TriplePoint Private Venture Credit Inc

CIK 0001792509TriplePoint

TriplePoint Private Venture Credit Inc. is a non-traded business development company advised by TriplePoint. With $397 million in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 81% in first-lien senior secured loans and 66% in floating-rate debt by fair value, at a weighted-average spread of 374 bps over the base rate.

NAV/Share

$10.44

AUM

$397.1M

Positions

464

Strategy

Private Credit

Wtd. Avg. Coupon

5.5%

89% coverage

Wtd. Avg. Spread

4 bps

Wtd. Avg. Maturity

2.2 yrs

78% coverage

Top 10 Concentration

23.1%

PIK in Terms

16.5%

Instrument type

Share of portfolio fair value

First Lien

81%

of fair value

First Lien80.8%

Equity19.0%

Fund Vehicles0.1%

Other0.1%

Industry exposure

Share of holdings fair value

Top 5

99%

of holdings

Utilities1.8%

Materials0.9%

Industrials0.7%

Communication Services0.5%

Consumer Discretionary0.4%

Information Technology0.3%

Health Care0.1%

Real Estate0.0%

Unknown95.4%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.