TriplePoint Venture Growth (NYSE:TPVG) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET
Company Participants
James Labe - Chairman and CEO
Sajal Srivastava - President and Chief Investment Officer
Christopher Mathieu - CFO
Conference Call Participants
Finian O'Shea - Wells Fargo Securities LLC
Paul Johnson - KBW
Christopher Nolan - Ladenburg Thalmann
Operator
Good afternoon, ladies and gentlemen. Welcome to the TriplePoint Venture Growth BDC Corp. Third Quarter 2022 Earnings Conference Call. At this time, all lines have been placed in a listen-only mode. After the speakers' remarks, there will be an opportunity to ask questions and instructions will follow at that time. This conference is being record and a replay of the call will be available in an audio webcast on the TriplePoint Venture Growth website.
Company management is pleased to share with you the Company's results for the third quarter of 2022. Today representing the Company is Jim Labe, Chief Executive Officer and Chairman of the Board; Sajal Srivastava, President and Chief Investment Officer; and Chris Mathieu, Chief Financial Officer.
Before I turn the call over to Mr. Labe, I'd like to direct your attention to the customary Safe-Harbor disclosure in the Company's press release regarding forward-looking statements and remind you that during this call management will make certain statements that relate to the future events or the Company's future performance or financial condition, which are considered forward-looking statements under Federal Securities Law. You are asked to refer to the Company's most recent filings with the Securities and Exchange Commission for important factors that could cause actual results to differ materially from these statements.
The Company does not undertake any obligation to update any forward-looking statements or projections unless required by law. Investors are cautioned not to place undue reliance on any forward-looking statements made during the call, which reflect management's opinions only as of today. To obtain copies of our latest SEC filings, please visit the Company's website at www.tpvg.com.
And at this point, I'd now like to turn the conference over to Mr. Labe. Please go ahead.
James Labe
Good afternoon, everyone. And thank you for joining TPVGs third quarter earnings call. During the quarter, we further capitalize on the strong demand for our financing while continuing to grow the portfolio in a disciplined manner. We're pleased to have efficiently invested the capital from our recent accretive $55 million equity offering. This helped us grow our portfolio to a record fair value of almost a billion generate net investment income or NII of $0.51 per share and achieve a weighted average portfolio yield of 13.8%.