TriplePoint Venture Growth (NYSE:TPVG) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET

Company Representatives

Jim Labe - Chief Executive Officer, Chairman of the Board

Sajal Srivastava - President, Chief Investment Officer

Chris Mathieu - Chief Financial Officer

Conference Call Participants

Finian O’Shea - Wells Fargo Securities

Christopher Nolan - Ladenburg Thalmann

Kevin Fultz - JMP Securities

Crispin Love - Piper Sandler

Casey Alexander - Compass Point

Ryan Lynch - KBW

Operator

Good afternoon, ladies and gentlemen. Welcome to the TriplePoint Venture Growth, BDC Corp., First Quarter 2022 Earnings Conference Call.

At this time all lines have been placed in a listen-only mode. After the speaker's 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 first quarter 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 the 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 statement 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.

Now, I'd like to turn the conference over to Mr. Labe. Please go ahead.

Jim Labe

Thank you, operator. Good afternoon, everyone and thank you for joining TPVG's first quarter 2022 earnings call. We are pleased with our strong first quarter results.

We over-earned our dividend, hit our funding target, increased our portfolio yield and maintained our credit quality. We are on track to carry out our 2022 plans drawing on TPVG’s differentiated platform, our strong earnings generation capabilities and our balance sheet strength. This includes our $125 million private debt offering during the quarter and DBRS recently reaffirming our investment grade rating.