(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 | x | 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. | ||||||||
September 30, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||
(unaudited) | (unaudited) | |||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||
Investments at fair value (amortized cost of $741,705 and $662,423, respectively) | $ | 767,013 | $ | 633,779 | ||||||||||||||||||
Investments at fair value (amortized cost of $783,694 and $837,849, respectively) | Investments at fair value (amortized cost of $783,694 and $837,849, respectively) | $ | 806,447 | $ | 865,340 | |||||||||||||||||
Cash and cash equivalents | Cash and cash equivalents | 23,095 | 38,219 | Cash and cash equivalents | 51,275 | 51,272 | ||||||||||||||||
Restricted cash | Restricted cash | — | 6,458 | Restricted cash | — | 7,875 | ||||||||||||||||
Deferred credit facility costs | Deferred credit facility costs | 2,357 | 3,152 | Deferred credit facility costs | 1,946 | 2,170 | ||||||||||||||||
Prepaid expenses and other assets | Prepaid expenses and other assets | 2,645 | 1,901 | Prepaid expenses and other assets | 915 | 1,013 | ||||||||||||||||
Total assets | Total assets | $ | 795,110 | $ | 683,509 | Total assets | $ | 860,583 | $ | 927,670 | ||||||||||||
Liabilities | Liabilities | Liabilities | ||||||||||||||||||||
Revolving Credit Facility | Revolving Credit Facility | $ | 85,000 | $ | 118,000 | Revolving Credit Facility | $ | 25,000 | $ | 200,000 | ||||||||||||
2022 Notes, net | — | 73,964 | ||||||||||||||||||||
2025 Notes, net | 2025 Notes, net | 69,299 | 69,148 | 2025 Notes, net | 69,391 | 69,348 | ||||||||||||||||
2026 Notes, net | 2026 Notes, net | 198,045 | — | 2026 Notes, net | 198,266 | 198,155 | ||||||||||||||||
2027 Notes, net | 2027 Notes, net | 123,684 | — | |||||||||||||||||||
Base management fee payable | Base management fee payable | 3,177 | 3,067 | Base management fee payable | 3,717 | 3,265 | ||||||||||||||||
Income incentive fee payable | Income incentive fee payable | 2,472 | 2,782 | Income incentive fee payable | 3,387 | 3,227 | ||||||||||||||||
Dividends payable | — | 3,087 | ||||||||||||||||||||
Other accrued expenses and liabilities | Other accrued expenses and liabilities | 5,763 | 13,026 | Other accrued expenses and liabilities | 7,679 | 19,184 | ||||||||||||||||
Total liabilities | Total liabilities | $ | 363,756 | $ | 283,074 | Total liabilities | $ | 431,124 | $ | 493,179 | ||||||||||||
Commitments and Contingencies (Note 7) | Commitments and Contingencies (Note 7) | Commitments and Contingencies (Note 7) | ||||||||||||||||||||
Net assets | Net assets | Net assets | ||||||||||||||||||||
Preferred stock, par value $0.01 per share (50,000 shares authorized; no shares issued and outstanding, respectively) | Preferred stock, par value $0.01 per share (50,000 shares authorized; no shares issued and outstanding, respectively) | $ | — | $ | — | 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 | Common stock, par value $0.01 per share | 310 | 309 | Common stock, par value $0.01 per share | 310 | 310 | ||||||||||||||||
Paid-in capital in excess of par value | Paid-in capital in excess of par value | 414,117 | 412,514 | Paid-in capital in excess of par value | 414,644 | 414,218 | ||||||||||||||||
Total distributable earnings (loss) | Total distributable earnings (loss) | 16,927 | (12,388) | Total distributable earnings (loss) | 14,505 | 19,963 | ||||||||||||||||
Total net assets | Total net assets | $ | 431,354 | $ | 400,435 | Total net assets | $ | 429,459 | $ | 434,491 | ||||||||||||
Total liabilities and net assets | Total liabilities and net assets | $ | 795,110 | $ | 683,509 | Total liabilities and net assets | $ | 860,583 | $ | 927,670 | ||||||||||||
Shares of common stock outstanding (par value $0.01 per share and 450,000 authorized) | Shares of common stock outstanding (par value $0.01 per share and 450,000 authorized) | 30,984 | 30,871 | Shares of common stock outstanding (par value $0.01 per share and 450,000 authorized) | 31,037 | 31,011 | ||||||||||||||||
Net asset value per share | Net asset value per share | $ | 13.92 | $ | 12.97 | Net asset value per share | $ | 13.84 | $ | 14.01 |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | For the Three Months Ended March 31, | ||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||
Investment income | Investment income | Investment income | ||||||||||||||||||||||||||||||||
Interest income from investments | Interest income from investments | $ | 18,723 | $ | 22,218 | $ | 57,656 | $ | 65,760 | Interest income from investments | $ | 25,934 | $ | 19,191 | ||||||||||||||||||||
Other income | Other income | Other income | ||||||||||||||||||||||||||||||||
Expirations / terminations of unfunded commitments | Expirations / terminations of unfunded commitments | 197 | 315 | 543 | 1,012 | Expirations / terminations of unfunded commitments | 44 | 328 | ||||||||||||||||||||||||||
Other fees | Other fees | 2,307 | 592 | 3,323 | 989 | Other fees | 1,371 | 455 | ||||||||||||||||||||||||||
Total investment and other income | Total investment and other income | 21,227 | 23,125 | 61,522 | 67,761 | Total investment and other income | 27,349 | 19,974 | ||||||||||||||||||||||||||
Operating expenses | Operating expenses | Operating expenses | ||||||||||||||||||||||||||||||||
Base management fee | Base management fee | 3,177 | 3,347 | 9,248 | 9,357 | Base management fee | 3,717 | 2,924 | ||||||||||||||||||||||||||
Income incentive fee | Income incentive fee | 2,472 | 3,051 | 7,049 | 5,935 | Income incentive fee | 3,387 | 2,227 | ||||||||||||||||||||||||||
Interest expense and amortization of fees | Interest expense and amortization of fees | 4,100 | 3,509 | 12,588 | 11,983 | Interest expense and amortization of fees | 5,099 | 4,351 | ||||||||||||||||||||||||||
Administration agreement expenses | Administration agreement expenses | 509 | 416 | 1,498 | 1,671 | Administration agreement expenses | 578 | 519 | ||||||||||||||||||||||||||
General and administrative expenses | General and administrative expenses | 1,082 | 597 | 2,942 | 2,837 | General and administrative expenses | 1,021 | 1,046 | ||||||||||||||||||||||||||
Total operating expenses | Total operating expenses | 11,340 | 10,920 | 33,325 | 31,783 | Total operating expenses | 13,802 | 11,067 | ||||||||||||||||||||||||||
Net investment income | Net investment income | 9,887 | 12,205 | 28,197 | 35,978 | Net investment income | 13,547 | 8,907 | ||||||||||||||||||||||||||
Net realized and unrealized gains (losses) | Net realized and unrealized gains (losses) | Net realized and unrealized gains (losses) | ||||||||||||||||||||||||||||||||
Net realized gains (losses) on investments | Net realized gains (losses) on investments | (3,122) | 4,089 | (18,764) | 4,559 | Net realized gains (losses) on investments | (3,105) | (15,697) | ||||||||||||||||||||||||||
Net change in unrealized gains (losses) on investments | Net change in unrealized gains (losses) on investments | 32,095 | (1,850) | 53,953 | (9,989) | Net change in unrealized gains (losses) on investments | (4,737) | 18,649 | ||||||||||||||||||||||||||
Net realized loss on extinguishment of debt | — | — | (681) | — | ||||||||||||||||||||||||||||||
Net realized and unrealized gains (losses) | Net realized and unrealized gains (losses) | 28,973 | 2,239 | 34,508 | (5,430) | Net realized and unrealized gains (losses) | (7,842) | 2,952 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | Net increase (decrease) in net assets resulting from operations | $ | 38,860 | $ | 14,444 | $ | 62,705 | $ | 30,548 | Net increase (decrease) in net assets resulting from operations | $ | 5,705 | $ | 11,859 | ||||||||||||||||||||
Basic and diluted net investment income per share | Basic and diluted net investment income per share | $ | 0.32 | $ | 0.40 | $ | 0.91 | $ | 1.18 | Basic and diluted net investment income per share | $ | 0.44 | $ | 0.29 | ||||||||||||||||||||
Basic and diluted net increase (decrease) in net assets per share | Basic and diluted net increase (decrease) in net assets per share | $ | 1.26 | $ | 0.47 | $ | 2.03 | $ | 1.00 | Basic and diluted net increase (decrease) in net assets per share | $ | 0.18 | $ | 0.38 | ||||||||||||||||||||
Basic and diluted weighted average shares of common stock outstanding | Basic and diluted weighted average shares of common stock outstanding | 30,956 | 30,792 | 30,918 | 30,475 | Basic and diluted weighted average shares of common stock outstanding | 31,011 | 30,881 | ||||||||||||||||||||||||||
Total basic and diluted distributions declared per share | Total basic and diluted distributions declared per share | $ | 0.36 | $ | 0.36 | $ | 1.08 | $ | 1.08 | Total basic and diluted distributions declared per share | $ | 0.36 | $ | 0.36 |
Paid-in capital in excess of par value | Total distributable earnings (loss) | Net assets | Paid-in capital in excess of par value | Total distributable earnings (loss) | Net assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock | Common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Par value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of June 30, 2020 | 30,784 | $ | 308 | $ | 412,016 | $ | (6,801) | $ | 405,523 | |||||||||||||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | 14,444 | 14,444 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions reinvested in common stock | 44 | — | 470 | — | 470 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions from distributable earnings | — | — | — | (11,082) | (11,082) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of September 30, 2020 | 30,828 | $ | 308 | $ | 412,486 | $ | (3,439) | $ | 409,355 | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of June 30, 2021 | 30,950 | $ | 309 | $ | 413,609 | $ | (10,790) | $ | 403,128 | |||||||||||||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | 38,860 | 38,860 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions reinvested in common stock | 34 | 1 | 508 | — | 509 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions from distributable earnings | — | — | — | (11,143) | (11,143) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of September 30, 2021 | 30,984 | $ | 310 | $ | 414,117 | $ | 16,927 | $ | 431,354 | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of December 31, 2019 | 24,923 | $ | 249 | $ | 333,052 | $ | (795) | $ | 332,506 | |||||||||||||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | — | — | — | 30,548 | 30,548 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock | 5,750 | 58 | 78,178 | — | 78,236 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions reinvested in common stock | 155 | 1 | 1,256 | — | 1,257 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions from distributable earnings | — | — | — | (33,192) | (33,192) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of September 30, 2020 | 30,828 | $ | 308 | $ | 412,486 | $ | (3,439) | $ | 409,355 | |||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Par value | Paid-in capital in excess of par value | Total distributable earnings (loss) | Net assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of December 31, 2020 | Balance as of December 31, 2020 | 30,871 | $ | 309 | $ | 412,514 | $ | (12,388) | $ | 400,435 | Balance as of December 31, 2020 | 30,871 | $ | 309 | ||||||||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | Net increase (decrease) in net assets resulting from operations | — | — | — | 62,705 | 62,705 | Net increase (decrease) in net assets resulting from operations | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||
Distributions reinvested in common stock | Distributions reinvested in common stock | 113 | 1 | 1,603 | — | 1,604 | Distributions reinvested in common stock | 46 | — | 624 | — | 624 | ||||||||||||||||||||||||||||||||||||||||||||||
Distributions from distributable earnings | Distributions from distributable earnings | — | — | — | (33,390) | (33,390) | Distributions from distributable earnings | — | — | — | (11,118) | (11,118) | ||||||||||||||||||||||||||||||||||||||||||||||
Balance as of September 30, 2021 | 30,984 | $ | 310 | $ | 414,117 | $ | 16,927 | $ | 431,354 | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of March 31, 2021 | Balance as of March 31, 2021 | 30,917 | $ | 309 | $ | 413,138 | $ | (11,647) | $ | 401,800 | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of December 31, 2021 | Balance as of December 31, 2021 | 31,011 | $ | 310 | $ | 414,218 | $ | 19,963 | $ | 434,491 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | Net increase (decrease) in net assets resulting from operations | — | — | — | 5,705 | 5,705 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions reinvested in common stock | Distributions reinvested in common stock | 26 | — | 426 | — | 426 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions from distributable earnings | Distributions from distributable earnings | — | — | — | (11,163) | (11,163) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as of March 31, 2022 | Balance as of March 31, 2022 | 31,037 | $ | 310 | $ | 414,644 | $ | 14,505 | $ | 429,459 |
For the Nine Months Ended September 30, | For the Three Months Ended March 31, | |||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||
Cash Flows from Operating Activities: | Cash Flows from Operating Activities: | Cash Flows from Operating Activities: | ||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | Net increase (decrease) in net assets resulting from operations | $ | 62,705 | $ | 30,548 | Net increase (decrease) in net assets resulting from operations | $ | 5,705 | $ | 11,859 | ||||||||||||
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | 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 | Fundings and purchases of investments | (254,263) | (138,086) | Fundings and purchases of investments | (64,969) | (59,906) | ||||||||||||||||
Principal payments and proceeds from investments | Principal payments and proceeds from investments | 167,520 | 157,484 | Principal payments and proceeds from investments | 121,648 | 66,035 | ||||||||||||||||
Payment-in-kind interest on investments | Payment-in-kind interest on investments | (6,330) | (5,887) | Payment-in-kind interest on investments | (1,583) | (1,981) | ||||||||||||||||
Net change in unrealized (gains) losses on investments | Net change in unrealized (gains) losses on investments | (53,953) | 9,989 | Net change in unrealized (gains) losses on investments | 4,737 | (18,649) | ||||||||||||||||
Net realized (gains) losses on investments | Net realized (gains) losses on investments | 18,764 | (4,559) | Net realized (gains) losses on investments | 3,105 | 15,697 | ||||||||||||||||
Amortization and (accretion) of premiums and discounts, net | Amortization and (accretion) of premiums and discounts, net | (3,102) | (3,978) | Amortization and (accretion) of premiums and discounts, net | (4,262) | (921) | ||||||||||||||||
(Accretion) reduction of end-of-term payments, net of prepayments | (Accretion) reduction of end-of-term payments, net of prepayments | (1,871) | (8,646) | (Accretion) reduction of end-of-term payments, net of prepayments | 218 | (192) | ||||||||||||||||
Amortization of debt fees and issuance costs | Amortization of debt fees and issuance costs | 1,569 | 1,336 | Amortization of debt fees and issuance costs | 408 | 705 | ||||||||||||||||
Net realized loss on extinguishment of debt | 681 | — | ||||||||||||||||||||
Change in operating assets and liabilities: | Change in operating assets and liabilities: | Change in operating assets and liabilities: | ||||||||||||||||||||
Prepaid expenses and other assets | Prepaid expenses and other assets | (744) | 797 | Prepaid expenses and other assets | 98 | (566) | ||||||||||||||||
Base management fee payable | Base management fee payable | 110 | 885 | Base management fee payable | 452 | (143) | ||||||||||||||||
Income incentive fee payable | Income incentive fee payable | (310) | 1,689 | Income incentive fee payable | 160 | (555) | ||||||||||||||||
Payable to directors and officers | — | (86) | ||||||||||||||||||||
Other accrued expenses and liabilities | Other accrued expenses and liabilities | (7,263) | (7,231) | Other accrued expenses and liabilities | (11,505) | (6,020) | ||||||||||||||||
Net cash (used in) provided by operating activities | Net cash (used in) provided by operating activities | (76,487) | 34,255 | Net cash (used in) provided by operating activities | 54,212 | 5,363 | ||||||||||||||||
Cash Flows from Financing Activities: | Cash Flows from Financing Activities: | Cash Flows from Financing Activities: | ||||||||||||||||||||
Borrowings under revolving credit facility | Borrowings under revolving credit facility | 153,000 | 121,000 | Borrowings under revolving credit facility | 25,000 | 40,000 | ||||||||||||||||
Repayments under revolving credit facility | Repayments under revolving credit facility | (186,000) | (271,300) | Repayments under revolving credit facility | (200,000) | (158,000) | ||||||||||||||||
Distributions paid | Distributions paid | (34,872) | (31,935) | Distributions paid | (10,737) | (13,580) | ||||||||||||||||
Deferred credit facility costs | Deferred credit facility costs | (229) | — | Deferred credit facility costs | — | (226) | ||||||||||||||||
Proceeds from issuance of 2027 Notes | Proceeds from issuance of 2027 Notes | 125,000 | — | |||||||||||||||||||
Debt issuance costs 2027 Notes | Debt issuance costs 2027 Notes | (1,347) | — | |||||||||||||||||||
Proceeds from issuance of 2026 Notes | Proceeds from issuance of 2026 Notes | — | 200,000 | |||||||||||||||||||
Debt issuance costs 2026 Notes | Debt issuance costs 2026 Notes | (2,214) | — | Debt issuance costs 2026 Notes | — | (2,135) | ||||||||||||||||
Proceeds from issuance of 2026 Notes | 200,000 | — | ||||||||||||||||||||
Repayment of 2022 Notes | (74,750) | — | ||||||||||||||||||||
Debt extinguishment costs | (30) | — | ||||||||||||||||||||
Proceeds from issuance of 2025 Notes | — | 68,997 | ||||||||||||||||||||
Proceeds from issuance of common stock | — | 78,236 | ||||||||||||||||||||
Net cash provided by (used in) financing activities | Net cash provided by (used in) financing activities | 54,905 | (35,002) | Net cash provided by (used in) financing activities | (62,084) | 66,059 | ||||||||||||||||
Net change in cash, cash equivalents and restricted cash | Net change in cash, cash equivalents and restricted cash | (21,582) | (747) | Net change in cash, cash equivalents and restricted cash | (7,872) | 71,422 | ||||||||||||||||
Cash, cash equivalents and restricted cash at beginning of period | Cash, cash equivalents and restricted cash at beginning of period | 44,677 | 26,441 | Cash, cash equivalents and restricted cash at beginning of period | 59,147 | 44,677 | ||||||||||||||||
Cash, cash equivalents and restricted cash at end of period | Cash, cash equivalents and restricted cash at end of period | $ | 23,095 | $ | 25,694 | Cash, cash equivalents and restricted cash at end of period | $ | 51,275 | $ | 116,099 | ||||||||||||
For the Nine Months Ended September 30, | For the Three Months Ended March 31, | |||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||
Cash and cash equivalents | Cash and cash equivalents | $ | 23,095 | $ | 24,858 | Cash and cash equivalents | $ | 51,275 | $ | 114,964 | ||||||||||||
Restricted cash | Restricted cash | — | 836 | Restricted cash | — | 1,135 | ||||||||||||||||
Total cash, cash equivalents and restricted cash shown in the statement of cash flows | Total cash, cash equivalents and restricted cash shown in the statement of cash flows | $ | 23,095 | $ | 25,694 | Total cash, cash equivalents and restricted cash shown in the statement of cash flows | $ | 51,275 | $ | 116,099 | ||||||||||||
Supplemental Disclosures of Cash Flow Information: | Supplemental Disclosures of Cash Flow Information: | Supplemental Disclosures of Cash Flow Information: | ||||||||||||||||||||
Cash paid for interest | Cash paid for interest | $ | 12,186 | $ | 10,698 | Cash paid for interest | $ | 7,244 | $ | 3,789 | ||||||||||||
Distributions reinvested | Distributions reinvested | $ | 1,603 | $ | 1,257 | Distributions reinvested | $ | 426 | $ | 624 | ||||||||||||
Excise tax paid | Excise tax paid | $ | 478 | $ | 259 | Excise tax paid | $ | 337 | $ | 478 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of September 30, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio 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 | $ | 1,018 | $ | 1,018 | 5/31/2023 | |||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.25% EOT payment)(2) | 3/31/2021 | 2,000 | 1,979 | 1,979 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.25% EOT payment)(2) | 8/30/2021 | 2,000 | 1,953 | 1,953 | 8/31/2024 | |||||||||||||||||||||||||||||||||
5,000 | 4,950 | 4,950 | ||||||||||||||||||||||||||||||||||||
Filevine, Inc. | Growth Capital Loan (6.00% interest rate, 6.00% PIK, 5.50% EOT payment)(2) | 4/20/2021 | 23,593 | 23,449 | 23,449 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (6.00% interest rate, 6.00% PIK)(2) | 9/30/2021 | 2,000 | 1,977 | 1,977 | 9/30/2025 | |||||||||||||||||||||||||||||||||
25,593 | 25,426 | 25,426 | ||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.00% EOT payment)(2) | 6/15/2021 | 20,000 | 19,264 | 19,264 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment)(2) | 9/24/2021 | 338 | 329 | 329 | 9/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment)(2) | 9/28/2021 | 547 | 531 | 531 | 9/30/2023 | |||||||||||||||||||||||||||||||||
20,885 | 20,124 | 20,124 | ||||||||||||||||||||||||||||||||||||
Hi.Q, Inc. | Growth Capital Loan (10.75% interest rate, 2.00% EOT payment) | 12/17/2018 | 13,250 | 13,289 | 13,289 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.50% interest rate, 10.75% floor, 1.00% EOT payment)(2) | 12/31/2020 | 6,867 | 6,840 | 6,840 | 8/31/2025 | |||||||||||||||||||||||||||||||||
20,117 | 20,129 | 20,129 | ||||||||||||||||||||||||||||||||||||
OneSource Virtual, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 6/29/2018 | 3,269 | 3,491 | 3,497 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 11/5/2019 | 3,759 | 3,813 | 3,831 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 1/31/2020 | 2,409 | 2,440 | 2,452 | 1/31/2024 | |||||||||||||||||||||||||||||||||
9,437 | 9,744 | 9,780 | ||||||||||||||||||||||||||||||||||||
Total Business Applications Software - 18.64%* | 81,032 | 80,373 | 80,409 | |||||||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 7/6/2021 | 5,796 | 5,631 | 5,631 | 7/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 7/21/2021 | 438 | 425 | 425 | 7/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 8/10/2021 | 525 | 508 | 508 | 8/31/2023 | |||||||||||||||||||||||||||||||||
Total Business/Productivity Software - 1.52%* | 6,759 | 6,564 | 6,564 | |||||||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Growth Capital Loan (8.25% interest rate, 3.75% EOT payment)(2) | 9/24/2021 | 1,333 | 1,291 | 1,291 | 9/30/2022 | ||||||||||||||||||||||||||||||||
Total Computer Hardware - 0.30%* | 1,333 | 1,291 | 1,291 | |||||||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment)(2) | 10/8/2020 | 6,000 | 5,991 | 5,991 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.75% interest rate, 5.50% EOT payment)(2) | 9/30/2021 | 9,000 | 8,794 | 8,794 | 9/30/2024 | |||||||||||||||||||||||||||||||||
15,000 | 14,785 | 14,785 | ||||||||||||||||||||||||||||||||||||
Hello Digit, Inc. | Growth Capital Loan (7.00% interest rate, 1.00% EOT payment)(2) | 9/30/2021 | 500 | 480 | 480 | 3/31/2022 | ||||||||||||||||||||||||||||||||
Total Consumer Finance - 3.54%* | 15,500 | 15,265 | 15,265 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Growth Capital Loan (8.75% interest rate, 3.25% EOT payment) | 12/16/2021 | $ | 7,000 | $ | 6,948 | $ | 6,948 | 12/31/2024 | |||||||||||||||||||||||||||||
Filevine, Inc. | Growth Capital Loan (6.00% cash interest rate + 6.00% PIK interest, 5.50% EOT payment)(2) | 4/20/2021 | 24,317 | 24,323 | 24,323 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (6.00% cash interest rate + 6.00% PIK interest)(2) | 9/30/2021 | 2,061 | 2,040 | 2,040 | 9/30/2025 | |||||||||||||||||||||||||||||||||
26,378 | 26,363 | 26,363 | ||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.00% EOT payment) | 6/15/2021 | 20,000 | 19,593 | 19,593 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/24/2021 | 338 | 334 | 334 | 9/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/28/2021 | 547 | 540 | 540 | 9/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 10/27/2021 | 278 | 274 | 274 | 10/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment)(2) | 1/21/2022 | 347 | 339 | 339 | 1/31/2024 | |||||||||||||||||||||||||||||||||
21,510 | 21,080 | 21,080 | ||||||||||||||||||||||||||||||||||||
Hi.Q, Inc. | Growth Capital Loan (11.75% interest rate, 2.00% EOT payment) | 12/17/2018 | 13,250 | 13,347 | 13,347 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.50% interest rate, 11.75% floor, 1.00% EOT payment) | 12/31/2020 | 6,867 | 6,856 | 6,856 | 8/31/2025 | |||||||||||||||||||||||||||||||||
20,117 | 20,203 | 20,203 | ||||||||||||||||||||||||||||||||||||
OneSource Virtual, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 6/29/2018 | 1,117 | 1,318 | 1,319 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 11/5/2019 | 2,963 | 3,031 | 3,042 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 1/31/2020 | 1,939 | 1,978 | 1,986 | 1/31/2024 | |||||||||||||||||||||||||||||||||
6,019 | 6,327 | 6,347 | ||||||||||||||||||||||||||||||||||||
Uniphore Technologies Inc. | Growth Capital Loan (11.00% interest rate, 4.00% EOT payment)(2) | 12/22/2021 | 7,000 | 6,948 | 6,948 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 4.00% EOT payment)(2) | 12/22/2021 | 7,000 | 6,948 | 6,948 | 12/31/2024 | |||||||||||||||||||||||||||||||||
14,000 | 13,896 | 13,896 | ||||||||||||||||||||||||||||||||||||
Total Business Applications Software - 22.08%* | 95,024 | 94,817 | 94,837 | |||||||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||||||||
Cart.com, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 6.00% EOT payment) | 12/30/2021 | 20,000 | 19,455 | 19,455 | 12/31/2025 | ||||||||||||||||||||||||||||||||
RenoRun US Inc.(1)(3) | Growth Capital Loan (Prime + 10.50% interest rate, 13.75% floor, 8.25% EOT payment)(2) | 12/30/2021 | 2,250 | 2,176 | 2,176 | 12/31/2025 | ||||||||||||||||||||||||||||||||
Convertible Note (Prime + 4.00% interest rate, 7.25% floor)(2) | 12/30/2021 | 625 | 625 | 625 | 12/30/2023 | |||||||||||||||||||||||||||||||||
2,875 | 2,801 | 2,801 | ||||||||||||||||||||||||||||||||||||
Total Business Products and Services - 5.18%* | 22,875 | 22,256 | 22,256 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of September 30, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||||||||
Alyk, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 7.25% EOT payment)(2) | 6/16/2021 | $ | 2,500 | $ | 2,471 | $ | 2,471 | 6/30/2025 | |||||||||||||||||||||||||||||
Imperfect Foods, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 3.50% EOT payment) | 9/30/2020 | 19,000 | 18,963 | 18,963 | 9/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 3.50% EOT payment)(2) | 9/30/2021 | 6,000 | 5,920 | 5,920 | 9/30/2025 | |||||||||||||||||||||||||||||||||
25,000 | 24,883 | 24,883 | ||||||||||||||||||||||||||||||||||||
NomNomNow Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 5.50% EOT payment)(2) | 7/16/2021 | 7,000 | 6,901 | 6,901 | 1/31/2023 | ||||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 7.94%* | 34,500 | 34,255 | 34,255 | |||||||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||||||||
Clutter Inc. | Growth Capital Loan (10.25% interest rate, 6.00% EOT payment)(2) | 12/23/2020 | 3,000 | 2,995 | 2,995 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 7.00% EOT payment)(2) | 3/26/2021 | 6,000 | 5,960 | 5,960 | 3/31/2024 | |||||||||||||||||||||||||||||||||
9,000 | 8,955 | 8,955 | ||||||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 7.75% EOT payment)(2) | 8/12/2021 | 6,000 | 5,842 | 5,842 | 8/31/2025 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 2/9/2021 | 3,350 | 3,365 | 3,365 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 2/9/2021 | 6,700 | 6,604 | 6,604 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment)(2) | 8/10/2021 | 7,475 | 7,383 | 7,383 | 2/28/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment)(2) | 8/31/2021 | 7,475 | 7,372 | 7,372 | 2/28/2025 | |||||||||||||||||||||||||||||||||
25,000 | 24,724 | 24,724 | ||||||||||||||||||||||||||||||||||||
Outdoor Voices, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 11.75% EOT payment) | 2/26/2019 | 4,000 | 4,241 | 4,241 | 2/29/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 10.55% EOT payment) | 4/4/2019 | 5,000 | 5,253 | 5,253 | 2/29/2024 | |||||||||||||||||||||||||||||||||
9,000 | 9,494 | 9,494 | ||||||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment)(2) | 2/1/2021 | 8,654 | 8,511 | 8,141 | 1/31/2025 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% interest rate, 3.50% EOT payment)(2) | 5/27/2021 | 4,370 | 4,271 | 4,046 | 5/31/2025 | |||||||||||||||||||||||||||||||||
13,024 | 12,782 | 12,187 | ||||||||||||||||||||||||||||||||||||
Total Consumer Products and Services - 14.19%* | 62,024 | 61,797 | 61,202 | |||||||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||||||||
Savage X, Inc. | Growth Capital Loan (Prime + 1.75% interest rate, 6.50% floor, 3.50% EOT payment)(2) | 4/30/2021 | 500 | 507 | 508 | 4/30/2022 | ||||||||||||||||||||||||||||||||
Total Consumer Retail - 0.12%* | 500 | 507 | 508 | |||||||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.50% EOT payment)(2) | 9/29/2021 | 29,000 | 28,065 | 28,065 | 3/31/2025 | ||||||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 9/30/2020 | 15,000 | 14,897 | 14,897 | 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 | 20,270 | 20,372 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Revolver (4.50% interest rate, 4.50% PIK, 5.00% EOT payment)(2) | 3/5/2020 | 3,298 | 3,484 | 3,673 | 12/31/2022 | |||||||||||||||||||||||||||||||||
22,075 | 23,754 | 24,045 | ||||||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment)(2) | 12/4/2020 | 10,500 | 10,302 | 10,302 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Trendly, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 8.50% EOT payment)(2) | 5/27/2021 | 19,500 | 19,175 | 19,175 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 22.37%* | 96,075 | 96,193 | 96,484 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/6/2021 | $ | 5,796 | $ | 5,729 | $ | 5,729 | 7/31/2023 | |||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/21/2021 | 438 | 433 | 433 | 7/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 8/10/2021 | 525 | 517 | 517 | 8/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 10/6/2021 | 2,430 | 2,381 | 2,381 | 10/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 11/2/2021 | 1,578 | 1,542 | 1,542 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 11/2/2021 | 4,233 | 4,137 | 4,137 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 12/28/2021 | 1,414 | 1,375 | 1,375 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 12/28/2021 | 540 | 525 | 525 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 12/28/2021 | 95 | 92 | 92 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 1/28/2022 | 3,060 | 2,968 | 2,968 | 1/31/2024 | |||||||||||||||||||||||||||||||||
20,109 | 19,699 | 19,699 | ||||||||||||||||||||||||||||||||||||
Metropolis Technologies, Inc. | Growth Capital Loan (Prime + 8.50% interest rate, 11.75% floor, 7.00% EOT payment)(2) | 3/30/2022 | 25,000 | 24,666 | 24,666 | 3/31/2027 | ||||||||||||||||||||||||||||||||
Total Business/Productivity Software - 10.33%* | 45,109 | 44,365 | 44,365 | |||||||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Growth Capital Loan (8.25% interest rate, 3.75% EOT payment) | 9/24/2021 | 1,333 | 1,335 | 1,335 | 9/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.75% interest rate, 5.25% EOT payment) | 12/30/2021 | 6,667 | 6,495 | 6,495 | 6/30/2025 | |||||||||||||||||||||||||||||||||
Total Computer Hardware - 1.82%* | 8,000 | 7,830 | 7,830 | |||||||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 10/8/2020 | 6,000 | 6,063 | 6,063 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 9/30/2021 | 9,000 | 8,891 | 8,891 | 9/30/2024 | |||||||||||||||||||||||||||||||||
15,000 | 14,954 | 14,954 | ||||||||||||||||||||||||||||||||||||
Thingy Thing Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.25% EOT payment) | 10/27/2021 | 2,000 | 1,985 | 1,985 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Total Consumer Finance - 3.94%* | 17,000 | 16,939 | 16,939 | |||||||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||||||||
Alyk, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 7.25% EOT payment) | 6/16/2021 | 2,500 | 2,502 | 2,482 | 6/30/2025 | ||||||||||||||||||||||||||||||||
Don't Run Out, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 12/30/2021 | 1,000 | 983 | 983 | 6/30/2025 | ||||||||||||||||||||||||||||||||
Imperfect Foods, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 3.50% EOT payment) | 9/30/2020 | 19,000 | 19,079 | 19,079 | 9/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 3.50% EOT payment)(2) | 9/30/2021 | 6,000 | 5,953 | 5,953 | 9/30/2025 | |||||||||||||||||||||||||||||||||
25,000 | 25,032 | 25,032 | ||||||||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 6.64%* | 28,500 | 28,517 | 28,497 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of September 30, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment)(2) | 5/17/2021 | $ | 4,168 | $ | 4,076 | $ | 4,076 | 6/30/2024 | |||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 7.50% EOT payment)(2) | 6/30/2021 | 1,951 | 1,902 | 1,902 | 6/30/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 7.50% EOT payment)(2) | 8/4/2021 | 4,163 | 4,045 | 4,045 | 8/31/2024 | |||||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 2.32%* | 10,282 | 10,023 | 10,023 | |||||||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||||||||
Luminary Roli Limited(1)(3)(7) | Growth Capital Loan(2) | 8/31/2021 | 35,491 | 29,530 | 14,544 | 8/31/2026 | ||||||||||||||||||||||||||||||||
Mind Candy Limited(1)(3) | Growth Capital Loan (12.00% PIK interest rate)(2) | 6/25/2014 | 15,677 | 15,622 | 15,519 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 3/17/2020 | 1,151 | 1,151 | 1,135 | 3/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest rate)(2) | 12/21/2020 | 1,073 | 1,073 | 1,052 | 12/31/2023 | |||||||||||||||||||||||||||||||||
17,901 | 17,846 | 17,706 | ||||||||||||||||||||||||||||||||||||
Total Entertainment - 7.48%* | 53,392 | 47,376 | 32,250 | |||||||||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||||||||
Prodigy Finance Limited(1)(3) | Growth Capital Loan (8.00% interest rate)(2) | 12/31/2020 | 32,349 | 31,452 | 31,452 | 12/31/2025 | ||||||||||||||||||||||||||||||||
Total Financial Institution and Services - 7.29%* | 32,349 | 31,452 | 31,452 | |||||||||||||||||||||||||||||||||||
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 | 14,881 | 14,881 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Food & Drug - 3.45%* | 15,000 | 14,881 | 14,881 | |||||||||||||||||||||||||||||||||||
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 | 4,931 | 4,931 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | 5,000 | 4,931 | 4,931 | 12/31/2023 | |||||||||||||||||||||||||||||||||
10,000 | 9,862 | 9,862 | ||||||||||||||||||||||||||||||||||||
Nurx Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 7.75% EOT payment) | 11/5/2019 | 15,037 | 15,732 | 15,732 | 11/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 9.00% EOT payment)(2) | 12/31/2020 | 10,000 | 10,010 | 10,010 | 12/31/2025 | |||||||||||||||||||||||||||||||||
25,037 | 25,742 | 25,742 | ||||||||||||||||||||||||||||||||||||
Total Healthcare Technology Systems - 8.26%* | 35,037 | 35,604 | 35,604 | |||||||||||||||||||||||||||||||||||
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 | 15,343 | 15,343 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 11.25% floor, 6.25% EOT payment) | 11/1/2019 | 15,000 | 15,427 | 15,427 | 10/31/2022 | |||||||||||||||||||||||||||||||||
Total Household & Office Goods - 7.13%* | 30,000 | 30,770 | 30,770 | |||||||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Growth Capital Loan (10.00% interest rate, 6.50% EOT payment) | 3/20/2020 | 10,000 | 10,270 | 10,270 | 3/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.75% interest rate, 4.25% EOT payment)(2) | 12/31/2020 | 5,000 | 4,986 | 4,986 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Total Multimedia and Design Software - 3.54%* | 15,000 | 15,256 | 15,256 | |||||||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||||||||
Virtual Instruments Corporation | Growth Capital Loan (12.00% interest rate) | 4/4/2016 | 3,555 | 3,555 | 3,555 | 4/4/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (5.00% PIK interest rate)(2) | 8/7/2018 | 33,174 | 33,174 | 30,273 | 4/4/2022 | |||||||||||||||||||||||||||||||||
Total Network Systems Management Software - 7.84%* | 36,729 | 36,729 | 33,828 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||||||||
Baby Generation, Inc. | Growth Capital Loan (Prime + 7.50% interest rate, 10.75% floor, 8.00% EOT payment)(2) | 1/26/2022 | $ | 1,875 | $ | 1,859 | $ | 1,859 | 1/31/2025 | |||||||||||||||||||||||||||||
Clutter Inc. | Growth Capital Loan (9.25% interest rate, 6.00% EOT payment) | 12/23/2020 | 2,654 | 2,708 | 2,708 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% interest rate, 7.00% EOT payment) | 3/26/2021 | 4,906 | 4,998 | 4,998 | 3/31/2024 | |||||||||||||||||||||||||||||||||
7,560 | 7,706 | 7,706 | ||||||||||||||||||||||||||||||||||||
everdrop GmbH(1)(3) | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 6.25% EOT payment)(2) | 2/24/2022 | 224 | 222 | 220 | 2/28/2025 | ||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 7.75% EOT payment)(2) | 8/12/2021 | 6,000 | 5,938 | 5,938 | 8/31/2025 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 2/9/2021 | 3,350 | 3,405 | 3,405 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 2/9/2021 | 6,700 | 6,700 | 6,700 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment)(2) | 8/10/2021 | 7,475 | 7,484 | 7,484 | 2/28/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment)(2) | 8/31/2021 | 7,475 | 7,474 | 7,474 | 2/28/2025 | |||||||||||||||||||||||||||||||||
25,000 | 25,063 | 25,063 | ||||||||||||||||||||||||||||||||||||
JOKR S.à r.l.(1)(3) | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 6.00% EOT payment) | 11/3/2021 | 3,000 | 2,806 | 2,806 | 11/30/2025 | ||||||||||||||||||||||||||||||||
Revolver (Prime + 4.75% interest rate, 8.00% floor, 2.00% EOT payment)(2) | 11/2/2021 | 504 | 487 | 487 | 10/13/2022 | |||||||||||||||||||||||||||||||||
3,504 | 3,293 | 3,293 | ||||||||||||||||||||||||||||||||||||
Outdoor Voices, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 11.75% EOT payment) | 2/26/2019 | 4,000 | 4,294 | 4,294 | 2/29/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 10.55% EOT payment) | 4/4/2019 | 5,000 | 5,367 | 5,367 | 2/29/2024 | |||||||||||||||||||||||||||||||||
9,000 | 9,661 | 9,661 | ||||||||||||||||||||||||||||||||||||
Project 1920, Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 9.50% floor, 6.50% EOT payment)(2) | 3/25/2022 | 2,000 | 1,958 | 1,958 | 3/31/2025 | ||||||||||||||||||||||||||||||||
Revolver (Prime + 5.75% interest rate, 9.00% floor, 2.00% EOT payment)(2) | 3/25/2022 | 600 | 591 | 591 | 3/25/2023 | |||||||||||||||||||||||||||||||||
2,600 | 2,549 | 2,549 | ||||||||||||||||||||||||||||||||||||
The Black Tux, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.00% EOT payment) | 11/5/2021 | 10,000 | 9,823 | 9,823 | 5/31/2026 | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment)(2) | 2/1/2021 | 8,654 | 8,602 | 7,891 | 1/31/2025 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% interest rate, 3.50% EOT payment)(2) | 5/27/2021 | 4,370 | 4,318 | 3,923 | 5/31/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% interest rate, 3.50% EOT payment)(2) | 1/31/2022 | 2,011 | 1,959 | 1,934 | 1/31/2026 | |||||||||||||||||||||||||||||||||
15,035 | 14,879 | 13,748 | ||||||||||||||||||||||||||||||||||||
Total Consumer Products and Services - 18.60%* | 80,798 | 80,993 | 79,860 | |||||||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||||||||
Savage X, Inc. | Growth Capital Loan (Prime + 1.75% interest rate, 6.50% floor, 3.50% EOT payment) | 4/30/2021 | 500 | 516 | 516 | 4/30/2022 | ||||||||||||||||||||||||||||||||
Total Consumer Retail - 0.12%* | 500 | 516 | 516 | |||||||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||||||||
Sisense, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 9.25% EOT payment)(2) | 12/28/2021 | 13,000 | 12,813 | 12,813 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Total Database Software - 2.98%* | 13,000 | 12,813 | 12,813 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of September 30, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Growth Capital Loan (12.00% interest rate)(2) | 3/8/2021 | $ | 7,035 | $ | 6,823 | $ | 6,526 | 3/8/2031 | |||||||||||||||||||||||||||||
N26 GmbH(1)(3) | Growth Capital Loan (Prime + 3.75% interest rate, 7.00% floor, 4.00% EOT payment)(2) | 9/14/2021 | 26,667 | 26,456 | 25,869 | 9/30/2022 | ||||||||||||||||||||||||||||||||
Total Other Financial Services - 7.51%* | 33,702 | 33,279 | 32,395 | |||||||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||||||||
Sonder USA, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 10.50% floor, 5.25% EOT payment) | 12/28/2018 | 8,003 | 8,872 | 8,872 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 4,271 | 4,347 | 4,347 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 1,708 | 1,733 | 1,733 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Total Real Estate Services - 3.47%* | 13,982 | 14,952 | 14,952 | |||||||||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 3/27/2019 | 10,000 | 10,337 | 10,501 | 9/30/2025 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 9/30/2019 | 10,000 | 10,228 | 10,398 | 12/31/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 12/23/2019 | 10,000 | 10,185 | 10,354 | 12/31/2025 | |||||||||||||||||||||||||||||||||
Total Security Services - 7.25%* | 30,000 | 30,750 | 31,253 | |||||||||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Growth Capital Loan (Prime + 9.75% interest rate, 15.25% floor, 9.00% EOT payment) | 10/21/2019 | 10,000 | 9,931 | 9,931 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 9.75% interest rate, 15.25% floor, 9.00% EOT payment) | 11/27/2019 | 5,000 | 4,950 | 4,950 | 6/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 9.75% interest rate, 15.25% floor, 9.00% EOT payment) | 1/6/2020 | 10,000 | 9,851 | 9,851 | 6/30/2023 | |||||||||||||||||||||||||||||||||
Total Shopping Facilitators - 5.73%* | 25,000 | 24,732 | 24,732 | |||||||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||||||||
ClassPass Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 8.25% EOT payment) | 8/15/2019 | 14,433 | 15,033 | 15,095 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 8.25% EOT payment) | 9/30/2019 | 15,000 | 15,553 | 15,620 | 9/30/2023 | |||||||||||||||||||||||||||||||||
Total Social/Platform Software - 7.12%* | 29,433 | 30,586 | 30,715 | |||||||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 10/30/2019 | 20,000 | 20,318 | 20,318 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 3/27/2020 | 10,000 | 10,076 | 10,076 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Convertible Note (5.00% interest rate)(2) | 8/11/2020 | 300 | 300 | 300 | 2/11/2023 | |||||||||||||||||||||||||||||||||
Total Travel & Leisure - 7.12%* | 30,300 | 30,694 | 30,694 | |||||||||||||||||||||||||||||||||||
Total Debt Investments - 154.12%* | $ | 687,929 | $ | 683,329 | $ | 664,783 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.50% EOT payment) | 9/29/2021 | $ | 29,000 | $ | 28,694 | $ | 28,694 | 3/31/2025 | |||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 9/30/2020 | 15,000 | 15,161 | 15,161 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment)(2) | 12/30/2021 | 2,500 | 2,411 | 2,411 | 6/30/2025 | |||||||||||||||||||||||||||||||||
17,500 | 17,572 | 17,572 | ||||||||||||||||||||||||||||||||||||
Outfittery GMBH(1)(3) | Growth Capital Loan (5.50% cash interest rate + 5.50% PIK interest, 9.00% EOT payment)(2) | 1/8/2021 | 19,825 | 21,419 | 20,316 | 1/1/2024 | ||||||||||||||||||||||||||||||||
Revolver (4.50% cash interest rate + 4.50% PIK interest, 5.00% EOT payment)(2) | 3/5/2020 | 3,448 | 3,600 | 3,580 | 1/1/2024 | |||||||||||||||||||||||||||||||||
23,273 | 25,019 | 23,896 | ||||||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/4/2020 | 10,500 | 10,491 | 10,491 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/21/2021 | 7,000 | 6,742 | 6,742 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 7.00% EOT payment)(2) | 3/31/2022 | 7,000 | 6,731 | 6,731 | 9/30/2025 | |||||||||||||||||||||||||||||||||
24,500 | 23,964 | 23,964 | ||||||||||||||||||||||||||||||||||||
Trendly, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 8.50% EOT payment) | 5/27/2021 | 19,500 | 19,432 | 19,432 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 26.44%* | 113,773 | 114,681 | 113,558 | |||||||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 5/17/2021 | 4,168 | 4,139 | 4,176 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 6/30/2021 | 1,951 | 1,932 | 1,949 | 6/30/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 8/4/2021 | 4,163 | 4,107 | 4,146 | 8/31/2024 | |||||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 2.39%* | 10,282 | 10,178 | 10,271 | |||||||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||||||||
Luminary Roli Limited(1)(3)(7) | Growth Capital Loan(2) | 8/31/2021 | 35,492 | 29,530 | 9,896 | 8/31/2026 | ||||||||||||||||||||||||||||||||
Mind Candy Limited(1)(3) | Growth Capital Loan (12.00% PIK interest)(2) | 6/25/2014 | 16,653 | 16,633 | 16,524 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest)(2) | 3/17/2020 | 1,204 | 1,204 | 1,172 | 3/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest)(2) | 12/21/2020 | 1,123 | 1,123 | 1,071 | 12/31/2023 | |||||||||||||||||||||||||||||||||
18,980 | 18,960 | 18,767 | ||||||||||||||||||||||||||||||||||||
Total Entertainment - 6.67%* | 54,472 | 48,490 | 28,663 | |||||||||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||||||||
Prodigy Investments Limited(1)(3) | Growth Capital Loan (8.00% interest rate)(2) | 12/31/2020 | 32,349 | 31,629 | 31,629 | 12/31/2025 | ||||||||||||||||||||||||||||||||
Total Financial Institution and Services - 7.36%* | 32,349 | 31,629 | 31,629 | |||||||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||||||||
Capsule Corporation | Growth Capital Loan (Prime + 7.75% interest rate, 13.00% floor, 13.00% EOT payment) | 12/30/2020 | 15,000 | 15,131 | 15,131 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Food & Drug - 3.52%* | 15,000 | 15,131 | 15,131 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of September 30, 2021 | ||||||||||||||||||||||||||||||||
Portfolio 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%* | 35 | 13 | ||||||||||||||||||||||||||||||
Building Materials/Construction Machinery | ||||||||||||||||||||||||||||||||
View, Inc. | Preferred Stock(2) | 6/13/2017 | 105,682 | 500 | 14 | |||||||||||||||||||||||||||
Total Building Materials/Construction Machinery - 0.00%* | 500 | 14 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands Holdings, Inc. | Preferred Stock(2) | 7/6/2021 | 4,934 | 243 | 243 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.06%* | 243 | 243 | ||||||||||||||||||||||||||||||
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 | 87 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock(2) | 1/3/2020 | 37,666 | 33 | 252 | |||||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 4/20/2021 | 26,178 | 38 | 38 | |||||||||||||||||||||||||||
FinancialForce.com, Inc. | Preferred Stock(2) | 6/20/2016 | 547,440 | 1,540 | 2,480 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock(2) | 6/15/2021 | 210,977 | 810 | 810 | |||||||||||||||||||||||||||
Hi.Q, Inc. | Preferred Stock | 12/17/2018 | 606,952 | 196 | 971 | |||||||||||||||||||||||||||
Preferred Stock(2) | 12/31/2020 | 36,498 | 45 | 45 | ||||||||||||||||||||||||||||
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 | 456 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock(2) | 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 | 131,626 | 27 | 5,075 | |||||||||||||||||||||||||||
Total Business Applications Software - 2.59%* | 3,652 | 11,169 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
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 - 0.03%* | 120 | 144 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Transfix, Inc. | Preferred Stock(2) | 5/31/2019 | 133,502 | 188 | 188 | |||||||||||||||||||||||||||
Total Commercial Services - 0.04%* | 188 | 188 | ||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Preferred Stock(2) | 3/16/2021 | 16,262 | 107 | 107 | |||||||||||||||||||||||||||
Total Computer Hardware - 0.02%* | 107 | 107 | ||||||||||||||||||||||||||||||
Conferencing Equipment / Services | ||||||||||||||||||||||||||||||||
Fuze, Inc. (f/k/a Thinking Phone Networks, Inc.) | Preferred Stock(2) | 9/29/2015 | 323,381 | 670 | 205 | |||||||||||||||||||||||||||
Total Conferencing Equipment / Services - 0.05%* | 670 | 205 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Preferred Stock(2) | 10/8/2020 | 86,268 | 226 | 226 | |||||||||||||||||||||||||||
Hello Digit, Inc. | Preferred Stock(2) | 9/8/2020 | 1,157 | 19 | 19 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.06%* | 245 | 245 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Portfolio 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 | $ | 5,018 | $ | 5,018 | 12/31/2023 | |||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | 5,000 | 5,018 | 5,018 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 6.75% EOT payment)(2) | 3/25/2022 | 20,000 | 19,648 | 19,648 | 9/30/2025 | |||||||||||||||||||||||||||||||||
30,000 | 29,684 | 29,684 | ||||||||||||||||||||||||||||||||||||
Thirty Madison, Inc. (f/k/a Nurx Inc.) | Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 7.75% EOT payment) | 11/5/2019 | 11,851 | 12,804 | 12,804 | 11/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 9.00% EOT payment) | 12/31/2020 | 10,000 | 10,128 | 10,128 | 12/31/2025 | |||||||||||||||||||||||||||||||||
21,851 | 22,932 | 22,932 | ||||||||||||||||||||||||||||||||||||
Total Healthcare Technology Systems - 12.25%* | 51,851 | 52,616 | 52,616 | |||||||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Growth Capital Loan (11.75% interest rate, 7.00% EOT payment) | 3/20/2020 | 10,000 | 10,363 | 10,363 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.25% interest rate, 6.25% EOT payment)(2) | 12/31/2020 | 5,000 | 5,044 | 5,044 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Total Multimedia and Design Software - 3.59%* | 15,000 | 15,407 | 15,407 | |||||||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Growth Capital Loan (12.00% interest rate)(2) | 3/8/2021 | 7,035 | 6,841 | 6,385 | 3/8/2031 | ||||||||||||||||||||||||||||||||
Total Other Financial Services - 1.49%* | 7,035 | 6,841 | 6,385 | |||||||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||||||||
Demain ES (d/b/a Luko)(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment)(2) | 12/28/2021 | 4,535 | 4,411 | 4,323 | 12/28/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment)(2) | 12/28/2021 | 5,669 | 5,513 | 5,404 | 12/28/2024 | |||||||||||||||||||||||||||||||||
10,204 | 9,924 | 9,727 | ||||||||||||||||||||||||||||||||||||
Homeward, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 9.75% EOT payment)(2) | 12/30/2021 | 10,000 | 9,824 | 9,824 | 6/30/2024 | ||||||||||||||||||||||||||||||||
True Footage Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 250 | 245 | 245 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/3/2021 | 800 | 784 | 784 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 220 | 216 | 216 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/13/2021 | 105 | 103 | 103 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/13/2021 | 440 | 431 | 431 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/15/2021 | 208 | 204 | 204 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/15/2021 | 150 | 147 | 147 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/15/2021 | 1,372 | 1,344 | 1,344 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/21/2021 | 760 | 744 | 744 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 7.00% EOT payment)(2) | 1/31/2022 | 170 | 166 | 166 | 1/31/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment)(2) | 2/25/2022 | 116 | 113 | 113 | 2/28/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 7.00% EOT payment)(2) | 3/15/2022 | 300 | 292 | 292 | 3/31/2025 | |||||||||||||||||||||||||||||||||
4,891 | 4,789 | 4,789 | ||||||||||||||||||||||||||||||||||||
Total Real Estate Services - 5.67%* | 25,095 | 24,537 | 24,340 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of September 30, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Alyk, Inc. | Preferred Stock(2) | 6/16/2021 | 61,096 | $ | 21 | $ | 21 | |||||||||||||||||||||||||
Hims & Hers Health, Inc. (f/k/a Hims, Inc.) | Preferred Stock(2) | 11/27/2019 | 217,943 | 73 | 813 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 6/6/2019 | 49,709 | 189 | 275 | |||||||||||||||||||||||||||
Common Stock | 9/30/2020 | 48,391 | 208 | 354 | ||||||||||||||||||||||||||||
397 | 629 | |||||||||||||||||||||||||||||||
NomNomNow Inc. | Preferred Stock(2) | 5/3/2021 | 91,021 | 80 | 86 | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.36%* | 571 | 1,549 | ||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
532 | 736 | |||||||||||||||||||||||||||||||
Good Eggs, Inc. | Preferred Stock(2) | 8/12/2021 | 495,186 | 124 | 124 | |||||||||||||||||||||||||||
Hydrow, Inc. | Common Stock(2) | 2/9/2021 | 103,267 | 143 | 267 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 8/6/2021 | 53,903 | 89 | 89 | |||||||||||||||||||||||||||
232 | 356 | |||||||||||||||||||||||||||||||
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 | 84 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 2/1/2021 | 704,689 | 145 | 433 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.64%* | 2,000 | 2,768 | ||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||
LovePop, Inc. | Preferred Stock(2) | 10/23/2018 | 163,463 | 168 | 128 | |||||||||||||||||||||||||||
Savage X, Inc. | Preferred Stock(2) | 4/7/2020 | 28,977 | 471 | 565 | |||||||||||||||||||||||||||
Total Consumer Retail - 0.16%* | 639 | 693 | ||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 11/20/2017 | 331,048 | 1,171 | 1,364 | |||||||||||||||||||||||||||
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 | 2,773 | |||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
Trendly, Inc. | Preferred Stock(2) | 5/27/2021 | 498,110 | 299 | 299 | |||||||||||||||||||||||||||
Untuckit LLC | Cash Exit Fee(2)(5) | 5/11/2018 | — | 39 | 57 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 1.62%* | 5,706 | 6,992 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Enjoy Technology, Inc. | Preferred Stock(2) | 9/7/2018 | 336,304 | 269 | 538 | |||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 4/2/2018 | 264,140 | 219 | 1,305 | |||||||||||||||||||||||||||
Preferred Stock(2) | 5/22/2019 | 109,114 | 228 | 347 | ||||||||||||||||||||||||||||
447 | 1,652 | |||||||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/28/2021 | 191,274 | 406 | 1,570 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.87%* | 1,122 | 3,760 | ||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/24/2017 | 278,209 | 922 | 274 | |||||||||||||||||||||||||||
Total Entertainment - 0.06%* | 922 | 274 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 3/27/2019 | $ | 10,000 | $ | 10,396 | $ | 10,543 | 9/30/2025 | |||||||||||||||||||||||||||||
Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 9/30/2019 | 10,000 | 10,294 | 10,448 | 12/31/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 12/23/2019 | 10,000 | 10,255 | 10,408 | 12/31/2025 | |||||||||||||||||||||||||||||||||
Total Security Services - 7.31%* | 30,000 | 30,945 | 31,399 | |||||||||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.00% EOT payment) | 12/30/2021 | 27,500 | 27,514 | 27,514 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Total Shopping Facilitators - 6.41%* | 27,500 | 27,514 | 27,514 | |||||||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 10/30/2019 | 20,000 | 20,677 | 20,677 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 3/27/2020 | 10,000 | 10,234 | 10,234 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Convertible Note (5.00% interest rate)(2) | 8/11/2020 | 300 | 300 | 300 | 2/11/2023 | |||||||||||||||||||||||||||||||||
Total Travel & Leisure - 7.27%* | 30,300 | 31,211 | 31,211 | |||||||||||||||||||||||||||||||||||
Total Debt Investments - 162.07%* | $ | 723,463 | $ | 718,226 | $ | 696,037 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of September 30, 2021 | ||||||||||||||||||||||||||||||||
Portfolio 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 | 220 | |||||||||||||||||||||||||||
Revolut Ltd(1)(3) | Preferred Stock(2) | 4/16/2018 | 6,253 | 40 | 2,366 | |||||||||||||||||||||||||||
Preferred Stock(2) | 10/29/2019 | 7,945 | 324 | 2,425 | ||||||||||||||||||||||||||||
364 | 4,791 | |||||||||||||||||||||||||||||||
WorldRemit Group Limited(1)(3) | Preferred Stock(2) | 12/23/2015 | 128,288 | 382 | 6,765 | |||||||||||||||||||||||||||
Preferred Stock(2) | 12/23/2015 | 46,548 | 136 | 2,245 | ||||||||||||||||||||||||||||
518 | 9,010 | |||||||||||||||||||||||||||||||
Total Financial Institution and Services - 3.46%* | 2,112 | 14,930 | ||||||||||||||||||||||||||||||
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 - 0.33%* | 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 - 0.25%* | 625 | 1,092 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/23/2019 | 36,020 | 58 | 43 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 11/20/2020 | 1,083,470 | 195 | 498 | |||||||||||||||||||||||||||
Nurx Inc. | Preferred Stock | 8/19/2019 | 170,716 | 270 | 372 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.21%* | 523 | 913 | ||||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Preferred Stock | 3/1/2019 | 21,736 | 240 | 8 | |||||||||||||||||||||||||||
Total Household & Office Goods - 0.00%* | 240 | 8 | ||||||||||||||||||||||||||||||
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%* | 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%* | 199 | 289 | ||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 1/10/2020 | 18,945 | 54 | 103 | |||||||||||||||||||||||||||
Signifyd, Inc. | Preferred Stock(2) | 12/19/2019 | 33,445 | 132 | 332 | |||||||||||||||||||||||||||
Total Network Systems Management Software - 0.10%* | 186 | 435 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Ordinary Shares(2) | 3/8/2021 | 64,813 | 161 | 154 | |||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock(2) | 1/18/2019 | 744,225 | 223 | 409 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.13%* | 384 | 563 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Portfolio 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%* | 35 | 13 | ||||||||||||||||||||||||||||||
Building Materials/Construction Machinery | ||||||||||||||||||||||||||||||||
View, Inc. | Common Stock(2) | 6/13/2017 | 105,682 | 500 | — | |||||||||||||||||||||||||||
Total Building Materials/Construction Machinery - 0.00%* | 500 | — | ||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock | 12/10/2021 | 55,458 | 138 | 138 | |||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 8/3/2020 | 28,980 | 102 | 117 | |||||||||||||||||||||||||||
Envoy, Inc. | Preferred Stock(2) | 5/8/2020 | 35,893 | 82 | 401 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock(2) | 1/3/2020 | 37,666 | 33 | 1,086 | |||||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 4/20/2021 | 186,160 | 38 | 294 | |||||||||||||||||||||||||||
FinancialForce.com, Inc. | Preferred Stock(2) | 6/20/2016 | 547,440 | 1,540 | 2,480 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock | 6/15/2021 | 210,977 | 810 | 810 | |||||||||||||||||||||||||||
Hi.Q, Inc. | Preferred Stock | 12/17/2018 | 606,952 | 196 | 886 | |||||||||||||||||||||||||||
Preferred Stock | 12/31/2020 | 36,498 | 45 | 38 | ||||||||||||||||||||||||||||
241 | 924 | |||||||||||||||||||||||||||||||
Narvar, Inc. | Preferred Stock(2) | 8/28/2020 | 21,790 | 102 | 102 | |||||||||||||||||||||||||||
OneSource Virtual, Inc. | Preferred Stock | 6/25/2018 | 70,773 | 161 | 456 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock(2) | 9/28/2018 | 21,929 | 303 | 590 | |||||||||||||||||||||||||||
Quantcast Corporation | Cash Exit Fee(2)(5) | 8/9/2018 | — | 213 | 161 | |||||||||||||||||||||||||||
Uniphore Technologies Inc. | Common Stock(2) | 12/22/2021 | 35,000 | 34 | 187 | |||||||||||||||||||||||||||
Total Business Applications Software - 1.80%* | 3,797 | 7,746 | ||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||
Cart.com, Inc. | Common Stock | 12/30/2021 | 32,731 | 477 | 404 | |||||||||||||||||||||||||||
Common Stock(2) | 3/31/2022 | 2,719 | 17 | 17 | ||||||||||||||||||||||||||||
494 | 421 | |||||||||||||||||||||||||||||||
LeoLabs, Inc. | Preferred Stock(2) | 1/20/2022 | 218,512 | 197 | 197 | |||||||||||||||||||||||||||
RenoRun Inc.(1)(3) | Preferred Stock(2) | 12/30/2021 | 15,906 | 348 | 348 | |||||||||||||||||||||||||||
Total Business Products and Services - 0.22%* | 1,039 | 966 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands Holdings, Inc. | Preferred Stock | 7/6/2021 | 9,457 | 556 | 654 | |||||||||||||||||||||||||||
Metropolis Technologies, Inc. | Common Stock(2) | 3/30/2022 | 87,385 | 87 | 87 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.17%* | 643 | 741 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
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 - 0.03%* | 120 | 144 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Transfix, Inc. | Preferred Stock(2) | 5/31/2019 | 133,502 | 188 | 188 | |||||||||||||||||||||||||||
Total Commercial Services - 0.04%* | 188 | 188 | ||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Preferred Stock | 3/16/2021 | 27,878 | 183 | 116 | |||||||||||||||||||||||||||
Total Computer Hardware - 0.03%* | 183 | 116 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of September 30, 2021 | ||||||||||||||||||||||||||||||||
Portfolio 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 | $ | 369 | |||||||||||||||||||||||||
Preferred Stock(2) | 11/5/2020 | 55,326 | 76 | 292 | ||||||||||||||||||||||||||||
120 | 661 | |||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock | 12/28/2018 | 136,511 | 232 | 1,140 | |||||||||||||||||||||||||||
Preferred Stock | 3/4/2020 | 14,291 | 42 | 70 | ||||||||||||||||||||||||||||
274 | 1,210 | |||||||||||||||||||||||||||||||
Total Real Estate Services - 0.43%* | 394 | 1,871 | ||||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Preferred Units | 5/27/2021 | 250,000 | 1,148 | 1,148 | |||||||||||||||||||||||||||
OfferUp Inc. | Preferred Stock(2) | 12/23/2019 | 131,006 | 42 | 138 | |||||||||||||||||||||||||||
Total Shopping Facilitators - 0.30%* | 1,190 | 1,286 | ||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock | 3/18/2019 | 84,507 | 281 | 151 | |||||||||||||||||||||||||||
Total Social/Platform Software - 0.04%* | 281 | 151 | ||||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||
Bird Rides, Inc. | Preferred Stock(2) | 4/18/2019 | 68,111 | 194 | 55 | |||||||||||||||||||||||||||
Total Transportation - 0.01%* | 194 | 55 | ||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Units | 9/18/2019 | 12,027 | 362 | 238 | |||||||||||||||||||||||||||
Inspirato, LLC | Preferred Units(2) | 4/25/2013 | 1,994 | 37 | 45 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.07%* | 399 | 283 | ||||||||||||||||||||||||||||||
Total Warrant Investments - 11.98%* | $ | 24,125 | $ | 51,662 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Conferencing Equipment / Services | ||||||||||||||||||||||||||||||||
Fuze, Inc. (f/k/a Thinking Phone Networks, Inc.) | Preferred Stock(2) | 9/29/2015 | 323,381 | $ | 670 | $ | — | |||||||||||||||||||||||||
Total Conferencing Equipment / Services - 0.00%* | 670 | — | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Preferred Stock | 10/8/2020 | 86,268 | 226 | 317 | |||||||||||||||||||||||||||
Thingy Thing Inc. | Preferred Stock | 10/21/2021 | 5,855 | 17 | 273 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.14%* | 243 | 590 | ||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Alyk, Inc. | Preferred Stock | 6/16/2021 | 61,096 | 21 | 21 | |||||||||||||||||||||||||||
Don't Run Out, Inc. | Preferred Stock(2) | 12/30/2021 | 18,398 | 14 | 14 | |||||||||||||||||||||||||||
Hims & Hers Health, Inc. (f/k/a Hims, Inc.) | Preferred Stock(2) | 11/27/2019 | 98,723 | 73 | 205 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 6/6/2019 | 49,709 | 189 | 321 | |||||||||||||||||||||||||||
Common Stock | 9/30/2020 | 48,391 | 208 | 411 | ||||||||||||||||||||||||||||
397 | 732 | |||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.23%* | 505 | 972 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Baby Generation, Inc. | Common Stock(2) | 1/26/2022 | 23,424 | 18 | 18 | |||||||||||||||||||||||||||
Clutter Inc. | Preferred Stock(2) | 10/18/2018 | 77,434 | 363 | 567 | |||||||||||||||||||||||||||
Preferred Stock | 9/30/2020 | 29,473 | 169 | 169 | ||||||||||||||||||||||||||||
532 | 736 | |||||||||||||||||||||||||||||||
Foodology Inc.(1)(3) | Preferred Stock(2) | 3/25/2022 | 22,948 | 100 | 100 | |||||||||||||||||||||||||||
Good Eggs, Inc. | Preferred Stock(2) | 8/12/2021 | 495,186 | 124 | 238 | |||||||||||||||||||||||||||
Hydrow, Inc. | Common Stock(2) | 2/9/2021 | 103,267 | 143 | 332 | |||||||||||||||||||||||||||
Preferred Stock(2) | 8/6/2021 | 53,903 | 89 | 109 | ||||||||||||||||||||||||||||
232 | 441 | |||||||||||||||||||||||||||||||
JOKR S.à r.l.(1)(3) | Preferred Stock | 10/14/2021 | 10,663 | 273 | 273 | |||||||||||||||||||||||||||
Outdoor Voices, Inc. | Common Stock | 2/26/2019 | 732,387 | 369 | 15 | |||||||||||||||||||||||||||
Project 1920, Inc. | Preferred Stock(2) | 3/25/2022 | 50,820 | 28 | 28 | |||||||||||||||||||||||||||
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 | 84 | |||||||||||||||||||||||||||
The Black Tux, Inc. | Preferred Stock | 11/5/2021 | 142,939 | 139 | 394 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 2/1/2021 | 704,689 | 145 | 415 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.88%* | 2,558 | 3,762 | ||||||||||||||||||||||||||||||
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 | 803 | |||||||||||||||||||||||||||
Total Consumer Retail - 0.22%* | 639 | 930 | ||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||
Sisense, Inc. | Cash Exit Fee(2)(5) | 12/28/2021 | — | 190 | 421 | |||||||||||||||||||||||||||
Total Database Software - 0.10%* | 190 | 421 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of September 30, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Equity Investments(8) | ||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock(2) | 9/21/2021 | 16,438 | $ | 167 | $ | 167 | |||||||||||||||||||||||||
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 - 0.21%* | 804 | 913 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands Holdings, Inc. | Preferred Stock(2) | 7/16/2021 | 822 | 150 | 150 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.03%* | 150 | 150 | ||||||||||||||||||||||||||||||
Communications Software | ||||||||||||||||||||||||||||||||
Pluribus Networks, Inc. | Preferred Stock(2) | 1/10/2017 | 722,073 | 2,000 | 2,000 | |||||||||||||||||||||||||||
Total Communications Software - 0.46%* | 2,000 | 2,000 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Preferred Stock(2) | 11/10/2020 | 14,788 | 150 | 150 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.03%* | 150 | 150 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Printify, Inc. | Preferred Stock(2) | 8/24/2021 | 13,850 | 50 | 50 | |||||||||||||||||||||||||||
Total Commercial Services - 0.01%* | 50 | 50 | ||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Hims & Hers Health, Inc. (f/k/a Hims, Inc.) | Common Stock(2)(10) | 4/29/2019 | 79,258 | 500 | 598 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 1/29/2021 | 35,649 | 500 | 500 | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.25%* | 1,000 | 1,098 | ||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
668 | 805 | |||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 8/9/2021 | 140,059 | 420 | 454 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.29%* | 1,088 | 1,259 | ||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||
Savage X, Inc. | Preferred Stock(2) | 1/20/2021 | 17,249 | 500 | 587 | |||||||||||||||||||||||||||
Total Consumer Retail - 0.14%* | 500 | 587 | ||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 1/17/2019 | 67,934 | 500 | 768 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 0.18%* | 500 | 768 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 11/20/2017 | 331,048 | $ | 940 | $ | 881 | |||||||||||||||||||||||||
Minted, Inc. | Preferred Stock | 9/30/2020 | 51,979 | 516 | 586 | |||||||||||||||||||||||||||
Outfittery GMBH(1)(3) | Cash Exit Fee(2)(5) | 8/10/2017 | — | 1,850 | 2,158 | |||||||||||||||||||||||||||
Rent the Runway, Inc. | Preferred Stock(2) | 11/25/2015 | 88,037 | 213 | 217 | |||||||||||||||||||||||||||
Common Stock(2) | 11/25/2015 | 149,203 | 1,081 | 562 | ||||||||||||||||||||||||||||
1,294 | 779 | |||||||||||||||||||||||||||||||
Stance, Inc. | Preferred Stock(2) | 3/31/2017 | 75,000 | 41 | 70 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock | 11/30/2020 | 229,330 | 762 | 638 | |||||||||||||||||||||||||||
Trendly, Inc. | Preferred Stock | 5/27/2021 | 498,110 | 299 | 613 | |||||||||||||||||||||||||||
Untuckit LLC | Cash Exit Fee(2)(5) | 5/11/2018 | — | 39 | 57 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 1.35%* | 5,741 | 5,782 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 4/2/2018 | 264,140 | 219 | 1,305 | |||||||||||||||||||||||||||
Preferred Stock(2) | 5/22/2019 | 109,114 | 228 | 347 | ||||||||||||||||||||||||||||
447 | 1,652 | |||||||||||||||||||||||||||||||
Merama Inc. | Preferred Stock | 4/28/2021 | 191,274 | 405 | 1,570 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.75%* | 852 | 3,222 | ||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/24/2017 | 278,209 | 922 | 274 | |||||||||||||||||||||||||||
Total Entertainment - 0.06%* | 922 | 274 | ||||||||||||||||||||||||||||||
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 | 220 | |||||||||||||||||||||||||||
Revolut Ltd(1)(3) | Preferred Stock(2) | 4/16/2018 | 6,253 | 40 | 2,366 | |||||||||||||||||||||||||||
Preferred Stock(2) | 10/29/2019 | 7,945 | 324 | 2,425 | ||||||||||||||||||||||||||||
364 | 4,791 | |||||||||||||||||||||||||||||||
WorldRemit Group Limited(1)(3) | Preferred Stock(2) | 12/23/2015 | 128,290 | 382 | 6,601 | |||||||||||||||||||||||||||
Preferred Stock(2) | 12/23/2015 | 46,548 | 136 | 2,190 | ||||||||||||||||||||||||||||
518 | 8,791 | |||||||||||||||||||||||||||||||
Total Financial Institution and Services - 3.43%* | 2,112 | 14,711 | ||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock | 1/17/2020 | 202,533 | 437 | 1,312 | |||||||||||||||||||||||||||
Cash Exit Fee(5) | 12/28/2018 | — | 129 | 242 | ||||||||||||||||||||||||||||
Total Food & Drug - 0.36%* | 566 | 1,554 | ||||||||||||||||||||||||||||||
General Media and Content | ||||||||||||||||||||||||||||||||
Thrillist Media Group, Inc. | Common Stock(2) | 9/24/2014 | 774,352 | 624 | 1,092 | |||||||||||||||||||||||||||
Total General Media and Content - 0.25%* | 624 | 1,092 | ||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||
Found Health, Inc. | Preferred Stock(2) | 3/25/2022 | 49,304 | 22 | 22 | |||||||||||||||||||||||||||
The Pill Club Holdings, Inc. | Common Stock(2) | 12/31/2021 | 152,422 | 61 | 152 | |||||||||||||||||||||||||||
Total Healthcare Services - 0.04%* | 83 | 174 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/23/2019 | 36,020 | 58 | 43 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 11/20/2020 | 1,083,470 | 195 | 542 | |||||||||||||||||||||||||||
Preferred Stock(2) | 3/25/2022 | 419,960 | 160 | 160 | ||||||||||||||||||||||||||||
355 | 702 | |||||||||||||||||||||||||||||||
Thirty Madison, Inc. (f/k/a Nurx Inc.) | Preferred Stock | 8/19/2019 | 102,135 | 270 | 597 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.31%* | 683 | 1,342 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of September 30, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 6/5/2018 | 134,249 | $ | 500 | $ | 977 | |||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 18,518 | 33 | 197 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/19/2021 | 14,490 | 83 | 171 | ||||||||||||||||||||||||||||
Preferred Stock(2) | 9/1/2021 | 10,298 | 167 | 167 | ||||||||||||||||||||||||||||
283 | 535 | |||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.35%* | 783 | 1,512 | ||||||||||||||||||||||||||||||
Educational/Training Software | ||||||||||||||||||||||||||||||||
Nerdy Inc. (f/k/a Varsity Tutors LLC) | Common Stock(2) | 1/5/2018 | 62,258 | 250 | 497 | |||||||||||||||||||||||||||
Total Educational/Training Software - 0.12%* | 250 | 497 | ||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Luminary Roli Limited(1)(3) | Ordinary Shares(2) | 8/31/2021 | 434,782 | 2,525 | — | |||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/9/2020 | 511,665 | 1,000 | 1,177 | |||||||||||||||||||||||||||
Total Entertainment - 0.27%* | 3,525 | 1,177 | ||||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||
Prodigy Investments Limited(1)(3) | Preference Shares(2) | 12/31/2020 | 1,552 | 16,474 | 14,745 | |||||||||||||||||||||||||||
Revolut Ltd(1)(3) | Preferred Stock(2) | 8/3/2017 | 25,920 | 292 | 10,090 | |||||||||||||||||||||||||||
Total Financial Institution and Services - 5.76%* | 16,766 | 24,835 | ||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 7/25/2019 | 75,013 | 500 | 814 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/21/2021 | 5,176 | 75 | 75 | ||||||||||||||||||||||||||||
Total Food & Drug - 0.21%* | 575 | 889 | ||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
600 | 488 | |||||||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock(2) | 8/12/2021 | 209,979 | 250 | 250 | |||||||||||||||||||||||||||
Talkspace, LLC (f/k/a Groop Internet Platfom, Inc.) | Common Stock(2) | 5/15/2019 | 146,752 | 378 | 429 | |||||||||||||||||||||||||||
Nurx Inc. | Preferred Stock(2) | 5/31/2019 | 136,572 | 1,000 | 1,103 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.53%* | 2,228 | 2,270 | ||||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Common Stock(2)(10) | 6/19/2017 | 35,722 | 1,000 | 152 | |||||||||||||||||||||||||||
Total Household & Office Goods - 0.04%* | 1,000 | 152 | ||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 3/24/2017 | 60,342 | 400 | 901 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/7/2020 | 9,022 | 125 | 165 | ||||||||||||||||||||||||||||
Total Network Systems Management Software - 0.25%* | 525 | 1,066 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Ordinary Shares(2) | 3/8/2021 | 92,901 | 1,000 | 964 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.22%* | 1,000 | 964 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock(2) | 5/21/2019 | 29,773 | 313 | 397 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.09%* | 313 | 397 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
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%* | 112 | — | ||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Preferred Stock | 2/28/2020 | 167,221 | 199 | 170 | |||||||||||||||||||||||||||
Total Multimedia and Design Software - 0.04%* | 199 | 170 | ||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 1/10/2020 | 18,945 | 54 | 103 | |||||||||||||||||||||||||||
Signifyd, Inc. | Preferred Stock(2) | 12/19/2019 | 33,445 | 132 | 332 | |||||||||||||||||||||||||||
Total Network Systems Management Software - 0.10%* | 186 | 435 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Ordinary Shares(2) | 3/8/2021 | 64,813 | 161 | 558 | |||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 9/14/2021 | 11 | 324 | 304 | |||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock(2) | 1/18/2019 | 744,225 | 223 | 4,197 | |||||||||||||||||||||||||||
Total Other Financial Services - 1.18%* | 708 | 5,059 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Belong Home, Inc. | Preferred Stock(2) | 2/15/2022 | 7,730 | 6 | 6 | |||||||||||||||||||||||||||
Demain ES (d/b/a Luko)(1)(3) | Preferred Stock(2) | 12/23/2021 | 4,787 | 237 | 232 | |||||||||||||||||||||||||||
HomeLight, Inc. | Preferred Stock(2) | 12/21/2018 | 54,004 | 44 | 369 | |||||||||||||||||||||||||||
Preferred Stock(2) | 11/5/2020 | 55,326 | 76 | 292 | ||||||||||||||||||||||||||||
120 | 661 | |||||||||||||||||||||||||||||||
Homeward, Inc. | Preferred Stock(2) | 12/10/2021 | 71,816 | 278 | 278 | |||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock(2) | 12/28/2018 | 200,480 | 232 | 401 | |||||||||||||||||||||||||||
Preferred Stock(2) | 3/4/2020 | 20,988 | 42 | 28 | ||||||||||||||||||||||||||||
274 | 429 | |||||||||||||||||||||||||||||||
True Footage Inc. | Preferred Stock | 11/24/2021 | 55,098 | 75 | 75 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.39%* | 990 | 1,681 | ||||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Preferred Units | 12/30/2021 | 36,450 | 169 | 165 | |||||||||||||||||||||||||||
OfferUp Inc. | Preferred Stock(2) | 12/23/2019 | 131,006 | 42 | 138 | |||||||||||||||||||||||||||
Total Shopping Facilitators - 0.07%* | 211 | 303 | ||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock(2) | 3/18/2019 | 84,507 | 281 | 151 | |||||||||||||||||||||||||||
Total Social/Platform Software - 0.04%* | 281 | 151 | ||||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||
Bird Global, Inc. (f/k/a Bird Rides, Inc.) | Preferred Stock(2) | 4/18/2019 | 59,908 | 193 | 34 | |||||||||||||||||||||||||||
Total Transportation - 0.01%* | 193 | 34 | ||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Units | 9/18/2019 | 12,027 | 362 | 238 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.06%* | 362 | 238 | ||||||||||||||||||||||||||||||
Total Warrant Investments - 12.30%* | $ | 26,135 | $ | 52,811 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) (dollars in thousands) As of September 30, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Common Stock(2) | 9/24/2021 | 301,247 | $ | 494 | $ | 9,381 | |||||||||||||||||||||||||
Total Security Services - 2.17%* | 494 | 9,381 | ||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock(2) | 10/5/2017 | 2,362 | 300 | 187 | |||||||||||||||||||||||||||
Inspirato, LLC | Preferred Units(2)(4) | 9/11/2014 | 1,948 | 250 | 266 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.11%* | 550 | 453 | ||||||||||||||||||||||||||||||
Total Equity Investments - 11.72%* | $ | 34,251 | $ | 50,568 | ||||||||||||||||||||||||||||
Total Investments in Portfolio Companies - 177.82%*(11) | $ | 741,705 | $ | 767,013 | ||||||||||||||||||||||||||||
Total Investments - 177.82%*(9) | $ | 741,705 | $ | 767,013 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Equity Investments(8) | ||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock(2) | 9/21/2021 | 16,438 | $ | 167 | $ | 167 | |||||||||||||||||||||||||
Convoy, Inc. | Preferred Stock(2) | 9/27/2018 | 35,208 | 250 | 356 | |||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 9/22/2020 | 15,456 | 120 | 158 | |||||||||||||||||||||||||||
Envoy, Inc. | Preferred Stock(2) | 12/30/2021 | 21,216 | 667 | 667 | |||||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 2/4/2022 | 56,353 | 357 | 357 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock(2) | 7/31/2020 | 5,041 | 167 | 264 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock(2) | 6/11/2019 | 1,302 | 100 | 103 | |||||||||||||||||||||||||||
Toast, Inc. | Common Stock(2)(10) | 2/1/2018 | 128,379 | 27 | 2,790 | |||||||||||||||||||||||||||
Uniphore Technologies Inc. | Preferred Stock(2) | 1/28/2022 | 28,233 | 350 | 350 | |||||||||||||||||||||||||||
Total Business Applications Software - 1.21%* | 2,205 | 5,212 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands Holdings, Inc. | Preferred Stock(2) | 7/16/2021 | 822 | 150 | 149 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.03%* | 150 | 149 | ||||||||||||||||||||||||||||||
Communications Software | ||||||||||||||||||||||||||||||||
Pluribus Networks, Inc. | Preferred Stock(2) | 1/10/2017 | 722,073 | 2,000 | 2,000 | |||||||||||||||||||||||||||
Total Communications Software - 0.47%* | 2,000 | 2,000 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Preferred Stock(2) | 11/10/2020 | 14,788 | 150 | 171 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.04%* | 150 | 171 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
JOKR S.à r.l.(1)(3) | Preferred Stock(2) | 12/7/2021 | 2,796 | 187 | 187 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.04%* | 187 | 187 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
MXP Prime GmbH(1)(3) | Preferred Stock(2) | 2/3/2022 | 96 | 1,140 | 1,114 | |||||||||||||||||||||||||||
Printify, Inc. | Preferred Stock(2) | 8/24/2021 | 13,850 | 50 | 50 | |||||||||||||||||||||||||||
Total Commercial Services - 0.27%* | 1,190 | 1,164 | ||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Hims & Hers Health, Inc. (f/k/a Hims, Inc.) | Common Stock(2)(10) | 4/29/2019 | 78,935 | 500 | 421 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 1/29/2021 | 35,649 | 500 | 540 | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.22%* | 1,000 | 961 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 12/14/2020 | 85,542 | 333 | 550 | |||||||||||||||||||||||||||
Preferred Stock(2) | 3/19/2021 | 46,456 | 335 | 381 | ||||||||||||||||||||||||||||
668 | 931 | |||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 8/9/2021 | 140,059 | 420 | 436 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.32%* | 1,088 | 1,367 | ||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||
Savage X, Inc. | Preferred Stock(2) | 1/20/2021 | 17,249 | 500 | 738 | |||||||||||||||||||||||||||
Preferred Stock(2) | 11/30/2021 | 10,393 | 500 | 500 | ||||||||||||||||||||||||||||
Total Consumer Retail - 0.29%* | 1,000 | 1,238 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 1/17/2019 | 67,934 | $ | 500 | $ | 669 | |||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 0.16%* | 500 | 669 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Enjoy Technology, Inc. | Common Stock(2)(10) | 9/7/2018 | 42,414 | 269 | 161 | |||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 6/5/2018 | 134,249 | 500 | 977 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 18,518 | 33 | 197 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/19/2021 | 14,490 | 83 | 171 | ||||||||||||||||||||||||||||
Preferred Stock(2) | 9/1/2021 | 10,298 | 167 | 167 | ||||||||||||||||||||||||||||
283 | 535 | |||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.39%* | 1,052 | 1,673 | ||||||||||||||||||||||||||||||
Educational/Training Software | ||||||||||||||||||||||||||||||||
Nerdy Inc. (f/k/a Varsity Tutors LLC) | Common Stock(2)(10) | 1/5/2018 | 62,258 | 250 | 317 | |||||||||||||||||||||||||||
Total Educational/Training Software - 0.07%* | 250 | 317 | ||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Luminary Roli Limited(1)(3) | Ordinary Shares(2) | 8/31/2021 | 434,782 | 2,525 | — | |||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/9/2020 | 511,665 | 1,000 | 1,177 | |||||||||||||||||||||||||||
Total Entertainment - 0.27%* | 3,525 | 1,177 | ||||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||
Prodigy Investments Limited(1)(3) | Preference Shares(2) | 12/31/2020 | 1,552 | 17,142 | 15,413 | |||||||||||||||||||||||||||
Revolut Ltd(1)(3) | Preferred Stock(2) | 8/3/2017 | 25,920 | 292 | 10,090 | |||||||||||||||||||||||||||
Total Financial Institution and Services - 5.94%* | 17,434 | 25,503 | ||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 7/25/2019 | 75,013 | 500 | 867 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/21/2021 | 5,176 | 75 | 78 | ||||||||||||||||||||||||||||
Total Food & Drug - 0.22%* | 575 | 945 | ||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
600 | 488 | |||||||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock(2) | 8/12/2021 | 209,979 | 250 | 267 | |||||||||||||||||||||||||||
Talkspace, LLC (f/k/a Groop Internet Platfom, Inc.) | Common Stock(2)(10) | 5/15/2019 | 146,752 | 378 | 255 | |||||||||||||||||||||||||||
Thirty Madison, Inc. (f/k/a Nurx Inc.) | Preferred Stock(2) | 5/31/2019 | 81,708 | 1,000 | 950 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.46%* | 2,228 | 1,960 | ||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 3/24/2017 | 60,342 | 400 | 902 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/7/2020 | 9,022 | 125 | 165 | ||||||||||||||||||||||||||||
Total Network Systems Management Software - 0.25%* | 525 | 1,067 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) (unaudited) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Ordinary Shares(2) | 3/8/2021 | 92,901 | $ | 1,000 | $ | 1,536 | |||||||||||||||||||||||||
Ordinary Shares(2) | 1/5/2022 | 26,281 | 516 | 497 | ||||||||||||||||||||||||||||
1,516 | 2,033 | |||||||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 12/9/2021 | 22 | 1,264 | 1,768 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.89%* | 2,780 | 3,801 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock(2) | 5/21/2019 | 29,773 | 313 | 120 | |||||||||||||||||||||||||||
True Footage Inc. | Preferred Stock(2) | 10/18/2021 | 18,366 | 100 | 100 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.05%* | 413 | 220 | ||||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Common Stock(2)(10) | 9/24/2021 | 301,249 | 494 | 6,603 | |||||||||||||||||||||||||||
Total Security Services - 1.54%* | 494 | 6,603 | ||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock(2) | 10/5/2017 | 2,362 | 300 | 187 | |||||||||||||||||||||||||||
Inspirato LLC | Common Stock(2)(4) | 9/11/2014 | 121,622 | 287 | 1,028 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.28%* | 587 | 1,215 | ||||||||||||||||||||||||||||||
Total Equity Investments - 13.41%* | $ | 39,333 | $ | 57,599 | ||||||||||||||||||||||||||||
Total Investments in Portfolio Companies - 187.78%*(11) | $ | 783,694 | $ | 806,447 | ||||||||||||||||||||||||||||
Total Investments - 187.78%*(9) | $ | 783,694 | $ | 806,447 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Growth Capital Loan (8.75% interest rate, 3.25% EOT payment) | 12/16/2021 | $ | 7,000 | $ | 6,917 | $ | 6,917 | 12/31/2024 | |||||||||||||||||||||||||||||
Envoy, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.25% EOT payment) | 5/22/2020 | 949 | 976 | 1,023 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.25% EOT payment) | 3/31/2021 | 2,000 | 1,996 | 2,180 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.25% EOT payment) | 8/30/2021 | 2,000 | 1,968 | 2,180 | 8/31/2024 | |||||||||||||||||||||||||||||||||
4,949 | 4,940 | 5,383 | ||||||||||||||||||||||||||||||||||||
Filevine, Inc. | Growth Capital Loan (6.00% cash interest rate + 6.00% PIK interest, 5.50% EOT payment)(2) | 4/20/2021 | 23,956 | 23,886 | 23,886 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (6.00% cash interest rate + 6.00% PIK interest)(2) | 9/30/2021 | 2,031 | 2,009 | 2,009 | 9/30/2025 | |||||||||||||||||||||||||||||||||
25,987 | 25,895 | 25,895 | ||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.00% EOT payment) | 6/15/2021 | 20,000 | 19,428 | 19,428 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/24/2021 | 338 | 332 | 332 | 9/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/28/2021 | 547 | 536 | 536 | 9/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 10/27/2021 | 278 | 272 | 272 | 10/31/2023 | |||||||||||||||||||||||||||||||||
21,163 | 20,568 | 20,568 | ||||||||||||||||||||||||||||||||||||
Hi.Q, Inc. | Growth Capital Loan (11.75% interest rate, 2.00% EOT payment) | 12/17/2018 | 13,250 | 13,326 | 13,326 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.50% interest rate, 11.75% floor, 1.00% EOT payment) | 12/31/2020 | 6,867 | 6,850 | 6,850 | 8/31/2025 | |||||||||||||||||||||||||||||||||
20,117 | 20,176 | 20,176 | ||||||||||||||||||||||||||||||||||||
OneSource Virtual, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 6/29/2018 | 2,208 | 2,416 | 2,418 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 11/5/2019 | 3,367 | 3,428 | 3,442 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.25% interest rate, 10.00% floor, 2.00% EOT payment) | 1/31/2020 | 2,177 | 2,212 | 2,222 | 1/31/2024 | |||||||||||||||||||||||||||||||||
7,752 | 8,056 | 8,082 | ||||||||||||||||||||||||||||||||||||
Uniphore Technologies Inc. | Growth Capital Loan (11.00% interest rate, 4.00% EOT payment)(2) | 12/22/2021 | 7,000 | 6,917 | 6,917 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 4.00% EOT payment)(2) | 12/22/2021 | 7,000 | 6,917 | 6,917 | 12/31/2024 | |||||||||||||||||||||||||||||||||
14,000 | 13,834 | 13,834 | ||||||||||||||||||||||||||||||||||||
Total Business Applications Software - 23.21%* | 100,968 | 100,386 | 100,855 | |||||||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||||||||
Cart.com, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 6.00% EOT payment) | 12/30/2021 | 20,000 | 19,326 | 19,326 | 12/31/2025 | ||||||||||||||||||||||||||||||||
RenoRun US Inc.(1)(3) | Growth Capital Loan (Prime + 10.50% interest rate, 13.75% floor, 8.25% EOT payment)(2) | 12/30/2021 | 2,250 | 2,164 | 2,164 | 12/31/2025 | ||||||||||||||||||||||||||||||||
Convertible Note (Prime + 4.00% interest rate, 7.25% floor)(2) | 12/30/2021 | 625 | 625 | 625 | 12/30/2023 | |||||||||||||||||||||||||||||||||
2,875 | 2,789 | 2,789 | ||||||||||||||||||||||||||||||||||||
Total Business Products and Services - 5.09%* | 22,875 | 22,115 | 22,115 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/6/2021 | $ | 5,796 | $ | 5,679 | $ | 5,679 | 7/31/2023 | |||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/21/2021 | 438 | 429 | 429 | 7/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 8/10/2021 | 525 | 513 | 513 | 8/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 10/6/2021 | 2,430 | 2,361 | 2,361 | 10/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 11/2/2021 | 1,578 | 1,529 | 1,529 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 11/2/2021 | 4,233 | 4,102 | 4,102 | 11/30/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 12/28/2021 | 1,414 | 1,364 | 1,364 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 12/28/2021 | 540 | 521 | 521 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 12/28/2021 | 95 | 92 | 92 | 12/31/2023 | |||||||||||||||||||||||||||||||||
Total Business/Productivity Software - 3.82%* | 17,049 | 16,590 | 16,590 | |||||||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Growth Capital Loan (8.25% interest rate, 3.75% EOT payment) | 9/24/2021 | 1,333 | 1,313 | 1,313 | 9/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.75% interest rate, 5.25% EOT payment) | 12/30/2021 | 6,667 | 6,448 | 6,448 | 6/30/2025 | |||||||||||||||||||||||||||||||||
Total Computer Hardware - 1.79%* | 8,000 | 7,761 | 7,761 | |||||||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 10/8/2020 | 6,000 | 6,026 | 6,026 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 9/30/2021 | 9,000 | 8,842 | 8,842 | 9/30/2024 | |||||||||||||||||||||||||||||||||
15,000 | 14,868 | 14,868 | ||||||||||||||||||||||||||||||||||||
Thingy Thing Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.25% EOT payment) | 10/27/2021 | 2,000 | 1,972 | 1,972 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Total Consumer Finance - 3.88%* | 17,000 | 16,840 | 16,840 | |||||||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||||||||
Alyk, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 7.25% EOT payment) | 6/16/2021 | 2,500 | 2,486 | 2,486 | 6/30/2025 | ||||||||||||||||||||||||||||||||
Don't Run Out, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 12/30/2021 | 1,000 | 976 | 976 | 6/30/2025 | ||||||||||||||||||||||||||||||||
Imperfect Foods, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 3.50% EOT payment) | 9/30/2020 | 19,000 | 19,021 | 19,021 | 9/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 3.50% EOT payment)(2) | 9/30/2021 | 6,000 | 5,937 | 5,937 | 9/30/2025 | |||||||||||||||||||||||||||||||||
25,000 | 24,958 | 24,958 | ||||||||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 6.54%* | 28,500 | 28,420 | 28,420 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio 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) | 12/23/2020 | $ | 3,000 | $ | 3,025 | $ | 3,025 | 12/31/2023 | |||||||||||||||||||||||||||||
Growth Capital Loan (9.00% interest rate, 7.00% EOT payment) | 3/26/2021 | 5,461 | 5,489 | 5,489 | 3/31/2024 | |||||||||||||||||||||||||||||||||
8,461 | 8,514 | 8,514 | ||||||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 7.75% EOT payment)(2) | 8/12/2021 | 6,000 | 5,889 | 5,889 | 8/31/2025 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 2/9/2021 | 3,350 | 3,385 | 3,385 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment)(2) | 2/9/2021 | 6,700 | 6,652 | 6,652 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment)(2) | 8/10/2021 | 7,475 | 7,433 | 7,433 | 2/28/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment)(2) | 8/31/2021 | 7,475 | 7,423 | 7,423 | 2/28/2025 | |||||||||||||||||||||||||||||||||
25,000 | 24,893 | 24,893 | ||||||||||||||||||||||||||||||||||||
JOKR S.à r.l.(1)(3) | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 6.00% EOT payment) | 11/3/2021 | 3,000 | 2,781 | 2,781 | 11/30/2025 | ||||||||||||||||||||||||||||||||
Revolver (Prime + 4.75% interest rate, 8.00% floor, 2.00% EOT payment)(2) | 11/2/2021 | 504 | 476 | 476 | 10/13/2022 | |||||||||||||||||||||||||||||||||
3,504 | 3,257 | 3,257 | ||||||||||||||||||||||||||||||||||||
Outdoor Voices, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 11.75% EOT payment) | 2/26/2019 | 4,000 | 4,269 | 4,269 | 2/29/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.00% interest rate, 10.25% floor, 10.55% EOT payment) | 4/4/2019 | 5,000 | 5,311 | 5,311 | 2/29/2024 | |||||||||||||||||||||||||||||||||
9,000 | 9,580 | 9,580 | ||||||||||||||||||||||||||||||||||||
The Black Tux, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.00% EOT payment) | 11/5/2021 | 10,000 | 9,769 | 9,769 | 5/31/2026 | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment)(2) | 2/1/2021 | 8,654 | 8,556 | 8,010 | 1/31/2025 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% interest rate, 3.50% EOT payment)(2) | 5/27/2021 | 4,370 | 4,295 | 3,981 | 5/31/2025 | |||||||||||||||||||||||||||||||||
13,024 | 12,851 | 11,991 | ||||||||||||||||||||||||||||||||||||
Total Consumer Products and Services - 17.01%* | 74,989 | 74,753 | 73,893 | |||||||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||||||||
Savage X, Inc. | Growth Capital Loan (Prime + 1.75% interest rate, 6.50% floor, 3.50% EOT payment) | 4/30/2021 | 500 | 512 | 512 | 4/30/2022 | ||||||||||||||||||||||||||||||||
Total Consumer Retail - 0.12%* | 500 | 512 | 512 | |||||||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||||||||
Sisense, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 9.25% EOT payment)(2) | 12/28/2021 | 13,000 | 12,686 | 12,686 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Total Database Software - 2.92%* | 13,000 | 12,686 | 12,686 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 6.50% EOT payment) | 9/29/2021 | $ | 29,000 | $ | 28,493 | $ | 28,493 | 3/31/2025 | |||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 9/30/2020 | 15,000 | 15,028 | 15,028 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment)(2) | 12/30/2021 | 2,500 | 2,392 | 2,392 | 6/30/2025 | |||||||||||||||||||||||||||||||||
17,500 | 17,420 | 17,420 | ||||||||||||||||||||||||||||||||||||
Outfittery GMBH(1)(3) | Growth Capital Loan (5.50% cash interest rate + 5.50% PIK interest, 9.00% EOT payment)(2) | 1/8/2021 | 19,825 | 20,686 | 19,981 | 1/1/2024 | ||||||||||||||||||||||||||||||||
Revolver (4.50% cash interest rate + 4.50% PIK interest, 5.00% EOT payment)(2) | 3/5/2020 | 3,448 | 3,507 | 3,553 | 1/1/2024 | |||||||||||||||||||||||||||||||||
23,273 | 24,193 | 23,534 | ||||||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/4/2020 | 10,500 | 10,396 | 10,396 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/21/2021 | 7,000 | 6,687 | 6,687 | 12/31/2024 | |||||||||||||||||||||||||||||||||
17,500 | 17,083 | 17,083 | ||||||||||||||||||||||||||||||||||||
Trendly, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 8.50% EOT payment) | 5/27/2021 | 19,500 | 19,303 | 19,303 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 24.36%* | 106,773 | 106,492 | 105,833 | |||||||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 5/17/2021 | 4,168 | 4,107 | 4,147 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 6/30/2021 | 1,951 | 1,916 | 1,935 | 6/30/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 8/4/2021 | 4,163 | 4,076 | 4,118 | 8/31/2024 | |||||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 2.35%* | 10,282 | 10,099 | 10,200 | |||||||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||||||||
Luminary Roli Limited(1)(3)(7)(13) | Growth Capital Loan(2) | 8/31/2021 | 35,491 | 29,530 | 11,336 | 8/31/2026 | ||||||||||||||||||||||||||||||||
Mind Candy Limited(1)(3) | Growth Capital Loan (12.00% PIK interest)(2) | 6/25/2014 | 16,163 | 16,125 | 15,916 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest)(2) | 3/17/2020 | 1,177 | 1,177 | 1,138 | 3/31/2023 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (9.00% PIK interest)(2) | 12/21/2020 | 1,098 | 1,098 | 1,040 | 12/31/2023 | |||||||||||||||||||||||||||||||||
18,438 | 18,400 | 18,094 | ||||||||||||||||||||||||||||||||||||
Total Entertainment - 6.77%* | 53,929 | 47,930 | 29,430 | |||||||||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||||||||
Prodigy Investments Limited(1)(3) | Growth Capital Loan (8.00% interest rate)(2) | 12/31/2020 | 32,349 | 31,540 | 31,540 | 12/31/2025 | ||||||||||||||||||||||||||||||||
Total Financial Institution and Services - 7.26%* | 32,349 | 31,540 | 31,540 | |||||||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||||||||
Capsule Corporation | Growth Capital Loan (Prime + 7.75% interest rate, 13.00% floor, 13.00% EOT payment) | 12/30/2020 | 15,000 | 15,005 | 15,005 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Food & Drug - 3.45%* | 15,000 | 15,005 | 15,005 | |||||||||||||||||||||||||||||||||||
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 | 4,974 | 4,974 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | 5,000 | 4,974 | 4,974 | 12/31/2023 | |||||||||||||||||||||||||||||||||
10,000 | 9,948 | 9,948 | ||||||||||||||||||||||||||||||||||||
Thirty Madison, Inc. (f/k/a Nurx Inc.) | Growth Capital Loan (Prime + 4.50% interest rate, 10.00% floor, 7.75% EOT payment) | 11/5/2019 | 13,468 | 14,297 | 14,297 | 11/30/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 9.00% EOT payment) | 12/31/2020 | 10,000 | 10,069 | 10,069 | 12/31/2025 | |||||||||||||||||||||||||||||||||
23,468 | 24,366 | 24,366 | ||||||||||||||||||||||||||||||||||||
Total Healthcare Technology Systems - 7.90%* | 33,468 | 34,314 | 34,314 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
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 | $ | 15,434 | $ | 16,283 | 8/31/2023 | |||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.00% interest rate, 11.25% floor, 6.25% EOT payment) | 11/1/2019 | 15,000 | 15,539 | 16,072 | 10/31/2022 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 10.00% EOT payment) | 11/22/2021 | 9,000 | 9,092 | 9,876 | 6/13/2022 | |||||||||||||||||||||||||||||||||
Total Household & Office Goods - 9.72%* | 39,000 | 40,065 | 42,231 | |||||||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Growth Capital Loan (11.75% interest rate, 7.00% EOT payment) | 3/20/2020 | 10,000 | 10,316 | 10,316 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (10.25% interest rate, 6.25% EOT payment)(2) | 12/31/2020 | 5,000 | 5,015 | 5,015 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Total Multimedia and Design Software - 3.53%* | 15,000 | 15,331 | 15,331 | |||||||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||||||||
Virtual Instruments Corporation | Growth Capital Loan (12.00% interest rate) | 4/4/2016 | 2,065 | 2,065 | 2,082 | 4/4/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (5.00% PIK interest)(2) | 8/7/2018 | 33,587 | 33,587 | 33,700 | 4/4/2022 | |||||||||||||||||||||||||||||||||
Total Network Systems Management Software - 8.24%* | 35,652 | 35,652 | 35,782 | |||||||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Growth Capital Loan (12.00% interest rate)(2) | 3/8/2021 | 7,035 | 6,832 | 6,560 | 3/8/2031 | ||||||||||||||||||||||||||||||||
N26 GmbH(1)(3) | Growth Capital Loan (Prime + 3.75% interest rate, 7.00% floor, 4.00% EOT payment)(2) | 9/14/2021 | 26,667 | 26,509 | 25,450 | 9/30/2022 | ||||||||||||||||||||||||||||||||
Total Other Financial Services - 7.37%* | 33,702 | 33,341 | 32,010 | |||||||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||||||||
Demain ES (d/b/a Luko)(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment)(2) | 12/28/2021 | 4,535 | 4,375 | 4,376 | 12/28/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment)(2) | 12/28/2021 | 5,669 | 5,469 | 5,471 | 12/28/2024 | |||||||||||||||||||||||||||||||||
10,204 | 9,844 | 9,847 | ||||||||||||||||||||||||||||||||||||
Homeward, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 9.75% EOT payment)(2) | 12/30/2021 | 10,000 | 9,717 | 9,717 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Sonder USA, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 10.50% floor, 5.25% EOT payment) | 12/28/2018 | 5,407 | 6,352 | 6,511 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 3,893 | 3,991 | 4,283 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (Prime + 5.75% interest rate, 10.25% floor, 4.75% EOT payment) | 3/6/2020 | 1,557 | 1,591 | 1,713 | 3/31/2024 | |||||||||||||||||||||||||||||||||
10,857 | 11,934 | 12,507 | ||||||||||||||||||||||||||||||||||||
True Footage Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 250 | 244 | 244 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/3/2021 | 800 | 779 | 779 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 220 | 214 | 214 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/13/2021 | 105 | 102 | 102 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/13/2021 | 440 | 428 | 428 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/15/2021 | 208 | 203 | 203 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/15/2021 | 150 | 146 | 146 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/15/2021 | 1,372 | 1,336 | 1,336 | 12/31/2024 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/21/2021 | 760 | 740 | 740 | 12/31/2024 | |||||||||||||||||||||||||||||||||
4,305 | 4,192 | 4,192 | ||||||||||||||||||||||||||||||||||||
Total Real Estate Services - 8.35%* | 35,366 | 35,687 | 36,263 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Portfolio Company | Type of Investment | Acquisition Date(12) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 3/27/2019 | $ | 10,000 | $ | 10,367 | $ | 10,522 | 9/30/2025 | |||||||||||||||||||||||||||||
Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 9/30/2019 | 10,000 | 10,261 | 10,423 | 12/31/2025 | |||||||||||||||||||||||||||||||||
Growth Capital Loan (8.00% interest rate, 9.00% EOT payment) | 12/23/2019 | 10,000 | 10,220 | 10,381 | 12/31/2025 | |||||||||||||||||||||||||||||||||
Total Security Services - 7.21%* | 30,000 | 30,848 | 31,326 | |||||||||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.00% EOT payment) | 12/30/2021 | 27,500 | 27,335 | 27,335 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Total Shopping Facilitators - 6.29%* | 27,500 | 27,335 | 27,335 | |||||||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 10/30/2019 | 20,000 | 20,496 | 20,496 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 3/27/2020 | 10,000 | 10,154 | 10,154 | 3/31/2024 | |||||||||||||||||||||||||||||||||
Convertible Note (5.00% interest rate)(2) | 8/11/2020 | 300 | 300 | 300 | 2/11/2023 | |||||||||||||||||||||||||||||||||
Total Travel & Leisure - 7.12%* | 30,300 | 30,950 | 30,950 | |||||||||||||||||||||||||||||||||||
Total Debt Investments - 174.28%* | $ | 781,202 | $ | 774,652 | $ | 757,222 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Portfolio 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%* | 35 | 13 | ||||||||||||||||||||||||||||||
Building Materials/Construction Machinery | ||||||||||||||||||||||||||||||||
View, Inc. | Common Stock(2) | 6/13/2017 | 105,682 | 500 | 2 | |||||||||||||||||||||||||||
Total Building Materials/Construction Machinery - 0.00%* | 500 | 2 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands Holdings, Inc. | Preferred Stock | 7/6/2021 | 9,457 | 556 | 654 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.15%* | 556 | 654 | ||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock | 12/10/2021 | 55,458 | 138 | 138 | |||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 8/3/2020 | 28,980 | 102 | 117 | |||||||||||||||||||||||||||
Envoy, Inc. | Preferred Stock | 5/8/2020 | 35,893 | 82 | 401 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock(2) | 1/3/2020 | 37,666 | 33 | 1,086 | |||||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 4/20/2021 | 186,160 | 38 | 229 | |||||||||||||||||||||||||||
FinancialForce.com, Inc. | Preferred Stock(2) | 6/20/2016 | 547,440 | 1,540 | 2,480 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock | 6/15/2021 | 210,977 | 810 | 810 | |||||||||||||||||||||||||||
Hi.Q, Inc. | Preferred Stock | 12/17/2018 | 606,952 | 196 | 886 | |||||||||||||||||||||||||||
Preferred Stock | 12/31/2020 | 36,498 | 45 | 38 | ||||||||||||||||||||||||||||
241 | 924 | |||||||||||||||||||||||||||||||
Narvar, Inc. | Preferred Stock(2) | 8/28/2020 | 21,790 | 102 | 102 | |||||||||||||||||||||||||||
OneSource Virtual, Inc. | Preferred Stock | 6/25/2018 | 70,773 | 161 | 456 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock(2) | 9/28/2018 | 21,929 | 303 | 590 | |||||||||||||||||||||||||||
Quantcast Corporation | Cash Exit Fee(2)(5) | 8/9/2018 | — | 213 | 161 | |||||||||||||||||||||||||||
Uniphore Technologies Inc. | Common Stock(2) | 12/22/2021 | 35,000 | 34 | 34 | |||||||||||||||||||||||||||
Total Business Applications Software - 1.73%* | 3,797 | 7,528 | ||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||
Cart.com, Inc. | Common Stock | 12/30/2021 | 32,731 | 477 | 477 | |||||||||||||||||||||||||||
RenoRun Inc.(1)(3) | Preferred Stock(2) | 12/30/2021 | 15,906 | 348 | 348 | |||||||||||||||||||||||||||
Total Business Products and Services - 0.19%* | 825 | 825 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
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 - 0.03%* | 120 | 144 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Transfix, Inc. | Preferred Stock(2) | 5/31/2019 | 133,502 | 188 | 188 | |||||||||||||||||||||||||||
Total Commercial Services - 0.04%* | 188 | 188 | ||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Preferred Stock | 3/16/2021 | 27,878 | 183 | 183 | |||||||||||||||||||||||||||
Total Computer Hardware - 0.04%* | 183 | 183 | ||||||||||||||||||||||||||||||
Conferencing Equipment / Services | ||||||||||||||||||||||||||||||||
Fuze, Inc. (f/k/a Thinking Phone Networks, Inc.) | Preferred Stock(2) | 9/29/2015 | 323,381 | 670 | 205 | |||||||||||||||||||||||||||
Total Conferencing Equipment / Services - 0.05%* | 670 | 205 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Preferred Stock | 10/8/2020 | 86,268 | $ | 226 | $ | 317 | |||||||||||||||||||||||||
Thingy Thing Inc. | Preferred Stock | 10/21/2021 | 5,855 | 17 | 17 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.08%* | 243 | 334 | ||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Alyk, Inc. | Preferred Stock | 6/16/2021 | 61,096 | 21 | 21 | |||||||||||||||||||||||||||
Don't Run Out, Inc. | Preferred Stock(2) | 12/30/2021 | 18,398 | 14 | 14 | |||||||||||||||||||||||||||
Hims & Hers Health, Inc. (f/k/a Hims, Inc.) | Preferred Stock(2) | 11/27/2019 | 98,723 | 73 | 287 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 6/6/2019 | 49,709 | 189 | 321 | |||||||||||||||||||||||||||
Common Stock | 9/30/2020 | 48,391 | 208 | 411 | ||||||||||||||||||||||||||||
397 | 732 | |||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.24%* | 505 | 1,054 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Clutter Inc. | Preferred Stock(2) | 10/18/2018 | 77,434 | 363 | 567 | |||||||||||||||||||||||||||
Preferred Stock | 9/30/2020 | 29,473 | 169 | 169 | ||||||||||||||||||||||||||||
532 | 736 | |||||||||||||||||||||||||||||||
Good Eggs, Inc. | Preferred Stock(2) | 8/12/2021 | 495,186 | 124 | 238 | |||||||||||||||||||||||||||
Hydrow, Inc. | Common Stock(2) | 2/9/2021 | 103,267 | 143 | 332 | |||||||||||||||||||||||||||
Preferred Stock(2) | 8/6/2021 | 53,903 | 89 | 109 | ||||||||||||||||||||||||||||
232 | 441 | |||||||||||||||||||||||||||||||
JOKR S.à r.l.(1)(3) | Preferred Stock | 10/14/2021 | 10,663 | 273 | 273 | |||||||||||||||||||||||||||
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 | 84 | |||||||||||||||||||||||||||
The Black Tux, Inc. | Preferred Stock | 11/5/2021 | 142,939 | 139 | 139 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 2/1/2021 | 704,689 | 145 | 424 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.78%* | 2,412 | 3,370 | ||||||||||||||||||||||||||||||
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 | 803 | |||||||||||||||||||||||||||
Total Consumer Retail - 0.21%* | 639 | 930 | ||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||
Sisense, Inc. | Cash Exit Fee(2)(5) | 12/28/2021 | — | 190 | 190 | |||||||||||||||||||||||||||
Total Database Software - 0.04%* | 190 | 190 | ||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 11/20/2017 | 331,048 | 940 | 881 | |||||||||||||||||||||||||||
Minted, Inc. | Preferred Stock | 9/30/2020 | 51,979 | 516 | 586 | |||||||||||||||||||||||||||
Outfittery GMBH(1)(3) | Cash Exit Fee(2)(5) | 8/10/2017 | — | 1,850 | 2,203 | |||||||||||||||||||||||||||
Rent the Runway, Inc. | Preferred Stock(2) | 11/25/2015 | 88,037 | 213 | 211 | |||||||||||||||||||||||||||
Common Stock(2) | 11/25/2015 | 149,203 | 1,081 | 533 | ||||||||||||||||||||||||||||
1,294 | 744 | |||||||||||||||||||||||||||||||
Stance, Inc. | Preferred Stock(2) | 3/31/2017 | 75,000 | 41 | 70 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock | 11/30/2020 | 163,807 | 580 | 599 | |||||||||||||||||||||||||||
Trendly, Inc. | Preferred Stock | 5/27/2021 | 498,110 | 299 | 299 | |||||||||||||||||||||||||||
Untuckit LLC | Cash Exit Fee(2)(5) | 5/11/2018 | — | 39 | 57 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 1.25%* | 5,559 | 5,439 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 4/2/2018 | 264,140 | $ | 219 | $ | 1,305 | |||||||||||||||||||||||||
Preferred Stock(2) | 5/22/2019 | 109,114 | 228 | 347 | ||||||||||||||||||||||||||||
447 | 1,652 | |||||||||||||||||||||||||||||||
Merama Inc. | Preferred Stock | 4/28/2021 | 191,274 | 406 | 1,570 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.74%* | 853 | 3,222 | ||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/24/2017 | 278,209 | 922 | 274 | |||||||||||||||||||||||||||
Total Entertainment - 0.06%* | 922 | 274 | ||||||||||||||||||||||||||||||
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 | 220 | |||||||||||||||||||||||||||
Revolut Ltd(1)(3) | Preferred Stock(2) | 4/16/2018 | 6,253 | 40 | 2,366 | |||||||||||||||||||||||||||
Preferred Stock(2) | 10/29/2019 | 7,945 | 324 | 2,425 | ||||||||||||||||||||||||||||
364 | 4,791 | |||||||||||||||||||||||||||||||
WorldRemit Group Limited(1)(3) | Preferred Stock(2) | 12/23/2015 | 128,288 | 382 | 6,791 | |||||||||||||||||||||||||||
Preferred Stock(2) | 12/23/2015 | 46,548 | 136 | 2,253 | ||||||||||||||||||||||||||||
518 | 9,044 | |||||||||||||||||||||||||||||||
Total Financial Institution and Services - 3.44%* | 2,112 | 14,964 | ||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock | 1/17/2020 | 202,533 | 437 | 1,177 | |||||||||||||||||||||||||||
Cash Exit Fee(5) | 12/28/2018 | — | 129 | 245 | ||||||||||||||||||||||||||||
Total Food & Drug - 0.33%* | 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 - 0.25%* | 625 | 1,092 | ||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||
The Pill Club Holdings, Inc. | Common Stock(2) | 12/31/2021 | 152,422 | 61 | 61 | |||||||||||||||||||||||||||
Total Healthcare Services - 0.01%* | 61 | 61 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/23/2019 | 36,020 | 58 | 43 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 11/20/2020 | 1,083,470 | 195 | 542 | |||||||||||||||||||||||||||
Thirty Madison, Inc. (f/k/a Nurx Inc.) | Preferred Stock | 8/19/2019 | 170,716 | 270 | 372 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.22%* | 523 | 957 | ||||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Preferred Stock | 3/1/2019 | 21,736 | 240 | — | |||||||||||||||||||||||||||
Total Household & Office Goods - 0.00%* | 240 | — | ||||||||||||||||||||||||||||||
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%* | 112 | — | ||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||
Pencil and Pixel, Inc. | Preferred Stock | 2/28/2020 | 179,211 | 199 | 288 | |||||||||||||||||||||||||||
Total Multimedia and Design Software - 0.07%* | 199 | 288 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Warrant | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 1/10/2020 | 18,945 | $ | 54 | $ | 103 | |||||||||||||||||||||||||
Signifyd, Inc. | Preferred Stock(2) | 12/19/2019 | 33,445 | 132 | 332 | |||||||||||||||||||||||||||
Total Network Systems Management Software - 0.10%* | 186 | 435 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Ordinary Shares(2) | 3/8/2021 | 64,813 | 161 | 573 | |||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 9/14/2021 | 11 | 324 | 310 | |||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock(2) | 1/18/2019 | 744,225 | 223 | 4,197 | |||||||||||||||||||||||||||
Total Other Financial Services - 1.17%* | 708 | 5,080 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Demain ES (d/b/a Luko)(1)(3) | Preferred Stock(2) | 12/23/2021 | 4,787 | 237 | 237 | |||||||||||||||||||||||||||
HomeLight, Inc. | Preferred Stock(2) | 12/21/2018 | 54,004 | 44 | 369 | |||||||||||||||||||||||||||
Preferred Stock(2) | 11/5/2020 | 55,326 | 76 | 292 | ||||||||||||||||||||||||||||
120 | 661 | |||||||||||||||||||||||||||||||
Homeward, Inc. | Preferred Stock(2) | 12/10/2021 | 71,816 | 278 | 278 | |||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock | 12/28/2018 | 136,511 | 232 | 743 | |||||||||||||||||||||||||||
Preferred Stock | 3/4/2020 | 14,291 | 42 | 56 | ||||||||||||||||||||||||||||
274 | 799 | |||||||||||||||||||||||||||||||
True Footage Inc. | Preferred Stock | 11/24/2021 | 55,098 | 75 | 75 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.47%* | 984 | 2,050 | ||||||||||||||||||||||||||||||
Shopping Facilitators | ||||||||||||||||||||||||||||||||
Moda Operandi, Inc. | Preferred Units | 12/30/2021 | 36,450 | 169 | 169 | |||||||||||||||||||||||||||
OfferUp Inc. | Preferred Stock(2) | 12/23/2019 | 131,006 | 42 | 138 | |||||||||||||||||||||||||||
Total Shopping Facilitators - 0.07%* | 211 | 307 | ||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock(2) | 3/18/2019 | 84,507 | 281 | 151 | |||||||||||||||||||||||||||
Total Social/Platform Software - 0.03%* | 281 | 151 | ||||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||
Bird Global, Inc. (f/k/a Bird Rides, Inc.) | Preferred Stock(2) | 4/18/2019 | 59,908 | 193 | 111 | |||||||||||||||||||||||||||
Total Transportation - 0.03%* | 193 | 111 | ||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Units | 9/18/2019 | 12,027 | 362 | 238 | |||||||||||||||||||||||||||
Inspirato LLC | Preferred Units(2) | 4/25/2013 | 1,994 | 37 | 45 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.07%* | 399 | 283 | ||||||||||||||||||||||||||||||
Total Warrant Investments - 11.91%* | $ | 25,597 | $ | 51,756 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Equity Investments(8) | ||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock(2) | 9/21/2021 | 16,438 | $ | 167 | $ | 167 | |||||||||||||||||||||||||
Convoy, Inc. | Preferred Stock(2) | 9/27/2018 | 35,208 | 250 | 356 | |||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 9/22/2020 | 15,456 | 120 | 158 | |||||||||||||||||||||||||||
Envoy, Inc. | Preferred Stock(2) | 12/30/2021 | 21,216 | 667 | 667 | |||||||||||||||||||||||||||
Farmer's Business Network, Inc. | Preferred Stock(2) | 7/31/2020 | 5,041 | 167 | 264 | |||||||||||||||||||||||||||
Passport Labs, Inc. | Preferred Stock(2) | 6/11/2019 | 1,302 | 100 | 103 | |||||||||||||||||||||||||||
Toast, Inc. | Preferred Stock(2) | 2/1/2018 | 128,379 | 27 | 4,011 | |||||||||||||||||||||||||||
Total Business Applications Software - 1.32%* | 1,498 | 5,726 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands Holdings, Inc. | Preferred Stock(2) | 7/16/2021 | 822 | 150 | 149 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.03%* | 150 | 149 | ||||||||||||||||||||||||||||||
Communications Software | ||||||||||||||||||||||||||||||||
Pluribus Networks, Inc. | Preferred Stock(2) | 1/10/2017 | 722,073 | 2,000 | 2,000 | |||||||||||||||||||||||||||
Total Communications Software - 0.46%* | 2,000 | 2,000 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Preferred Stock(2) | 11/10/2020 | 14,788 | 150 | 171 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.04%* | 150 | 171 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
JOKR S.à r.l.(1)(3) | Preferred Stock(2) | 12/7/2021 | 2,796 | 187 | 187 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.04%* | 187 | 187 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Printify, Inc. | Preferred Stock(2) | 8/24/2021 | 13,850 | 50 | 50 | |||||||||||||||||||||||||||
Total Commercial Services - 0.01%* | 50 | 50 | ||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Hims & Hers Health, Inc. (f/k/a Hims, Inc.) | Common Stock(2)(10) | 4/29/2019 | 78,935 | 500 | 517 | |||||||||||||||||||||||||||
Imperfect Foods, Inc. | Preferred Stock(2) | 1/29/2021 | 35,649 | 500 | 540 | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.24%* | 1,000 | 1,057 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 12/14/2020 | 85,542 | 333 | 550 | |||||||||||||||||||||||||||
Preferred Stock(2) | 3/19/2021 | 46,456 | 335 | 381 | ||||||||||||||||||||||||||||
668 | 931 | |||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 8/9/2021 | 140,059 | 420 | 445 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.32%* | 1,088 | 1,376 | ||||||||||||||||||||||||||||||
Consumer Retail | ||||||||||||||||||||||||||||||||
Savage X, Inc. | Preferred Stock(2) | 1/20/2021 | 17,249 | 500 | 738 | |||||||||||||||||||||||||||
Preferred Stock(2) | 11/30/2021 | 10,393 | 500 | 500 | ||||||||||||||||||||||||||||
Total Consumer Retail - 0.28%* | 1,000 | 1,238 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock(2) | 1/17/2019 | 67,934 | $ | 500 | $ | 669 | |||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 0.15%* | 500 | 669 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Enjoy Technology, Inc. | Common Stock(2) | 9/7/2018 | 42,414 | 269 | 157 | |||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 6/5/2018 | 134,249 | 500 | 977 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 18,518 | 33 | 197 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/19/2021 | 14,490 | 83 | 171 | ||||||||||||||||||||||||||||
Preferred Stock(2) | 9/1/2021 | 10,298 | 167 | 167 | ||||||||||||||||||||||||||||
283 | 535 | |||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.38%* | 1,052 | 1,669 | ||||||||||||||||||||||||||||||
Educational/Training Software | ||||||||||||||||||||||||||||||||
Nerdy Inc. (f/k/a Varsity Tutors LLC) | Common Stock(2) | 1/5/2018 | 62,258 | 250 | 252 | |||||||||||||||||||||||||||
Total Educational/Training Software - 0.06%* | 250 | 252 | ||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Luminary Roli Limited(1)(3)(13) | Ordinary Shares(2) | 8/31/2021 | 434,782 | 2,525 | — | |||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/9/2020 | 511,665 | 1,000 | 1,177 | |||||||||||||||||||||||||||
Total Entertainment - 0.27%* | 3,525 | 1,177 | ||||||||||||||||||||||||||||||
Financial Institution and Services | ||||||||||||||||||||||||||||||||
Prodigy Investments Limited(1)(3) | Preference Shares(2) | 12/31/2020 | 1,552 | 16,808 | 15,079 | |||||||||||||||||||||||||||
Revolut Ltd(1)(3) | Preferred Stock(2) | 8/3/2017 | 25,920 | 292 | 10,090 | |||||||||||||||||||||||||||
Total Financial Institution and Services - 5.79%* | 17,100 | 25,169 | ||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 7/25/2019 | 75,013 | 500 | 814 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/21/2021 | 5,176 | 75 | 75 | ||||||||||||||||||||||||||||
Total Food & Drug - 0.20%* | 575 | 889 | ||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
600 | 488 | |||||||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock(2) | 8/12/2021 | 209,979 | 250 | 267 | |||||||||||||||||||||||||||
Talkspace, LLC (f/k/a Groop Internet Platfom, Inc.) | Common Stock(2)(10) | 5/15/2019 | 146,752 | 378 | 289 | |||||||||||||||||||||||||||
Thirty Madison, Inc. (f/k/a Nurx Inc.) | Preferred Stock(2) | 5/31/2019 | 136,572 | 1,000 | 1,103 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.49%* | 2,228 | 2,147 | ||||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Common Stock(2)(10) | 6/19/2017 | 35,722 | 1,000 | 239 | |||||||||||||||||||||||||||
Total Household & Office Goods - 0.06%* | 1,000 | 239 | ||||||||||||||||||||||||||||||
Network Systems Management Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 3/24/2017 | 60,342 | 400 | 901 | |||||||||||||||||||||||||||
Preferred Stock(2) | 4/7/2020 | 9,022 | 125 | 165 | ||||||||||||||||||||||||||||
Total Network Systems Management Software - 0.25%* | 525 | 1,066 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Portfolio Company | Type of Equity | Acquisition Date(12) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Monzo Bank Limited(1)(3) | Ordinary Shares(2) | 3/8/2021 | 92,901 | $ | 1,000 | $ | 1,580 | |||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 12/9/2021 | 22 | 1,264 | 1,804 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.78%* | 2,264 | 3,384 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock(2) | 5/21/2019 | 29,773 | 313 | 238 | |||||||||||||||||||||||||||
True Footage Inc. | Preferred Stock(2) | 10/18/2021 | 18,366 | 100 | 100 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.08%* | 413 | 338 | ||||||||||||||||||||||||||||||
Security Services | ||||||||||||||||||||||||||||||||
ForgeRock, Inc. | Common Stock(2) | 9/24/2021 | 301,249 | 495 | 6,956 | |||||||||||||||||||||||||||
Total Security Services - 1.60%* | 495 | 6,956 | ||||||||||||||||||||||||||||||
Travel & Leisure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock(2) | 10/5/2017 | 2,362 | 300 | 187 | |||||||||||||||||||||||||||
Inspirato LLC | Preferred Units(2)(4) | 9/11/2014 | 1,948 | 250 | 266 | |||||||||||||||||||||||||||
Total Travel & Leisure - 0.10%* | 550 | 453 | ||||||||||||||||||||||||||||||
Total Equity Investments - 12.97%* | $ | 37,600 | $ | 56,362 | ||||||||||||||||||||||||||||
Total Investments in Portfolio Companies - 199.16%*(11) | $ | 837,849 | $ | 865,340 | ||||||||||||||||||||||||||||
Total Investments - 199.16%*(9) | $ | 837,849 | $ | 865,340 |
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||||||||
Portfolio 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. (d/b/a Earnin) | 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, 2020 | ||||||||||||||||||||||||||||||||||||||
Portfolio 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, 2020 | ||||||||||||||||||||||||||||||||||||||
Portfolio 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, 2020 | ||||||||||||||||||||||||||||||||||||||
Portfolio 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, 2020 | ||||||||||||||||||||||||||||||||
Portfolio 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%* | 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%* | 500 | 71 | ||||||||||||||||||||||||||||||
Buildings and Property | ||||||||||||||||||||||||||||||||
Knotel, Inc. | Preferred Stock | 2/19/2019 | 360,260 | 159 | — | |||||||||||||||||||||||||||
Total Buildings and Property - 0.00%* | 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 | ||||||||||||||||||||||||||||
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%* | 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%* | 206 | 200 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Transfix, Inc. | Preferred Stock | 5/31/2019 | 133,502 | 188 | 188 | |||||||||||||||||||||||||||
Total Commercial Services - 0.05%* | 188 | 188 | ||||||||||||||||||||||||||||||
Conferencing Equipment / Services | ||||||||||||||||||||||||||||||||
Fuze, Inc. (f/k/a Thinking Phone Networks, Inc.) | Preferred Stock(2) | 9/29/2015 | 323,381 | 670 | 205 | |||||||||||||||||||||||||||
Total Conferencing Equipment / Services - 0.05%* | 670 | 205 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | 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%* | 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 | ||||||||||||||||||||||||||||
397 | 629 | |||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.26%* | 470 | 1,054 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Portfolio 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 | ||||||||||||||||||||||||||||
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%* | 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%* | 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 | ||||||||||||||||||||||||||||
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%* | 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 | ||||||||||||||||||||||||||||
396 | 1,347 | |||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.42%* | 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%* | 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%* | 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 | ||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
518 | 615 | |||||||||||||||||||||||||||||||
Total Financial Institution and Services - 0.52%* | 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%* | 566 | 678 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Portfolio 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%* | 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%* | 651 | 721 | ||||||||||||||||||||||||||||||
Household & Office Goods | ||||||||||||||||||||||||||||||||
Casper Sleep Inc. | Preferred Stock | 3/1/2019 | 21,736 | 240 | 17 | |||||||||||||||||||||||||||
Total Household & Office Goods - 0.00%* | 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%* | 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%* | 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%* | 186 | 386 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock | 1/18/2019 | 744,225 | 223 | 193 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.05%* | 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 | ||||||||||||||||||||||||||||
88 | 157 | |||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock | 12/28/2018 | 136,511 | 232 | 613 | |||||||||||||||||||||||||||
Preferred Stock | 3/4/2020 | 14,291 | 42 | 42 | ||||||||||||||||||||||||||||
274 | 655 | |||||||||||||||||||||||||||||||
Total Real Estate Services - 0.20%* | 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%* | 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%* | 385 | 203 | ||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock | 3/18/2019 | 84,507 | 281 | 151 | |||||||||||||||||||||||||||
Total Social/Platform Software - 0.04%* | 281 | 151 | ||||||||||||||||||||||||||||||
Transportation | ||||||||||||||||||||||||||||||||
Bird Rides, Inc. | Preferred Stock(2) | 4/18/2019 | 68,111 | 193 | 55 | |||||||||||||||||||||||||||
Total Transportation - 0.01%* | 193 | 55 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Portfolio 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%* | 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, 2020 | ||||||||||||||||||||||||||||||||
Portfolio 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%* | 637 | 746 | ||||||||||||||||||||||||||||||
Communications Software | ||||||||||||||||||||||||||||||||
Pluribus Networks, Inc. | Preferred Stock(2) | 1/10/2017 | 722,073 | 2,000 | 2,000 | |||||||||||||||||||||||||||
Total Communications Software - 0.50%* | 2,000 | 2,000 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Preferred Stock(2) | 11/10/2020 | 14,788 | 150 | 150 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.04%* | 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%* | 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%* | 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%* | 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%* | 500 | 977 | ||||||||||||||||||||||||||||||
Educational/Training Software | ||||||||||||||||||||||||||||||||
Varsity Tutors LLC | Preferred Stock(2) | 1/5/2018 | 92,470 | 250 | 256 | |||||||||||||||||||||||||||
Total Educational/Training Software - 0.06%* | 250 | 256 | ||||||||||||||||||||||||||||||
Entertainment | ||||||||||||||||||||||||||||||||
Mind Candy, Inc.(1)(3) | Preferred Stock(2) | 3/9/2020 | 511,665 | 1,000 | 1,003 | |||||||||||||||||||||||||||
Total Entertainment - 0.25%* | 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%* | 2,426 | 2,104 | ||||||||||||||||||||||||||||||
Food & Drug | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 7/25/2019 | 75,013 | 500 | 500 | |||||||||||||||||||||||||||
Total Food & Drug - 0.12%* | 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 | ||||||||||||||||||||||||||||
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%* | 1,850 | 2,145 | ||||||||||||||||||||||||||||||
TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2020 | ||||||||||||||||||||||||||||||||
Portfolio 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%* | 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%* | 525 | 730 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Sonder Holdings Inc. | Preferred Stock(2) | 5/21/2019 | 29,773 | 312 | 313 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.08%* | 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%* | 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 |
Management and Incentive Fees (in thousands) | Management and Incentive Fees (in thousands) | For the Three Months Ended September 30, | For the Nine Months Ended September 30, | Management and Incentive Fees (in thousands) | For the Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
Base management fee | Base management fee | $ | 3,177 | $ | 3,347 | $ | 9,248 | $ | 9,357 | Base management fee | $ | 3,717 | $ | 2,924 | ||||||||||||||||||||||||||
Income incentive fee | Income incentive fee | $ | 2,472 | $ | 3,051 | $ | 7,049 | $ | 5,935 | Income incentive fee | $ | 3,387 | $ | 2,227 | ||||||||||||||||||||||||||
Capital gains incentive fee | Capital gains incentive fee | $ | — | $ | — | $ | — | $ | — | Capital gains incentive fee | $ | — | $ | — |
Investment Type (in thousands) | Investment Type (in thousands) | September 30, 2021 | December 31, 2020 | Investment Type (in thousands) | March 31, 2022 | December 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt investments | Debt investments | $ | — | $ | — | $ | 664,783 | $ | 664,783 | $ | — | $ | — | $ | 583,335 | $ | 583,335 | Debt investments | $ | — | $ | — | $ | 696,037 | $ | 696,037 | $ | — | $ | — | $ | 757,222 | $ | 757,222 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant investments | Warrant investments | — | — | 51,662 | 51,662 | — | — | 24,231 | 24,231 | Warrant investments | — | — | 52,811 | 52,811 | — | — | 51,756 | 51,756 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity investments | Equity investments | 750 | 10,307 | 39,511 | 50,568 | 220 | — | 25,993 | 26,213 | Equity investments | 10,547 | 1,148 | 45,904 | 57,599 | 1,045 | 11,375 | 43,942 | 56,362 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investments | Total investments | $ | 750 | $ | 10,307 | $ | 755,956 | $ | 767,013 | $ | 220 | $ | — | $ | 633,559 | $ | 633,779 | Total investments | $ | 10,547 | $ | 1,148 | $ | 794,752 | $ | 806,447 | $ | 1,045 | $ | 11,375 | $ | 852,920 | $ | 865,340 |
Level 3 Investment Activity (in thousands) | Level 3 Investment Activity (in thousands) | For the Nine Months Ended September 30, 2021 | Level 3 Investment Activity (in thousands) | For the Three Months Ended March 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments | Warrant Investments | Equity Investments | Total Investments | Debt Investments | Warrant Investments | Equity Investments | Total Investments | |||||||||||||||||||||||||||||||||||||||||||||
Fair value as of December 31, 2020 | $ | 583,335 | $ | 24,231 | $ | 25,993 | $ | 633,559 | ||||||||||||||||||||||||||||||||||||||||||||
Fair value as of December 31, 2021 | Fair value as of December 31, 2021 | $ | 757,222 | $ | 51,756 | $ | 43,942 | $ | 852,920 | |||||||||||||||||||||||||||||||||||||||||||
Funding and purchases of investments, at cost | Funding and purchases of investments, at cost | 244,060 | 5,519 | 4,684 | 254,263 | Funding and purchases of investments, at cost | 61,459 | 814 | 2,696 | 64,969 | ||||||||||||||||||||||||||||||||||||||||||
Principal payments and sale proceeds received from investments | Principal payments and sale proceeds received from investments | (167,437) | (65) | (18) | (167,520) | Principal payments and sale proceeds received from investments | (121,402) | — | — | (121,402) | ||||||||||||||||||||||||||||||||||||||||||
Amortization and accretion of premiums and discounts, net and end-of term payments | 5,015 | — | — | 5,015 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net amortization and accretion of premiums and discounts and end-of term payments | Net amortization and accretion of premiums and discounts and end-of term payments | 1,934 | — | — | 1,934 | |||||||||||||||||||||||||||||||||||||||||||||||
Net realized gains (losses) on investments | Net realized gains (losses) on investments | (15,459) | (1,231) | (2,116) | (18,806) | Net realized gains (losses) on investments | — | (240) | — | (240) | ||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) included in earnings | Net change in unrealized gains (losses) included in earnings | 11,464 | 23,831 | 9,856 | 45,151 | Net change in unrealized gains (losses) included in earnings | (4,759) | 518 | (231) | (4,472) | ||||||||||||||||||||||||||||||||||||||||||
Payment-in-kind coupon | Payment-in-kind coupon | 6,330 | — | — | 6,330 | Payment-in-kind coupon | 1,583 | — | — | 1,583 | ||||||||||||||||||||||||||||||||||||||||||
Transfers between investment types | Transfers between investment types | (2,525) | (623) | 3,148 | — | Transfers between investment types | — | (37) | 37 | — | ||||||||||||||||||||||||||||||||||||||||||
Gross transfers out of Level 3(1) | Gross transfers out of Level 3(1) | — | — | (2,036) | (2,036) | Gross transfers out of Level 3(1) | — | — | (540) | (540) | ||||||||||||||||||||||||||||||||||||||||||
Fair value as of September 30, 2021 | $ | 664,783 | $ | 51,662 | $ | 39,511 | $ | 755,956 | ||||||||||||||||||||||||||||||||||||||||||||
Fair value as of March 31, 2022 | Fair value as of March 31, 2022 | $ | 696,037 | $ | 52,811 | $ | 45,904 | $ | 794,752 | |||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) on Level 3 investments held as of September 30, 2021 | $ | (3,690) | $ | 22,937 | $ | 8,379 | $ | 27,626 | ||||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) on Level 3 investments held as of March 31, 2022 | Net change in unrealized gains (losses) on Level 3 investments held as of March 31, 2022 | $ | (2,509) | $ | 277 | $ | (231) | $ | (2,463) |
Level 3 Investment Activity (in thousands) | Level 3 Investment Activity (in thousands) | For the Nine Months Ended September 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 | Funding and purchases of investments, at cost | 134,466 | 1,788 | 1,832 | 138,086 | Funding and purchases of investments, at cost | 55,642 | 1,621 | 2,643 | 59,906 | ||||||||||||||||||||||||||||||||||||||||||
Principal payments and sale proceeds received from investments | Principal payments and sale proceeds received from investments | (131,083) | — | — | (131,083) | 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 | 12,134 | — | — | 12,134 | ||||||||||||||||||||||||||||||||||||||||||||||||
Net amortization and accretion of premiums and discounts and end-of term payments | Net amortization and accretion of premiums and discounts and end-of term payments | 1,119 | — | — | 1,119 | |||||||||||||||||||||||||||||||||||||||||||||||
Net realized gains (losses) on investments | Net realized gains (losses) on investments | (19,981) | (384) | — | (20,365) | Net realized gains (losses) on investments | (15,459) | (244) | — | (15,703) | ||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) included in earnings | Net change in unrealized gains (losses) included in earnings | 5,111 | (2,797) | (411) | 1,903 | Net change in unrealized gains (losses) included in earnings | 13,548 | 4,181 | 881 | 18,610 | ||||||||||||||||||||||||||||||||||||||||||
Payment-in-kind coupon | Payment-in-kind coupon | 5,887 | — | — | 5,887 | Payment-in-kind coupon | 1,981 | — | — | 1,981 | ||||||||||||||||||||||||||||||||||||||||||
Gross transfers out of Level 3(1) | Gross transfers out of Level 3(1) | — | — | (592) | (592) | Gross transfers out of Level 3(1) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Fair value as of September 30, 2020 | $ | 611,052 | $ | 20,697 | $ | 11,997 | $ | 643,746 | ||||||||||||||||||||||||||||||||||||||||||||
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 September 30, 2020 | $ | (13,994) | $ | (2,892) | $ | (411) | $ | (17,297) | ||||||||||||||||||||||||||||||||||||||||||||
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 Investments (dollars in thousands) | Level 3 Investments (dollars in thousands) | September 30, 2021 | Level 3 Investments (dollars in thousands) | March 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt investments | Debt investments | $ | 650,239 | Discounted Cash Flows | Discount Rate | 8.69% - 22.07% | 14.83% | Debt investments | $ | 686,141 | Discounted Cash Flows | Discount Rate | 4.49% - 32.80% | 14.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||
14,544 | Probability-Weighted Expected Return Method | Probability Weighting of Alternative Outcomes | 5.00% - 45.00% | 39.37% | 9,896 | Probability-Weighted Expected Return Method | Probability Weighting of Alternative Outcomes | 5.00% - 50.00% | 46.03% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant investments | Warrant investments | 42,524 | Black Scholes Option Pricing Model | Revenue Multiples | 0.65x - 9.61x | 3.13x | Warrant investments | 48,323 | Black Scholes Option Pricing Model | Revenue Multiples | 0.46x - 25.80x | 3.41x | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Volatility | 45.00% - 85.00% | 59.96% | Volatility | 45.00% - 85.00% | 60.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term | 0.20 - 6.00 Years | 3.00 Years | Term | 0.20 - 5.00 Years | 3.05 Years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 20.00% | 19.41% | Discount for Lack of Marketability | 20.00% - 20.00% | 20.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk Free Rate | 0.06% - 0.92% | 0.32% | Risk Free Rate | 0.09% - 2.52% | 2.19% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5,902 | Option-Pricing Method and Probability-Weighted Expected Return Method | Discount for Lack of Marketability | 0.00% - 20.00% | 17.20% | 1,448 | Option-Pricing Method and Probability-Weighted Expected Return Method | Term | 1.25 - 7.00 Years | 4.60 Years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
3,236 | Discounted Expected Return | Discount Rate | 15.00% - 40.00% | 32.79% | Discount for Lack of Marketability | 0.00% - 15.00% | 4.56% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term | 1.00 - 4.00 Years | 2.07 Years | 3,040 | Discounted Expected Return | Discount Rate | 15.00% - 30.00% | 24.55% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected Recovery Rate | 18.75% - 100.00% | 72.60% | Term | 1.00 - 4.00 Years | 2.72 Years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected Recovery Rate | 18.75% - 100.00% | 93.73% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity investments | Equity investments | 39,511 | Black Scholes Option Pricing Model | Revenue Multiples | 0.00x - 3.75x | 0.00x | Equity investments | 45,904 | Black Scholes Option Pricing Model | Revenue Multiples | 0.80x - 5.25x | 2.93x | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Volatility | 45.00% - 80.00% | 56.11% | Volatility | 45.00% - 80.00% | 57.21% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term | 0.50 - 5.00 Years | 3.23 Years | Term | 0.75 - 5.00 Years | 3.28 Years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 5.00% | Risk Free Rate | 0.13% - 2.52% | 2.13% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk Free Rate | 0.06% - 0.92% | 0.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investments | Total investments | $ | 755,956 | Total investments | $ | 794,752 |
Level 3 Investments (dollars in thousands) | December 31, 2021 | |||||||||||||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | ||||||||||||||||||||||||||||
Debt investments | $ | 745,886 | Discounted Cash Flows | Discount Rate | 3.30% - 20.34% | 13.54% | ||||||||||||||||||||||||||
11,336 | Probability-Weighted Expected Return Method | Probability Weighting of Alternative Outcomes | 3.70% - 63.00% | 50.35% | ||||||||||||||||||||||||||||
Warrant investments | 47,755 | Black Scholes Option Pricing Model | Revenue Multiples | 0.65x - 9.61x | 3.40x | |||||||||||||||||||||||||||
Volatility | 45.00% - 85.00% | 59.89% | ||||||||||||||||||||||||||||||
Term | 0.20 - 5.00 Years | 3.01 Years | ||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 20.00% | 19.41% | ||||||||||||||||||||||||||||||
Risk Free Rate | 0.06% - 1.26% | 0.84% | ||||||||||||||||||||||||||||||
1,145 | Option-Pricing Method and Probability-Weighted Expected Return Method | Term | 1.50 - 7.00 Years | 4.94 Years | ||||||||||||||||||||||||||||
Discount for Lack of Marketability | 0.00% - 20.00% | 14.94% | ||||||||||||||||||||||||||||||
2,856 | Discounted Expected Return | Discount Rate | 15.00% - 40.00% | 32.49% | ||||||||||||||||||||||||||||
Term | 1.00 - 4.00 Years | 2.15 Years | ||||||||||||||||||||||||||||||
Expected Recovery Rate | 18.75% - 100.00% | 72.62% | ||||||||||||||||||||||||||||||
Equity investments | 43,942 | Black Scholes Option Pricing Model | Revenue Multiples | 0.00x - 4.75x | 2.47x | |||||||||||||||||||||||||||
Volatility | 45.00% - 80.00% | 56.86% | ||||||||||||||||||||||||||||||
Term | 0.50 - 5.00 Years | 3.22 Years | ||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 5.00% | |||||||||||||||||||||||||||||||
Risk Free Rate | 0.06% - 1.26% | 0.91% | ||||||||||||||||||||||||||||||
Total investments | $ | 852,920 |
Level 3 Investments (dollars in thousands) | December 31, 2020 | |||||||||||||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | ||||||||||||||||||||||||||||
Debt investments | $ | 546,958 | Discounted Cash Flows | Discount Rate | 6.61% - 35.63% | 15.24% | ||||||||||||||||||||||||||
36,377 | Probability-Weighted Expected Return Method | Probability Weighting of Alternative Outcomes | 50.00% - 50.00% | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 20.00% | 19.41% | ||||||||||||||||||||||||||||||
Risk Free Rate | 0.09% - 0.43% | 0.20% | ||||||||||||||||||||||||||||||
694 | Option-Pricing Method and Probability-Weighted Expected Return Method | Term | 3.00 - 4.00 Years | 3.40 Years | ||||||||||||||||||||||||||||
Discount for Lack of Marketability | 20.00% - 20.00% | |||||||||||||||||||||||||||||||
3,466 | Discounted Expected Return | Discount Rate | 20.00% - 40.00% | 34.13% | ||||||||||||||||||||||||||||
Term | 1.00 - 4.00 Years | 2.11 Years | ||||||||||||||||||||||||||||||
Expected Recovery Rate | 18.75% - 100.00% | 71.02% | ||||||||||||||||||||||||||||||
Equity investments | 24,178 | Black Scholes Option Pricing Model | Revenue Multiples | 0.89x - 4.50x | 2.56x | |||||||||||||||||||||||||||
Volatility | 45.00% - 70.00% | 59.06% | ||||||||||||||||||||||||||||||
Term | 1.00 - 4.50 Years | 3.08 Years | ||||||||||||||||||||||||||||||
Discount for Lack of Marketability | 5.00% - 5.00% | |||||||||||||||||||||||||||||||
Risk Free Rate | 0.10% - 0.27% | 0.18% | ||||||||||||||||||||||||||||||
1,158 | 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 | $ | 633,559 |
Liability (in thousands) | Liability (in thousands) | September 30, 2021 | December 31, 2020 | Liability (in thousands) | March 31, 2022 | December 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Commitment | Balance Outstanding | Unused Commitment | Total Commitment | Balance Outstanding | Unused Commitment | Total Commitment | Balance Outstanding | Unused Commitment | Total Commitment | Balance Outstanding | Unused Commitment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility | Revolving Credit Facility | $ | 350,000 | $ | 85,000 | $ | 265,000 | $ | 325,000 | $ | 118,000 | $ | 207,000 | Revolving Credit Facility | $ | 350,000 | $ | 25,000 | $ | 325,000 | $ | 350,000 | $ | 200,000 | $ | 150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
2022 Notes | — | — | — | 74,750 | 74,750 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 Notes | 2025 Notes | 70,000 | 70,000 | — | 70,000 | 70,000 | — | 2025 Notes | 70,000 | 70,000 | — | 70,000 | 70,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2026 Notes | 2026 Notes | 200,000 | 200,000 | — | — | — | — | 2026 Notes | 200,000 | 200,000 | — | 200,000 | 200,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2027 Notes | 2027 Notes | 125,000 | 125,000 | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total before deferred financing and issuance costs | Total before deferred financing and issuance costs | 620,000 | 355,000 | 265,000 | 469,750 | 262,750 | 207,000 | Total before deferred financing and issuance costs | 745,000 | 420,000 | 325,000 | 620,000 | 470,000 | 150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unamortized deferred financing and issuance costs | Unamortized deferred financing and issuance costs | — | (5,013) | — | — | (4,790) | — | Unamortized deferred financing and issuance costs | — | (5,605) | — | — | (4,667) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total borrowings outstanding, net of deferred financing and issuance costs | Total borrowings outstanding, net of deferred financing and issuance costs | $ | 620,000 | $ | 349,987 | $ | 265,000 | $ | 469,750 | $ | 257,960 | $ | 207,000 | Total borrowings outstanding, net of deferred financing and issuance costs | $ | 745,000 | $ | 414,395 | $ | 325,000 | $ | 620,000 | $ | 465,333 | $ | 150,000 |
Interest Expense and Amortization of Fees (in thousands) | Interest Expense and Amortization of Fees (in thousands) | For the Three Months Ended September 30, | For the Nine Months Ended September 30, | Interest Expense and Amortization of Fees (in thousands) | For the Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
Revolving Credit Facility | Revolving Credit Facility | Revolving Credit Facility | ||||||||||||||||||||||||||||||||||||||
Interest cost | Interest cost | $ | 122 | $ | 904 | $ | 702 | $ | 5,156 | Interest cost | $ | 654 | $ | 577 | ||||||||||||||||||||||||||
Unused fee | Unused fee | 420 | 246 | 1,211 | 454 | Unused fee | 343 | 340 | ||||||||||||||||||||||||||||||||
Amortization of costs and other fees | Amortization of costs and other fees | 356 | 314 | 1,391 | 962 | Amortization of costs and other fees | 359 | 603 | ||||||||||||||||||||||||||||||||
Revolving Credit Facility Total | Revolving Credit Facility Total | $ | 898 | $ | 1,464 | $ | 3,304 | $ | 6,572 | Revolving Credit Facility Total | $ | 1,356 | $ | 1,520 | ||||||||||||||||||||||||||
2022 Notes | 2022 Notes | 2022 Notes | ||||||||||||||||||||||||||||||||||||||
Interest cost | Interest cost | $ | — | $ | 1,075 | $ | 1,122 | $ | 3,224 | Interest cost | $ | — | $ | 1,075 | ||||||||||||||||||||||||||
Amortization of costs and other fees | Amortization of costs and other fees | — | 133 | 140 | 398 | Amortization of costs and other fees | — | 133 | ||||||||||||||||||||||||||||||||
2022 Notes Total | 2022 Notes Total | $ | — | $ | 1,208 | $ | 1,262 | $ | 3,622 | 2022 Notes Total | $ | — | $ | 1,208 | ||||||||||||||||||||||||||
2025 Notes | 2025 Notes | 2025 Notes | ||||||||||||||||||||||||||||||||||||||
Interest cost | Interest cost | $ | 788 | $ | 787 | $ | 2,362 | $ | 1,689 | Interest cost | $ | 788 | $ | 787 | ||||||||||||||||||||||||||
Amortization of costs and other fees | Amortization of costs and other fees | 51 | 50 | 152 | 100 | Amortization of costs and other fees | 51 | 50 | ||||||||||||||||||||||||||||||||
2025 Notes Total | 2025 Notes Total | $ | 839 | $ | 837 | $ | 2,514 | $ | 1,789 | 2025 Notes Total | $ | 839 | $ | 837 | ||||||||||||||||||||||||||
2026 Notes | 2026 Notes | 2026 Notes | ||||||||||||||||||||||||||||||||||||||
Interest cost | Interest cost | $ | 2,250 | $ | — | $ | 5,250 | $ | — | Interest cost | $ | 2,250 | $ | 750 | ||||||||||||||||||||||||||
Amortization of costs and other fees | Amortization of costs and other fees | 113 | — | 258 | — | Amortization of costs and other fees | 111 | 36 | ||||||||||||||||||||||||||||||||
2026 Notes Total | 2026 Notes Total | $ | 2,363 | $ | — | $ | 5,508 | $ | — | 2026 Notes Total | $ | 2,361 | $ | 786 | ||||||||||||||||||||||||||
2027 Notes | 2027 Notes | |||||||||||||||||||||||||||||||||||||||
Interest cost | Interest cost | $ | 521 | $ | — | |||||||||||||||||||||||||||||||||||
Amortization of costs and other fees | Amortization of costs and other fees | 22 | — | |||||||||||||||||||||||||||||||||||||
2027 Notes Total | 2027 Notes Total | $ | 543 | $ | — | |||||||||||||||||||||||||||||||||||
Total interest expense and amortization of fees | Total interest expense and amortization of fees | $ | 4,100 | $ | 3,509 | $ | 12,588 | $ | 11,983 | Total interest expense and amortization of fees | $ | 5,099 | $ | 4,351 |
Liability (in thousands) | Liability (in thousands) | September 30, 2021 | December 31, 2020 | Liability (in thousands) | March 31, 2022 | December 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | Revolving Credit Facility | $ | — | $ | — | $ | 85,000 | $ | 85,000 | $ | — | $ | — | $ | 118,000 | $ | 118,000 | Revolving Credit Facility | $ | — | $ | — | $ | 25,000 | $ | 25,000 | $ | — | $ | — | $ | 200,000 | $ | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 Notes, net(1) | — | — | — | — | — | 74,592 | — | 74,592 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 Notes, net(2) | — | — | 69,299 | 69,299 | — | — | 69,148 | 69,148 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2026 Notes, net(3) | — | — | 198,045 | 198,045 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2025 Notes, net(1) | 2025 Notes, net(1) | — | — | 69,391 | 69,391 | — | — | 69,348 | 69,348 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2026 Notes, net(2) | 2026 Notes, net(2) | — | — | 198,266 | 198,266 | — | — | 198,155 | 198,155 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2027 Notes, net(3) | 2027 Notes, net(3) | — | — | 123,684 | 123,684 | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | — | $ | — | $ | 352,344 | $ | 352,344 | $ | — | $ | 74,592 | $ | 187,148 | $ | 261,740 | Total | $ | — | $ | — | $ | 416,341 | $ | 416,341 | $ | — | $ | — | $ | 467,503 | $ | 467,503 |
September 30, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Unfunded Commitments(1) (in thousands) | Unfunded Commitments(1) (in thousands) | Unfunded Commitments | Fair Value of Unfunded Commitment Liability | Unfunded Commitments | Fair Value of Unfunded Commitment Liability | Unfunded Commitments(1) (in thousands) | Unfunded Commitments | Fair Value of Unfunded Commitment Liability | Unfunded Commitments | Fair Value of Unfunded Commitment Liability | ||||||||||||||||||||||||||||||||||||||||||
Tempo Interactive Inc. | Tempo Interactive Inc. | $ | 25,000 | $ | 237 | $ | — | $ | — | Tempo Interactive Inc. | $ | 25,000 | $ | 237 | $ | 25,000 | $ | 237 | ||||||||||||||||||||||||||||||||||
HomeLight, Inc. | 14,000 | 146 | 14,000 | 84 | ||||||||||||||||||||||||||||||||||||||||||||||||
The Pill Club Holdings, Inc. | The Pill Club Holdings, Inc. | 20,000 | 261 | 20,000 | 261 | |||||||||||||||||||||||||||||||||||||||||||||||
Found Health, Inc. | Found Health, Inc. | 20,000 | 112 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Arcadia Power, Inc. | 18,000 | 139 | 18,000 | 139 | |||||||||||||||||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Good Eggs, Inc. | 14,000 | 70 | — | — | Good Eggs, Inc. | 14,000 | 70 | 14,000 | 70 | ||||||||||||||||||||||||||||||||||||||||||
Foodology Inc. | Foodology Inc. | 13,000 | 220 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
RenoRun US Inc. | RenoRun US Inc. | 12,750 | 487 | 12,750 | 487 | |||||||||||||||||||||||||||||||||||||||||||||||
Savage X, Inc. | Savage X, Inc. | 12,000 | 574 | 4,000 | 200 | Savage X, Inc. | 12,000 | 574 | 12,000 | 574 | ||||||||||||||||||||||||||||||||||||||||||
OfferUp Inc. | 10,000 | 192 | 10,000 | 192 | ||||||||||||||||||||||||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Activehours, Inc. (d/b/a Earnin) | 10,000 | 57 | 9,000 | 64 | Activehours, Inc. (d/b/a Earnin) | 10,000 | 57 | 10,000 | 57 | ||||||||||||||||||||||||||||||||||||||||||
Homeward, Inc. | Homeward, Inc. | 10,000 | 130 | 10,000 | 130 | |||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Forum Brands, LLC | 9,891 | 354 | 12,951 | 464 | |||||||||||||||||||||||||||||||||||||||||||||||
Merama Inc. | Merama Inc. | 9,718 | 197 | — | — | Merama Inc. | 9,718 | 197 | 9,718 | 197 | ||||||||||||||||||||||||||||||||||||||||||
Curology, Inc. | Curology, Inc. | 9,000 | 44 | 9,000 | 44 | Curology, Inc. | 9,000 | 44 | 9,000 | 44 | ||||||||||||||||||||||||||||||||||||||||||
Grey Orange International Inc. | 8,667 | 110 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | 8,241 | 299 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
TFG Holding, Inc. | 7,000 | 319 | 7,000 | 248 | ||||||||||||||||||||||||||||||||||||||||||||||||
Dialpad, Inc. | 5,000 | 76 | 5,000 | 101 | ||||||||||||||||||||||||||||||||||||||||||||||||
Demain ES (d/b/a Luko) | Demain ES (d/b/a Luko) | 7,780 | 97 | 7,940 | 99 | |||||||||||||||||||||||||||||||||||||||||||||||
everdrop GmbH | everdrop GmbH | 6,446 | 9 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Project 1920, Inc. | Project 1920, Inc. | 5,400 | 93 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
True Footage Inc. | True Footage Inc. | 5,110 | 91 | 5,695 | 107 | |||||||||||||||||||||||||||||||||||||||||||||||
Cart.com, Inc. | Cart.com, Inc. | 5,000 | 92 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Don't Run Out, Inc. | Don't Run Out, Inc. | 5,000 | — | 5,000 | — | |||||||||||||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | FlashParking, Inc. | 4,115 | 115 | — | — | FlashParking, Inc. | 3,490 | 98 | 3,837 | 107 | ||||||||||||||||||||||||||||||||||||||||||
Baby Generation, Inc. | Baby Generation, Inc. | 3,125 | 42 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Trendly, Inc. | Trendly, Inc. | 3,000 | — | 3,000 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Thingy Thing Inc. | Thingy Thing Inc. | 2,000 | — | 2,000 | — | |||||||||||||||||||||||||||||||||||||||||||||||
JOKR S.à r.l. | JOKR S.à r.l. | 1,496 | 103 | 1,496 | 103 | |||||||||||||||||||||||||||||||||||||||||||||||
Belong Home, Inc. | Belong Home, Inc. | 1,000 | 16 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
LeoLabs, Inc. | LeoLabs, Inc. | — | 422 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Narvar, Inc. | Narvar, Inc. | 3,750 | 19 | 3,750 | 140 | Narvar, Inc. | — | — | 3,750 | 19 | ||||||||||||||||||||||||||||||||||||||||||
Sonder USA, Inc. | Sonder USA, Inc. | 3,000 | 25 | 3,000 | 25 | Sonder USA, Inc. | — | — | 3,000 | 25 | ||||||||||||||||||||||||||||||||||||||||||
Clutter, Inc. | 3,000 | — | 9,000 | 60 | ||||||||||||||||||||||||||||||||||||||||||||||||
Trendly, Inc. | 3,000 | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Minted, Inc. | 2,500 | 25 | — | 25 | ||||||||||||||||||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V. | VanMoof Global Holding B.V. | 2,070 | 62 | — | — | VanMoof Global Holding B.V. | — | — | 2,025 | 60 | ||||||||||||||||||||||||||||||||||||||||||
Hello Digit, Inc. | 2,000 | 15 | 2,500 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||
Alyk, Inc. | Alyk, Inc. | 500 | — | — | — | Alyk, Inc. | — | — | 500 | — | ||||||||||||||||||||||||||||||||||||||||||
Farmer's Business Network, Inc. | — | — | 20,000 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||
Capsule Corp. | — | — | 15,000 | 277 | ||||||||||||||||||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | — | — | 11,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Imperfect Foods, Inc. | — | — | 6,000 | 55 | ||||||||||||||||||||||||||||||||||||||||||||||||
Envoy, Inc. | — | — | 4,000 | 105 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 156,561 | $ | 2,582 | $ | 132,250 | $ | 1,656 | Total | $ | 232,206 | $ | 3,945 | $ | 191,662 | $ | 3,180 |
Commitments Activity (in thousands) | Commitments Activity (in thousands) | For the Three Months Ended September 30, | For the Nine Months Ended September 30, | Commitments Activity (in thousands) | For the Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
Unfunded commitments at beginning of period(1) | Unfunded commitments at beginning of period(1) | $ | 166,002 | $ | 189,490 | $ | 153,000 | $ | 241,583 | Unfunded commitments at beginning of period(1) | $ | 191,662 | $ | 153,000 | ||||||||||||||||||||||||||
New commitments(1) | New commitments(1) | 116,314 | 86,825 | 309,246 | 203,313 | New commitments(1) | 125,732 | 90,398 | ||||||||||||||||||||||||||||||||
Fundings | Fundings | (116,954) | (37,991) | (249,884) | (137,259) | Fundings | (62,703) | (56,908) | ||||||||||||||||||||||||||||||||
Expirations / Terminations | Expirations / Terminations | (8,750) | (41,367) | (55,750) | (110,700) | Expirations / Terminations | (7,250) | (15,000) | ||||||||||||||||||||||||||||||||
Foreign currency adjustments | Foreign currency adjustments | (51) | 43 | (51) | 63 | Foreign currency adjustments | (235) | (208) | ||||||||||||||||||||||||||||||||
Unfunded commitments and backlog of potential future commitments at end of period | Unfunded commitments and backlog of potential future commitments at end of period | $ | 156,561 | $ | 197,000 | $ | 156,561 | $ | 197,000 | Unfunded commitments and backlog of potential future commitments at end of period | $ | 247,206 | $ | 171,282 | ||||||||||||||||||||||||||
Backlog of potential future commitments | Backlog of potential future commitments | — | 28,750 | — | 28,750 | Backlog of potential future commitments | 15,000 | 2,500 | ||||||||||||||||||||||||||||||||
Unfunded commitments at end of period | Unfunded commitments at end of period | $ | 156,561 | $ | 168,250 | $ | 156,561 | $ | 168,250 | Unfunded commitments at end of period | $ | 232,206 | $ | 168,782 |
Unfunded Commitments(1) (in thousands) | Unfunded Commitments(1) (in thousands) | September 30, 2021 | December 31, 2020 | Unfunded Commitments(1) (in thousands) | March 31, 2022 | December 31, 2021 | ||||||||||||||||||||||
Dependent on milestones | Dependent on milestones | $ | 40,750 | $ | 17,500 | Dependent on milestones | $ | 51,750 | $ | 50,250 | ||||||||||||||||||
Expiring during: | Expiring during: | Expiring during: | ||||||||||||||||||||||||||
2021 | $ | 45,167 | $ | 122,250 | ||||||||||||||||||||||||
2022 | 2022 | 96,038 | 7,000 | 2022 | $ | 139,565 | $ | 131,429 | ||||||||||||||||||||
2023 | 2023 | 12,356 | — | 2023 | 85,641 | 50,233 | ||||||||||||||||||||||
2024 | 2024 | 3,000 | 3,000 | 2024 | 7,000 | 10,000 | ||||||||||||||||||||||
Unfunded commitments | Unfunded commitments | $ | 156,561 | $ | 132,250 | Unfunded commitments | $ | 232,206 | $ | 191,662 |
Financial Highlights (in thousands, except per share data) | Financial Highlights (in thousands, except per share data) | For the Nine Months Ended September 30, or as of September 30, | Financial Highlights (in thousands, except per share data) | For the Three Months Ended March 31, or as of March 31, | ||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||
Per Share Data | Per Share Data | Per Share Data | ||||||||||||||||||||||||||
Net asset value at beginning of period | Net asset value at beginning of period | $ | 12.97 | $ | 13.34 | Net asset value at beginning of period | $ | 14.01 | $ | 12.97 | ||||||||||||||||||
Changes in net asset value due to: | Changes in net asset value due to: | Changes in net asset value due to: | ||||||||||||||||||||||||||
Net investment income | Net investment income | 0.91 | 1.18 | Net investment income | 0.44 | 0.29 | ||||||||||||||||||||||
Net realized gains (losses) on investments | Net realized gains (losses) on investments | (0.61) | 0.15 | Net realized gains (losses) on investments | (0.10) | (0.51) | ||||||||||||||||||||||
Net change in unrealized gains (losses) on investments | Net change in unrealized gains (losses) on investments | 1.75 | (0.33) | Net change in unrealized gains (losses) on investments | (0.15) | 0.60 | ||||||||||||||||||||||
Net realized loss on extinguishment of debt | (0.02) | — | ||||||||||||||||||||||||||
Net increase (decrease) from capital share transactions(2) | — | 0.02 | ||||||||||||||||||||||||||
Distributions from distributable earnings | (1.08) | (1.08) | ||||||||||||||||||||||||||
Distributions from net investment income | Distributions from net investment income | (0.36) | (0.36) | |||||||||||||||||||||||||
Net asset value at end of period | Net asset value at end of period | $ | 13.92 | $ | 13.28 | Net asset value at end of period | $ | 13.84 | $ | 13.00 | ||||||||||||||||||
Net investment income per share | Net investment income per share | $ | 0.91 | $ | 1.18 | Net investment income per share | $ | 0.44 | $ | 0.29 | ||||||||||||||||||
Net increase in net assets resulting from operations per share | Net increase in net assets resulting from operations per share | $ | 2.03 | $ | 1.00 | Net increase in net assets resulting from operations per share | $ | 0.18 | $ | 0.38 | ||||||||||||||||||
Weighted average shares of common stock outstanding for period | Weighted average shares of common stock outstanding for period | 30,918 | 30,475 | Weighted average shares of common stock outstanding for period | 31,011 | 30,881 | ||||||||||||||||||||||
Shares of common stock outstanding at end of period | Shares of common stock outstanding at end of period | 30,984 | 30,828 | Shares of common stock outstanding at end of period | 31,037 | 30,917 | ||||||||||||||||||||||
Ratios / Supplemental Data | Ratios / Supplemental Data | Ratios / Supplemental Data | ||||||||||||||||||||||||||
Net asset value at beginning of period | Net asset value at beginning of period | $ | 400,435 | $ | 332,506 | Net asset value at beginning of period | $ | 434,491 | $ | 400,435 | ||||||||||||||||||
Net asset value at end of period | Net asset value at end of period | $ | 431,354 | $ | 409,355 | Net asset value at end of period | $ | 429,459 | $ | 401,800 | ||||||||||||||||||
Average net asset value | Average net asset value | $ | 399,746 | $ | 406,162 | Average net asset value | $ | 435,804 | $ | 402,043 | ||||||||||||||||||
Stock price at end of period | Stock price at end of period | $ | 15.84 | $ | 11.04 | Stock price at end of period | $ | 17.46 | $ | 14.45 | ||||||||||||||||||
Total return based on net asset value per share(3) | 16.5 | % | 13.4 | % | ||||||||||||||||||||||||
Total return based on stock price(4) | 31.9 | % | (11.5) | % | ||||||||||||||||||||||||
Total return based on net asset value per share(2) | Total return based on net asset value per share(2) | 0.9 | % | 3.6 | % | |||||||||||||||||||||||
Total return based on stock price(3) | Total return based on stock price(3) | (0.7) | % | 14.6 | % | |||||||||||||||||||||||
Net investment income to average net asset value(5) | 9.4 | % | 11.8 | % | ||||||||||||||||||||||||
Net increase (decrease) in net assets to average net asset value(5) | 21.0 | % | 10.0 | % | ||||||||||||||||||||||||
Ratio of expenses to average net asset value(5) | 11.1 | % | 10.5 | % | ||||||||||||||||||||||||
Operating expenses excluding incentive fees to average net asset value(5) | 8.8 | % | 8.5 | % | ||||||||||||||||||||||||
Income incentive fees to average net asset value(5) | 2.4 | % | 2.0 | % | ||||||||||||||||||||||||
Capital gains incentive fees to average net asset value(5) | 0.0 | % | 0.0 | % | ||||||||||||||||||||||||
Net investment income to average net asset value(4) | Net investment income to average net asset value(4) | 12.6 | % | 9.0 | % | |||||||||||||||||||||||
Net increase (decrease) in net assets to average net asset value(4) | Net increase (decrease) in net assets to average net asset value(4) | 5.3 | % | 12.0 | % | |||||||||||||||||||||||
Ratio of expenses to average net asset value(4) | Ratio of expenses to average net asset value(4) | 12.8 | % | 11.2 | % | |||||||||||||||||||||||
Operating expenses excluding incentive fees to average net asset value(4) | Operating expenses excluding incentive fees to average net asset value(4) | 9.7 | % | 8.9 | % | |||||||||||||||||||||||
Income incentive fees to average net asset value(4) | Income incentive fees to average net asset value(4) | 3.2 | % | 2.2 | % | |||||||||||||||||||||||
Capital gains incentive fees to average net asset value(4) | Capital gains incentive fees to average net asset value(4) | 0.0 | % | 0.0 | % |
Ratios (Percentages, on an annualized basis)(1) | Ratios (Percentages, on an annualized basis)(1) | For the Nine Months Ended September 30, | Ratios (Percentages, on an annualized basis)(1) | For the Three Months Ended March 31, | ||||||||||||||||||||||||
2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||
Weighted average portfolio yield on total debt investments(2) | Weighted average portfolio yield on total debt investments(2) | 13.2 | % | 13.4 | % | Weighted average portfolio yield on total debt investments(2) | 15.5 | % | 13.3 | % | ||||||||||||||||||
Coupon income | Coupon income | 9.8 | % | 10.0 | % | Coupon income | 10.1 | % | 9.7 | % | ||||||||||||||||||
Accretion of discount | Accretion of discount | 0.8 | % | 1.0 | % | Accretion of discount | 0.8 | % | 0.9 | % | ||||||||||||||||||
Accretion of end-of-term payments | Accretion of end-of-term payments | 1.4 | % | 1.7 | % | Accretion of end-of-term payments | 1.8 | % | 1.3 | % | ||||||||||||||||||
Impact of prepayments during the period | Impact of prepayments during the period | 1.2 | % | 0.7 | % | Impact of prepayments during the period | 2.8 | % | 1.4 | % |
Basic and Diluted Share Information (in thousands, except per share data) | Basic and Diluted Share Information (in thousands, except per share data) | For the Three Months Ended September 30, | For the Nine Months Ended September 30, | Basic and Diluted Share Information (in thousands, except per share data) | For the Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
Net investment income | Net investment income | $ | 9,887 | $ | 12,205 | $ | 28,197 | $ | 35,978 | Net investment income | $ | 13,547 | $ | 8,907 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | Net increase (decrease) in net assets resulting from operations | $ | 38,860 | $ | 14,444 | $ | 62,705 | $ | 30,548 | Net increase (decrease) in net assets resulting from operations | $ | 5,705 | $ | 11,859 | ||||||||||||||||||||||||||
Basic and diluted weighted average shares of common stock outstanding | Basic and diluted weighted average shares of common stock outstanding | 30,956 | 30,792 | 30,918 | 30,475 | Basic and diluted weighted average shares of common stock outstanding | 31,011 | 30,881 | ||||||||||||||||||||||||||||||||
Basic and diluted net investment income per share of common stock | Basic and diluted net investment income per share of common stock | $ | 0.32 | $ | 0.40 | $ | 0.91 | $ | 1.18 | Basic and diluted net investment income per share of common stock | $ | 0.44 | $ | 0.29 | ||||||||||||||||||||||||||
Basic and diluted net increase (decrease) in net assets resulting from operations per share of common stock | Basic and diluted net increase (decrease) in net assets resulting from operations per share of common stock | $ | 1.26 | $ | 0.47 | $ | 2.03 | $ | 1.00 | Basic and diluted net increase (decrease) in net assets resulting from operations per share of common stock | $ | 0.18 | $ | 0.38 |
Issuance of Common Stock for the Nine Months Ended September 30, 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 | ||||||||||||||||||||||||||||||||
Second quarter 2021 distribution reinvestment | 6/30/2021 | 33 | 471 | — | — | $14.43 per share | ||||||||||||||||||||||||||||||||
Third quarter 2021 distribution reinvestment | 9/15/2021 | 34 | 509 | — | — | $14.83 per share | ||||||||||||||||||||||||||||||||
Total issuance | 113 | $ | 1,604 | $ | — | $ | — |
Issuance of Common Stock for the Three Months Ended March 31, 2022 (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 2022 distribution reinvestment | 3/31/2022 | 11 | $ | 426 | $ | — | $ | — | $16.59 per share | |||||||||||||||||||||||||||||
Total issuance | 11 | $ | 426 | $ | — | $ | — |
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 Year Ended December 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 | ||||||||||||||||||||||||||||||||
Second quarter 2021 distribution reinvestment | 6/30/2021 | 33 | 471 | — | — | $14.43 per share | ||||||||||||||||||||||||||||||||
Third quarter 2021 distribution reinvestment | 9/15/2021 | 34 | 509 | — | — | $14.83 per share | ||||||||||||||||||||||||||||||||
Fourth quarter 2021 distribution reinvestment | 12/15/2021 | 27 | 439 | — | — | $16.38 per share | ||||||||||||||||||||||||||||||||
Total issuance | 140 | $ | 2,043 | $ | — | $ | — |
Period Ended | Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | ||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2014 | 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 | 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 | 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 | 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 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 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 | 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 | 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 | 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 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 | 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 | 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 | 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 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 | 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 | 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 | 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 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 | 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 | 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 | 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 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 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 | 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 | 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 | 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 | 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 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2020 | September 30, 2020 | July 30, 2020 | August 31, 2020 | September 15, 2020 | 0.36 | 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 | 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) | 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 | March 31, 2021 | February 24, 2021 | March 15, 2021 | March 31, 2021 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | June 30, 2021 | April 29, 2021 | June 16, 2021 | June 30, 2021 | 0.36 | June 30, 2021 | April 29, 2021 | June 16, 2021 | June 30, 2021 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2021 | September 30, 2021 | July 28, 2021 | August 31, 2021 | September 15, 2021 | 0.36 | September 30, 2021 | July 28, 2021 | August 31, 2021 | September 15, 2021 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | October 29, 2021 | November 30, 2021 | December 15, 2021 | 0.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | February 22, 2022 | March 15, 2022 | March 31, 2022 | 0.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total cash distributions | $ | 11.14 | Total cash distributions | $ | 11.86 |
September 30, 2021 | March 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments by Type (dollars in thousands) | 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 | Debt investments | $ | 683,329 | $ | 664,783 | $ | (18,546) | 77 | 40 | Debt investments | $ | 718,226 | $ | 696,037 | $ | (22,189) | 107 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant investments | Warrant investments | 24,125 | 51,662 | 27,537 | 82 | 71 | Warrant investments | 26,135 | 52,811 | 26,676 | 99 | 86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity investments | Equity investments | 34,251 | 50,568 | 16,317 | 40 | 34 | Equity investments | 39,333 | 57,599 | 18,266 | 50 | 42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Investments in Portfolio Companies | Total Investments in Portfolio Companies | $ | 741,705 | $ | 767,013 | $ | 25,308 | 199 | 81 | (1) | Total Investments in Portfolio Companies | $ | 783,694 | $ | 806,447 | $ | 22,753 | 256 | 98 | (1) |
December 31, 2020 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments by Type (dollars in thousands) | 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 | Debt investments | $ | 613,345 | $ | 583,335 | $ | (30,010) | 94 | 33 | Debt investments | $ | 774,652 | $ | 757,222 | $ | (17,430) | 107 | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant investments | Warrant investments | 20,525 | 24,231 | 3,706 | 75 | 64 | Warrant investments | 25,597 | 51,756 | 26,159 | 92 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity investments | Equity investments | 28,553 | 26,213 | (2,340) | 26 | 24 | Equity investments | 37,600 | 56,362 | 18,762 | 47 | 40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Investments in Portfolio Companies | Total Investments in Portfolio Companies | $ | 662,423 | $ | 633,779 | $ | (28,644) | 195 | 69 | (1) | Total Investments in Portfolio Companies | $ | 837,849 | $ | 865,340 | $ | 27,491 | 246 | 91 | (1) |
September 30, 2021 | March 31, 2022 | |||||||||||||||||||||||||||
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 | Investments in Portfolio Companies by Industry (dollars in thousands) | At Fair Value | Percentage of Total Investments | ||||||||||||||||||||||
E-Commerce - Clothing and Accessories | E-Commerce - Clothing and Accessories | $ | 104,244 | 13.6 | % | E-Commerce - Clothing and Accessories | $ | 120,009 | 14.9 | % | ||||||||||||||||||
Business Applications Software | Business Applications Software | 92,491 | 12.1 | Business Applications Software | 107,795 | 13.4 | ||||||||||||||||||||||
Consumer Products and Services | Consumer Products and Services | 85,176 | 10.6 | |||||||||||||||||||||||||
Financial Institution and Services | Financial Institution and Services | 71,217 | 9.3 | Financial Institution and Services | 71,843 | 8.9 | ||||||||||||||||||||||
Consumer Products and Services | 65,229 | 8.5 | ||||||||||||||||||||||||||
Healthcare Technology Systems | Healthcare Technology Systems | 55,918 | 6.9 | |||||||||||||||||||||||||
Business/Productivity Software | Business/Productivity Software | 45,255 | 5.6 | |||||||||||||||||||||||||
Security Services | Security Services | 40,634 | 5.3 | Security Services | 38,002 | 4.7 | ||||||||||||||||||||||
Healthcare Technology Systems | 38,787 | 5.1 | ||||||||||||||||||||||||||
Travel & Leisure | Travel & Leisure | 32,664 | 4.1 | |||||||||||||||||||||||||
Consumer Non-Durables | Consumer Non-Durables | 36,902 | 4.8 | Consumer Non-Durables | 30,430 | 3.8 | ||||||||||||||||||||||
Network Systems Management Software | 35,329 | 4.6 | ||||||||||||||||||||||||||
Other Financial Services | 33,922 | 4.4 | ||||||||||||||||||||||||||
Entertainment | Entertainment | 33,701 | 4.4 | Entertainment | 30,114 | 3.7 | ||||||||||||||||||||||
Travel & Leisure | 31,430 | 4.1 | ||||||||||||||||||||||||||
Household & Office Goods | 30,930 | 4.0 | ||||||||||||||||||||||||||
Social/Platform Software | 30,866 | 4.0 | ||||||||||||||||||||||||||
Shopping Facilitators | Shopping Facilitators | 26,018 | 3.4 | Shopping Facilitators | 27,817 | 3.4 | ||||||||||||||||||||||
Real Estate Services | Real Estate Services | 17,220 | 2.2 | Real Estate Services | 26,241 | 3.3 | ||||||||||||||||||||||
Business Products and Services | Business Products and Services | 23,222 | 2.9 | |||||||||||||||||||||||||
Consumer Finance | Consumer Finance | 17,700 | 2.2 | |||||||||||||||||||||||||
Food & Drug | Food & Drug | 17,192 | 2.2 | Food & Drug | 17,630 | 2.2 | ||||||||||||||||||||||
Consumer Finance | 15,660 | 2.0 | ||||||||||||||||||||||||||
Multimedia and Design Software | Multimedia and Design Software | 15,545 | 2.0 | Multimedia and Design Software | 15,577 | 1.9 | ||||||||||||||||||||||
Other Financial Services | Other Financial Services | 15,245 | 1.9 | |||||||||||||||||||||||||
E-Commerce - Personal Goods | E-Commerce - Personal Goods | 15,295 | 2.0 | E-Commerce - Personal Goods | 15,166 | 1.9 | ||||||||||||||||||||||
Business/Productivity Software | 6,957 | 0.9 | ||||||||||||||||||||||||||
Database Software | Database Software | 13,234 | 1.6 | |||||||||||||||||||||||||
Computer Hardware | Computer Hardware | 7,946 | 1.0 | |||||||||||||||||||||||||
Consumer Retail | Consumer Retail | 2,684 | 0.3 | |||||||||||||||||||||||||
Communications Software | Communications Software | 2,000 | 0.3 | Communications Software | 2,000 | 0.2 | ||||||||||||||||||||||
Consumer Retail | 1,788 | 0.2 | ||||||||||||||||||||||||||
Computer Hardware | 1,398 | 0.2 | ||||||||||||||||||||||||||
Network Systems Management Software | Network Systems Management Software | 1,502 | 0.2 | |||||||||||||||||||||||||
Commercial Services | Commercial Services | 1,352 | 0.2 | |||||||||||||||||||||||||
General Media and Content | General Media and Content | 1,092 | 0.1 | General Media and Content | 1,092 | 0.1 | ||||||||||||||||||||||
Educational/Training Software | Educational/Training Software | 497 | 0.1 | Educational/Training Software | 317 | * | ||||||||||||||||||||||
Commercial Services | 238 | * | ||||||||||||||||||||||||||
Conferencing Equipment / Services | 205 | * | ||||||||||||||||||||||||||
Healthcare Services | Healthcare Services | 174 | * | |||||||||||||||||||||||||
Social/Platform Software | Social/Platform Software | 151 | * | |||||||||||||||||||||||||
Business to Business Marketplace | Business to Business Marketplace | 144 | * | Business to Business Marketplace | 144 | * | ||||||||||||||||||||||
Transportation | Transportation | 55 | * | Transportation | 34 | * | ||||||||||||||||||||||
Advertising / Marketing | Advertising / Marketing | 13 | * | |||||||||||||||||||||||||
Building Materials/Construction Machinery | Building Materials/Construction Machinery | 14 | * | Building Materials/Construction Machinery | — | * | ||||||||||||||||||||||
Advertising / Marketing | 13 | * | ||||||||||||||||||||||||||
Conferencing Equipment / Services | Conferencing Equipment / Services | — | * | |||||||||||||||||||||||||
Medical Software and Information Services | Medical Software and Information Services | — | * | Medical Software and Information Services | — | * | ||||||||||||||||||||||
Total portfolio company investments | Total portfolio company investments | $ | 767,013 | 100.0 | % | Total portfolio company investments | $ | 806,447 | 100.0 | % |
December 31, 2020 | December 31, 2021 | |||||||||||||||||||||||||||
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 | Investments in Portfolio Companies by Industry (dollars in thousands) | At Fair Value | Percentage of Total Investments | ||||||||||||||||||||||
Business Applications Software | Business Applications Software | $ | 74,623 | 11.8 | % | Business Applications Software | $ | 114,109 | 13.2 | % | ||||||||||||||||||
E-Commerce - Clothing and Accessories | E-Commerce - Clothing and Accessories | 54,678 | 8.6 | E-Commerce - Clothing and Accessories | 111,941 | 12.9 | ||||||||||||||||||||||
Consumer Products and Services | Consumer Products and Services | 78,826 | 9.1 | |||||||||||||||||||||||||
Financial Institution and Services | Financial Institution and Services | 71,673 | 8.3 | |||||||||||||||||||||||||
Household & Office Goods | Household & Office Goods | 42,470 | 4.9 | |||||||||||||||||||||||||
Other Financial Services | Other Financial Services | 40,474 | 4.7 | |||||||||||||||||||||||||
Real Estate Services | Real Estate Services | 38,651 | 4.5 | |||||||||||||||||||||||||
Security Services | Security Services | 38,282 | 4.4 | |||||||||||||||||||||||||
Healthcare Technology Systems | Healthcare Technology Systems | 42,120 | 6.6 | Healthcare Technology Systems | 37,418 | 4.3 | ||||||||||||||||||||||
Consumer Products and Services | 40,730 | 6.4 | ||||||||||||||||||||||||||
Network Systems Management Software | Network Systems Management Software | 39,859 | 6.3 | Network Systems Management Software | 37,283 | 4.3 | ||||||||||||||||||||||
Financial Institution and Services | 39,037 | 6.2 | ||||||||||||||||||||||||||
Travel & Leisure | Travel & Leisure | 31,686 | 3.7 | |||||||||||||||||||||||||
Entertainment | Entertainment | 38,636 | 6.1 | Entertainment | 30,881 | 3.6 | ||||||||||||||||||||||
Consumer Non-Durables | Consumer Non-Durables | 33,384 | 5.3 | Consumer Non-Durables | 30,531 | 3.5 | ||||||||||||||||||||||
Security Services | 30,459 | 4.8 | ||||||||||||||||||||||||||
Household & Office Goods | 30,447 | 4.8 | ||||||||||||||||||||||||||
Social/Platform Software | 30,412 | 4.8 | ||||||||||||||||||||||||||
Travel & Leisure | 30,028 | 4.7 | ||||||||||||||||||||||||||
Shopping Facilitators | Shopping Facilitators | 24,833 | 3.9 | Shopping Facilitators | 27,642 | 3.2 | ||||||||||||||||||||||
Real Estate Services | 23,887 | 3.8 | ||||||||||||||||||||||||||
Other Financial Services | 19,198 | 3.0 | ||||||||||||||||||||||||||
Business Products and Services | Business Products and Services | 22,940 | 2.7 | |||||||||||||||||||||||||
Business/Productivity Software | Business/Productivity Software | 17,393 | 2.0 | |||||||||||||||||||||||||
Consumer Finance | Consumer Finance | 17,345 | 2.0 | |||||||||||||||||||||||||
Food & Drug | Food & Drug | 15,720 | 2.5 | Food & Drug | 17,316 | 2.0 | ||||||||||||||||||||||
Multimedia and Design Software | Multimedia and Design Software | 15,082 | 2.4 | Multimedia and Design Software | 15,619 | 1.8 | ||||||||||||||||||||||
Buildings and Property | 15,000 | 2.4 | ||||||||||||||||||||||||||
E-Commerce - Personal Goods | E-Commerce - Personal Goods | 13,892 | 2.2 | E-Commerce - Personal Goods | 15,091 | 1.7 | ||||||||||||||||||||||
Commercial Services | 10,181 | 1.6 | ||||||||||||||||||||||||||
Consumer Finance | 6,150 | 1.0 | ||||||||||||||||||||||||||
Database Software | Database Software | 12,876 | 1.5 | |||||||||||||||||||||||||
Computer Hardware | Computer Hardware | 7,944 | 0.9 | |||||||||||||||||||||||||
Consumer Retail | Consumer Retail | 2,680 | 0.3 | |||||||||||||||||||||||||
Communications Software | Communications Software | 2,000 | 0.3 | Communications Software | 2,000 | 0.2 | ||||||||||||||||||||||
Consumer Retail | 1,346 | 0.2 | ||||||||||||||||||||||||||
General Media and Content | General Media and Content | 1,092 | 0.2 | General Media and Content | 1,092 | 0.1 | ||||||||||||||||||||||
Educational/Training Software | Educational/Training Software | 441 | 0.1 | Educational/Training Software | 252 | * | ||||||||||||||||||||||
Commercial Services | Commercial Services | 238 | * | |||||||||||||||||||||||||
Conferencing Equipment / Services | Conferencing Equipment / Services | 205 | * | Conferencing Equipment / Services | 205 | * | ||||||||||||||||||||||
Social/Platform Software | Social/Platform Software | 151 | * | |||||||||||||||||||||||||
Business to Business Marketplace | Business to Business Marketplace | 200 | * | Business to Business Marketplace | 144 | * | ||||||||||||||||||||||
Transportation | Transportation | 111 | * | |||||||||||||||||||||||||
Healthcare Services | Healthcare Services | 61 | * | |||||||||||||||||||||||||
Advertising / Marketing | Advertising / Marketing | 13 | * | |||||||||||||||||||||||||
Building Materials/Construction Machinery | Building Materials/Construction Machinery | 71 | * | Building Materials/Construction Machinery | 2 | * | ||||||||||||||||||||||
Transportation | 55 | * | ||||||||||||||||||||||||||
Advertising / Marketing | 13 | * | ||||||||||||||||||||||||||
Medical Software and Information Services | Medical Software and Information Services | — | — | Medical Software and Information Services | — | * | ||||||||||||||||||||||
Total portfolio company investments | Total portfolio company investments | $ | 633,779 | 100.0 | % | Total portfolio company investments | $ | 865,340 | 100.0 | % |
September 30, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments By Financing Product (dollars in thousands) | Debt Investments By Financing Product (dollars in thousands) | Fair Value | Percentage of Total Debt Investments | Fair Value | Percentage of Total Debt Investments | 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 | Growth capital loans | $ | 660,810 | 99.4 | % | $ | 574,414 | 98.4 | % | Growth capital loans | $ | 690,454 | 99.2 | % | $ | 752,268 | 99.4 | % | ||||||||||||||||||||||||||||||||||
Revolver loans | Revolver loans | 3,673 | 0.6 | 8,627 | 1.5 | Revolver loans | 4,658 | 0.7 | 4,029 | 0.5 | ||||||||||||||||||||||||||||||||||||||||||
Convertible notes | Convertible notes | 300 | — | 294 | 0.1 | Convertible notes | 925 | 0.1 | 925 | 0.1 | ||||||||||||||||||||||||||||||||||||||||||
Total debt investments | Total debt investments | $ | 664,783 | 100.0 | % | $ | 583,335 | 100.0 | % | Total debt investments | $ | 696,037 | 100.0 | % | $ | 757,222 | 100.0 | % |
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | For the Three Months Ended March 31, | ||||||||||||||||||||||||||||||||||||||
(in thousands) | (in thousands) | 2021 | 2020 | 2021 | 2020 | (in thousands) | 2022 | 2021 | ||||||||||||||||||||||||||||||||
Beginning portfolio at fair value | Beginning portfolio at fair value | $ | 647,717 | $ | 692,853 | $ | 633,779 | $ | 653,129 | Beginning portfolio at fair value | $ | 865,340 | $ | 633,779 | ||||||||||||||||||||||||||
New debt investments, net(1) | New debt investments, net(1) | 113,973 | 37,315 | 244,060 | 134,466 | New debt investments, net(1) | 61,459 | 55,642 | ||||||||||||||||||||||||||||||||
Scheduled principal amortization | Scheduled principal amortization | (14,118) | (19,479) | (52,302) | (37,426) | Scheduled principal amortization | (5,867) | (15,069) | ||||||||||||||||||||||||||||||||
Principal prepayments and early repayments | Principal prepayments and early repayments | (18,170) | (66,052) | (100,135) | (92,157) | Principal prepayments and early repayments | (115,535) | (35,966) | ||||||||||||||||||||||||||||||||
Amortization and accretion of premiums and discounts, net and end-of term payments | 3,404 | 4,086 | 5,015 | 12,134 | ||||||||||||||||||||||||||||||||||||
Net amortization and accretion of premiums and discounts and end-of term payments | Net amortization and accretion of premiums and discounts and end-of term payments | 1,934 | 1,119 | |||||||||||||||||||||||||||||||||||||
Payment-in-kind coupon | Payment-in-kind coupon | 2,117 | 2,271 | 6,330 | 5,887 | Payment-in-kind coupon | 1,583 | 1,981 | ||||||||||||||||||||||||||||||||
New warrant investments | New warrant investments | 1,652 | 561 | 5,519 | 1,788 | New warrant investments | 814 | 1,621 | ||||||||||||||||||||||||||||||||
New equity investments | New equity investments | 1,531 | 287 | 4,684 | 1,832 | New equity investments | 2,696 | 2,643 | ||||||||||||||||||||||||||||||||
Proceeds from dispositions of investments | Proceeds from dispositions of investments | (84) | (7,242) | (15,084) | (27,901) | Proceeds from dispositions of investments | (246) | (15,000) | ||||||||||||||||||||||||||||||||
Net realized gains (losses) on investments | Net realized gains (losses) on investments | (3,104) | 4,063 | (18,806) | 5,051 | Net realized gains (losses) on investments | (994) | (15,703) | ||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) on investments | Net change in unrealized gains (losses) on investments | 32,095 | (1,850) | 53,953 | (9,990) | Net change in unrealized gains (losses) on investments | (4,737) | 18,649 | ||||||||||||||||||||||||||||||||
Ending portfolio at fair value | Ending portfolio at fair value | $ | 767,013 | $ | 646,813 | $ | 767,013 | $ | 646,813 | Ending portfolio at fair value | $ | 806,447 | $ | 633,696 |
Commitments and Fundings (in thousands) | Commitments and Fundings (in thousands) | For the Three Months Ended September 30, | For the Nine Months Ended September 30, | Commitments and Fundings (in thousands) | For the Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
Debt Commitments | Debt Commitments | Debt Commitments | ||||||||||||||||||||||||||||||||||||||
New portfolio companies | New portfolio companies | $ | 61,667 | $ | 39,500 | $ | 221,379 | $ | 92,000 | New portfolio companies | $ | 93,732 | $ | 57,179 | ||||||||||||||||||||||||||
Existing portfolio companies | Existing portfolio companies | 54,647 | 47,325 | 87,866 | 111,313 | Existing portfolio companies | 32,000 | 33,219 | ||||||||||||||||||||||||||||||||
Total(1) | Total(1) | $ | 116,314 | $ | 86,825 | $ | 309,245 | $ | 203,313 | Total(1) | $ | 125,732 | $ | 90,398 | ||||||||||||||||||||||||||
Funded Debt Investments | Funded Debt Investments | $ | 116,954 | $ | 37,991 | $ | 249,884 | $ | 137,258 | Funded Debt Investments | $ | 62,703 | $ | 56,908 | ||||||||||||||||||||||||||
Equity Investments | Equity Investments | $ | 1,204 | $ | 287 | $ | 3,697 | $ | 1,832 | Equity Investments | $ | 2,362 | $ | 2,335 | ||||||||||||||||||||||||||
Non-Binding Term Sheets | Non-Binding Term Sheets | $ | 303,505 | $ | 145,500 | $ | 746,512 | $ | 317,921 | Non-Binding Term Sheets | $ | 656,629 | $ | 192,172 |
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 | Contact portfolio company periodically; in no event less than quarterly. | ||||||||||||
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. |
September 30, 2021 | December 31, 2020 | March 31, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit Category (dollars in thousands) | 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) | Clear (1) | $ | 72,256 | 10.9 | % | 4 | $ | 74,276 | 12.7 | % | 5 | Clear (1) | $ | 48,533 | 7.0 | % | 4 | $ | 166,091 | 21.9 | % | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
White (2) | White (2) | 577,983 | 86.9 | 35 | 413,193 | 70.8 | 24 | White (2) | 592,462 | 85.1 | 40 | 538,167 | 71.1 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Yellow (3) | Yellow (3) | — | — | — | 59,489 | 10.2 | 2 | Yellow (3) | 45,146 | 6.5 | 3 | 41,628 | 5.5 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Orange (4) | Orange (4) | 14,544 | 2.2 | 1 | 21,377 | 3.7 | 1 | Orange (4) | 9,896 | 1.4 | 1 | 11,336 | 1.5 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Red (5) | Red (5) | — | — | — | 15,000 | 2.6 | 1 | Red (5) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 664,783 | 100.0 | % | 40 | $ | 583,335 | 100.0 | % | 33 | $ | 696,037 | 100.0 | % | 48 | $ | 757,222 | 100.0 | % | 49 |
Ratios (Percentages, on an annualized basis)(1) | Ratios (Percentages, on an annualized basis)(1) | For the Three Months Ended September 30, | For the Nine Months Ended September 30, | Ratios (Percentages, on an annualized basis)(1) | For the Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
Weighted average annualized portfolio yield on total debt investments(2) | Weighted average annualized portfolio yield on total debt investments(2) | 12.3 | % | 14.1 | % | 13.2 | % | 13.4 | % | Weighted average annualized portfolio yield on total debt investments(2) | 15.5 | % | 13.3 | % | ||||||||||||||||||||||||||
Coupon income | Coupon income | 9.8 | % | 10.0 | % | 9.8 | % | 10.0 | % | Coupon income | 10.1 | % | 9.7 | % | ||||||||||||||||||||||||||
Accretion of discount | Accretion of discount | 0.9 | % | 1.0 | % | 0.8 | % | 1.0 | % | Accretion of discount | 0.8 | % | 0.9 | % | ||||||||||||||||||||||||||
Accretion of end-of-term payments | Accretion of end-of-term payments | 1.4 | % | 1.8 | % | 1.4 | % | 1.7 | % | Accretion of end-of-term payments | 1.8 | % | 1.3 | % | ||||||||||||||||||||||||||
Impact of prepayments during the period | Impact of prepayments during the period | 0.2 | % | 1.3 | % | 1.2 | % | 0.7 | % | Impact of prepayments during the period | 2.8 | % | 1.4 | % |
Returns on Net Asset Value and Total Assets (dollars in thousands) | Returns on Net Asset Value and Total Assets (dollars in thousands) | For the Three Months Ended September 30, | For the Nine Months Ended September 30, | Returns on Net Asset Value and Total Assets (dollars in thousands) | For the Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
Net investment income | Net investment income | $ | 9,887 | $ | 12,205 | $ | 28,197 | $ | 35,978 | Net investment income | $ | 13,547 | $ | 8,907 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets | Net increase (decrease) in net assets | $ | 38,860 | $ | 14,444 | $ | 62,705 | $ | 30,548 | Net increase (decrease) in net assets | $ | 5,705 | $ | 11,859 | ||||||||||||||||||||||||||
Average net asset value(1) | Average net asset value(1) | $ | 398,948 | $ | 411,583 | $ | 399,746 | $ | 406,162 | Average net asset value(1) | $ | 435,804 | $ | 402,043 | ||||||||||||||||||||||||||
Average total assets(1) | Average total assets(1) | $ | 698,584 | $ | 672,150 | $ | 693,154 | $ | 720,915 | Average total assets(1) | $ | 844,900 | $ | 695,203 | ||||||||||||||||||||||||||
Net investment income to average net asset value(2) | Net investment income to average net asset value(2) | 9.8 | % | 11.8 | % | 9.4 | % | 11.8 | % | Net investment income to average net asset value(2) | 12.6 | % | 9.0 | % | ||||||||||||||||||||||||||
Net increase (decrease) in net assets to average net asset value(2) | Net increase (decrease) in net assets to average net asset value(2) | 38.6 | % | 14.0 | % | 21.0 | % | 10.0 | % | Net increase (decrease) in net assets to average net asset value(2) | 5.3 | % | 12.0 | % | ||||||||||||||||||||||||||
Net investment income to average total assets(2) | Net investment income to average total assets(2) | 5.6 | % | 7.2 | % | 5.4 | % | 6.7 | % | Net investment income to average total assets(2) | 6.5 | % | 5.2 | % | ||||||||||||||||||||||||||
Net increase (decrease) in net assets to average total assets(2) | Net increase (decrease) in net assets to average total assets(2) | 22.1 | % | 8.5 | % | 12.1 | % | 5.7 | % | Net increase (decrease) in net assets to average total assets(2) | 2.7 | % | 6.9 | % |
Payments Due By Period (in thousands) | Payments Due By Period (in thousands) | September 30, 2021 | Payments Due By Period (in thousands) | March 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit Facility | Credit Facility | $ | 85,000 | $ | — | $ | 85,000 | $ | — | $ | — | Credit Facility | $ | 25,000 | $ | — | $ | 25,000 | $ | — | $ | — | ||||||||||||||||||||||||||||||||||||||||||
2025 Notes | 2025 Notes | 70,000 | — | — | 70,000 | — | 2025 Notes | 70,000 | — | 70,000 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2026 Notes | 2026 Notes | 200,000 | — | — | 200,000 | — | 2026 Notes | 200,000 | — | — | 200,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2027 Notes | 2027 Notes | 125,000 | — | — | 125,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 355,000 | $ | — | $ | 85,000 | $ | 270,000 | $ | — | Total | $ | 420,000 | $ | — | $ | 95,000 | $ | 325,000 | $ | — |
Unfunded Commitments(1) (in thousands) | Unfunded Commitments(1) (in thousands) | September 30, 2021 | December 31, 2020 | Unfunded Commitments(1) (in thousands) | March 31, 2022 | December 31, 2021 | ||||||||||||||||||||||
Tempo Interactive Inc. | Tempo Interactive Inc. | $ | 25,000 | $ | — | Tempo Interactive Inc. | $ | 25,000 | $ | 25,000 | ||||||||||||||||||
HomeLight, Inc. | 14,000 | 14,000 | ||||||||||||||||||||||||||
The Pill Club Holdings, Inc. | The Pill Club Holdings, Inc. | 20,000 | 20,000 | |||||||||||||||||||||||||
Found Health, Inc. | Found Health, Inc. | 20,000 | — | |||||||||||||||||||||||||
Arcadia Power, Inc. | Arcadia Power, Inc. | 18,000 | 18,000 | |||||||||||||||||||||||||
Good Eggs, Inc. | Good Eggs, Inc. | 14,000 | — | Good Eggs, Inc. | 14,000 | 14,000 | ||||||||||||||||||||||
Foodology Inc. | Foodology Inc. | 13,000 | — | |||||||||||||||||||||||||
RenoRun US Inc. | RenoRun US Inc. | 12,750 | 12,750 | |||||||||||||||||||||||||
Savage X, Inc. | Savage X, Inc. | 12,000 | 4,000 | Savage X, Inc. | 12,000 | 12,000 | ||||||||||||||||||||||
OfferUp Inc. | 10,000 | 10,000 | ||||||||||||||||||||||||||
Activehours, Inc. (d/b/a Earnin) | Activehours, Inc. (d/b/a Earnin) | 10,000 | 9,000 | Activehours, Inc. (d/b/a Earnin) | 10,000 | 10,000 | ||||||||||||||||||||||
Homeward, Inc. | Homeward, Inc. | 10,000 | 10,000 | |||||||||||||||||||||||||
Forum Brands, LLC | Forum Brands, LLC | 9,891 | 12,951 | |||||||||||||||||||||||||
Merama Inc. | Merama Inc. | 9,718 | — | Merama Inc. | 9,718 | 9,718 | ||||||||||||||||||||||
Curology, Inc. | Curology, Inc. | 9,000 | 9,000 | Curology, Inc. | 9,000 | 9,000 | ||||||||||||||||||||||
Grey Orange International Inc. | 8,667 | — | ||||||||||||||||||||||||||
Forum Brands, LLC | 8,241 | — | ||||||||||||||||||||||||||
TFG Holding, Inc. | 7,000 | 7,000 | ||||||||||||||||||||||||||
Dialpad, Inc. | 5,000 | 5,000 | ||||||||||||||||||||||||||
Demain ES (d/b/a Luko) | Demain ES (d/b/a Luko) | 7,780 | 7,940 | |||||||||||||||||||||||||
everdrop GmbH | everdrop GmbH | 6,446 | — | |||||||||||||||||||||||||
Project 1920, Inc. | Project 1920, Inc. | 5,400 | — | |||||||||||||||||||||||||
True Footage Inc. | True Footage Inc. | 5,110 | 5,695 | |||||||||||||||||||||||||
Cart.com, Inc. | Cart.com, Inc. | 5,000 | — | |||||||||||||||||||||||||
Don't Run Out, Inc. | Don't Run Out, Inc. | 5,000 | 5,000 | |||||||||||||||||||||||||
FlashParking, Inc. | FlashParking, Inc. | 4,115 | — | FlashParking, Inc. | 3,490 | 3,837 | ||||||||||||||||||||||
Baby Generation, Inc. | Baby Generation, Inc. | 3,125 | — | |||||||||||||||||||||||||
Trendly, Inc. | Trendly, Inc. | 3,000 | 3,000 | |||||||||||||||||||||||||
Thingy Thing Inc. | Thingy Thing Inc. | 2,000 | 2,000 | |||||||||||||||||||||||||
JOKR S.à r.l. | JOKR S.à r.l. | 1,496 | 1,496 | |||||||||||||||||||||||||
Belong Home, Inc. | Belong Home, Inc. | 1,000 | — | |||||||||||||||||||||||||
Narvar, Inc. | Narvar, Inc. | 3,750 | 3,750 | Narvar, Inc. | — | 3,750 | ||||||||||||||||||||||
Sonder USA, Inc. | Sonder USA, Inc. | 3,000 | 3,000 | Sonder USA, Inc. | — | 3,000 | ||||||||||||||||||||||
Clutter, Inc. | 3,000 | 9,000 | ||||||||||||||||||||||||||
Trendly, Inc. | 3,000 | — | ||||||||||||||||||||||||||
Minted, Inc. | 2,500 | — | ||||||||||||||||||||||||||
VanMoof Global Holding B.V. | VanMoof Global Holding B.V. | 2,070 | — | VanMoof Global Holding B.V. | — | 2,025 | ||||||||||||||||||||||
Hello Digit, Inc. | 2,000 | 2,500 | ||||||||||||||||||||||||||
Alyk, Inc. | Alyk, Inc. | 500 | — | Alyk, Inc. | — | 500 | ||||||||||||||||||||||
Farmer's Business Network, Inc. | — | 20,000 | ||||||||||||||||||||||||||
Capsule Corp. | — | 15,000 | ||||||||||||||||||||||||||
Grove Collaborative, Inc. | — | 11,000 | ||||||||||||||||||||||||||
Imperfect Foods, Inc. | — | 6,000 | ||||||||||||||||||||||||||
Envoy, Inc. | — | 4,000 | ||||||||||||||||||||||||||
Total | Total | $ | 156,561 | $ | 132,250 | Total | $ | 232,206 | $ | 191,662 |
Unfunded Commitments(1) (in thousands) | Unfunded Commitments(1) (in thousands) | September 30, 2021 | December 31, 2020 | Unfunded Commitments(1) (in thousands) | March 31, 2022 | December 31, 2021 | ||||||||||||||||||||||
Dependent on milestones | Dependent on milestones | $ | 40,750 | $ | 17,500 | Dependent on milestones | $ | 51,750 | $ | 50,250 | ||||||||||||||||||
Expiring during: | Expiring during: | Expiring during: | ||||||||||||||||||||||||||
2021 | $ | 45,167 | $ | 122,250 | ||||||||||||||||||||||||
2022 | 2022 | 96,038 | 7,000 | 2022 | $ | 139,565 | $ | 131,429 | ||||||||||||||||||||
2023 | 2023 | 12,356 | — | 2023 | 85,641 | 50,233 | ||||||||||||||||||||||
2024 | 2024 | 3,000 | 3,000 | 2024 | 7,000 | 10,000 | ||||||||||||||||||||||
Total | Total | $ | 156,561 | $ | 132,250 | Total | $ | 232,206 | $ | 191,662 |
Period Ended | Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | ||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2014 | 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 | 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 | 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 | 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 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 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 | 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 | 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 | 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 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 | 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 | 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 | 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 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 | 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 | 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 | 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 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 | 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 | 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 | 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 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 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 | 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 | 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 | 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 | 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 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2020 | September 30, 2020 | July 30, 2020 | August 31, 2020 | September 15, 2020 | 0.36 | 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 | 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) | 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 | March 31, 2021 | February 24, 2021 | March 15, 2021 | March 31, 2021 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | June 30, 2021 | April 29, 2021 | June 16, 2021 | June 30, 2021 | 0.36 | June 30, 2021 | April 29, 2021 | June 16, 2021 | June 30, 2021 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2021 | September 30, 2021 | July 28, 2021 | August 31, 2021 | September 15, 2021 | 0.36 | September 30, 2021 | July 28, 2021 | August 31, 2021 | September 15, 2021 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | October 29, 2021 | November 30, 2021 | December 15, 2021 | 0.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | February 22, 2022 | March 15, 2022 | March 31, 2022 | 0.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total cash distributions | $ | 11.14 | Total cash distributions | $ | 11.86 |
Change in Interest Rates (in thousands) | 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 | Up 300 basis points | $ | 7,776 | $ | (2,236) | $ | 5,540 | Up 300 basis points | $ | 10,647 | $ | (750) | $ | 9,897 | ||||||||||||||||||||||||||
Up 200 basis points | Up 200 basis points | $ | 4,313 | $ | (1,386) | $ | 2,927 | Up 200 basis points | $ | 6,852 | $ | (500) | $ | 6,352 | ||||||||||||||||||||||||||
Up 100 basis points | Up 100 basis points | $ | 2,089 | $ | (536) | $ | 1,553 | Up 100 basis points | $ | 3,372 | $ | (250) | $ | 3,122 | ||||||||||||||||||||||||||
Up 50 basis points | Up 50 basis points | $ | 1,045 | $ | (111) | $ | 934 | Up 50 basis points | $ | 1,686 | $ | (125) | $ | 1,561 | ||||||||||||||||||||||||||
Down 50 basis points | Down 50 basis points | $ | — | $ | — | $ | — | Down 50 basis points | $ | (843) | $ | 6 | $ | (837) | ||||||||||||||||||||||||||
Down 100 basis points | Down 100 basis points | $ | — | $ | — | $ | — | Down 100 basis points | $ | (843) | $ | 6 | $ | (837) | ||||||||||||||||||||||||||
Down 200 basis points | Down 200 basis points | $ | — | $ | — | $ | — | Down 200 basis points | $ | (843) | $ | 6 | $ | (837) | ||||||||||||||||||||||||||
Down 300 basis points | Down 300 basis points | $ | — | $ | — | $ | — | Down 300 basis points | $ | (843) | $ | 6 | $ | (837) |
3.1 | |||||
3.2 | |||||
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) |
Date: | By: | /s/ Christopher M. Mathieu | ||||||||||||
Christopher M. Mathieu | ||||||||||||||
Chief Financial Officer | ||||||||||||||
(Principal Financial and Accounting Officer) |