TriplePoint Venture Growth Q3 net investment income falls, NAV per share declines
TPVG•TriplePoint Venture Growth’s Q3 net investment income fell year over year, and NAV per share declined to $8.32 from $8.73 at the prior year-end. The company declared a Q4 2026 regular distribution of $0.23 per share and a supplemental distribution of $0.06 per share.
1. Q3 results
TriplePoint Venture Growth reported that its Q3 net investment income fell year over year. Net asset value was $339.92 million, or $8.32 per share, down from $8.73 per share at the prior year-end.
2. Distributions and fees
The company declared a regular Q4 2026 distribution of $0.23 per share and a supplemental distribution of $0.06 per share, payable December 30, 2026. Its adviser will waive the quarterly income incentive fee through the end of fiscal 2027.
3. Factors affecting results
The company said lower investment yields, partly due to a lower Prime rate, reduced investment income during the quarter. It also reported increased interest expense and operating costs; realized losses were mainly due to the sale and write-off of investments in certain portfolio companies.
