | 3.45 Years | ||||||||||||||||||||||||||||
Discount for Lack of Marketability | 20.00% - 20.00% | |||||||||||||||||||||||||||||||
3,454 | Discounted Expected Return | Discount Rate | 15.00% - 40.00% | 32.81% | ||||||||||||||||||||||||||||
Term | 1.00 - 4.00 Years | 2.11 Years | ||||||||||||||||||||||||||||||
Expected Recovery Rate | 18.75% - 100.00% | 72.63% | ||||||||||||||||||||||||||||||
Equity investments | 27,394 | Black Scholes Option Pricing Model | Revenue Multiples | 1.15x - 6.85x | 3.59x | |||||||||||||||||||||||||||
Volatility | 45.00% - 75.00% | 60.26% | ||||||||||||||||||||||||||||||
Term | 0.50 - 4.00 Years | 2.98 Years | ||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 5.00% | |||||||||||||||||||||||||||||||
Risk Free Rate | 0.06% - 0.64% | 0.23% | ||||||||||||||||||||||||||||||
1,466 | Option-Pricing Method and Probability-Weighted Expected Return Method | Term | 3.00 - 4.00 Years | 3.50 Years | ||||||||||||||||||||||||||||
Discount for Lack of Marketability | 20.00% - 20.00% | |||||||||||||||||||||||||||||||
657 | Discounted Expected Recovery | Expected Recovery Rate | 27.10% - 27.10% | |||||||||||||||||||||||||||||
Total investments | $ | 633,437 |
Level 3 Investments (dollars in thousands) | June 30, 2020 | Level 3 Investments (dollars in thousands) | December 31, 2020 | |||||||||||||||||||||||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | |||||||||||||||||||||||||||||||||||
Debt investments | $ | 636,033 | Discounted Cash Flows | Discount Rate | 7.52% - 33.97% | 15.63% | Debt investments | $ | 546,958 | Discounted Cash Flows | Discount Rate | 6.61% - 35.63% | 15.24% | |||||||||||||||||||||||||||||||
16,500 | Probability-Weighted Expected Return Method | Probability Weighting of Alternative Outcomes | 50.00% - 100.00% | 36,377 | Probability-Weighted Expected Return Method | Probability Weighting of Alternative Outcomes | 50.00% - 50.00% | |||||||||||||||||||||||||||||||||||||
Warrant investments | 19,285 | Black Scholes Option Pricing Model | Revenue Multiples | 0.89x - 86.16x | 8.24x | Warrant investments | 20,071 | Black Scholes Option Pricing Model | Revenue Multiples | 1.15x - 18.21x | 6.38x | |||||||||||||||||||||||||||||||||
Volatility | 40.00% - 85.00% | 60.34% | ||||||||||||||||||||||||||||||||||||||||||
Term | 0.20 - 6.00 Years | 3.19 Years | ||||||||||||||||||||||||||||||||||||||||||
Volatility | 40.00% - 90.00% | 60.39% | Discount for Lack of Marketability | 5.00% - 20.00% | 19.41% | |||||||||||||||||||||||||||||||||||||||
Term | 0.20 - 5.00 Years | 3.11 Years | Risk Free Rate | 0.09% - 0.43% | 0.20% | |||||||||||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 20.00% | 19.41% | 694 | Option-Pricing Method and Probability-Weighted Expected Return Method | Term | 3.00 - 4.00 Years | 3.40 Years | |||||||||||||||||||||||||||||||||||||
Risk Free Rate | 0.16% - 0.44% | 0.22% | Discount for Lack of Marketability | 20.00% - 20.00% | ||||||||||||||||||||||||||||||||||||||||
1,711 | Discounted Expected Return | Discount Rate | 20.00% - 40.00% | 29.53% | 3,466 | Discounted Expected Return | Discount Rate | 20.00% - 40.00% | 34.13% | |||||||||||||||||||||||||||||||||||
Term | 1.90 - 4.00 Years | 2.91 Years | Term | 1.00 - 4.00 Years | 2.11 Years | |||||||||||||||||||||||||||||||||||||||
Expected Recovery Rate | 18.75% - 100.00% | 59.24% | Expected Recovery Rate | 18.75% - 100.00% | 71.02% | |||||||||||||||||||||||||||||||||||||||
Equity investments | 10,930 | Black Scholes Option Pricing Model | Revenue Multiples | 0.89x - 8.07x | 3.30x | Equity investments | 24,178 | Black Scholes Option Pricing Model | Revenue Multiples | 0.89x - 4.50x | 2.56x | |||||||||||||||||||||||||||||||||
Volatility | 45.00% - 85.00% | 59.78% | Volatility | 45.00% - 70.00% | 59.06% | |||||||||||||||||||||||||||||||||||||||
Term | 1.00 - 4.50 Years | 3.07 Years | Term | 1.00 - 4.50 Years | 3.08 Years | |||||||||||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% | 5.00% | Discount for Lack of Marketability | 5.00% - 5.00% | ||||||||||||||||||||||||||||||||||||||||
Risk Free Rate | 0.16% - 0.44% | 0.24% | Risk Free Rate | 0.10% - 0.27% | 0.18% | |||||||||||||||||||||||||||||||||||||||
EBITDA Multiples | 18.81x - 25.08x | 21.94x | 1,158 | Option-Pricing Method and Probability-Weighted Expected Return Method | Term | 3.00 - 4.00 Years | 3.50 Years | |||||||||||||||||||||||||||||||||||||
1,168 | Discounted Expected Recovery | Expected Recovery Rate | 48.18% | 48.18% | Discount for Lack of Marketability | 20.00% - 20.00% | ||||||||||||||||||||||||||||||||||||||
657 | Discounted Expected Recovery | Expected Recovery Rate | 27.10% - 27.10% | |||||||||||||||||||||||||||||||||||||||||
Total investments | $ | 685,627 | Total investments | $ | 633,559 |
Level 3 Investments (dollars in thousands) | December 31, 2019 | |||||||||||
Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | ||||||||
Debt investments | $ | 577,984 | Discounted Cash Flows | Discount Rate | 9.91% - 25.75% | 15.01% | ||||||
26,534 | Probability-Weighted Expected Return Method | Probability Weighting of Alternative Outcomes | 0%-100.00% | |||||||||
Warrant investments | 20,752 | Black Scholes Option Pricing Model | Revenue Multiples | 1.50x - 94.7x | 7.21x | |||||||
Volatility | 30.0% - 61.7% | 57.86% | ||||||||||
Term | 2.00 - 4.00 Years | 3.00 Years | ||||||||||
Discount for Lack of Marketability | 0.00% - 27.50% | 26.55% | ||||||||||
Risk Free Rate | 1.56% - 1.70% | 1.61% | ||||||||||
27 | Option-Pricing Method and Probability-Weighted Expected Return Method | Weighted Average Cost of Capital | 27.50% | 27.50% | ||||||||
Term | 2.00 - 3.50 Years | 3.21 Years | ||||||||||
1,311 | Discounted Expected Return | Discount Rate | 18.00% - 35.00% | 30.94% | ||||||||
Term | 2.40 - 4.00 Years | 2.69 Years | ||||||||||
Expected Recovery Rate | 50.00% - 80.00% | 65.91% | ||||||||||
Equity investments | 9,340 | Black Scholes Option Pricing Model | Revenue Multiples | 0.85x - 10.25x | 4.13x | |||||||
Volatility | 30.00% - 80.00% | 58.30% | ||||||||||
Term | 1.50 - 4.00 Years | 3.03 Years | ||||||||||
Discount for Lack of Marketability | 0.00% - 5.00% | 5.00% | ||||||||||
Risk Free Rate | 1.40% - 1.70% | 1.62% | ||||||||||
592 | Option-Pricing Method and Probability-Weighted Expected Return Method | Weighted Average Cost of Capital | 27.50% - 32.50% | 30.37% | ||||||||
Term | 3.50 Years | 3.50 Years | ||||||||||
1,236 | Discounted Expected Recovery | Expected Recovery Rate | 50.98% | 50.98% | ||||||||
Total investments | $ | 637,776 |
Liability (in thousands) | March 31, 2021 | December 31, 2020 | ||||||||||||||||||||||||||||||||||||
Total Commitment | Balance Outstanding | Unused Commitment | Total Commitment | Balance Outstanding | Unused Commitment | |||||||||||||||||||||||||||||||||
Revolving Credit Facility | $ | 350,000 | $ | — | $ | 350,000 | $ | 325,000 | $ | 118,000 | $ | 207,000 | ||||||||||||||||||||||||||
2022 Notes | 74,750 | 74,750 | — | 74,750 | 74,750 | — | ||||||||||||||||||||||||||||||||
2025 Notes | 70,000 | 70,000 | — | 70,000 | 70,000 | — | ||||||||||||||||||||||||||||||||
2026 Notes | 200,000 | 200,000 | — | — | — | — | ||||||||||||||||||||||||||||||||
Total before deferred financing and issuance costs | 694,750 | 344,750 | 350,000 | 469,750 | 262,750 | 207,000 | ||||||||||||||||||||||||||||||||
Unamortized deferred financing and issuance costs | — | (6,445) | — | — | (4,790) | — | ||||||||||||||||||||||||||||||||
Total borrowings outstanding, net of deferred financing and issuance costs | $ | 694,750 | $ | 338,305 | $ | 350,000 | $ | 469,750 | $ | 257,960 | $ | 207,000 |
Liability (in thousands) | June 30, 2020 | December 31, 2019 | ||||||||||||||||||||||
Total Commitment | Balance Outstanding | Unused Commitment | Total Commitment | Balance Outstanding | Unused Commitment | |||||||||||||||||||
Revolving Credit Facility | $ | 300,000 | $ | 158,000 | $ | 142,000 | $ | 300,000 | $ | 262,300 | $ | 37,700 | ||||||||||||
2022 Notes | 74,750 | 74,750 | — | 74,750 | 74,750 | — | ||||||||||||||||||
2025 Notes | 70,000 | 70,000 | — | — | — | — | ||||||||||||||||||
Total before deferred financing and issuance costs | 444,750 | 302,750 | 142,000 | 374,750 | 337,050 | 37,700 | ||||||||||||||||||
Unamortized deferred financing and issuance costs | — | (3,029 | ) | — | — | (2,899 | ) | — | ||||||||||||||||
Total borrowings outstanding, net of deferred financing and issuance costs | $ | 444,750 | $ | 299,721 | $ | 142,000 | $ | 374,750 | $ | 334,151 | $ | 37,700 |
Interest Expense and Amortization of Fees (in thousands) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | Interest Expense and Amortization of Fees (in thousands) | For the Three Months Ended March 31, | ||||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | 2021 | 2020 | |||||||||||||||||||||||||
Revolving Credit Facility | Revolving Credit Facility | |||||||||||||||||||||||||||||
Interest cost | $ | 1,828 | $ | 1,364 | $ | 4,252 | $ | 1,852 | Interest cost | $ | 577 | $ | 2,424 | |||||||||||||||||
Unused fee | 107 | 162 | 208 | 381 | Unused fee | 340 | 101 | |||||||||||||||||||||||
Amortization of costs and other fees | 332 | 275 | 648 | 564 | Amortization of costs and other fees | 603 | 316 | |||||||||||||||||||||||
Revolving Credit Facility Total | $ | 2,267 | $ | 1,801 | $ | 5,108 | $ | 2,797 | Revolving Credit Facility Total | $ | 1,520 | $ | 2,841 | |||||||||||||||||
2022 Notes | 2022 Notes | |||||||||||||||||||||||||||||
Interest cost | $ | 1,075 | $ | 1,075 | $ | 2,149 | $ | 2,150 | Interest cost | $ | 1,075 | $ | 1,075 | |||||||||||||||||
Amortization of costs and other fees | 133 | 134 | 265 | 266 | Amortization of costs and other fees | 133 | 132 | |||||||||||||||||||||||
2022 Notes Total | $ | 1,208 | $ | 1,209 | $ | 2,414 | $ | 2,416 | 2022 Notes Total | $ | 1,208 | $ | 1,207 | |||||||||||||||||
2025 Notes | 2025 Notes | |||||||||||||||||||||||||||||
Interest cost | $ | 787 | $ | — | $ | 902 | $ | — | Interest cost | $ | 787 | $ | 114 | |||||||||||||||||
Amortization of costs and other fees | 50 | — | 50 | — | Amortization of costs and other fees | 50 | — | |||||||||||||||||||||||
2025 Notes Total | $ | 837 | $ | — | $ | 952 | $ | — | 2025 Notes Total | $ | 837 | $ | 114 | |||||||||||||||||
2026 Notes | 2026 Notes | |||||||||||||||||||||||||||||
Interest cost | Interest cost | $ | 750 | $ | — | |||||||||||||||||||||||||
Amortization of costs and other fees | Amortization of costs and other fees | 36 | — | |||||||||||||||||||||||||||
2026 Notes Total | 2026 Notes Total | $ | 786 | $ | — | |||||||||||||||||||||||||
Total interest expense and amortization of fees | $ | 4,312 | $ | 3,010 | $ | 8,474 | $ | 5,213 | Total interest expense and amortization of fees | $ | 4,351 | $ | 4,162 |
Liability (in thousands) | June 30, 2020 | December 31, 2019 | Liability (in thousands) | March 31, 2021 | December 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility | $ | — | $ | — | $ | 158,000 | $ | 158,000 | $ | — | $ | — | $ | 262,300 | $ | 262,300 | Revolving Credit Facility | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 118,000 | $ | 118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
2022 Notes, net(1) | — | 73,709 | — | 73,709 | — | 73,454 | — | 73,454 | 2022 Notes, net(1) | — | 74,992 | — | 74,992 | — | 74,592 | — | 74,592 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 Notes, net(2) | — | — | 69,047 | 69,047 | — | — | — | — | 2025 Notes, net(2) | — | — | 69,198 | 69,198 | — | — | 69,148 | 69,148 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2026 Notes, net(3) | 2026 Notes, net(3) | — | — | 197,901 | 197,901 | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | — | $ | 73,709 | $ | 227,047 | $ | 300,756 | $ | — | $ | 73,454 | $ | 262,300 | $ | 335,754 | Total | $ | — | $ | 74,992 | $ | 267,099 | $ | 342,091 | $ | — | $ | 74,592 | $ | 187,148 | $ | 261,740 |
(1)Net of debt issuance costs as of March 31, 2021 and |
June 30, 2020 | December 31, 2019 | |||||||||||||||
Unfunded Commitments(1) (in thousands) | Unfunded Commitments | Fair Value of Unfunded Commitment Liability | Unfunded Commitments | Fair Value of Unfunded Commitment Liability | ||||||||||||
BlueVine Capital, Inc. | $ | 30,000 | $ | — | $ | 30,000 | $ | — | ||||||||
Capsule Corp. | 30,000 | 404 | 10,000 | 179 | ||||||||||||
Cohesity, Inc. | 30,000 | 142 | — | — | ||||||||||||
Hims, Inc. | 25,000 | 198 | 25,000 | 198 | ||||||||||||
Freshly Inc. | 15,000 | — | 18,000 | 168 | ||||||||||||
OfferUp Inc. | 10,000 | 192 | 20,000 | 192 | ||||||||||||
Transfix, Inc. | 10,000 | 194 | 10,000 | 194 | ||||||||||||
Curology, Inc. | 9,000 | 44 | 15,000 | 35 | ||||||||||||
Grove Collaborative, Inc. | 5,333 | 81 | 21,750 | 407 | ||||||||||||
Pencil and Pixel, Inc. | 5,000 | — | — | — | ||||||||||||
Signifyd, Inc. | 4,000 | 93 | 10,000 | 182 | ||||||||||||
Farmer's Business Network, Inc. | 3,034 | 18 | — | — | ||||||||||||
Sonder USA, Inc. | 3,000 | 25 | 8,333 | 98 | ||||||||||||
Mind Candy Limited | 1,000 | — | — | — | ||||||||||||
Envoy, Inc. | — | 105 | — | — | ||||||||||||
Outfittery GMBH | — | 58 | — | — | ||||||||||||
Toast, Inc. | — | — | 35,000 | 115 | ||||||||||||
Moda Operandi, Inc. | — | — | 10,000 | 200 | ||||||||||||
Nurx Inc. | — | — | 5,000 | — | ||||||||||||
OneSource Virtual, Inc. | — | — | 5,000 | — | ||||||||||||
Brooklinen, Inc. | — | — | 3,000 | 174 | ||||||||||||
GoEuro Corp. | — | — | — | 35 | ||||||||||||
Total | $ | 180,367 | $ | 1,554 | $ | 226,083 | $ | 2,177 |
March 31, 2021 | December 31, 2020 | |||||||||||||||||||||||||
Unfunded Commitments(1) (in thousands) | Unfunded Commitments | Fair Value of Unfunded Commitment Liability | Unfunded Commitments | Fair Value of Unfunded Commitment Liability | ||||||||||||||||||||||
Tempo Interactive Inc. | $ | 25,000 | $ | 237 | $ | — | $ | — | ||||||||||||||||||
Farmer's Business Network, Inc. | 20,000 | 18 | 20,000 | 18 | ||||||||||||||||||||||
HomeLight, Inc. | 14,000 | 146 | 14,000 | 84 | ||||||||||||||||||||||
DialPad, Inc. | 12,000 | 152 | 5,000 | 101 | ||||||||||||||||||||||
Savage X, Inc. | 11,500 | 574 | 4,000 | 200 | ||||||||||||||||||||||
Grove Collaborative, Inc. | 11,000 | — | 11,000 | — | ||||||||||||||||||||||
OfferUp Inc. | 10,000 | 192 | 10,000 | 192 | ||||||||||||||||||||||
Grey Orange International Inc. | 10,000 | 132 | — | — | ||||||||||||||||||||||
Activehours, Inc. | 9,000 | 64 | 9,000 | 64 | ||||||||||||||||||||||
Curology, Inc. | 9,000 | 44 | 9,000 | 44 | ||||||||||||||||||||||
Narvar, Inc. | 7,500 | 140 | 3,750 | 140 | ||||||||||||||||||||||
TFG Holding, Inc. | 7,000 | 319 | 7,000 | 248 | ||||||||||||||||||||||
VanMoof Global Holding B.V. | 6,282 | 186 | — | — | ||||||||||||||||||||||
Imperfect Foods, Inc. | 6,000 | 55 | 6,000 | 55 | ||||||||||||||||||||||
Sonder USA, Inc. | 3,000 | 25 | 3,000 | 25 | ||||||||||||||||||||||
Clutter Inc. | 3,000 | — | 9,000 | 60 | ||||||||||||||||||||||
Hello Digit, Inc. | 2,500 | 18 | 2,500 | 18 | ||||||||||||||||||||||
Envoy, Inc. | 2,000 | 53 | 4,000 | 105 | ||||||||||||||||||||||
Minted, Inc. | — | 25 | — | 25 | ||||||||||||||||||||||
Capsule Corporation | — | — | 15,000 | 277 | ||||||||||||||||||||||
Total | $ | 168,782 | $ | 2,380 | $ | 132,250 | $ | 1,656 |
Commitments Activity (in thousands) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | Commitments Activity (in thousands) | For the Three Months Ended March 31, | ||||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | 2021 | 2020 | |||||||||||||||||||||||||
Activity during the period: | ||||||||||||||||||||||||||||||
Unfunded commitments at beginning of period(1) | Unfunded commitments at beginning of period(1) | $ | 153,000 | $ | 241,583 | |||||||||||||||||||||||||
New commitments(1) | $ | 13,915 | $ | 98,364 | $ | 116,488 | $ | 289,324 | New commitments(1) | 90,398 | 102,573 | |||||||||||||||||||
Fundings | (20,507 | ) | (72,539 | ) | (99,267 | ) | (162,056 | ) | Fundings | (56,908) | (78,761) | |||||||||||||||||||
Expirations / Terminations | (14,000 | ) | (50,000 | ) | (69,333 | ) | (91,000 | ) | Expirations / Terminations | (15,000) | (55,333) | |||||||||||||||||||
Foreign currency adjustments | (1 | ) | — | 19 | — | Foreign currency adjustments | (208) | 21 | ||||||||||||||||||||||
Unfunded commitments at beginning of period(2) | $ | 208,983 | $ | 379,749 | $ | 226,083 | $ | 294,306 | ||||||||||||||||||||||
Unfunded commitments and backlog of potential future commitments at end of period | Unfunded commitments and backlog of potential future commitments at end of period | $ | 171,282 | $ | 210,083 | |||||||||||||||||||||||||
Backlog of potential future commitments | Backlog of potential future commitments | 2,500 | 1,100 | |||||||||||||||||||||||||||
Unfunded commitments at end of period | $ | 180,367 | $ | 350,074 | $ | 180,367 | $ | 350,074 | $ | 168,782 | $ | 208,983 | ||||||||||||||||||
Backlog of potential future commitments | $ | 9,123 | $ | 5,500 | $ | 9,123 | $ | 5,500 |
Unfunded Commitments(1) (in thousands) | June 30, 2020 | December 31, 2019 | Unfunded Commitments(1) (in thousands) | March 31, 2021 | December 31, 2020 | |||||||||||||||||
Dependent on milestones | $ | 33,333 | $ | 59,333 | Dependent on milestones | $ | 35,250 | $ | 17,500 | |||||||||||||
Expiring during: | Expiring during: | |||||||||||||||||||||
2020 | $ | 151,333 | $ | 188,083 | ||||||||||||||||||
2021 | 29,034 | 38,000 | 2021 | $ | 121,750 | $ | 122,250 | |||||||||||||||
Unfunded Commitments | $ | 180,367 | $ | 226,083 | ||||||||||||||||||
2022 | 2022 | 44,032 | 7,000 | |||||||||||||||||||
2024 | 2024 | 3,000 | 3,000 | |||||||||||||||||||
Unfunded commitments | Unfunded commitments | $ | 168,782 | $ | 132,250 |
Financial Highlights (in thousands, except per share data) | For the Six Months Ended June 30, or as of June 30, | Financial Highlights (in thousands, except per share data) | For the Three Months Ended March 31, or as of March 31, | |||||||||||||||||||
2020 | 2019 | 2021 | 2020 | |||||||||||||||||||
Per Share Data(1) | ||||||||||||||||||||||
Per Share Data(1)(2) | Per Share Data(1)(2) | |||||||||||||||||||||
Net asset value at beginning of period | $ | 13.34 | $ | 13.50 | Net asset value at beginning of period | $ | 12.97 | $ | 13.34 | |||||||||||||
Changes in net asset value due to: | Changes in net asset value due to: | |||||||||||||||||||||
Net investment income | 0.78 | 0.81 | Net investment income | 0.29 | 0.41 | |||||||||||||||||
Net realized gains (losses) on investments | 0.02 | — | Net realized gains (losses) on investments | (0.51) | (0.01) | |||||||||||||||||
Net change in unrealized gains (losses) on investments | (0.27 | ) | 0.60 | Net change in unrealized gains (losses) on investments | 0.60 | (0.57) | ||||||||||||||||
Net increase (decrease) from capital share transactions(1) | 0.02 | — | ||||||||||||||||||||
Distributions from net investment income | (0.72 | ) | (0.72 | ) | ||||||||||||||||||
Net increase (decrease) from capital share transactions(2) | Net increase (decrease) from capital share transactions(2) | — | 0.04 | |||||||||||||||||||
Distributions from distributable earnings | Distributions from distributable earnings | (0.36) | (0.36) | |||||||||||||||||||
Net asset value at end of period | $ | 13.17 | $ | 14.19 | Net asset value at end of period | $ | 13.00 | $ | 12.85 | |||||||||||||
Net investment income per share | $ | 0.78 | $ | 0.81 | Net investment income per share | $ | 0.29 | $ | 0.41 | |||||||||||||
Net increase (decrease) in net assets resulting from operations per share | $ | 0.53 | $ | 1.41 | ||||||||||||||||||
Net increase in net assets resulting from operations per share | Net increase in net assets resulting from operations per share | $ | 0.38 | $ | (0.17) | |||||||||||||||||
Weighted average shares of common stock outstanding for period | 30,315 | 24,805 | Weighted average shares of common stock outstanding for period | 30,881 | 29,883 | |||||||||||||||||
Shares of common stock outstanding at end of period | 30,784 | 24,859 | Shares of common stock outstanding at end of period | 30,917 | 30,746 | |||||||||||||||||
Ratios / Supplemental Data | Ratios / Supplemental Data | |||||||||||||||||||||
Net asset value at beginning of period | $ | 332,506 | $ | 334,531 | Net asset value at beginning of period | $ | 400,435 | $ | 332,506 | |||||||||||||
Net asset value at end of period | $ | 405,523 | $ | 352,652 | Net asset value at end of period | $ | 401,800 | $ | 394,996 | |||||||||||||
Average net asset value | $ | 403,421 | $ | 337,366 | Average net asset value | $ | 402,043 | $ | 404,355 | |||||||||||||
Stock price at end of period | $ | 10.28 | $ | 14.23 | Stock price at end of period | $ | 14.45 | $ | 5.74 | |||||||||||||
Total return based on net asset value per share(2) | 8.9 | % | 10.9 | % | ||||||||||||||||||
Total return based on stock price(3) | (20.3 | )% | 37.9 | % | ||||||||||||||||||
Total return based on net asset value per share(3) | Total return based on net asset value per share(3) | 3.6 | % | 2.4 | % | |||||||||||||||||
Total return based on stock price(4) | Total return based on stock price(4) | 14.6 | % | (57.1) | % | |||||||||||||||||
Net investment income to average net asset value(4) | 11.9 | % | 12.0 | % | ||||||||||||||||||
Net increase (decrease) in net assets to average net asset value(4) | 8.0 | % | 20.9 | % | ||||||||||||||||||
Ratio of expenses to average net asset value(4) | 10.4 | % | 9.8 | % | ||||||||||||||||||
Operating expenses excluding incentive fees to average net asset value(4) | 9.0 | % | 6.8 | % | ||||||||||||||||||
Income incentive fees to average net asset value(4) | 1.4 | % | 3.0 | % | ||||||||||||||||||
Capital gains incentive fees to average net asset value(4) | 0.0 | % | 0.0 | % | ||||||||||||||||||
Net investment income to average net asset value(5) | Net investment income to average net asset value(5) | 9.0 | % | 12.2 | % | |||||||||||||||||
Net increase (decrease) in net assets to average net asset value(5) | Net increase (decrease) in net assets to average net asset value(5) | 12.0 | % | (5.1) | % | |||||||||||||||||
Ratio of expenses to average net asset value(5) | Ratio of expenses to average net asset value(5) | 11.2 | % | 8.6 | % | |||||||||||||||||
Operating expenses excluding incentive fees to average net asset value(5) | Operating expenses excluding incentive fees to average net asset value(5) | 8.9 | % | 8.6 | % | |||||||||||||||||
Income incentive fees to average net asset value(5) | Income incentive fees to average net asset value(5) | 2.2 | % | — | % | |||||||||||||||||
Capital gains incentive fees to average net asset value(5) | Capital gains incentive fees to average net asset value(5) | 0.0 | % | 0.0 | % |
Ratios (Percentages, on an annualized basis)(1) | For the Three Months Ended March 31, | |||||||||||||
2021 | 2020 | |||||||||||||
Weighted average portfolio yield on total debt investments(2) | 13.3 | % | 12.7 | % | ||||||||||
Coupon income | 9.7 | % | 9.8 | % | ||||||||||
Accretion of discount | 0.9 | % | 1.2 | % | ||||||||||
Accretion of end-of-term payments | 1.3 | % | 1.7 | % | ||||||||||
Impact of prepayments during the period | 1.4 | % | — | % |
Ratios (Percentages, on an annualized basis)(1) | For the Six Months Ended June 30, or as of June 30, | |||||
2020 | 2019 | |||||
Weighted average portfolio yield on total debt investments(2) | 13.2 | % | 16.4 | % | ||
Coupon income | 10.0 | % | 10.6 | % | ||
Accretion of discount | 1.0 | % | 0.9 | % | ||
Accretion of end-of-term payments | 1.7 | % | 2.2 | % | ||
Impact of prepayments during the period | 0.5 | % | 2.7 | % | ||
Prime Rate at end of period(3) | 3.25 | % | 5.50 | % |
Basic and Diluted Share Information (in thousands, except per share data) | For the Three Months Ended March 31, | |||||||||||||
2021 | 2020 | |||||||||||||
Net investment income | $ | 8,907 | $ | 12,237 | ||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 11,859 | $ | (5,118) | ||||||||||
Basic and diluted weighted average shares of common stock outstanding | 30,881 | 29,883 | ||||||||||||
Basic and diluted net investment income per share of common stock | $ | 0.29 | $ | 0.41 | ||||||||||
Basic and diluted net increase/(decrease) in net assets resulting from operations per share of common stock | $ | 0.38 | $ | (0.17) |
Basic and Diluted Share Information (in thousands, except per share data) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | ||||||||||||||
2020 | 2019 | 2020 | 2019 | |||||||||||||
Net investment income | $ | 11,536 | $ | 10,123 | $ | 23,773 | $ | 20,038 | ||||||||
Net increase (decrease) in net assets resulting from operations | $ | 21,222 | $ | 23,861 | $ | 16,104 | $ | 34,930 | ||||||||
Basic and diluted weighted average shares of common stock outstanding | 30,747 | 24,827 | 30,315 | 24,805 | ||||||||||||
Basic and diluted net investment income per share of common stock | $ | 0.38 | $ | 0.41 | $ | 0.78 | $ | 0.81 | ||||||||
Basic and diluted net increase (decrease) in net assets resulting from operations per share of common stock | $ | 0.69 | $ | 0.96 | $ | 0.53 | $ | 1.41 |
Issuance of Common Stock for the Three Months Ended March 31, 2021 (in thousands, except per share data) | Date | Number of Shares of Common Stock Issued | Gross Proceeds Raised | Underwriting Sales Load | Offering Expenses | Gross Offering Price | ||||||||||||||||||||||||||||||||
Fourth quarter 2020 special distribution reinvestment | 1/13/2021 | 11 | 142 | — | — | $12.76 per share | ||||||||||||||||||||||||||||||||
First quarter 2021 distribution reinvestment | 3/31/2021 | 35 | 482 | — | — | $13.73 per share | ||||||||||||||||||||||||||||||||
Total issuance | 46 | $ | 624�� | $ | — | $ | — |
Issuance of Common Stock for the Year Ended December 31, 2020 (in thousands, except per share data) | Date | Number of Shares of Common Stock Issued | Gross Proceeds Raised | Underwriting Sales Load | Offering Expenses | Gross Offering Price | ||||||||||||||||||||||||||||||||
Public follow-on | 1/13/2020 | 5,000 | $ | 70,400 | $ | 2,150 | $ | 218 | $14.08 per share | |||||||||||||||||||||||||||||
Public follow-on (over-allotment) | 1/17/2020 | 750 | 10,560 | 323 | 33 | $14.08 per share | ||||||||||||||||||||||||||||||||
First quarter 2020 distribution reinvestment | 3/30/2020 | 73 | 413 | — | — | $5.63 per share | ||||||||||||||||||||||||||||||||
Second quarter 2020 distribution reinvestment | 6/30/2020 | 38 | 373 | — | — | $9.77 per share | ||||||||||||||||||||||||||||||||
Third quarter 2020 distribution reinvestment | 9/15/2020 | 44 | 471 | — | — | $10.87 per share | ||||||||||||||||||||||||||||||||
Fourth quarter 2020 distribution reinvestment | 12/14/2020 | 43 | 506 | — | — | $11.73 per share | ||||||||||||||||||||||||||||||||
Total issuance | 5,948 | $ | 82,723 | $ | 2,473 | $ | 251 |
Issuance of Common Stock for the Six Months Ended June 30, 2020 (in thousands, except per share data) | Date | Number of Shares of Common Stock Issued | Gross Proceeds Raised | Underwriting Sales Load | Offering Expenses | Gross Offering Price | |||||||||||||
Public follow-on | 1/13/2020 | 5,000 | $ | 70,400 | $ | 2,150 | $ | 218 | $14.08 per share | ||||||||||
Public follow-on (over-allotment) | 1/17/2020 | 750 | 10,560 | 323 | 33 | $14.08 per share | |||||||||||||
First quarter 2020 distribution reinvestment | 3/30/2020 | 73 | 413 | — | — | $5.63 per share | |||||||||||||
Second quarter 2020 distribution reinvestment | 6/30/2020 | 38 | 373 | — | — | $9.77 per share | |||||||||||||
Total issuance | 5,861 | $ | 81,746 | $ | 2,473 | $ | 251 |
Issuance of Common Stock for the Year Ended December 31, 2019 (in thousands, except per share data) | Date | Number of Shares of Common Stock Issued | Gross Proceeds Raised | Underwriting Sales Load | Offering Expenses | Gross Offering Price | |||||||||||||
First quarter 2019 distribution reinvestment | 3/29/2019 | 40 | $ | 519 | $ | — | $ | — | $13.07 per share | ||||||||||
Second quarter 2019 distribution reinvestment | 6/14/2019 | 39 | 528 | — | — | $13.40 per share | |||||||||||||
Third quarter 2019 distribution reinvestment | 9/16/2019 | 35 | 555 | — | — | $15.68 per share | |||||||||||||
Fourth quarter 2019 distribution reinvestment | 12/16/2019 | 28 | 382 | — | — | $13.64 per share | |||||||||||||
Total issuance | 142 | $ | 1,984 | $ | — | $ | — |
Period Ended | Date Announced | Record Date | Payment Date | Per Share Amount | Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | |||||||||||||||||||||||||||||||
March 31, 2014 | April 3, 2014 | April 15, 2014 | April 30, 2014 | $ | 0.09 | (1) | March 31, 2014 | April 3, 2014 | April 15, 2014 | April 30, 2014 | $ | 0.09 | (1) | |||||||||||||||||||||||||||
June 30, 2014 | May 13, 2014 | May 30, 2014 | June 17, 2014 | 0.30 | June 30, 2014 | May 13, 2014 | May 30, 2014 | June 17, 2014 | 0.30 | |||||||||||||||||||||||||||||||
September 30, 2014 | August 11, 2014 | August 29, 2014 | September 16, 2014 | 0.32 | September 30, 2014 | August 11, 2014 | August 29, 2014 | September 16, 2014 | 0.32 | |||||||||||||||||||||||||||||||
December 31, 2014 | October 27, 2014 | November 28, 2014 | December 16, 2014 | 0.36 | December 31, 2014 | October 27, 2014 | November 28, 2014 | December 16, 2014 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2014 | December 3, 2014 | December 22, 2014 | December 31, 2014 | 0.15 | (2) | December 31, 2014 | December 3, 2014 | December 22, 2014 | December 31, 2014 | 0.15 | (2) | |||||||||||||||||||||||||||||
March 31, 2015 | March 16, 2015 | March 26, 2015 | April 16, 2015 | 0.36 | March 31, 2015 | March 16, 2015 | March 26, 2015 | April 16, 2015 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2015 | May 6, 2015 | May 29, 2015 | June 16, 2015 | 0.36 | June 30, 2015 | May 6, 2015 | May 29, 2015 | June 16, 2015 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2015 | August 11, 2015 | August 31, 2015 | September 16, 2015 | 0.36 | September 30, 2015 | August 11, 2015 | August 31, 2015 | September 16, 2015 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2015 | November 10, 2015 | November 30, 2015 | December 16, 2015 | 0.36 | December 31, 2015 | November 10, 2015 | November 30, 2015 | December 16, 2015 | 0.36 | |||||||||||||||||||||||||||||||
March 31, 2016 | March 14, 2016 | March 31, 2016 | April 15, 2016 | 0.36 | March 31, 2016 | March 14, 2016 | March 31, 2016 | April 15, 2016 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2016 | May 9, 2016 | May 31, 2016 | June 16, 2016 | 0.36 | June 30, 2016 | May 9, 2016 | May 31, 2016 | June 16, 2016 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2016 | August 8, 2016 | August 31, 2016 | September 16, 2016 | 0.36 | September 30, 2016 | August 8, 2016 | August 31, 2016 | September 16, 2016 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2016 | November 7, 2016 | November 30, 2016 | December 16, 2016 | 0.36 | December 31, 2016 | November 7, 2016 | November 30, 2016 | December 16, 2016 | 0.36 | |||||||||||||||||||||||||||||||
March 31, 2017 | March 13, 2017 | March 31, 2017 | April 17, 2017 | 0.36 | March 31, 2017 | March 13, 2017 | March 31, 2017 | April 17, 2017 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2017 | May 9, 2017 | May 31, 2017 | June 16, 2017 | 0.36 | June 30, 2017 | May 9, 2017 | May 31, 2017 | June 16, 2017 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2017 | August 8, 2017 | August 31, 2017 | September 15, 2017 | 0.36 | September 30, 2017 | August 8, 2017 | August 31, 2017 | September 15, 2017 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2017 | November 6, 2017 | November 17, 2017 | December 1, 2017 | 0.36 | December 31, 2017 | November 6, 2017 | November 17, 2017 | December 1, 2017 | 0.36 | |||||||||||||||||||||||||||||||
March 31, 2018 | March 12, 2018 | March 23, 2018 | April 6, 2018 | 0.36 | March 31, 2018 | March 12, 2018 | March 23, 2018 | April 6, 2018 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2018 | May 2, 2018 | May 31, 2018 | June 15, 2018 | 0.36 | June 30, 2018 | May 2, 2018 | May 31, 2018 | June 15, 2018 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2018 | August 1, 2018 | August 31, 2018 | September 14, 2018 | 0.36 | September 30, 2018 | August 1, 2018 | August 31, 2018 | September 14, 2018 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2018 | October 31, 2018 | November 30, 2018 | December 14, 2018 | 0.36 | December 31, 2018 | October 31, 2018 | November 30, 2018 | December 14, 2018 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2018 | December 6, 2018 | December 20, 2018 | December 28, 2018 | 0.10 | (2) | December 31, 2018 | December 6, 2018 | December 20, 2018 | December 28, 2018 | 0.10 | (2) | |||||||||||||||||||||||||||||
March 31, 2019 | March 1, 2019 | March 20, 2019 | March 29, 2019 | 0.36 | March 31, 2019 | March 1, 2019 | March 20, 2019 | March 29, 2019 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2019 | May 1, 2019 | May 31, 2019 | June 14, 2019 | 0.36 | June 30, 2019 | May 1, 2019 | May 31, 2019 | June 14, 2019 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2019 | July 31, 2019 | August 30, 2019 | September 16, 2019 | 0.36 | September 30, 2019 | July 31, 2019 | August 30, 2019 | September 16, 2019 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2019 | October 30, 2019 | November 29, 2019 | December 16, 2019 | 0.36 | December 31, 2019 | October 30, 2019 | November 29, 2019 | December 16, 2019 | 0.36 | |||||||||||||||||||||||||||||||
March 31, 2020 | February 28, 2020 | March 16, 2020 | March 30, 2020 | 0.36 | March 31, 2020 | February 28, 2020 | March 16, 2020 | March 30, 2020 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2020 | April 30, 2020 | June 16, 2020 | June 30, 2020 | 0.36 | June 30, 2020 | April 30, 2020 | June 16, 2020 | June 30, 2020 | 0.36 | |||||||||||||||||||||||||||||||
Total cash distributions | $ | 9.24 | ||||||||||||||||||||||||||||||||||||||
September 30, 2020 | September 30, 2020 | July 30, 2020 | August 31, 2020 | September 15, 2020 | 0.36 | |||||||||||||||||||||||||||||||||||
December 31, 2020 | December 31, 2020 | October 29, 2020 | November 27, 2020 | December 14, 2020 | 0.36 | |||||||||||||||||||||||||||||||||||
December 31, 2020 | December 31, 2020 | December 21, 2020 | December 31, 2020 | January 13, 2021 | 0.10 | (2) | ||||||||||||||||||||||||||||||||||
March 31, 2021 | March 31, 2021 | February 24, 2021 | March 15, 2021 | March 31, 2021 | 0.36 | |||||||||||||||||||||||||||||||||||
Total cash distributions | $ | 10.42 |
June 30, 2020 | March 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments by Type (dollars in thousands) | Cost | Fair Value | Net Unrealized Gains (losses) | Number of Investments | Number of Companies | Investments by Type (dollars in thousands) | Cost | Fair Value | Net Unrealized Gains (losses) | Number of Investments | Number of Companies | |||||||||||||||||||||||||||||||||||||||||||
Debt investments | $ | 676,950 | $ | 652,533 | $ | (24,417 | ) | 114 | 37 | Debt investments | $ | 590,592 | $ | 574,131 | $ | (16,461) | 84 | 33 | ||||||||||||||||||||||||||||||||||||
Warrant investments | 18,993 | 20,996 | $ | 2,003 | 69 | 61 | Warrant investments | 21,902 | 29,789 | 7,887 | 78 | 67 | ||||||||||||||||||||||||||||||||||||||||||
Equity investments | 12,597 | 19,324 | $ | 6,727 | 23 | 21 | Equity investments | 31,196 | 29,776 | (1,420) | 30 | 27 | ||||||||||||||||||||||||||||||||||||||||||
Total Investments in Portfolio Companies | $ | 708,540 | $ | 692,853 | $ | (15,687 | ) | 206 | 69 | (1) | Total Investments in Portfolio Companies | $ | 643,690 | $ | 633,696 | $ | (9,994) | 192 | 71 | (1) |
December 31, 2019 | |||||||||||||||||||
Investments by Type (dollars in thousands) | Cost | Fair Value | Net Unrealized Gains (losses) | Number of Investments | Number of Companies | ||||||||||||||
Debt investments | $ | 630,724 | $ | 604,518 | $ | (26,206 | ) | 102 | 38 | ||||||||||
Warrant investments | 18,150 | 22,090 | $ | 3,940 | 64 | 58 | |||||||||||||
Equity investments | 11,801 | 26,521 | $ | 14,720 | 21 | 20 | |||||||||||||
Total Investments in Portfolio Companies | $ | 660,675 | $ | 653,129 | $ | (7,546 | ) | 187 | 68 | (1) |
December 31, 2020 | |||||||||||||||||||||||||||||||||||
Investments by Type (dollars in thousands) | Cost | Fair Value | Net Unrealized Gains (losses) | Number of Investments | Number of Companies | ||||||||||||||||||||||||||||||
Debt investments | $ | 613,345 | $ | 583,335 | $ | (30,010) | 94 | 33 | |||||||||||||||||||||||||||
Warrant investments | 20,525 | 24,231 | 3,706 | 75 | 64 | ||||||||||||||||||||||||||||||
Equity investments | 28,553 | 26,213 | (2,340) | 26 | 24 | ||||||||||||||||||||||||||||||
Total Investments in Portfolio Companies | $ | 662,423 | $ | 633,779 | $ | (28,644) | 195 | 69 | (1) |
March 31, 2021 | |||||||||||||||||||||
June 30, 2020 | |||||||||||||||||||||
Investments in Portfolio Companies by Industry (dollars in thousands) | At Fair Value | Percentage of Total Investments | |||||||||||||||||||
Investments in Portfolio Companies by Industry (dollars in thousands) | Investments in Portfolio Companies by Industry (dollars in thousands) | At Fair Value | Percentage of Total Investments | ||||||||||||||||||
Business Applications Software | $ | 89,870 | 13.0 | % | Business Applications Software | $ | 72,342 | 11.4 | % | ||||||||||||
Financial Institution and Services | 50,046 | 7.2 | Financial Institution and Services | 58,155 | 9.2 | ||||||||||||||||
E-Commerce - Clothing and Accessories | 41,491 | 6.0 | E-Commerce - Clothing and Accessories | 54,417 | 8.6 | ||||||||||||||||
Healthcare Technology Systems | Healthcare Technology Systems | 40,914 | 6.5 | ||||||||||||||||||
Network Systems Management Software | 40,820 | 5.9 | Network Systems Management Software | 40,233 | 6.3 | ||||||||||||||||
Entertainment | Entertainment | 39,996 | 6.3 | ||||||||||||||||||
Consumer Products and Services | Consumer Products and Services | 39,226 | 6.2 | ||||||||||||||||||
Security Services | 35,853 | 5.2 | Security Services | 31,632 | 5.0 | ||||||||||||||||
Consumer Products and Services | 35,828 | 5.2 | |||||||||||||||||||
E-Commerce - Personal Goods | 32,786 | 4.7 | |||||||||||||||||||
Entertainment | 30,328 | 4.4 | |||||||||||||||||||
Household & Office Goods | 30,228 | 4.4 | Household & Office Goods | 30,679 | 4.8 | ||||||||||||||||
Social/Platform Software | 30,069 | 4.3 | Social/Platform Software | 30,656 | 4.8 | ||||||||||||||||
Travel & Leisure | Travel & Leisure | 30,299 | 4.8 | ||||||||||||||||||
Other Financial Services | Other Financial Services | 26,167 | 4.1 | ||||||||||||||||||
Shopping Facilitators | Shopping Facilitators | 24,897 | 3.9 | ||||||||||||||||||
Real Estate Services | 30,024 | 4.3 | Real Estate Services | 22,498 | 3.6 | ||||||||||||||||
Travel & Leisure | 29,853 | 4.3 | |||||||||||||||||||
Consumer Non-Durables | Consumer Non-Durables | 22,208 | 3.5 | ||||||||||||||||||
Food & Drug | Food & Drug | 16,885 | 2.7 | ||||||||||||||||||
Multimedia and Design Software | Multimedia and Design Software | 15,292 | 2.4 | ||||||||||||||||||
E-Commerce - Personal Goods | E-Commerce - Personal Goods | 14,554 | 2.3 | ||||||||||||||||||
Commercial Services | Commercial Services | 10,230 | 1.6 | ||||||||||||||||||
Consumer Finance | Consumer Finance | 6,182 | 1.0 | ||||||||||||||||||
Consumer Retail | Consumer Retail | 2,157 | 0.3 | ||||||||||||||||||
Communications Software | Communications Software | 2,000 | 0.3 | ||||||||||||||||||
General Media and Content | General Media and Content | 1,092 | 0.2 | ||||||||||||||||||
Educational/Training Software | Educational/Training Software | 441 | 0.1 | ||||||||||||||||||
Business to Business Marketplace | 29,548 | 4.3 | Business to Business Marketplace | 236 | * | ||||||||||||||||
Buildings and Property | 29,530 | 4.3 | |||||||||||||||||||
Shopping Facilitators | 25,743 | 3.7 | |||||||||||||||||||
Healthcare Technology Systems | 22,077 | 3.2 | |||||||||||||||||||
Other Financial Services | 19,832 | 2.9 | |||||||||||||||||||
Food & Drug | 16,138 | 2.3 | |||||||||||||||||||
Database Software | 14,764 | 2.1 | |||||||||||||||||||
Consumer Retail | 11,401 | 1.6 | |||||||||||||||||||
Consumer Non-Durables | 10,652 | 1.5 | |||||||||||||||||||
Commercial Services | 10,086 | 1.5 | |||||||||||||||||||
Human Resources/Recruitment | 9,944 | 1.4 | |||||||||||||||||||
Multimedia and Design Software | 9,812 | 1.4 | |||||||||||||||||||
Communications Software | 2,000 | 0.3 | |||||||||||||||||||
Restaurant / Food Service | 1,500 | 0.2 | |||||||||||||||||||
General Media and Content | 1,160 | 0.2 | |||||||||||||||||||
Conferencing Equipment / Services | Conferencing Equipment / Services | 205 | * | ||||||||||||||||||
Transportation | Transportation | 55 | * | ||||||||||||||||||
Building Materials/Construction Machinery | 591 | 0.1 | Building Materials/Construction Machinery | 35 | * | ||||||||||||||||
Educational/Training Software | 441 | 0.1 | |||||||||||||||||||
Transportation | 221 | * | |||||||||||||||||||
Conferencing Equipment / Services | 205 | * | |||||||||||||||||||
Advertising / Marketing | 12 | * | Advertising / Marketing | 13 | * | ||||||||||||||||
Medical Software and Information Services | — | — | % | Medical Software and Information Services | — | * | |||||||||||||||
Total portfolio company investments | $ | 692,853 | 100.0 | % | Total portfolio company investments | $ | 633,696 | 100.0 | % |
December 31, 2020 | |||||||||||||||||||||
December 31, 2019 | |||||||||||||||||||||
Investments in Portfolio Companies by Industry (dollars in thousands) | At Fair Value | Percentage of Total Investments | |||||||||||||||||||
Investments in Portfolio Companies by Industry (dollars in thousands) | Investments in Portfolio Companies by Industry (dollars in thousands) | At Fair Value | Percentage of Total Investments | ||||||||||||||||||
Business Applications Software | $ | 74,937 | 11.5 | % | Business Applications Software | $ | 74,623 | 11.8 | % | ||||||||||||
E-Commerce - Clothing and Accessories | E-Commerce - Clothing and Accessories | 54,678 | 8.6 | ||||||||||||||||||
Healthcare Technology Systems | Healthcare Technology Systems | 42,120 | 6.6 | ||||||||||||||||||
Consumer Products and Services | 50,664 | 7.8 | Consumer Products and Services | 40,730 | 6.4 | ||||||||||||||||
Network Systems Management Software | Network Systems Management Software | 39,859 | 6.3 | ||||||||||||||||||
Financial Institution and Services | 47,042 | 7.2 | Financial Institution and Services | 39,037 | 6.2 | ||||||||||||||||
Entertainment | Entertainment | 38,636 | 6.1 | ||||||||||||||||||
Consumer Non-Durables | Consumer Non-Durables | 33,384 | 5.3 | ||||||||||||||||||
Security Services | 45,252 | 6.9 | Security Services | 30,459 | 4.8 | ||||||||||||||||
E-Commerce - Clothing and Accessories | 42,539 | 6.5 | |||||||||||||||||||
Business to Business Marketplace | 38,504 | 5.9 | |||||||||||||||||||
Entertainment | 34,346 | 5.3 | |||||||||||||||||||
Network Systems Management Software | 34,188 | 5.2 | |||||||||||||||||||
Household & Office Goods | 32,298 | 4.9 | Household & Office Goods | 30,447 | 4.8 | ||||||||||||||||
Buildings and Property | 30,459 | 4.7 | |||||||||||||||||||
Social / Platform Software | 30,248 | 4.6 | |||||||||||||||||||
Real Estate Services | 23,076 | 3.5 | |||||||||||||||||||
Healthcare Technology Systems | 21,410 | 3.3 | |||||||||||||||||||
Other Financial Services | 20,344 | 3.1 | |||||||||||||||||||
Social/Platform Software | Social/Platform Software | 30,412 | 4.8 | ||||||||||||||||||
Travel & Leisure | 20,311 | 3.1 | Travel & Leisure | 30,028 | 4.7 | ||||||||||||||||
Shopping Facilitators | 15,745 | 2.4 | Shopping Facilitators | 24,833 | 3.9 | ||||||||||||||||
Real Estate Services | Real Estate Services | 23,887 | 3.8 | ||||||||||||||||||
Other Financial Services | Other Financial Services | 19,198 | 3.0 | ||||||||||||||||||
Food & Drug | Food & Drug | 15,720 | 2.5 | ||||||||||||||||||
Multimedia and Design Software | Multimedia and Design Software | 15,082 | 2.4 | ||||||||||||||||||
Buildings and Property | Buildings and Property | 15,000 | 2.4 | ||||||||||||||||||
E-Commerce - Personal Goods | 15,300 | 2.3 | E-Commerce - Personal Goods | 13,892 | 2.2 | ||||||||||||||||
Database Software | 14,891 | 2.3 | |||||||||||||||||||
Food & Drug | 12,687 | 1.9 | |||||||||||||||||||
Consumer Non-Durables | 10,626 | 1.6 | |||||||||||||||||||
Commercial Services | Commercial Services | 10,181 | 1.6 | ||||||||||||||||||
Consumer Finance | Consumer Finance | 6,150 | 1.0 | ||||||||||||||||||
Communications Software | Communications Software | 2,000 | 0.3 | ||||||||||||||||||
Consumer Retail | 10,158 | 1.6 | Consumer Retail | 1,346 | 0.2 | ||||||||||||||||
Commercial Services | 9,998 | 1.5 | |||||||||||||||||||
Human Resources/Recruitment | 9,975 | 1.5 | |||||||||||||||||||
Communications Software | 2,000 | 0.3 | |||||||||||||||||||
Biofuels / Biomass | 1,797 | 0.3 | |||||||||||||||||||
Restaurant / Food Service | 1,593 | 0.2 | |||||||||||||||||||
General Media and Content | 1,073 | 0.2 | General Media and Content | 1,092 | 0.2 | ||||||||||||||||
Building Materials / Construction Machinery | 500 | 0.1 | |||||||||||||||||||
Educational / Training Software | 434 | 0.1 | |||||||||||||||||||
Educational/Training Software | Educational/Training Software | 441 | 0.1 | ||||||||||||||||||
Conferencing Equipment / Services | 205 | * | Conferencing Equipment / Services | 205 | * | ||||||||||||||||
Business to Business Marketplace | Business to Business Marketplace | 200 | * | ||||||||||||||||||
Building Materials/Construction Machinery | Building Materials/Construction Machinery | 71 | * | ||||||||||||||||||
Transportation | 193 | * | Transportation | 55 | * | ||||||||||||||||
Wireless Communications Equipment | 188 | * | |||||||||||||||||||
Advertising / Marketing | 148 | * | Advertising / Marketing | 13 | * | ||||||||||||||||
Medical Software and Information Services | — | — | Medical Software and Information Services | — | — | ||||||||||||||||
Total portfolio company investments | $ | 653,129 | 100.0 | % | Total portfolio company investments | $ | 633,779 | 100.0 | % |
March 31, 2021 | December 31, 2020 | |||||||||||||||||||||||||
Debt Investments By Financing Product (dollars in thousands) | Fair Value | Percentage of Total Debt Investments | Fair Value | Percentage of Total Debt Investments | ||||||||||||||||||||||
Growth capital loans | $ | 565,307 | 98.4 | % | $ | 574,414 | 98.4 | % | ||||||||||||||||||
Revolver loans | 8,529 | 1.5 | 8,627 | 1.5 | ||||||||||||||||||||||
Convertible notes | 295 | 0.1 | 294 | 0.1 | ||||||||||||||||||||||
Total debt investments | $ | 574,131 | 100.0 | % | $ | 583,335 | 100.0 | % |
June 30, 2020 | December 31, 2019 | |||||||||||||
Debt Investments By Financing Product (dollars in thousands) | Fair Value | Percentage of Total Debt Investments | Fair Value | Percentage of Total Debt Investments | ||||||||||
Growth capital loans | $ | 645,955 | 99.0 | % | $ | 599,030 | 99.1 | % | ||||||
Revolver loans | 6,578 | 1.0 | 5,488 | 0.9 | ||||||||||
Total debt investments | $ | 652,533 | 100.0 | % | $ | 604,518 | 100.0 | % |
For the Three Months Ended June 30, | For the Six Months Ended June 30, | For the Three Months Ended March 31, | ||||||||||||||||||||||||||||
(in thousands) | 2020 | 2019 | 2020 | 2019 | (in thousands) | 2021 | 2020 | |||||||||||||||||||||||
Beginning portfolio at fair value | $ | 713,155 | $ | 457,695 | $ | 653,129 | $ | 433,417 | Beginning portfolio at fair value | $ | 633,779 | $ | 653,129 | |||||||||||||||||
New debt investments, net(1) | 20,126 | 71,082 | 97,151 | 158,721 | New debt investments, net(1) | 55,642 | 77,025 | |||||||||||||||||||||||
Scheduled principal amortization | (12,134 | ) | (8,367 | ) | (17,947 | ) | (21,327 | ) | Scheduled principal amortization | (15,069) | (5,813) | |||||||||||||||||||
Principal prepayments and early repayments | (25,105 | ) | (42,551 | ) | (26,105 | ) | (100,104 | ) | Principal prepayments and early repayments | (35,966) | (1,000) | |||||||||||||||||||
Accretion of debt investment fees | 4,266 | 1,741 | 8,048 | 4,976 | Accretion of debt investment fees | 1,119 | 3,782 | |||||||||||||||||||||||
Payment-in-kind coupon | 2,764 | 291 | 3,616 | 1,062 | Payment-in-kind coupon | 1,981 | 852 | |||||||||||||||||||||||
New warrant investments | 153 | 710 | 1,227 | 2,524 | New warrant investments | 1,621 | 1,074 | |||||||||||||||||||||||
New equity investments | 125 | 1,662 | 1,545 | 2,162 | New equity investments | 2,643 | 1,420 | |||||||||||||||||||||||
Proceeds and dispositions of investments | (20,658 | ) | 20 | (20,658 | ) | (302 | ) | |||||||||||||||||||||||
Net realized gains (losses) | 1,277 | (17 | ) | 988 | (46 | ) | ||||||||||||||||||||||||
Proceeds from dispositions of investments | Proceeds from dispositions of investments | (15,000) | — | |||||||||||||||||||||||||||
Net realized gains (losses) on investments | Net realized gains (losses) on investments | (15,703) | (289) | |||||||||||||||||||||||||||
Net unrealized gains (losses) on investments | 8,884 | 13,755 | (8,141 | ) | 14,938 | Net unrealized gains (losses) on investments | 18,649 | (17,025) | ||||||||||||||||||||||
Ending portfolio at fair value | $ | 692,853 | $ | 496,021 | $ | 692,853 | $ | 496,021 | Ending portfolio at fair value | $ | 633,696 | $ | 713,155 |
Unfunded Commitments(1) (in thousands) | June 30, 2020 | December 31, 2019 | Unfunded Commitments(1) (in thousands) | March 31, 2021 | December 31, 2020 | |||||||||||||||||
Dependent on milestones | $ | 33,333 | $ | 59,333 | Dependent on milestones | $ | 35,250 | $ | 17,500 | |||||||||||||
Expiring during: | Expiring during: | |||||||||||||||||||||
2020 | 151,333 | 188,083 | ||||||||||||||||||||
2021 | 29,034 | 38,000 | 2021 | $ | 121,750 | $ | 122,250 | |||||||||||||||
2022 | 2022 | 44,032 | 7,000 | |||||||||||||||||||
2024 | 2024 | 3,000 | 3,000 | |||||||||||||||||||
Total | $ | 180,367 | $ | 226,083 | Total | $ | 168,782 | $ | 132,250 |
Commitments and Fundings (in thousands) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | Commitments and Fundings (in thousands) | For the Three Months Ended March 31, | ||||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | 2021 | 2020 | |||||||||||||||||||||||||
Debt Commitments | Debt Commitments | |||||||||||||||||||||||||||||
New portfolio companies | $ | 10,000 | $ | 62,000 | $ | 75,000 | $ | 192,000 | New portfolio companies | $ | 57,179 | $ | 65,000 | |||||||||||||||||
Existing portfolio companies | 3,915 | 36,363 | 41,488 | 97,323 | Existing portfolio companies | 33,219 | 37,573 | |||||||||||||||||||||||
Total(1) | $ | 13,915 | $ | 98,363 | $ | 116,488 | $ | 289,323 | Total(1) | $ | 90,398 | $ | 102,573 | |||||||||||||||||
Funded Debt Investments | $ | 20,507 | $ | 72,538 | $ | 99,267 | $ | 162,055 | Funded Debt Investments | $ | 56,908 | $ | 78,761 | |||||||||||||||||
Equity Investments | $ | 125 | $ | 1,662 | $ | 1,545 | $ | 2,162 | Equity Investments | $ | 2,335 | $ | 1,420 | |||||||||||||||||
Non-Binding Term Sheets | $ | 92,890 | $ | 203,638 | $ | 172,421 | $ | 453,661 | Non-Binding Term Sheets | $ | 192,172 | $ | 79,530 |
Category | Category Definition | Action Item | ||||||||||||
Clear (1) | Performing above expectations and/or strong financial or enterprise profile, value or coverage. | Review quarterly. | ||||||||||||
White (2) | Performing at expectations and/or reasonably close to it. Reasonable financial or enterprise profile, value or coverage. Generally, all new loans are initially graded White. | Contact portfolio company | ||||||||||||
Yellow (3) | Performing generally below expectations and/or some proactive concern. Adequate financial or enterprise profile, value or coverage. | Contact portfolio company monthly or more frequently as determined by our Adviser’s Investment Committee; contact venture capital investors. | ||||||||||||
Orange (4) | Needs close attention due to performance materially below expectations, weak financial and/or enterprise profile, concern regarding additional capital or exit equivalent. | Contact portfolio company weekly or more frequently as determined by our Adviser’s Investment Committee; contact venture capital investors regularly; our Adviser forms a workout group to minimize risk of loss. | ||||||||||||
Red (5) | Serious concern/trouble due to pending or actual default or equivalent. May experience partial and/or full loss. | Maximize value from assets. |
June 30, 2020 | December 31, 2019 | March 31, 2021 | December 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit Category (dollars in thousands) | Fair Value | Percentage of Total Debt Investments | Number of Portfolio Companies | Fair Value | Percentage of Total Debt Investments | Number of Portfolio Companies | Credit Category (dollars in thousands) | Fair Value | Percentage of Total Debt Investments | Number of Portfolio Companies | Fair Value | Percentage of Total Debt Investments | Number of Portfolio Companies | |||||||||||||||||||||||||||||||||||||||||||
Clear (1) | $ | 116,596 | 17.9 | % | 7 | $ | 121,866 | 20.2 | % | 8 | Clear (1) | $ | 44,607 | 7.8 | % | 3 | $ | 74,276 | 12.7 | % | 5 | |||||||||||||||||||||||||||||||||||
White (2) | 415,232 | 63.6 | 24 | 425,016 | 70.3 | 23 | White (2) | 442,224 | 77.0 | 27 | 413,193 | 70.8 | 24 | |||||||||||||||||||||||||||||||||||||||||||
Yellow (3) | 104,205 | 16.0 | 4 | 31,103 | 5.1 | 3 | Yellow (3) | 65,342 | 11.4 | 2 | 59,489 | 10.2 | 2 | |||||||||||||||||||||||||||||||||||||||||||
Orange (4) | 15,000 | 2.3 | 1 | 22,956 | 3.8 | 1 | Orange (4) | 21,958 | 3.8 | 1 | 21,377 | 3.7 | 1 | |||||||||||||||||||||||||||||||||||||||||||
Red (5) | 1,500 | 0.2 | 1 | 3,577 | 0.6 | 3 | Red (5) | — | — | — | 15,000 | 2.6 | 1 | |||||||||||||||||||||||||||||||||||||||||||
$ | 652,533 | 100.0 | % | 37 | $ | 604,518 | 100.0 | % | 38 | $ | 574,131 | 100.0 | % | 33 | $ | 583,335 | 100.0 | % | 33 |
Returns on Net Asset Value and Total Assets Portfolio Yield(1) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | ||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | |||||||||||||||||||||||
Ratios (Percentages, on an annualized basis)(1) | Ratios (Percentages, on an annualized basis)(1) | For the Three Months Ended March 31, | ||||||||||||||||||||||||
2021 | 2020 | |||||||||||||||||||||||||
Weighted average annualized portfolio yield on total debt investments(2) | 13.7 | % | 16.5 | % | 13.2 | % | 16.4 | % | Weighted average annualized portfolio yield on total debt investments(2) | 13.3 | % | 12.7 | % | |||||||||||||
Coupon income | 10.1 | % | 10.6 | % | 10.0 | % | 10.6 | % | Coupon income | 9.7 | % | 9.8 | % | |||||||||||||
Accretion of discount | 0.9 | % | 0.8 | % | 1.0 | % | 0.9 | % | Accretion of discount | 0.9 | % | 1.2 | % | |||||||||||||
Accretion of end-of-term payments | 1.7 | % | 2.3 | % | 1.7 | % | 2.2 | % | Accretion of end-of-term payments | 1.3 | % | 1.7 | % | |||||||||||||
Impact of prepayments during the period | 1.0 | % | 2.8 | % | 0.5 | % | 2.7 | % | Impact of prepayments during the period | 1.4 | % | — | % | |||||||||||||
Prime Rate at end of period(3) | 3.25 | % | 5.50 | % | 3.25 | % | 5.50 | % |
Returns on Net Asset Value and Total Assets (dollars in thousands) | For the Three Months Ended June 30, | For the Six Months Ended June 30, | Returns on Net Asset Value and Total Assets (dollars in thousands) | For the Three Months Ended March 31, | ||||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | 2021 | 2020 | |||||||||||||||||||||||||
Net investment income | $ | 11,536 | $ | 10,123 | $ | 23,773 | $ | 20,038 | Net investment income | $ | 8,907 | $ | 12,237 | |||||||||||||||||
Net increase (decrease) in net assets | $ | 21,222 | $ | 23,861 | $ | 16,104 | $ | 34,930 | Net increase (decrease) in net assets | $ | 11,859 | $ | (5,118) | |||||||||||||||||
Average net asset value(1) | $ | 402,488 | $ | 337,318 | $ | 403,421 | $ | 337,366 | Average net asset value(1) | $ | 402,043 | $ | 404,355 | |||||||||||||||||
Average total assets(1) | $ | 766,742 | $ | 525,645 | $ | 745,565 | $ | 497,375 | Average total assets(1) | $ | 695,203 | $ | 724,389 | |||||||||||||||||
Net investment income to average net asset value(2) | 11.5 | % | 12.0 | % | 11.9 | % | 12.0 | % | Net investment income to average net asset value(2) | 9.0 | % | 12.2 | % | |||||||||||||||||
Net increase (decrease) in net assets to average net asset value(2) | 21.2 | % | 28.4 | % | 8.0 | % | 20.9 | % | Net increase (decrease) in net assets to average net asset value(2) | 12.0 | % | (5.1) | % | |||||||||||||||||
Net investment income to average total assets(2) | 6.1 | % | 7.7 | % | 6.4 | % | 8.1 | % | Net investment income to average total assets(2) | 5.2 | % | 6.8 | % | |||||||||||||||||
Net increase (decrease) in net assets to average total assets(2) | 11.1 | % | 18.2 | % | 4.3 | % | 14.2 | % | Net increase (decrease) in net assets to average total assets(2) | 6.9 | % | (2.8) | % |
Payments Due By Period (in thousands) | March 31, 2021 | |||||||||||||||||||||||||||||||
Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years | ||||||||||||||||||||||||||||
Credit Facility | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||
2022 Notes | 74,750 | — | 74,750 | — | — | |||||||||||||||||||||||||||
2025 Notes | 70,000 | — | — | 70,000 | — | |||||||||||||||||||||||||||
2026 Notes | 200,000 | — | — | 200,000 | — | |||||||||||||||||||||||||||
Total | $ | 344,750 | $ | — | $ | 74,750 | $ | 270,000 | $ | — |
Payments Due By Period (in thousands) | June 30, 2020 | |||||||||||||||||||
Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years | ||||||||||||||||
Credit Facility | $ | 158,000 | $ | — | $ | 158,000 | $ | — | $ | — | ||||||||||
2022 Notes | 74,750 | — | 74,750 | — | — | |||||||||||||||
2025 Notes | 70,000 | — | — | 70,000 | — | |||||||||||||||
Total | $ | 302,750 | $ | — | $ | 232,750 | $ | 70,000 | $ | — |
Unfunded Commitments(1) (in thousands) | June 30, 2020 | December 31, 2019 | ||||||
BlueVine Capital, Inc. | $ | 30,000 | $ | 30,000 | ||||
Capsule Corp. | 30,000 | 10,000 | ||||||
Cohesity, Inc. | 30,000 | — | ||||||
Hims, Inc. | 25,000 | 25,000 | ||||||
Freshly Inc. | 15,000 | 18,000 | ||||||
OfferUp Inc. | 10,000 | 20,000 | ||||||
Transfix, Inc. | 10,000 | 10,000 | ||||||
Curology, Inc. | 9,000 | 15,000 | ||||||
Grove Collaborative, Inc. | 5,333 | 21,750 | ||||||
Pencil and Pixel, Inc. | 5,000 | — | ||||||
Signifyd, Inc. | 4,000 | 10,000 | ||||||
Farmer's Business Network, Inc. | 3,034 | — | ||||||
Sonder USA, Inc. | 3,000 | 8,333 | ||||||
Mind Candy Limited | 1,000 | — | ||||||
Toast, Inc. | — | 35,000 | ||||||
Moda Operandi, Inc. | — | 10,000 | ||||||
Nurx Inc. | — | 5,000 | ||||||
OneSource Virtual, Inc. | — | 5,000 | ||||||
Brooklinen, Inc. | — | 3,000 | ||||||
Total | $ | 180,367 | $ | 226,083 |
Unfunded Commitments(1) (in thousands) | March 31, 2021 | December 31, 2020 | ||||||||||||
Tempo Interactive Inc. | $ | 25,000 | $ | — | ||||||||||
Farmer's Business Network, Inc. | 20,000 | 20,000 | ||||||||||||
HomeLight, Inc. | 14,000 | 14,000 | ||||||||||||
DialPad, Inc. | 12,000 | 5,000 | ||||||||||||
Savage X, Inc. | 11,500 | 4,000 | ||||||||||||
Grove Collaborative, Inc. | 11,000 | 11,000 | ||||||||||||
OfferUp Inc. | 10,000 | 10,000 | ||||||||||||
Grey Orange International Inc. | 10,000 | — | ||||||||||||
Activehours, Inc. | 9,000 | 9,000 | ||||||||||||
Curology, Inc. | 9,000 | 9,000 | ||||||||||||
Narvar, Inc. | 7,500 | 3,750 | ||||||||||||
TFG Holding, Inc. | 7,000 | 7,000 | ||||||||||||
VanMoof Global Holding B.V. | 6,282 | — | ||||||||||||
Imperfect Foods, Inc. | 6,000 | 6,000 | ||||||||||||
Sonder USA, Inc. | 3,000 | 3,000 | ||||||||||||
Clutter Inc. | 3,000 | 9,000 | ||||||||||||
Hello Digit, Inc. | 2,500 | 2,500 | ||||||||||||
Envoy, Inc. | 2,000 | 4,000 | ||||||||||||
Capsule Corporation | — | 15,000 | ||||||||||||
Total | $ | 168,782 | $ | 132,250 |
Period Ended | Date Announced | Record Date | Payment Date | Per Share Amount | Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | |||||||||||||||||||||||||||||||
March 31, 2014 | April 3, 2014 | April 15, 2014 | April 30, 2014 | $ | 0.09 | (1) | March 31, 2014 | April 3, 2014 | April 15, 2014 | April 30, 2014 | $ | 0.09 | (1) | |||||||||||||||||||||||||||
June 30, 2014 | May 13, 2014 | May 30, 2014 | June 17, 2014 | 0.30 | June 30, 2014 | May 13, 2014 | May 30, 2014 | June 17, 2014 | 0.30 | |||||||||||||||||||||||||||||||
September 30, 2014 | August 11, 2014 | August 29, 2014 | September 16, 2014 | 0.32 | September 30, 2014 | August 11, 2014 | August 29, 2014 | September 16, 2014 | 0.32 | |||||||||||||||||||||||||||||||
December 31, 2014 | October 27, 2014 | November 28, 2014 | December 16, 2014 | 0.36 | December 31, 2014 | October 27, 2014 | November 28, 2014 | December 16, 2014 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2014 | December 3, 2014 | December 22, 2014 | December 31, 2014 | 0.15 | (2) | December 31, 2014 | December 3, 2014 | December 22, 2014 | December 31, 2014 | 0.15 | (2) | |||||||||||||||||||||||||||||
March 31, 2015 | March 16, 2015 | March 26, 2015 | April 16, 2015 | 0.36 | March 31, 2015 | March 16, 2015 | March 26, 2015 | April 16, 2015 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2015 | May 6, 2015 | May 29, 2015 | June 16, 2015 | 0.36 | June 30, 2015 | May 6, 2015 | May 29, 2015 | June 16, 2015 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2015 | August 11, 2015 | August 31, 2015 | September 16, 2015 | 0.36 | September 30, 2015 | August 11, 2015 | August 31, 2015 | September 16, 2015 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2015 | November 10, 2015 | November 30, 2015 | December 16, 2015 | 0.36 | December 31, 2015 | November 10, 2015 | November 30, 2015 | December 16, 2015 | 0.36 | |||||||||||||||||||||||||||||||
March 31, 2016 | March 14, 2016 | March 31, 2016 | April 15, 2016 | 0.36 | March 31, 2016 | March 14, 2016 | March 31, 2016 | April 15, 2016 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2016 | May 9, 2016 | May 31, 2016 | June 16, 2016 | 0.36 | June 30, 2016 | May 9, 2016 | May 31, 2016 | June 16, 2016 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2016 | August 8, 2016 | August 31, 2016 | September 16, 2016 | 0.36 | September 30, 2016 | August 8, 2016 | August 31, 2016 | September 16, 2016 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2016 | November 7, 2016 | November 30, 2016 | December 16, 2016 | 0.36 | December 31, 2016 | November 7, 2016 | November 30, 2016 | December 16, 2016 | 0.36 | |||||||||||||||||||||||||||||||
March 31, 2017 | March 13, 2017 | March 31, 2017 | April 17, 2017 | 0.36 | March 31, 2017 | March 13, 2017 | March 31, 2017 | April 17, 2017 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2017 | May 9, 2017 | May 31, 2017 | June 16, 2017 | 0.36 | June 30, 2017 | May 9, 2017 | May 31, 2017 | June 16, 2017 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2017 | August 8, 2017 | August 31, 2017 | September 15, 2017 | 0.36 | September 30, 2017 | August 8, 2017 | August 31, 2017 | September 15, 2017 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2017 | November 6, 2017 | November 17, 2017 | December 1, 2017 | 0.36 | December 31, 2017 | November 6, 2017 | November 17, 2017 | December 1, 2017 | 0.36 | |||||||||||||||||||||||||||||||
March 31, 2018 | March 12, 2018 | March 23, 2018 | April 6, 2018 | 0.36 | March 31, 2018 | March 12, 2018 | March 23, 2018 | April 6, 2018 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2018 | May 2, 2018 | May 31, 2018 | June 15, 2018 | 0.36 | June 30, 2018 | May 2, 2018 | May 31, 2018 | June 15, 2018 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2018 | August 1, 2018 | August 31, 2018 | September 14, 2018 | 0.36 | September 30, 2018 | August 1, 2018 | August 31, 2018 | September 14, 2018 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2018 | October 31, 2018 | November 30, 2018 | December 14, 2018 | 0.36 | December 31, 2018 | October 31, 2018 | November 30, 2018 | December 14, 2018 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2018 | December 6, 2018 | December 20, 2018 | December 28, 2018 | 0.10 | (2) | December 31, 2018 | December 6, 2018 | December 20, 2018 | December 28, 2018 | 0.10 | (2) | |||||||||||||||||||||||||||||
March 31, 2019 | March 1, 2019 | March 20, 2019 | March 29, 2019 | 0.36 | March 31, 2019 | March 1, 2019 | March 20, 2019 | March 29, 2019 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2019 | May 1, 2019 | May 31, 2019 | June 14, 2019 | 0.36 | June 30, 2019 | May 1, 2019 | May 31, 2019 | June 14, 2019 | 0.36 | |||||||||||||||||||||||||||||||
September 30, 2019 | July 31, 2019 | August 30, 2019 | September 16, 2019 | 0.36 | September 30, 2019 | July 31, 2019 | August 30, 2019 | September 16, 2019 | 0.36 | |||||||||||||||||||||||||||||||
December 31, 2019 | October 30, 2019 | November 29, 2019 | December 16, 2019 | 0.36 | December 31, 2019 | October 30, 2019 | November 29, 2019 | December 16, 2019 | 0.36 | |||||||||||||||||||||||||||||||
March 31, 2020 | February 28, 2020 | March 16, 2020 | March 30, 2020 | 0.36 | March 31, 2020 | February 28, 2020 | March 16, 2020 | March 30, 2020 | 0.36 | |||||||||||||||||||||||||||||||
June 30, 2020 | April 30, 2020 | June 16, 2020 | June 30, 2020 | 0.36 | June 30, 2020 | April 30, 2020 | June 16, 2020 | June 30, 2020 | 0.36 | |||||||||||||||||||||||||||||||
Total cash distributions | $ | 9.24 | ||||||||||||||||||||||||||||||||||||||
September 30, 2020 | September 30, 2020 | July 30, 2020 | August 31, 2020 | September 15, 2020 | 0.36 | |||||||||||||||||||||||||||||||||||
December 31, 2020 | December 31, 2020 | October 29, 2020 | November 27, 2020 | December 14, 2020 | 0.36 | |||||||||||||||||||||||||||||||||||
December 31, 2020 | December 31, 2020 | December 21, 2020 | December 31, 2020 | January 13, 2021 | 0.10 | (2) | ||||||||||||||||||||||||||||||||||
March 31, 2021 | March 31, 2021 | February 24, 2021 | March 15, 2021 | March 31, 2021 | 0.36 | |||||||||||||||||||||||||||||||||||
Total cash distributions | $ | 10.42 |
Change in Interest Rates (in thousands) | Increase (decrease) in interest income | (Increase) decrease in interest expense | Net increase (decrease) in net investment income | Change in Interest Rates (in thousands) | Increase (decrease) in interest income | (Increase) decrease in interest expense | Net increase (decrease) in net investment income | |||||||||||||||||||||||||
Up 300 basis points | $ | 5,565 | $ | (4,740 | ) | $ | 825 | Up 300 basis points | $ | 4,360 | $ | — | $ | 4,360 | ||||||||||||||||||
Up 200 basis points | $ | 1,196 | $ | (3,160 | ) | $ | (1,964 | ) | Up 200 basis points | $ | 1,674 | $ | — | $ | 1,674 | |||||||||||||||||
Up 100 basis points | $ | 76 | $ | (1,580 | ) | $ | (1,504 | ) | Up 100 basis points | $ | 744 | $ | — | $ | 744 | |||||||||||||||||
Up 50 basis points | $ | 19 | $ | (790 | ) | $ | (771 | ) | Up 50 basis points | $ | 372 | $ | — | $ | 372 | |||||||||||||||||
Down 50 basis points | $ | — | $ | 292 | $ | 292 | Down 50 basis points | $ | — | $ | — | $ | — | |||||||||||||||||||
Down 100 basis points | $ | — | $ | 292 | $ | 292 | Down 100 basis points | $ | — | $ | — | $ | — | |||||||||||||||||||
Down 200 basis points | $ | — | $ | 292 | $ | 292 | Down 200 basis points | $ | — | $ | — | $ | — | |||||||||||||||||||
Down 300 basis points | $ | — | $ | 292 | $ | 292 | Down 300 basis points | $ | — | $ | — | $ | — |
3.1 | |||||
3.2 | |||||
4.1 | |||||
4.2 | Form of 4.50% Series 2020A Senior Note, due March 19, 2025 (incorporated by reference to Exhibit 4.1 hereto) | ||||
4.3 | |||||
4.4 | Form of 4.50% Series 2021A Senior Note, due March 1, 2026 (incorporated by reference to Exhibit 4.3 hereto) | ||||
10.1 | |||||
31.1 | |||||
31.2 | |||||
32.1 | |||||
32.2 |
TriplePoint Venture Growth BDC Corp. | ||||||||||||||
Date: | By: | /s/ James P. Labe | ||||||||||||
James P. Labe | ||||||||||||||
Chief Executive Officer and Chairman of the Board of Directors | ||||||||||||||
(Principal Executive Officer) |
TriplePoint Venture Growth BDC Corp. | ||||||||||||||
Date: | By: | /s/ Christopher M. Mathieu | ||||||||||||
Christopher M. Mathieu | ||||||||||||||
Chief Financial Officer | ||||||||||||||
(Principal Financial and Accounting Officer) |