(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 | 84-3383695 | |||||||
(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 | ||||||||||||
None | None | None |
Large accelerated filer | ¨ | Accelerated filer | ¨ | ||||||||
Non-accelerated filer | x | Smaller reporting company | ¨ | ||||||||
Emerging growth company | x |
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. | ||||||||
March 31, 2022 | December 31, 2021 | June 30, 2022 | December 31, 2021 | |||||||||||||||||||
(unaudited) | (unaudited) | |||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||
Investments at fair value (amortized cost of $366,108 and $337,625, respectively) | $ | 374,243 | $ | 343,984 | ||||||||||||||||||
Investments at fair value (amortized cost of $396,196 and $337,625, respectively) | Investments at fair value (amortized cost of $396,196 and $337,625, respectively) | $ | 402,847 | $ | 343,984 | |||||||||||||||||
Cash and cash equivalents | Cash and cash equivalents | 29,406 | 17,412 | Cash and cash equivalents | 29,885 | 17,412 | ||||||||||||||||
Restricted cash | Restricted cash | 944 | 3,660 | Restricted cash | 158 | 3,660 | ||||||||||||||||
Deferred credit facility costs | Deferred credit facility costs | 1,975 | 2,146 | Deferred credit facility costs | 2,147 | 2,146 | ||||||||||||||||
Prepaid expenses and other assets | Prepaid expenses and other assets | 305 | 447 | Prepaid expenses and other assets | 267 | 447 | ||||||||||||||||
Total assets | Total assets | $ | 406,873 | $ | 367,649 | Total assets | $ | 435,304 | $ | 367,649 | ||||||||||||
Liabilities | Liabilities | Liabilities | ||||||||||||||||||||
Revolving Credit Facility | Revolving Credit Facility | $ | 101,000 | $ | 133,500 | Revolving Credit Facility | $ | 54,000 | $ | 133,500 | ||||||||||||
2027 Notes, net | 2027 Notes, net | 74,118 | — | |||||||||||||||||||
Base management fee payable | Base management fee payable | 1,073 | 798 | Base management fee payable | 1,232 | 798 | ||||||||||||||||
Income incentive fee payable | Income incentive fee payable | 1,853 | 1,444 | Income incentive fee payable | 1,948 | 1,444 | ||||||||||||||||
Capital gains incentive fee payable | Capital gains incentive fee payable | 1,549 | 1,433 | Capital gains incentive fee payable | 1,206 | 1,433 | ||||||||||||||||
Dividend payable | 16 | — | ||||||||||||||||||||
Other accrued expenses and liabilities | Other accrued expenses and liabilities | 6,288 | 10,712 | Other accrued expenses and liabilities | 7,314 | 10,712 | ||||||||||||||||
Total liabilities | Total liabilities | $ | 111,779 | $ | 147,887 | Total liabilities | $ | 139,818 | $ | 147,887 | ||||||||||||
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 (50,000,000 shares authorized; 525 shares issued and outstanding) | Preferred stock, par value $0.01 per share (50,000,000 shares authorized; 525 shares issued and outstanding) | $ | — | $ | — | Preferred stock, par value $0.01 per share (50,000,000 shares authorized; 525 shares issued and outstanding) | $ | — | $ | — | ||||||||||||
Common stock, par value $0.01 per share | Common stock, par value $0.01 per share | 182 | 140 | Common stock, par value $0.01 per share | 182 | 140 | ||||||||||||||||
Paid-in capital in excess of par value | Paid-in capital in excess of par value | 280,631 | 213,204 | Paid-in capital in excess of par value | 280,631 | 213,204 | ||||||||||||||||
Total distributable earnings | Total distributable earnings | 14,281 | 6,418 | Total distributable earnings | 14,673 | 6,418 | ||||||||||||||||
Total net assets | Total net assets | $ | 295,094 | $ | 219,762 | Total net assets | $ | 295,486 | $ | 219,762 | ||||||||||||
Total liabilities and net assets | Total liabilities and net assets | $ | 406,873 | $ | 367,649 | Total liabilities and net assets | $ | 435,304 | $ | 367,649 | ||||||||||||
Shares of common stock outstanding (par value $0.01 per share and 450,000,000 shares authorized) | Shares of common stock outstanding (par value $0.01 per share and 450,000,000 shares authorized) | 18,222,514 | 13,991,836 | Shares of common stock outstanding (par value $0.01 per share and 450,000,000 shares authorized) | 18,222,514 | 13,991,836 | ||||||||||||||||
Net asset value per common share | Net asset value per common share | $ | 16.17 | $ | 15.67 | Net asset value per common share | $ | 16.19 | $ | 15.67 |
For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | |||||||||||||||||||||||||||||
Investment income | Investment income | Investment income | ||||||||||||||||||||||||||||||||
Interest income from investments | Interest income from investments | $ | 12,231 | $ | 4,214 | Interest income from investments | $ | 13,905 | $ | 5,186 | $ | 26,136 | $ | 9,400 | ||||||||||||||||||||
Other income | Other income | Other income | ||||||||||||||||||||||||||||||||
Expirations / terminations of unfunded commitments | Expirations / terminations of unfunded commitments | 206 | 10 | Expirations / terminations of unfunded commitments | 131 | — | 337 | 10 | ||||||||||||||||||||||||||
Other fees | Other fees | 325 | 2 | Other fees | 31 | 50 | 359 | 52 | ||||||||||||||||||||||||||
Total investment and other income | Total investment and other income | 12,762 | 4,226 | Total investment and other income | 14,067 | 5,236 | 26,832 | 9,462 | ||||||||||||||||||||||||||
Operating expenses | Operating expenses | Operating expenses | ||||||||||||||||||||||||||||||||
Base management fee | Base management fee | 1,073 | 470 | Base management fee | 1,232 | 499 | 2,305 | 969 | ||||||||||||||||||||||||||
Income incentive fee | Income incentive fee | 1,853 | — | Income incentive fee | 1,948 | 47 | 3,801 | 47 | ||||||||||||||||||||||||||
Capital gains incentive fee | Capital gains incentive fee | 116 | — | Capital gains incentive fee | (343) | 249 | (226) | 249 | ||||||||||||||||||||||||||
Interest expense and amortization of fees | Interest expense and amortization of fees | 1,622 | 1,809 | Interest expense and amortization of fees | 2,262 | 1,823 | 3,884 | 3,632 | ||||||||||||||||||||||||||
Administration agreement expenses | Administration agreement expenses | 433 | 306 | Administration agreement expenses | 415 | 252 | 848 | 558 | ||||||||||||||||||||||||||
General and administrative expenses | General and administrative expenses | 369 | 278 | General and administrative expenses | 419 | 315 | 788 | 592 | ||||||||||||||||||||||||||
Total operating expenses | Total operating expenses | 5,466 | 2,863 | Total operating expenses | 5,933 | 3,185 | 11,400 | 6,047 | ||||||||||||||||||||||||||
Net investment income | Net investment income | 7,296 | 1,363 | Net investment income | 8,134 | 2,051 | 15,432 | 3,415 | ||||||||||||||||||||||||||
Net realized and unrealized gains | ||||||||||||||||||||||||||||||||||
Net realized and unrealized gains/(losses) | Net realized and unrealized gains/(losses) | |||||||||||||||||||||||||||||||||
Net realized gains/(losses) on investments | Net realized gains/(losses) on investments | (1,192) | 63 | Net realized gains/(losses) on investments | (232) | 70 | (1,423) | 134 | ||||||||||||||||||||||||||
Net change in unrealized gains on investments | 1,774 | 75 | ||||||||||||||||||||||||||||||||
Net realized and unrealized gains | 582 | 138 | ||||||||||||||||||||||||||||||||
Net change in unrealized gains/(losses) on investments | Net change in unrealized gains/(losses) on investments | (1,482) | 1,148 | 291 | 1,223 | |||||||||||||||||||||||||||||
Net realized and unrealized gains/(losses) | Net realized and unrealized gains/(losses) | (1,714) | 1,218 | (1,132) | 1,357 | |||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | Net increase in net assets resulting from operations | $ | 7,878 | $ | 1,501 | Net increase in net assets resulting from operations | $ | 6,420 | $ | 3,269 | $ | 14,300 | $ | 4,772 | ||||||||||||||||||||
Basic and diluted net investment income per common share | Basic and diluted net investment income per common share | $ | 0.45 | $ | 0.19 | Basic and diluted net investment income per common share | $ | 0.45 | $ | 0.27 | $ | 0.89 | $ | 0.46 | ||||||||||||||||||||
Basic and diluted net increase in net assets per common share | Basic and diluted net increase in net assets per common share | $ | 0.48 | $ | 0.21 | Basic and diluted net increase in net assets per common share | $ | 0.35 | $ | 0.43 | $ | 0.83 | $ | 0.64 | ||||||||||||||||||||
Basic and diluted weighted average shares of common stock outstanding | Basic and diluted weighted average shares of common stock outstanding | 16,293,025 | 7,182,465 | Basic and diluted weighted average shares of common stock outstanding | 18,222,514 | 7,622,710 | 17,263,099 | 7,403,803 |
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 | Preferred stock | Common stock | Preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Par value | Shares | Par value | Shares | Par value | Shares | Par value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2020 | 7,001,667 | $ | 70 | 525 | $ | — | $ | 103,387 | $ | 2,684 | $ | 106,141 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2021 | Balance at March 31, 2021 | 7,503,014 | $ | 75 | 525 | $ | — | $ | 111,082 | $ | 4,170 | $ | 115,327 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock | Issuance of common stock | 501,347 | 5 | — | — | 7,695 | — | 7,700 | Issuance of common stock | 226,924 | 2 | — | — | 3,498 | — | 3,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock distributions from distributable earnings | Common stock distributions from distributable earnings | — | — | — | — | — | — | — | Common stock distributions from distributable earnings | — | — | — | — | — | (2,251) | (2,251) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock distributions from distributable earnings | Preferred stock distributions from distributable earnings | — | — | — | — | — | (15) | (15) | Preferred stock distributions from distributable earnings | — | — | — | — | — | (15) | (15) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | Net increase in net assets resulting from operations | — | — | — | — | — | 1,501 | 1,501 | Net increase in net assets resulting from operations | — | — | — | — | — | 3,269 | 3,269 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2021 | 7,503,014 | $ | 75 | 525 | $ | — | $ | 111,082 | $ | 4,170 | $ | 115,327 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at June 30, 2021 | Balance at June 30, 2021 | 7,729,938 | $ | 77 | 525 | $ | — | $ | 114,580 | $ | 5,173 | $ | 119,830 |
Balance at December 31, 2020 | 7,001,667 | $ | 70 | 525 | $ | — | $ | 103,387 | $ | 2,684 | $ | 106,141 | |||||||||||||||||||||||||||||
Issuance of common stock | 728,271 | 7 | — | — | 11,193 | — | 11,200 | ||||||||||||||||||||||||||||||||||
Common stock distributions from distributable earnings | — | — | — | — | — | (2,251) | (2,251) | ||||||||||||||||||||||||||||||||||
Preferred stock distributions from distributable earnings | — | — | — | — | — | (32) | (32) | ||||||||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | — | — | — | — | — | 4,772 | 4,772 | ||||||||||||||||||||||||||||||||||
Balance at June 30, 2021 | 7,729,938 | $ | 77 | 525 | $ | — | $ | 114,580 | $ | 5,173 | $ | 119,830 |
Balance at December 31, 2021 | 13,991,836 | $ | 140 | 525 | $ | — | $ | 213,204 | $ | 6,418 | $ | 219,762 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2022 | Balance at March 31, 2022 | 18,222,514 | $ | 182 | 525 | $ | — | $ | 280,631 | $ | 14,281 | $ | 295,094 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock | Issuance of common stock | 4,230,678 | 42 | — | — | 67,427 | — | 67,469 | Issuance of common stock | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock distributions from distributable earnings | Common stock distributions from distributable earnings | — | — | — | — | — | (6,013) | (6,013) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred stock distributions from distributable earnings | Preferred stock distributions from distributable earnings | — | — | — | — | — | (15) | (15) | Preferred stock distributions from distributable earnings | — | — | — | — | — | (15) | (15) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | Net increase in net assets resulting from operations | — | — | — | — | — | 7,878 | 7,878 | Net increase in net assets resulting from operations | — | — | — | — | — | 6,420 | 6,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2022 | 18,222,514 | $ | 182 | 525 | $ | — | $ | 280,631 | $ | 14,281 | $ | 295,094 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at June 30, 2022 | Balance at June 30, 2022 | 18,222,514 | $ | 182 | 525 | $ | — | $ | 280,631 | $ | 14,673 | $ | 295,486 |
Balance at December 31, 2021 | 13,991,836 | $ | 140 | 525 | $ | — | $ | 213,204 | $ | 6,418 | $ | 219,762 | |||||||||||||||||||||||||||||
Issuance of common stock | 4,230,678 | 42 | — | — | 67,427 | — | 67,469 | ||||||||||||||||||||||||||||||||||
Common stock distributions from distributable earnings | — | — | — | — | — | (6,013) | (6,013) | ||||||||||||||||||||||||||||||||||
Preferred stock distributions from distributable earnings | — | — | — | — | — | (32) | (32) | ||||||||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | — | — | — | — | — | 14,300 | 14,300 | ||||||||||||||||||||||||||||||||||
Balance at June 30, 2022 | 18,222,514 | $ | 182 | 525 | $ | — | $ | 280,631 | $ | 14,673 | $ | 295,486 |
For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | |||||||||||||||||||
Cash Flows from Operating Activities: | Cash Flows from Operating Activities: | Cash Flows from Operating Activities: | ||||||||||||||||||||
Net increase in net assets resulting from operations | Net increase in net assets resulting from operations | $ | 7,878 | $ | 1,501 | Net increase in net assets resulting from operations | $ | 14,300 | $ | 4,772 | ||||||||||||
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities: | Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities: | Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities: | ||||||||||||||||||||
Fundings and purchases of investments, net | (54,383) | (24,813) | ||||||||||||||||||||
Fundings and purchases of investments | Fundings and purchases of investments | (118,272) | (63,716) | |||||||||||||||||||
Principal payments and proceeds from investments | Principal payments and proceeds from investments | 27,710 | 6,498 | Principal payments and proceeds from investments | 63,926 | 26,011 | ||||||||||||||||
Payment-in-kind interest on investments | Payment-in-kind interest on investments | (195) | — | Payment-in-kind interest on investments | (252) | (71) | ||||||||||||||||
Net change in unrealized (gains) losses on investments | Net change in unrealized (gains) losses on investments | (1,774) | (75) | Net change in unrealized (gains) losses on investments | (291) | (1,223) | ||||||||||||||||
Net realized (gains) losses on investments | Net realized (gains) losses on investments | 1,192 | (63) | Net realized (gains) losses on investments | 1,423 | (134) | ||||||||||||||||
Amortization and accretion of premiums and discounts, net | Amortization and accretion of premiums and discounts, net | (2,838) | (724) | Amortization and accretion of premiums and discounts, net | (5,530) | (1,175) | ||||||||||||||||
Amortization of debt fees and issuance costs | Amortization of debt fees and issuance costs | 185 | 122 | Amortization of debt fees and issuance costs | 418 | 244 | ||||||||||||||||
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 | 142 | (103) | Prepaid expenses and other assets | 180 | (41) | ||||||||||||||||
Base management fee payable | Base management fee payable | 275 | 7 | Base management fee payable | 434 | 36 | ||||||||||||||||
Income incentive fee payable | Income incentive fee payable | 409 | — | Income incentive fee payable | 504 | 47 | ||||||||||||||||
Capital gains incentive fee payable | Capital gains incentive fee payable | 116 | — | Capital gains incentive fee payable | (227) | 249 | ||||||||||||||||
Other accrued expenses and liabilities | Other accrued expenses and liabilities | (4,408) | (582) | Other accrued expenses and liabilities | (3,366) | (72) | ||||||||||||||||
Net cash used in operating activities | Net cash used in operating activities | (25,692) | (18,232) | Net cash used in operating activities | (46,753) | (35,073) | ||||||||||||||||
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 | 30,000 | — | Borrowings under revolving credit facility | 50,000 | 13,000 | ||||||||||||||||
Repayments under revolving credit facility | Repayments under revolving credit facility | (62,500) | — | Repayments under revolving credit facility | (129,500) | — | ||||||||||||||||
Issuance of 2027 Notes | Issuance of 2027 Notes | 75,000 | — | |||||||||||||||||||
Common stock distributions paid | Common stock distributions paid | (6,013) | (2,251) | |||||||||||||||||||
Preferred stock distributions paid | Preferred stock distributions paid | (32) | (32) | |||||||||||||||||||
Debt issuance costs 2027 Notes | Debt issuance costs 2027 Notes | (918) | — | |||||||||||||||||||
Deferred credit facility costs | Deferred credit facility costs | (282) | — | |||||||||||||||||||
Proceeds from issuance of common stock | Proceeds from issuance of common stock | 67,470 | 7,700 | Proceeds from issuance of common stock | 67,469 | 11,200 | ||||||||||||||||
Net cash provided by provided by financing activities | Net cash provided by provided by financing activities | 34,970 | 7,700 | Net cash provided by provided by financing activities | 55,724 | 21,917 | ||||||||||||||||
Net change in cash, cash equivalents and restricted cash | Net change in cash, cash equivalents and restricted cash | 9,278 | (10,532) | Net change in cash, cash equivalents and restricted cash | 8,971 | (13,156) | ||||||||||||||||
Cash, cash equivalents and restricted cash at beginning of period | Cash, cash equivalents and restricted cash at beginning of period | 21,072 | 34,140 | Cash, cash equivalents and restricted cash at beginning of period | 21,072 | 34,140 | ||||||||||||||||
Cash, cash equivalents and restricted cash at end of period | Cash, cash equivalents and restricted cash at end of period | $ | 30,350 | $ | 23,608 | Cash, cash equivalents and restricted cash at end of period | $ | 30,043 | $ | 20,984 | ||||||||||||
March 31, 2022 | March 31, 2021 | June 30, 2022 | June 30, 2021 | |||||||||||||||||||
Cash and cash equivalents | Cash and cash equivalents | $ | 29,406 | $ | 23,218 | Cash and cash equivalents | $ | 29,885 | $ | 20,616 | ||||||||||||
Restricted cash | Restricted cash | 944 | 390 | Restricted cash | 158 | 368 | ||||||||||||||||
Total cash, cash equivalents and restricted cash shown in the statements of cash flows | Total cash, cash equivalents and restricted cash shown in the statements of cash flows | $ | 30,350 | $ | 23,608 | Total cash, cash equivalents and restricted cash shown in the statements of cash flows | $ | 30,043 | $ | 20,984 | ||||||||||||
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 | $ | 1,328 | $ | 1,672 | Cash paid for interest | $ | 2,262 | $ | 3,381 | ||||||||||||
Excise taxes paid | Excise taxes paid | $ | 32 | $ | 13 | Excise taxes paid | $ | 32 | $ | 13 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company | Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments | Debt Investments | Debt Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aerospace and Defense | Aerospace and Defense | Aerospace and Defense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dedrone Holdings, Inc. | Dedrone Holdings, Inc. | Growth Capital Loan (Prime + 4.25% interest rate, 7.50% floor, 5.50% EOT payment) | 3/31/2021 | $ | 3,458 | $ | 3,513 | $ | 3,513 | 3/31/2024 | Dedrone Holdings, Inc. | Growth Capital Loan (Prime + 4.25% interest rate, 7.50% floor, 5.50% EOT payment) | 3/31/2021 | $ | 3,055 | $ | 3,152 | $ | 3,152 | 3/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Aerospace and Defense - 1.19%* | 3,458 | 3,513 | 3,513 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Aerospace and Defense - 1.07%* | Total Aerospace and Defense - 1.07%* | 3,055 | 3,152 | 3,152 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Application Software | Application Software | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Flo Health UK Limited(1)(3) | Flo Health UK Limited(1)(3) | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 3.00% EOT payment)(2) | 5/17/2022 | 667 | 660 | 660 | 5/31/2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Application Software - 0.22%* | Total Application Software - 0.22%* | 667 | 660 | 660 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Applications Software | Business Applications Software | Business Applications Software | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Filevine, Inc. | Growth Capital Loan (6.00% cash interest rate + 6.00% PIK, 5.50% EOT payment)(2) | 4/20/2021 | 7,401 | 7,403 | 7,403 | 4/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Filevine, Inc. | Growth Capital Loan (6.00% cash interest rate + 6.00% PIK, 5.50% EOT payment)(2) | 9/30/2021 | 3,092 | 3,061 | 3,061 | 9/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10,493 | 10,464 | 10,464 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | FlashParking, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.00% EOT payment) | 6/15/2021 | 10,000 | 9,796 | 9,796 | 6/30/2024 | FlashParking, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.00% EOT payment) | 6/15/2021 | 10,000 | 9,883 | 9,883 | 6/30/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/24/2021 | 338 | 334 | 334 | 9/30/2023 | FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/24/2021 | 338 | 337 | 337 | 9/30/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/28/2021 | 547 | 540 | 540 | 9/30/2023 | FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/28/2021 | 547 | 544 | 544 | 9/30/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 10/27/2021 | 278 | 277 | 277 | 10/31/2023 | FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 10/27/2021 | 278 | 279 | 279 | 10/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FlashParking, Inc. | FlashParking, Inc. | 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 | FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 1/21/2022 | 347 | 342 | 342 | 1/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11,510 | 11,286 | 11,286 | 11,510 | 11,385 | 11,385 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tide Platform Limited(1)(3) | Tide Platform Limited(1)(3) | Growth Capital Loan (10.00% interest rate, 6.50% EOT payment) | 11/13/2020 | 4,206 | 4,324 | 4,288 | 11/30/2023 | Tide Platform Limited(1)(3) | Growth Capital Loan (10.00% interest rate, 6.50% EOT payment) | 11/13/2020 | 3,619 | 3,781 | 3,458 | 11/30/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tide Platform Limited(1)(3) | Tide Platform Limited(1)(3) | Revolver (8.00% interest rate, 4.00% EOT payment) | 2/22/2021 | 1,768 | 1,839 | 1,707 | 1/13/2022 | Tide Platform Limited(1)(3) | Revolver (8.00% interest rate, 4.00% EOT payment) | 2/22/2021 | 1,768 | 1,839 | 1,567 | 1/13/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5,974 | 6,163 | 5,995 | 5,387 | 5,620 | 5,025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Uniphore Technologies, Inc. | Growth Capital Loan (11.00% interest rate, 4.00% EOT payment) | 12/22/2021 | 2,000 | 1,985 | 1,985 | 12/31/2024 | Uniphore Technologies, Inc. | Growth Capital Loan (11.00% interest rate, 4.00% EOT payment) | 12/22/2021 | 2,000 | 1,995 | 1,981 | 12/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Uniphore Technologies, Inc. | Growth Capital Loan (11.00% interest rate, 4.00% EOT payment) | 12/22/2021 | 2,000 | 1,985 | 1,985 | 12/31/2024 | Uniphore Technologies, Inc. | Growth Capital Loan (11.00% interest rate, 4.00% EOT payment) | 12/22/2021 | 2,000 | 1,995 | 1,981 | 12/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4,000 | 3,970 | 3,970 | 4,000 | 3,990 | 3,962 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Business Applications Software - 10.75%* | 31,977 | 31,883 | 31,715 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Business Applications Software - 6.89%* | Total Business Applications Software - 6.89%* | 20,897 | 20,995 | 20,372 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Products and Services | Business Products and Services | Business Products and Services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cardless Inc. | Cardless Inc. | Growth Capital Loan (Prime + 3.25% interest rate, 6.50% floor, 2.00% EOT payment) | 11/18/2021 | 1,800 | 1,782 | 1,782 | 11/30/2024 | Cardless Inc. | Growth Capital Loan (Prime + 3.25% interest rate, 6.50% floor, 2.00% EOT payment) | 11/18/2021 | 1,800 | 1,788 | 1,788 | 11/30/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cardless Inc. | Cardless Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 5.75% EOT payment) | 11/18/2021 | 4,200 | 4,188 | 4,188 | 11/30/2023 | Cardless Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 5.75% EOT payment) | 11/18/2021 | 4,200 | 4,223 | 4,223 | 11/30/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6,000 | 5,970 | 5,970 | 6,000 | 6,011 | 6,011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cart.com, Inc. | Cart.com, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 6.00% EOT payment)(2) | 12/30/2021 | 5,000 | 4,897 | 4,897 | 12/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certamen Ventures Inc. | Certamen Ventures Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 7.75% floor, 3.00% EOT payment) | 11/30/2021 | 6,945 | 6,885 | 6,885 | 5/31/2024 | Certamen Ventures Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 7.75% floor, 3.00% EOT payment) | 11/30/2021 | 6,945 | 6,920 | 6,920 | 5/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cart.com, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 6.00% EOT payment)(2) | 12/30/2021 | 5,000 | 4,864 | 4,864 | 12/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Elsker, Inc. | Elsker, Inc. | Growth Capital Loan (Prime + 4.00% interest rate, 7.25% floor, 6.25% EOT payment)(2) | 1/19/2022 | 1,000 | 979 | 979 | 1/31/2025 | Elsker, Inc. | Growth Capital Loan (Prime + 4.00% interest rate, 7.25% floor, 6.25% EOT payment)(2) | 1/19/2022 | 1,000 | 988 | 988 | 1/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Path Robotics, Inc. | Path Robotics, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 8.75% EOT payment)(2) | 2/15/2022 | 1,940 | 1,893 | 1,893 | 8/31/2025 | Path Robotics, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 8.75% EOT payment)(2) | 2/15/2022 | 1,940 | 1,910 | 1,910 | 8/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Path Robotics, Inc. | Path Robotics, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 8.75% EOT payment)(2) | 4/25/2022 | 1,828 | 1,787 | 1,787 | 10/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3,768 | 3,697 | 3,697 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Phantom Auto Inc. | Phantom Auto Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 9.50% floor, 6.00% EOT payment) | 7/14/2021 | 6,000 | 5,792 | 5,792 | 8/31/2024 | Phantom Auto Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 9.50% floor, 6.00% EOT payment) | 7/14/2021 | 6,000 | 5,877 | 5,877 | 8/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quick Commerce Ltd.(1)(3) | Quick Commerce Ltd.(1)(3) | Growth Capital Loan (Prime + 7.50% interest rate, 10.75% floor, 7.50% EOT payment)(2) | 5/4/2022 | 1,500 | 1,476 | 1,476 | 5/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rally Network, Inc. | Rally Network, Inc. | Revolver (Prime + 5.75% interest rate, 9.00% floor, 5.75% EOT payment)(2) | 10/28/2021 | 2,500 | 2,507 | 2,507 | 10/28/2023 | Rally Network, Inc. | Revolver (Prime + 5.75% interest rate, 9.00% floor, 5.75% EOT payment)(2) | 10/28/2021 | 2,500 | 2,527 | 2,487 | 10/28/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
RedFish Labs, Inc. | RedFish Labs, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 4.00% EOT payment) | 1/14/2022 | 8,000 | 7,851 | 7,851 | 1/31/2025 | RedFish Labs, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 4.00% EOT payment) | 1/14/2022 | 8,000 | 7,903 | 7,903 | 1/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
RenoRun, Inc.(1)(3) | RenoRun, Inc.(1)(3) | Growth Capital Loan (Prime + 10.50% interest rate, 13.75% floor, 8.25% EOT payment) | 12/30/2021 | 600 | 580 | 580 | 12/31/2025 | RenoRun, Inc.(1)(3) | Growth Capital Loan (Prime + 10.50% interest rate, 13.75% floor, 8.25% EOT payment) | 12/30/2021 | 600 | 584 | 584 | 12/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
RenoRun, Inc.(1)(3) | RenoRun, Inc.(1)(3) | Convertible Note (4.00% interest rate)(2) | 12/30/2021 | 300 | 300 | 300 | 12/30/2023 | RenoRun, Inc.(1)(3) | Convertible Note (4.00% interest rate)(2) | 12/30/2021 | 300 | 300 | 300 | 12/30/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
900 | 880 | 880 | 900 | 884 | 884 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Business Products and Services - 12.75%* | 38,285 | 37,621 | 37,621 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/6/2021 | 3,477 | 3,437 | 3,437 | 7/31/2023 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company | Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/21/2021 | 263 | 260 | 260 | 7/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 8/10/2021 | 315 | 310 | 310 | 8/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 10/6/2021 | 1,458 | 1,428 | 1,428 | 10/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 11/2/2021 | 947 | 925 | 925 | 10/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 11/2/2021 | 2,540 | 2,482 | 2,482 | 10/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 848 | 825 | 825 | 12/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 324 | 315 | 315 | 12/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 57 | 55 | 55 | 12/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 1/28/2022 | 1,836 | 1,781 | 1,781 | 1/31/20224 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Worldwide Freight Logistics Limited(1)(3) | Worldwide Freight Logistics Limited(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment)(2) | 6/15/2022 | 484 | 475 | 477 | 6/30/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Worldwide Freight Logistics Limited(1)(3) | Worldwide Freight Logistics Limited(1)(3) | Revolver (Prime + 4.75% interest rate, 8.00% floor, 7.50% EOT payment)(2) | 6/15/2022 | 194 | 190 | 191 | 6/15/2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12,065 | 11,818 | 11,818 | 678 | 665 | 668 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Business Products and Services - 14.15%* | Total Business Products and Services - 14.15%* | 42,291 | 41,845 | 41,808 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business/Productivity Software | Business/Productivity Software | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Manufactured Networks, Inc. | Manufactured Networks, Inc. | Revolver (Prime + 7.75% interest rate, 7.75% floor, 2.00% EOT payment)(2) | 5/6/2022 | 44 | 43 | 43 | 11/6/2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Metropolis Technologies, Inc. | Metropolis Technologies, Inc. | Growth Capital Loan (Prime + 8.50% interest rate, 11.75% floor, 7.00% EOT payment)(2) | 3/30/2022 | 1,000 | 987 | 987 | 3/31/2027 | Metropolis Technologies, Inc. | Growth Capital Loan (6.38% cash interest rate + 6.13% PIK, 7.00% EOT payment)(2) | 3/30/2022 | 1,005 | 995 | 995 | 3/31/2027 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Business/Productivity Software - 4.34%* | 13,065 | 12,805 | 12,805 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Business/Productivity Software - 0.35%* | Total Business/Productivity Software - 0.35%* | 1,049 | 1,038 | 1,038 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computer Hardware | Computer Hardware | Computer Hardware | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Growth Capital Loan (8.25% interest rate, 3.75% EOT payment) | 9/24/2021 | 667 | 668 | 668 | 9/30/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Growth Capital Loan (10.75% interest rate, 5.25% EOT payment) | 12/30/2021 | 3,333 | 3,248 | 3,248 | 6/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4,000 | 3,916 | 3,916 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Iris Automation, Inc. | Iris Automation, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 4.75% EOT payment)(2) | 2/11/2022 | 1,000 | 968 | 968 | 2/28/2025 | Iris Automation, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 4.75% EOT payment)(2) | 2/11/2022 | 1,000 | 976 | 976 | 2/28/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Computer Hardware - 1.66%* | 5,000 | 4,884 | 4,884 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Computer Hardware - 0.33%* | Total Computer Hardware - 0.33%* | 1,000 | 976 | 976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer Finance | Consumer Finance | Consumer Finance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Activehours, Inc. | Activehours, Inc. | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 10/8/2020 | 4,000 | 4,042 | 4,042 | 10/31/2023 | Activehours, Inc. | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 10/8/2020 | 4,000 | 4,067 | 4,046 | 10/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Activehours, Inc. | Activehours, Inc. | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 9/30/2021 | 6,000 | 5,927 | 5,927 | 9/30/2024 | Activehours, Inc. | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 9/30/2021 | 6,000 | 5,961 | 5,911 | 9/30/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10,000 | 9,969 | 9,969 | 10,000 | 10,028 | 9,957 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cherry Technologies Inc. | Cherry Technologies Inc. | Growth Capital Loan (11.00% interest rate, 5.50% EOT payment)(2) | 5/6/2022 | 8,500 | 8,330 | 8,330 | 11/30/2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Aligned Company | The Aligned Company | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.25% EOT payment) | 10/27/2021 | 6,000 | 5,954 | 5,954 | 4/30/2025 | The Aligned Company | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.25% EOT payment) | 10/27/2021 | 6,000 | 5,992 | 5,992 | 4/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Consumer Finance - 5.40%* | 16,000 | 15,923 | 15,923 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Consumer Finance - 8.22%* | Total Consumer Finance - 8.22%* | 24,500 | 24,350 | 24,279 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer Non-Durables | Consumer Non-Durables | Consumer Non-Durables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Alyk, Inc. | 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 | Alyk, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 7.25% EOT payment) | 6/16/2021 | 2,500 | 2,518 | 2,518 | 6/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Don't Run Out, Inc. | 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 | 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 | 990 | 990 | 6/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 1.17%* | 3,500 | 3,485 | 3,465 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Underground Enterprises, Inc. | Underground Enterprises, Inc. | Growth Capital Loan (Prime + 3.00% interest rate, 6.50% floor, 1.00% EOT payment)(2) | 5/18/2022 | 375 | 372 | 372 | 11/30/2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Underground Enterprises, Inc. | Underground Enterprises, Inc. | Growth Capital Loan (Prime + 3.75% interest rate, 7.25% floor, 5.50% EOT payment)(2) | 6/9/2022 | 250 | 248 | 248 | 3/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
625 | 620 | 620 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 1.40%* | Total Consumer Non-Durables - 1.40%* | 4,125 | 4,128 | 4,128 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer Products and Services | Consumer Products and Services | Consumer Products and Services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Baby Generation, Inc. | Baby Generation, Inc. | Growth Capital Loan (Prime + 7.50% interest rate, 10.75% floor, 8.00% EOT payment) | 1/26/2022 | 750 | 744 | 744 | 1/31/2025 | Baby Generation, Inc. | Growth Capital Loan (Prime + 7.50% interest rate, 10.75% floor, 8.00% EOT payment) | 1/26/2022 | 750 | 748 | 748 | 1/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Black Tux, Inc. | The Black Tux, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.00% EOT payment) | 11/5/2021 | 10,000 | 9,822 | 9,822 | 5/31/2026 | The Black Tux, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.00% EOT payment) | 11/5/2021 | 9,998 | 9,879 | 9,876 | 5/31/2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Clutter Inc. | Clutter Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 6.00% EOT payment) | 12/23/2020 | 1,769 | 1,806 | 1,806 | 12/31/2023 | Clutter Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 6.00% EOT payment) | 12/23/2020 | 1,535 | 1,588 | 1,588 | 12/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Clutter Inc. | Clutter Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 7.00% EOT payment) | 3/26/2021 | 3,271 | 3,333 | 3,333 | 3/31/2024 | Clutter Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 7.00% EOT payment) | 3/26/2021 | 2,895 | 2,997 | 2,997 | 3/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5,040 | 5,139 | 5,139 | 4,430 | 4,585 | 4,585 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dance GmbH(1)(3) | Dance GmbH(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.25% EOT payment)(2) | 4/14/2022 | 723 | 712 | 686 | 4/30/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Elektra Mobility Inc. | Elektra Mobility Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 7.00% EOT payment)(2) | 5/16/2022 | 50 | 50 | 50 | 5/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ephemeral Solutions, Inc. | Ephemeral Solutions, Inc. | Growth Capital Loan (Prime + 4.75% interest rate, 8.00% floor, 5.25% EOT payment)(2) | 6/27/2022 | 333 | 326 | 326 | 3/31/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ever/Body, Inc. | Ever/Body, Inc. | Growth Capital Loan (Prime + 3.75% interest rate, 7.00% floor, 2.00% EOT payment) | 9/7/2021 | 750 | 744 | 744 | 9/30/2024 | Ever/Body, Inc. | Growth Capital Loan (Prime + 3.75% interest rate, 7.00% floor, 2.00% EOT payment) | 9/7/2021 | 750 | 747 | 747 | 9/30/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Everdrop GmbH(1)(3) | Everdrop GmbH(1)(3) | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 6.25% EOT payment) | 2/24/2022 | 224 | 223 | 221 | 2/28/2025 | Everdrop GmbH(1)(3) | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 6.25% EOT payment) | 2/24/2022 | 224 | 223 | 208 | 2/28/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 7.75% EOT payment) | 8/12/2021 | 4,000 | 3,960 | 3,960 | 8/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment) | 2/9/2021 | 1,650 | 1,677 | 1,677 | 12/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Everdrop GmbH(1)(3) | Everdrop GmbH(1)(3) | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 6.00% EOT payment)(2) | 4/5/2022 | 146 | 145 | 138 | 4/30/2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Everdrop GmbH(1)(3) | Everdrop GmbH(1)(3) | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 6.00% EOT payment)(2) | 4/27/2022 | 141 | 140 | 138 | 4/30/2025 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment) | 2/9/2021 | 3,300 | 3,300 | 3,300 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment) | 8/10/2021 | 5,025 | 5,031 | 5,031 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment) | 8/31/2021 | 5,025 | 5,024 | 5,024 | 12/31/2024 | ||||||||||||||||||||||||||||||||
15,000 | 15,032 | 15,032 | ||||||||||||||||||||||||||||||||||||
Immersive Group Gaming LTD(1)(3) | Growth Capital Loan (10.00% interest rate, 5.25% EOT payment) | 12/10/2021 | 3,000 | 2,893 | 2,893 | 12/31/2024 | ||||||||||||||||||||||||||||||||
JOKR S.a.r.l.(1)(3) | Revolver (Prime + 4.75% interest rate, 8.00% floor, 10.20% EOT payment)(2) | 10/14/2021 | 1,260 | 1,218 | 1,218 | 10/13/2022 | ||||||||||||||||||||||||||||||||
JOKR S.a.r.l.(1)(3) | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 6.00% EOT payment) | 11/3/2021 | 5,000 | 4,676 | 4,676 | 11/30/2025 | ||||||||||||||||||||||||||||||||
6,260 | 5,894 | 5,894 | ||||||||||||||||||||||||||||||||||||
Nate, Inc. | Growth Capital Loan (Prime + 1.00% interest rate, 4.25% floor, 0.50% EOT payment)(2) | 3/3/2022 | 2,400 | 2,314 | 2,314 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Nate, Inc. | Growth Capital Loan (Prime + 2.75% interest rate, 6.00% floor, 1.00% EOT payment)(2) | 3/3/2022 | 1,600 | 1,543 | 1,543 | 5/31/2023 | ||||||||||||||||||||||||||||||||
4,000 | 3,857 | 3,857 | ||||||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 7/7/2021 | 3,000 | 2,989 | 2,989 | 7/31/2024 | ||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 8/27/2021 | 1,500 | 1,487 | 1,487 | 8/31/2024 | ||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 10/21/2021 | 1,500 | 1,484 | 1,484 | 10/31/2024 | ||||||||||||||||||||||||||||||||
6,000 | 5,960 | 5,960 | ||||||||||||||||||||||||||||||||||||
Project 1920, Inc. | Revolver (Prime + 5.75% interest rate, 9.00% floor, 2.00% EOT payment)(2) | 3/25/2022 | 100 | 99 | 99 | 3/25/2023 | ||||||||||||||||||||||||||||||||
Spinn, Inc. | Growth Capital Loan (Prime + 4.75% interest rate, 8.00% floor, 4.50% EOT payment)(2) | 2/24/2022 | 1,000 | 991 | 991 | 8/31/2024 | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment) | 2/1/2021 | 3,461 | 3,441 | 3,157 | 1/31/2025 | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment) | 5/27/2021 | 1,748 | 1,727 | 1,569 | 5/31/2025 | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment) | 1/31/2022 | 804 | 784 | 773 | 1/31/2026 | ||||||||||||||||||||||||||||||||
6,013 | 5,952 | 5,499 | ||||||||||||||||||||||||||||||||||||
Total Consumer Products and Services - 20.62%* | 62,137 | 61,310 | 60,855 | |||||||||||||||||||||||||||||||||||
Cultivation | ||||||||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 7/21/2021 | 1,669 | 1,600 | 1,501 | 7/31/2024 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 10/13/2021 | 1,450 | 1,371 | 1,371 | 10/31/2024 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 11/19/2021 | 1,413 | 1,414 | 1,414 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Total Cultivation - 1.45%* | 4,532 | 4,385 | 4,286 | |||||||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||||||||
SiSense, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 9.25% EOT payment) | 12/28/2021 | 6,500 | 6,406 | 6,406 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Total Database Software - 2.17%* | 6,500 | 6,406 | 6,406 | |||||||||||||||||||||||||||||||||||
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 | 15,000 | 14,847 | 14,847 | 3/31/2025 | ||||||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 9/30/2020 | 7,500 | 7,580 | 7,580 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 12/30/2021 | 2,500 | 2,411 | 2,411 | 6/30/2025 | ||||||||||||||||||||||||||||||||
10,000 | 9,991 | 9,991 | ||||||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/4/2020 | 4,500 | 4,496 | 4,496 | 12/31/2023 | ||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/21/2021 | 3,000 | 2,889 | 2,889 | 12/31/2024 | ||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 7.00% EOT payment) | 3/31/2022 | 1,000 | 962 | 962 | 9/30/2025 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Everdrop GmbH(1)(3) | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 6.17% EOT payment)(2) | 6/6/2022 | 107 | 106 | 104 | 6/30/2025 | ||||||||||||||||||||||||||||||||
618 | 614 | 588 | ||||||||||||||||||||||||||||||||||||
Foodology Inc.(1)(3) | Growth Capital Loan (Prime + 3.75% interest rate, 7.00% floor, 2.00% EOT payment)(2) | 4/8/2022 | 21 | 21 | 21 | 10/31/2022 | ||||||||||||||||||||||||||||||||
Foodology Inc.(1)(3) | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 5.50% EOT payment)(2) | 4/8/2022 | 31 | 31 | 31 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Foodology Inc.(1)(3) | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 5.50% EOT payment)(2) | 5/16/2022 | 76 | 74 | 74 | 5/31/2025 | ||||||||||||||||||||||||||||||||
Foodology Inc.(1)(3) | Growth Capital Loan (Prime + 6.25% interest rate, 9.50% floor, 6.00% EOT payment)(2) | 5/24/2022 | 500 | 488 | 488 | 5/31/2025 | ||||||||||||||||||||||||||||||||
628 | 614 | 614 | ||||||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 7.75% EOT payment) | 8/12/2021 | 4,000 | 3,993 | 3,993 | 8/31/2025 | ||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 6.00% EOT payment)(2) | 5/25/2022 | 3,000 | 2,920 | 2,920 | 5/31/2025 | ||||||||||||||||||||||||||||||||
7,000 | 6,913 | 6,913 | ||||||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment) | 2/9/2021 | 1,650 | 1,688 | 1,688 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment) | 2/9/2021 | 3,300 | 3,325 | 3,325 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment) | 8/10/2021 | 5,025 | 5,066 | 5,066 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment) | 8/31/2021 | 5,025 | 5,060 | 5,060 | 12/31/2024 | ||||||||||||||||||||||||||||||||
15,000 | 15,139 | 15,139 | ||||||||||||||||||||||||||||||||||||
Immersive Group Gaming LTD(1)(3) | Growth Capital Loan (10.00% interest rate, 5.25% EOT payment) | 12/10/2021 | 3,000 | 2,923 | 2,906 | 12/31/2024 | ||||||||||||||||||||||||||||||||
JOKR S.a.r.l.(1)(3) | Revolver (Prime + 4.75% interest rate, 8.00% floor, 2.00% EOT payment)(2) | 10/14/2021 | 1,260 | 1,248 | 1,248 | 10/13/2022 | ||||||||||||||||||||||||||||||||
JOKR S.a.r.l.(1)(3) | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 6.00% EOT payment) | 11/3/2021 | 5,000 | 4,719 | 4,719 | 11/30/2025 | ||||||||||||||||||||||||||||||||
6,260 | 5,967 | 5,967 | ||||||||||||||||||||||||||||||||||||
Mystery Tackle Box, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 9.25% EOT payment)(2) | 4/29/2022 | 1,000 | 995 | 995 | 1/31/2025 | ||||||||||||||||||||||||||||||||
Nakdcom One World AB(1)(3) | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 7.00% EOT payment)(2) | 6/6/2022 | 537 | 526 | 513 | 6/30/2026 | ||||||||||||||||||||||||||||||||
Nate, Inc. | Growth Capital Loan (Prime + 1.00% interest rate, 4.25% floor, 0.50% EOT payment)(2) | 3/3/2022 | 2,400 | 2,334 | 2,334 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Nate, Inc. | Growth Capital Loan (Prime + 2.75% interest rate, 6.00% floor, 1.00% EOT payment)(2) | 3/3/2022 | 1,600 | 1,558 | 1,558 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Nate, Inc. | Growth Capital Loan (Prime + 2.75% interest rate, 6.00% floor, 1.00% EOT payment)(2) | 4/26/2022 | 3,200 | 3,101 | 3,101 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Nate, Inc. | Growth Capital Loan (Prime + 3.25% interest rate, 6.50% floor, 2.00% EOT payment)(2) | 4/26/2022 | 800 | 776 | 776 | 5/31/2023 | ||||||||||||||||||||||||||||||||
8,000 | 7,769 | 7,769 | ||||||||||||||||||||||||||||||||||||
NxFoods GmbH(1)(3) | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 8.00% EOT payment)(2) | 6/30/2022 | 588 | 577 | 577 | 6/30/2026 | ||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 7/7/2021 | 3,000 | 3,019 | 3,019 | 7/31/2024 | ||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 8/27/2021 | 1,500 | 1,502 | 1,502 | 8/31/2024 | ||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 10/21/2021 | 1,500 | 1,498 | 1,498 | 10/31/2024 | ||||||||||||||||||||||||||||||||
6,000 | 6,019 | 6,019 | ||||||||||||||||||||||||||||||||||||
Project 1920, Inc. | Revolver (Prime + 5.75% interest rate, 9.00% floor, 2.00% EOT payment)(2) | 3/25/2022 | 100 | 103 | 103 | 3/25/2023 | ||||||||||||||||||||||||||||||||
Project 1920, Inc. | Revolver (Prime + 5.75% interest rate, 9.00% floor, 2.00% EOT payment)(2) | 5/18/2022 | 125 | 123 | 123 | 3/25/2023 | ||||||||||||||||||||||||||||||||
225 | 226 | 226 | ||||||||||||||||||||||||||||||||||||
Spinn, Inc. | Growth Capital Loan (Prime + 4.75% interest rate, 8.00% floor, 4.50% EOT payment)(2) | 2/24/2022 | 1,000 | 997 | 997 | 8/31/2024 | ||||||||||||||||||||||||||||||||
Tempo Interactive Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 5.00% EOT payment)(2) | 4/27/2022 | 5,625 | 5,588 | 5,588 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Untitled Labs, Inc. | Growth Capital Loan (11.50% interest rate, 5.00% EOT payment)(2) | 6/23/2022 | 417 | 407 | 402 | 6/30/2026 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
8,500 | 8,347 | 8,347 | ||||||||||||||||||||||||||||||||||||
Trendly, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 8.50% EOT payment) | 5/27/2021 | 6,500 | 6,477 | 6,477 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 13.44%* | 40,000 | 39,662 | 39,662 | |||||||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 5/17/2021 | 1,563 | 1,552 | 1,566 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 6/30/2021 | 732 | 724 | 730 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 8/4/2021 | 1,561 | 1,540 | 1,555 | 8/31/2024 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 1.31%* | 3,856 | 3,816 | 3,851 | |||||||||||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Growth Capital Loan (8.75% interest rate, 3.25% EOT payment) | 12/16/2021 | 5,000 | 4,963 | 4,963 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Energy - 1.68%* | 5,000 | 4,963 | 4,963 | |||||||||||||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Revolver (8.00% interest rate, 3.00% EOT payment)(2) | 5/24/2021 | 1,291 | 1,320 | 1,236 | 5/5/2022 | ||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Growth Capital Loan (10.00% interest rate, 7.00% EOT payment)(2) | 7/22/2021 | 305 | 301 | 288 | 7/31/2025 | ||||||||||||||||||||||||||||||||
1,596 | 1,621 | 1,524 | ||||||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (5.00% cash interest rate + 5.75% PIK interest, 10.00% EOT Payment)(2) | 5/27/2020 | 1,318 | 1,466 | 1,460 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (5.00% cash interest rate + 6.00% PIK interest, 10.00% EOT Payment)(2) | 11/12/2020 | 529 | 537 | 534 | 5/31/2024 | ||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (5.00% cash interest rate + 6.00% PIK interest, 10.00% EOT Payment)(2) | 5/11/2021 | 825 | 805 | 800 | 11/30/2024 | ||||||||||||||||||||||||||||||||
2,672 | 2,808 | 2,794 | ||||||||||||||||||||||||||||||||||||
Total Food Products - 1.46%* | 4,268 | 4,429 | 4,318 | |||||||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||||||||
Levels Health Inc. | Growth Capital Loan (Prime + 3.00% interest rate, 6.25% floor, 2.00% EOT payment) | 10/13/2021 | 727 | 721 | 721 | 10/31/2024 | ||||||||||||||||||||||||||||||||
Total Healthcare Services - 0.24%* | 727 | 721 | 721 | |||||||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||||||||
Capsule Corporation | Growth Capital Loan (Prime + 7.75% interest rate, 13.00% floor, 13.00% EOT payment) | 12/30/2020 | 5,000 | 5,115 | 5,115 | 12/31/2024 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
Medly Health Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 6.75% EOT payment) | 3/25/2022 | 10,500 | 10,316 | 10,316 | 9/30/2025 | ||||||||||||||||||||||||||||||||
20,500 | 20,352 | 20,352 | ||||||||||||||||||||||||||||||||||||
Total Healthcare Technology Systems - 8.63%* | 25,500 | 25,467 | 25,467 | |||||||||||||||||||||||||||||||||||
Home Furnishings | ||||||||||||||||||||||||||||||||||||||
Feather Home Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 7.00% EOT payment) | 10/15/2021 | 2,000 | 1,997 | 1,997 | 10/31/2024 | ||||||||||||||||||||||||||||||||
Total Home Furnishings - 0.68%* | 2,000 | 1,997 | 1,997 | |||||||||||||||||||||||||||||||||||
Human Capital Services | ||||||||||||||||||||||||||||||||||||||
Karat Financial Technologies Incorporated | Revolver (Prime + 5.25% interest rate, 8.50% floor, 2.85% EOT payment)(2) | 10/7/2021 | 3,010 | 2,987 | 2,987 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Total Human Capital Services - 1.01%* | 3,010 | 2,987 | 2,987 | |||||||||||||||||||||||||||||||||||
Information Services (B2C) | ||||||||||||||||||||||||||||||||||||||
Kasa Living, Inc. | Growth Capital Loan (9.25% interest rate, 6.75% EOT payment)(2) | 1/28/2022 | 5,000 | 4,902 | 4,902 | 1/31/2026 | ||||||||||||||||||||||||||||||||
Total Information Services (B2C) - 1.66%* | 5,000 | 4,902 | 4,902 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment) | 2/1/2021 | 3,275 | 3,274 | 2,808 | 1/31/2025 | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment) | 5/27/2021 | 1,665 | 1,655 | 1,405 | 5/31/2025 | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment) | 1/31/2022 | 774 | 758 | 698 | 1/31/2026 | ||||||||||||||||||||||||||||||||
5,714 | 5,687 | 4,911 | ||||||||||||||||||||||||||||||||||||
Total Consumer Products and Services - 26.11%* | 78,646 | 78,008 | 77,142 | |||||||||||||||||||||||||||||||||||
Cultivation | ||||||||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 7/21/2021 | 1,506 | 1,466 | 1,288 | 7/31/2024 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 10/13/2021 | 1,363 | 1,309 | 1,303 | 10/31/2024 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 11/19/2021 | 1,370 | 1,383 | 1,376 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Total Cultivation - 1.34%* | 4,239 | 4,158 | 3,967 | |||||||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||||||||
SiSense, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 9.25% EOT payment) | 12/28/2021 | 6,500 | 6,473 | 6,473 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Total Database Software - 2.19%* | 6,500 | 6,473 | 6,473 | |||||||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.25% floor, 6.50% EOT payment) | 9/29/2021 | 12,500 | 12,255 | 12,255 | 3/31/2025 | ||||||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 8.00% interest rate, 11.50% floor, 6.00% EOT payment)(2) | 6/15/2022 | 10,000 | 10,004 | 10,004 | 6/30/2027 | ||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/4/2020 | 4,500 | 4,539 | 4,539 | 12/31/2023 | ||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/21/2021 | 3,000 | 2,914 | 2,914 | 12/31/2024 | ||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 7.00% EOT payment) | 3/31/2022 | 1,000 | 970 | 970 | 9/30/2025 | ||||||||||||||||||||||||||||||||
8,500 | 8,423 | 8,423 | ||||||||||||||||||||||||||||||||||||
Trendly, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 8.50% EOT payment) | 5/27/2021 | 6,500 | 6,522 | 6,522 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Trendly, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 8.50% EOT payment)(2) | 6/7/2022 | 1,000 | 981 | 981 | 12/31/2025 | ||||||||||||||||||||||||||||||||
7,500 | 7,503 | 7,503 | ||||||||||||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 12.92%* | 38,500 | 38,185 | 38,185 | |||||||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/6/2021 | 3,477 | 3,468 | 3,453 | 7/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/21/2021 | 263 | 262 | 261 | 7/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 8/10/2021 | 315 | 313 | 312 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 10/6/2021 | 1,458 | 1,441 | 1,433 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 11/2/2021 | 947 | 933 | 928 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 11/2/2021 | 2,540 | 2,504 | 2,489 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 848 | 832 | 827 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 324 | 318 | 316 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 57 | 56 | 56 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 1/28/2022 | 1,836 | 1,796 | 1,785 | 1/31/2024 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 4/14/2022 | 700 | 679 | 674 | 4/30/2024 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Infrastructure | ||||||||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 5/27/2020 | 5,000 | 5,214 | 5,308 | 10/31/2023 | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 5/27/2020 | 2,500 | 2,607 | 2,654 | 10/31/2023 | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Convertible Note (5.00% interest rate)(2) | 8/11/2020 | 75 | 75 | 75 | 2/11/2023 | ||||||||||||||||||||||||||||||||
Total Infrastructure - 2.72%* | 7,575 | 7,896 | 8,037 | |||||||||||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||||||||
Sidecar Health, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 8.00% EOT payment) | 8/26/2021 | 8,000 | 7,991 | 7,991 | 2/28/2025 | ||||||||||||||||||||||||||||||||
Total Life and Health Insurance - 2.71%* | 8,000 | 7,991 | 7,991 | |||||||||||||||||||||||||||||||||||
Medical Software and Information Services | ||||||||||||||||||||||||||||||||||||||
HI LLC (Kernel) | Growth Capital Loan (10.75% interest rate, 4.25% EOT payment) | 7/1/2021 | 2,500 | 2,470 | 2,470 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Medical Software and Information Services - 0.84%* | 2,500 | 2,470 | 2,470 | |||||||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Growth Capital Loan (9.25% interest rate, 5.00% EOT payment) | 8/12/2021 | 2,500 | 2,455 | 2,455 | 2/29/2024 | ||||||||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Growth Capital Loan (9.25% interest rate, 5.00% EOT payment) | 9/30/2021 | 1,500 | 1,421 | 1,421 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Total Multimedia and Design Software - 1.31%* | 4,000 | 3,876 | 3,876 | |||||||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||||||||
Common Living Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.25% EOT payment) | 4/30/2021 | 2,500 | 2,551 | 2,551 | 4/30/2024 | ||||||||||||||||||||||||||||||||
Common Living Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.25% EOT payment) | 3/18/2022 | 4,923 | 4,873 | 4,873 | 4/30/2024 | ||||||||||||||||||||||||||||||||
7,423 | 7,424 | 7,424 | ||||||||||||||||||||||||||||||||||||
Demain ES(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment) | 12/28/2021 | 2,268 | 2,205 | 2,162 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Demain ES(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment) | 12/28/2021 | 2,268 | 2,205 | 2,162 | 11/30/2024 | ||||||||||||||||||||||||||||||||
4,536 | 4,410 | 4,324 | ||||||||||||||||||||||||||||||||||||
Homeward, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 9.75% EOT payment) | 12/30/2021 | 4,000 | 3,929 | 3,929 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Mynd Management, Inc. | Growth Capital Loan (9.75% interest rate, 6.00% EOT payment) | 5/27/2020 | 1,513 | 1,614 | 1,614 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Mynd Management, Inc. | Growth Capital Loan (9.75% interest rate, 6.00% EOT payment) | 5/27/2020 | 1,513 | 1,614 | 1,614 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Mynd Management, Inc. | Growth Capital Loan (9.75% interest rate, 6.00% EOT payment) | 5/27/2020 | 1,615 | 1,712 | 1,712 | 6/30/2023 | ||||||||||||||||||||||||||||||||
4,641 | 4,940 | 4,940 | ||||||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 7.00% EOT payment) | 6/25/2021 | 3,000 | 2,899 | 2,899 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 7.00% EOT payment) | 12/30/2021 | 2,000 | 1,933 | 1,933 | 12/31/2025 | ||||||||||||||||||||||||||||||||
5,000 | 4,832 | 4,832 | ||||||||||||||||||||||||||||||||||||
Side, Inc. | Growth Capital Loan (Prime + 8.25% interest rate, 11.50% floor, 6.50% EOT payment) | 9/4/2020 | 2,000 | 2,040 | 2,049 | 3/31/2023 | ||||||||||||||||||||||||||||||||
Side, Inc. | Growth Capital Loan (Prime + 8.25% interest rate, 11.50% floor, 6.50% EOT payment) | 10/29/2020 | 500 | 508 | 510 | 4/30/2023 | ||||||||||||||||||||||||||||||||
2,500 | 2,548 | 2,559 | ||||||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 250 | 245 | 245 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/3/2021 | 800 | 784 | 784 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 220 | 216 | 216 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/13/2021 | 105 | 103 | 103 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/13/2021 | 440 | 431 | 431 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/15/2021 | 208 | 204 | 204 | 12/31/2024 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment)(2) | 4/14/2022 | 263 | 256 | 254 | 4/30/2024 | ||||||||||||||||||||||||||||||||
13,028 | 12,858 | 12,788 | ||||||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 5/17/2021 | 1,563 | 1,565 | 1,565 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 6/30/2021 | 732 | 730 | 729 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 8/4/2021 | 1,561 | 1,553 | 1,553 | 8/31/2024 | ||||||||||||||||||||||||||||||||
3,856 | 3,848 | 3,847 | ||||||||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 5.63%* | 16,884 | 16,706 | 16,635 | |||||||||||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Growth Capital Loan (9.75% interest rate, 7.00% EOT payment)(2) | 5/6/2022 | 5,000 | 4,950 | 4,891 | 11/30/2026 | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment)(2) | 6/29/2022 | 5,000 | 4,859 | 4,801 | 12/31/2026 | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Growth Capital Loan (8.75% interest rate, 3.25% EOT payment) | 12/16/2021 | 5,000 | 4,986 | 4,955 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Energy - 4.96%* | 15,000 | 14,795 | 14,647 | |||||||||||||||||||||||||||||||||||
Entertainment Software | ||||||||||||||||||||||||||||||||||||||
Encore Music Technologies, Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 4.50% EOT payment)(2) | 4/20/2022 | 1,000 | 992 | 992 | 4/30/2025 | ||||||||||||||||||||||||||||||||
FRVR Limited(1)(3) | Growth Capital Loan (Prime + 6.25% interest rate, 9.50% floor, 6.00% EOT payment)(2) | 5/17/2022 | 3,000 | 2,950 | 2,950 | 5/31/2025 | ||||||||||||||||||||||||||||||||
Total Entertainment Software - 1.33%* | 4,000 | 3,942 | 3,942 | |||||||||||||||||||||||||||||||||||
Financial Software | ||||||||||||||||||||||||||||||||||||||
Parker Group Inc. | Growth Capital Loan (Prime + 3.50% interest rate, 6.75% floor, 0.00% EOT payment)(2) | 4/6/2022 | 300 | 297 | 297 | 10/31/2024 | ||||||||||||||||||||||||||||||||
Parker Group Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 8.25% EOT payment)(2) | 4/6/2022 | 700 | 698 | 698 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Total Financial Software - 0.34%* | 1,000 | 995 | 995 | |||||||||||||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Revolver (8.00% interest rate, 3.00% EOT payment)(2) | 5/24/2021 | 1,291 | 1,330 | 1,148 | 5/5/2022 | ||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Growth Capital Loan (10.00% interest rate, 7.00% EOT payment)(2) | 7/22/2021 | 305 | 303 | 265 | 7/31/2025 | ||||||||||||||||||||||||||||||||
1,596 | 1,633 | 1,413 | ||||||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (5.00% cash interest rate + 5.75% PIK interest, 10.00% EOT Payment)(2) | 5/27/2020 | 1,338 | 1,506 | 1,492 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (5.00% cash interest rate + 6.00% PIK interest, 10.00% EOT Payment)(2) | 11/12/2020 | 538 | 552 | 541 | 5/31/2024 | ||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (5.00% cash interest rate + 6.00% PIK interest, 10.00% EOT Payment)(2) | 5/11/2021 | 837 | 830 | 810 | 11/30/2024 | ||||||||||||||||||||||||||||||||
2,713 | 2,888 | 2,843 | ||||||||||||||||||||||||||||||||||||
Total Food Products - 1.44%* | 4,309 | 4,521 | 4,256 | |||||||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||||||||
Levels Health Inc. | Growth Capital Loan (Prime + 3.00% interest rate, 6.25% floor, 2.00% EOT payment) | 10/13/2021 | 727 | 724 | 724 | 10/31/2024 | ||||||||||||||||||||||||||||||||
Total Healthcare Services - 0.25%* | 727 | 724 | 724 | |||||||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||||||||
Capsule Corporation | Growth Capital Loan (Prime + 7.75% interest rate, 13.00% floor, 13.00% EOT payment) | 12/30/2020 | 5,000 | 5,154 | 5,154 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Medly Health Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | 5,000 | 5,065 | 5,065 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Medly Health Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.75% EOT payment) | 12/11/2020 | 5,000 | 5,065 | 5,065 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Medly Health Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 6.75% EOT payment) | 3/25/2022 | 10,500 | 10,367 | 10,367 | 9/30/2025 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/15/2021 | 150 | 147 | 147 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/15/2021 | 1,372 | 1,344 | 1,344 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/21/2021 | 760 | 744 | 744 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 1/31/2022 | 170 | 166 | 166 | 1/31/2025 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 2/25/2022 | 116 | 113 | 113 | 2/28/2025 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 3/15/2022 | 300 | 292 | 292 | 3/31/2025 | ||||||||||||||||||||||||||||||||
4,891 | 4,789 | 4,789 | ||||||||||||||||||||||||||||||||||||
YDC, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/10/2021 | 2,400 | 2,330 | 2,330 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Real Estate Services - 11.90%* | 35,391 | 35,202 | 35,127 | |||||||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 3.25% interest rate, 6.50% floor, 1.00% EOT payment) | 11/30/2021 | 1,886 | 1,874 | 1,874 | 5/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,114 | 1,109 | 1,109 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,500 | 1,486 | 1,486 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,800 | 1,783 | 1,783 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,800 | 1,784 | 1,784 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/27/2021 | 900 | 892 | 892 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Social/Platform Software - 3.03%* | 9,000 | 8,928 | 8,928 | |||||||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 5.00% EOT payment)(2) | 1/21/2022 | 6,000 | 6,019 | 6,019 | 7/31/2024 | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 10.50% EOT payment)(2) | 1/21/2022 | 2,000 | 1,993 | 1,993 | 7/31/2025 | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 10.50% EOT payment)(2) | 1/21/2022 | 1,000 | 996 | 996 | 7/31/2025 | ||||||||||||||||||||||||||||||||
Total Software Development Applications - 3.05%* | 9,000 | 9,008 | 9,008 | |||||||||||||||||||||||||||||||||||
Total Debt Investments - 117.18%* | $ | 349,281 | $ | 346,530 | $ | 345,778 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
20,500 | 20,497 | 20,497 | ||||||||||||||||||||||||||||||||||||
Total Healthcare Technology Systems - 8.68%* | 25,500 | 25,651 | 25,651 | |||||||||||||||||||||||||||||||||||
Human Capital Services | ||||||||||||||||||||||||||||||||||||||
Karat Financial Technologies Incorporated | Revolver (Prime + 5.25% interest rate, 8.50% floor, 2.85% EOT payment)(2) | 10/7/2021 | 3,010 | 3,006 | 3,006 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Total Human Capital Services - 1.02%* | 3,010 | 3,006 | 3,006 | |||||||||||||||||||||||||||||||||||
Information Services (B2C) | ||||||||||||||||||||||||||||||||||||||
Kasa Living, Inc. | Growth Capital Loan (9.25% interest rate, 6.75% EOT payment)(2) | 1/28/2022 | 5,000 | 4,936 | 4,895 | 1/31/2026 | ||||||||||||||||||||||||||||||||
Total Information Services (B2C) - 1.66%* | 5,000 | 4,936 | 4,895 | |||||||||||||||||||||||||||||||||||
Infrastructure | ||||||||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 5/27/2020 | 5,000 | 5,253 | 5,308 | 10/31/2023 | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 5/27/2020 | 2,500 | 2,626 | 2,654 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Total Infrastructure - 2.69%* | 7,500 | 7,879 | 7,962 | |||||||||||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||||||||
Sidecar Health, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 8.00% EOT payment) | 8/26/2021 | 8,000 | 8,037 | 8,037 | 2/28/2025 | ||||||||||||||||||||||||||||||||
Total Life and Health Insurance - 2.72%* | 8,000 | 8,037 | 8,037 | |||||||||||||||||||||||||||||||||||
Medical Software and Information Services | ||||||||||||||||||||||||||||||||||||||
HI LLC (Kernel) | Growth Capital Loan (10.75% interest rate, 4.25% EOT payment) | 7/1/2021 | 2,500 | 2,485 | 2,470 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Medical Software and Information Services - 0.84%* | 2,500 | 2,485 | 2,470 | |||||||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Growth Capital Loan (9.25% interest rate, 5.00% EOT payment) | 8/12/2021 | 2,500 | 2,485 | 2,476 | 2/29/2024 | ||||||||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Growth Capital Loan (9.25% interest rate, 5.00% EOT payment) | 9/30/2021 | 1,500 | 1,446 | 1,441 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Total Multimedia and Design Software - 1.33%* | 4,000 | 3,931 | 3,917 | |||||||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||||||||
Jerry Services, Inc. | Growth Capital Loan (10.00% interest rate, 8.25% EOT payment)(2) | 6/13/2022 | 500 | 491 | 485 | 9/30/2025 | ||||||||||||||||||||||||||||||||
Total Other Financial Services - 0.16%* | 500 | 491 | 485 | |||||||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||||||||
Common Living Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.25% EOT payment) | 4/30/2021 | 2,500 | 2,577 | 2,577 | 4/30/2024 | ||||||||||||||||||||||||||||||||
Common Living Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.25% EOT payment) | 3/18/2022 | 4,923 | 4,935 | 4,935 | 4/30/2024 | ||||||||||||||||||||||||||||||||
7,423 | 7,512 | 7,512 | ||||||||||||||||||||||||||||||||||||
Demain ES(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment) | 12/28/2021 | 2,268 | 2,224 | 2,049 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Demain ES(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment) | 12/28/2021 | 2,268 | 2,224 | 2,049 | 11/30/2024 | ||||||||||||||||||||||||||||||||
4,536 | 4,448 | 4,098 | ||||||||||||||||||||||||||||||||||||
Homeward, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 9.75% EOT payment) | 12/30/2021 | 4,000 | 3,974 | 3,974 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Mynd Management, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.50% floor, 6.00% EOT payment)(2) | 5/25/2022 | 1,000 | 1,003 | 1,003 | 5/31/2024 | ||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 7.00% EOT payment) | 6/25/2021 | 2,696 | 2,647 | 2,647 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 7.00% EOT payment) | 12/30/2021 | 2,000 | 1,948 | 1,948 | 12/31/2025 | ||||||||||||||||||||||||||||||||
4,696 | 4,595 | 4,595 | ||||||||||||||||||||||||||||||||||||
Side, Inc. | Growth Capital Loan (Prime + 8.25% interest rate, 11.50% floor, 6.50% EOT payment) | 9/4/2020 | 2,000 | 2,061 | 2,068 | 3/31/2023 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Warrant Investments(7)(8) | ||||||||||||||||||||||||||||||||
Aerospace and Defense | ||||||||||||||||||||||||||||||||
Astranis Space Technologies Corp. | Preferred Stock(2) | 5/27/2020 | 70,959 | $ | 95 | $ | 765 | |||||||||||||||||||||||||
Dedrone Holdings, Inc. | Preferred Stock | 3/2/2021 | 71,018 | 92 | 92 | |||||||||||||||||||||||||||
LeoLabs, Inc. | Preferred Stock(2) | 1/20/2022 | 72,837 | 66 | 66 | |||||||||||||||||||||||||||
Total Aerospace and Defense - 0.31%* | 253 | 923 | ||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Blueboard Inc. | Common Stock(2) | 3/11/2021 | 69,768 | 14 | 14 | |||||||||||||||||||||||||||
Dialpad, Inc. | Preferred Stock(2) | 8/3/2020 | 14,490 | 51 | 59 | |||||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 4/20/2021 | 74,462 | 15 | 118 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock | 6/15/2021 | 93,767 | 360 | 360 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock | 9/30/2021 | 23,442 | 90 | 90 | |||||||||||||||||||||||||||
450 | 450 | |||||||||||||||||||||||||||||||
Morty, Inc. | Preferred Stock(2) | 10/1/2021 | 44,490 | 33 | 33 | |||||||||||||||||||||||||||
Narvar, Inc. | Preferred Stock(2) | 8/28/2020 | 21,790 | 102 | 102 | |||||||||||||||||||||||||||
Tide Holdings Limited(1)(3) | Preferred Stock | 11/13/2020 | 52,609 | 45 | 79 | |||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Common Stock | 12/22/2021 | 10,000 | 10 | 53 | |||||||||||||||||||||||||||
Total Business Applications Software - 0.31%* | 720 | 908 | ||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||
Cardless Inc. | Common Stock | 11/18/2021 | 12,903 | 28 | 56 | |||||||||||||||||||||||||||
Cart.com, Inc. | Common Stock(2) | 12/30/2021 | 8,183 | 119 | 99 | |||||||||||||||||||||||||||
Cart.com, Inc. | Preferred Stock(2) | 3/31/2022 | 544 | 3 | 3 | |||||||||||||||||||||||||||
122 | 102 | |||||||||||||||||||||||||||||||
Certamen Ventures Inc. | Preferred Stock | 10/7/2021 | 90,266 | 42 | 76 | |||||||||||||||||||||||||||
Elsker, Inc. | Preferred Stock(2) | 9/1/2021 | 35,492 | 18 | 18 | |||||||||||||||||||||||||||
Path Robotics, Inc. | Common Stock(2) | 12/17/2021 | 40,579 | 130 | 208 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 141,409 | 315 | 315 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 31,698 | 35 | 35 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 22,188 | 24 | 24 | |||||||||||||||||||||||||||
374 | 374 | |||||||||||||||||||||||||||||||
RedFish Labs, Inc. | Preferred Stock | 11/23/2021 | 53,862 | 122 | 122 | |||||||||||||||||||||||||||
RenoRun, Inc.(1) | Preferred Stock | 12/30/2021 | 4,242 | 93 | 93 | |||||||||||||||||||||||||||
Total Business Products and Services - 0.36%* | 929 | 1,049 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
Material Technologies Corporation | Preferred Stock(2) | 8/24/2020 | 23,576 | 156 | 156 | |||||||||||||||||||||||||||
Total Business to Business Marketplace - 0.05%* | 156 | 156 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock | 7/6/2021 | 2,960 | 146 | 205 | |||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock | 12/23/2021 | 2,714 | 188 | 188 | |||||||||||||||||||||||||||
334 | 393 | |||||||||||||||||||||||||||||||
Idelic, Inc. | Preferred Stock(2) | 12/10/2021 | 30,551 | 46 | 46 | |||||||||||||||||||||||||||
Metropolis Technologies, Inc. | Common Stock(2) | 3/30/2022 | 3,495 | 3 | 3 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.15%* | 383 | 442 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Dumpling, Inc. | Preferred Stock(2) | 9/30/2020 | 17,003 | 6 | 6 | |||||||||||||||||||||||||||
Total Commercial Services - 0.00%* | 6 | 6 | ||||||||||||||||||||||||||||||
Communication Software | ||||||||||||||||||||||||||||||||
Hiya, Inc. | Preferred Stock | 5/27/2020 | 115,073 | 54 | 54 | |||||||||||||||||||||||||||
Total Communication Software - 0.02%* | 54 | 54 | ||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||
Canvas Construction Inc. | Preferred Stock(2) | 11/30/2021 | 21,686 | 18 | 18 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Side, Inc. | Growth Capital Loan (Prime + 8.25% interest rate, 11.50% floor, 6.50% EOT payment) | 10/29/2020 | 500 | 513 | 515 | 4/30/2023 | ||||||||||||||||||||||||||||||||
2,500 | 2,574 | 2,583 | ||||||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 250 | 247 | 245 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/3/2021 | 800 | 789 | 781 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 220 | 217 | 215 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/13/2021 | 105 | 104 | 103 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/13/2021 | 440 | 434 | 430 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/15/2021 | 208 | 205 | 203 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/15/2021 | 150 | 148 | 147 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/15/2021 | 1,372 | 1,352 | 1,339 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/21/2021 | 760 | 749 | 742 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 1/31/2022 | 170 | 167 | 166 | 1/31/2025 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 2/25/2022 | 116 | 113 | 112 | 2/28/2025 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 3/15/2022 | 300 | 294 | 291 | 3/31/2025 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment)(2) | 4/22/2022 | 1,110 | 1,084 | 1,073 | 4/30/2025 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment)(2) | 4/22/2022 | 991 | 968 | 958 | 4/30/2025 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment)(2) | 5/23/2022 | 216 | 211 | 208 | 5/31/2025 | ||||||||||||||||||||||||||||||||
7,208 | 7,082 | 7,013 | ||||||||||||||||||||||||||||||||||||
YDC, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/10/2021 | 2,400 | 2,348 | 2,348 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Real Estate Services - 11.21%* | 33,763 | 33,536 | 33,126 | |||||||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 3.25% interest rate, 6.50% floor, 1.00% EOT payment) | 11/30/2021 | 1,886 | 1,879 | 1,879 | 5/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,114 | 1,113 | 1,113 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,500 | 1,493 | 1,493 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,800 | 1,791 | 1,791 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,800 | 1,793 | 1,793 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/27/2021 | 900 | 896 | 896 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Social/Platform Software - 3.03%* | 9,000 | 8,965 | 8,965 | |||||||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 5.00% EOT payment)(2) | 1/21/2022 | 6,000 | 6,054 | 6,054 | 7/31/2024 | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 10.50% EOT payment)(2) | 1/21/2022 | 2,000 | 2,010 | 2,010 | 7/31/2025 | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 10.50% EOT payment)(2) | 1/21/2022 | 1,000 | 1,005 | 1,005 | 7/31/2025 | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 5.00% EOT payment)(2) | 5/23/2022 | 236 | 234 | 234 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 5.00% EOT payment)(2) | 6/6/2022 | 189 | 188 | 188 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 5.00% EOT payment)(2) | 6/30/2022 | 186 | 184 | 184 | 12/31/2024 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Swift Navigation, Inc. | Preferred Stock(2) | 7/30/2020 | 62,874 | 77 | 77 | |||||||||||||||||||||||||||
Iris Automation, Inc. | Preferred Stock(2) | 2/11/2022 | 43,365 | 24 | 24 | |||||||||||||||||||||||||||
Grey Orange International Inc. | Preferred Stock | 3/16/2021 | 13,940 | 92 | 59 | |||||||||||||||||||||||||||
Total Computer Hardware - 0.06%* | 211 | 178 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock | 10/8/2020 | 49,296 | 129 | 181 | |||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock | 9/30/2021 | 6,162 | 16 | 23 | |||||||||||||||||||||||||||
145 | 204 | |||||||||||||||||||||||||||||||
Cherry Technologies Inc. | Preferred Stock(2) | 11/23/2021 | 31,212 | 78 | 78 | |||||||||||||||||||||||||||
Embed Financial Technologies Inc. | Preferred Stock(2) | 9/21/2021 | — | 10 | 10 | |||||||||||||||||||||||||||
The Aligned Company | Preferred Stock | 10/21/2021 | 17,564 | 50 | 818 | |||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock(2) | 5/27/2020 | 136,869 | 44 | 772 | |||||||||||||||||||||||||||
Vestwell Holdings Inc. | Preferred Stock(2) | 9/3/2021 | 36,715 | 54 | 54 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.66%* | 381 | 1,936 | ||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.01%* | 35 | 35 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Baby Generation, Inc. | Common Stock | 1/26/2022 | 9,370 | 7 | 7 | |||||||||||||||||||||||||||
The Black Tux, Inc. | Preferred Stock | 11/5/2021 | 142,939 | 139 | 235 | |||||||||||||||||||||||||||
Clutter Inc. | Preferred Stock | 9/30/2020 | 19,649 | 113 | 113 | |||||||||||||||||||||||||||
Dance Gmbh(1)(3) | Preferred Stock(2) | 3/31/2022 | 35 | 37 | 37 | |||||||||||||||||||||||||||
Elodie Games, Inc. | Preferred Stock(2) | 9/16/2021 | 22,874 | 48 | 48 | |||||||||||||||||||||||||||
Ephemeral Solutions, Inc. | Common Stock(2) | 2/24/2022 | 1,143 | 6 | 6 | |||||||||||||||||||||||||||
Ever/Body, Inc. | Preferred Stock | 9/7/2021 | 188,283 | 92 | 75 | |||||||||||||||||||||||||||
Foodology, Inc.(1)(3) | Preferred Stock(2) | 3/25/2022 | 2,869 | 12 | 12 | |||||||||||||||||||||||||||
Good Eggs, Inc. | Preferred Stock | 8/12/2021 | 330,124 | 81 | 158 | |||||||||||||||||||||||||||
Hydrow, Inc. | Common Stock | 2/9/2021 | 50,863 | 70 | 164 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock | 8/6/2021 | 22,299 | 35 | 42 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock | 8/6/2021 | 13,936 | 25 | 31 | |||||||||||||||||||||||||||
130 | 237 | |||||||||||||||||||||||||||||||
Immersive Group Gaming LTD(1) | Preferred Stock | 7/12/2021 | 309,547 | 83 | 145 | |||||||||||||||||||||||||||
JOKR S.a.r.l.(1)(3) | Preferred Stock | 10/14/2021 | 20,944 | 536 | 536 | |||||||||||||||||||||||||||
Nate, Inc. | Preferred Stock(2) | 12/31/2021 | 26,506 | 115 | 29 | |||||||||||||||||||||||||||
Project 1920, Inc. | Preferred Stock | 3/25/2022 | 4,033 | 2 | 2 | |||||||||||||||||||||||||||
Spinn, Inc. | Preferred Stock(2) | 2/24/2022 | 8,142 | 10 | 10 | |||||||||||||||||||||||||||
Tempo Interactive Inc. | Preferred Stock(2) | 3/31/2021 | 4,413 | 25 | 25 | |||||||||||||||||||||||||||
Tripscout, Inc. | Preferred Stock(2) | 8/12/2021 | 37,532 | 7 | 7 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock | 2/1/2021 | 281,875 | 58 | 166 | |||||||||||||||||||||||||||
Well Dot, Inc. | Preferred Stock(2) | 12/18/2020 | 9,510 | 41 | 50 | |||||||||||||||||||||||||||
Well Dot, Inc. | Preferred Stock(2) | 3/29/2022 | 2,026 | 9 | 9 | |||||||||||||||||||||||||||
50 | 59 | |||||||||||||||||||||||||||||||
Total Consumer Products and Services - 0.65%* | 1,551 | 1,907 | ||||||||||||||||||||||||||||||
Cultivation | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock(2) | 5/27/2020 | 1,278 | 1,236 | 3,426 | |||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock | 7/16/2021 | 62 | 133 | 126 | |||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock | 10/12/2021 | 52 | 107 | 105 | |||||||||||||||||||||||||||
Total Cultivation - 1.24%* | 1,476 | 3,657 | ||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 5/27/2020 | 3,789 | 21 | 21 | |||||||||||||||||||||||||||
SiSense, Inc. | Success Fee | 12/28/2021 | — | 95 | 211 | |||||||||||||||||||||||||||
Total Database Software - 0.08%* | 116 | 232 | ||||||||||||||||||||||||||||||
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 5.00% EOT payment)(2) | 6/30/2022 | 389 | 385 | 385 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Software Development Applications - 3.40%* | 10,000 | 10,060 | 10,060 | |||||||||||||||||||||||||||||||||||
Total Debt Investments - 125.88%* | $ | 376,162 | $ | 374,628 | $ | 371,953 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock | 9/23/2021 | 81,572 | 217 | 217 | |||||||||||||||||||||||||||
Minted, Inc. | Preferred Stock | 9/30/2020 | 29,702 | 300 | 363 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock | 11/30/2020 | 70,203 | 249 | 195 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock | 3/31/2022 | 9,360 | 26 | 26 | |||||||||||||||||||||||||||
275 | 221 | |||||||||||||||||||||||||||||||
Trendly, Inc. | Preferred Stock | 5/27/2021 | 166,036 | 100 | 204 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 0.34%* | 892 | 1,005 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Merama Inc. | Preferred Stock | 4/28/2021 | 71,728 | 589 | 589 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.20%* | 589 | 589 | ||||||||||||||||||||||||||||||
Elder and Disabled Care | ||||||||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 5/27/2020 | 130,618 | 50 | 192 | |||||||||||||||||||||||||||
Total Elder and Disabled Care - 0.07%* | 50 | 192 | ||||||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock | 12/10/2021 | 30,810 | 77 | 77 | |||||||||||||||||||||||||||
Kobold Metals Company | Preferred Stock(2) | 7/16/2021 | 37,287 | 37 | 593 | |||||||||||||||||||||||||||
Total Energy - 0.23%* | 114 | 670 | ||||||||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Ordinary Shares(2) | 5/6/2021 | 4,635 | 77 | 40 | |||||||||||||||||||||||||||
Feast Kitchen Inc.(1)(3) | Preferred Stock(2) | 5/27/2020 | 29,145 | 126 | 34 | |||||||||||||||||||||||||||
Feast Kitchen Inc.(1)(3) | Preferred Stock(2) | 9/14/2020 | 36,893 | 59 | 53 | |||||||||||||||||||||||||||
185 | 87 | |||||||||||||||||||||||||||||||
Total Food Products - 0.04%* | 262 | 127 | ||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||
Found Health, Inc. | Preferred Stock(2) | 3/25/2022 | 2,465 | 1 | 1 | |||||||||||||||||||||||||||
Levels Health Inc. | Preferred Stock | 9/3/2021 | 47,162 | 37 | 37 | |||||||||||||||||||||||||||
The Pill Club Holding, Inc. | Common Stock(2) | 12/31/2021 | 60,977 | 61 | 61 | |||||||||||||||||||||||||||
Total Healthcare Services - 0.03%* | 99 | 99 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 12/31/2020 | 45,089 | 109 | 109 | |||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 10/19/2021 | 9,337 | 12 | 12 | |||||||||||||||||||||||||||
121 | 121 | |||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock | 5/27/2020 | 45,008 | 119 | 292 | |||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/27/2020 | 12,007 | 19 | 14 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 11/20/2020 | 1,083,470 | 195 | 542 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 3/25/2022 | 220,479 | 83 | 83 | |||||||||||||||||||||||||||
278 | 625 | |||||||||||||||||||||||||||||||
Noho Dental, Inc. | Preferred Stock(2) | 11/3/2020 | 56,109 | 228 | 228 | |||||||||||||||||||||||||||
SafelyYou Inc. | Preferred Stock(2) | 1/21/2021 | 69,346 | 21 | 187 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.50%* | 786 | 1,467 | ||||||||||||||||||||||||||||||
Home Furnishings | ||||||||||||||||||||||||||||||||
Feather Home Inc. | Preferred Stock | 5/27/2020 | 33,910 | 138 | 146 | |||||||||||||||||||||||||||
Feather Home Inc. | Preferred Stock | 10/8/2021 | 8,812 | 24 | 24 | |||||||||||||||||||||||||||
162 | 170 | |||||||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 6/9/2021 | 76,783 | 48 | 75 | |||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 8/24/2021 | 38,391 | 24 | 38 | |||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 10/19/2021 | 38,391 | 17 | 38 | |||||||||||||||||||||||||||
89 | 151 | |||||||||||||||||||||||||||||||
Total Home Furnishings - 0.11%* | 251 | 321 | ||||||||||||||||||||||||||||||
Household Products |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Warrant Investments(7)(8) | ||||||||||||||||||||||||||||||||
Aerospace and Defense | ||||||||||||||||||||||||||||||||
Astranis Space Technologies Corp. | Preferred Stock(2) | 5/27/2020 | 70,959 | $ | 95 | $ | 765 | |||||||||||||||||||||||||
Dedrone Holdings, Inc. | Preferred Stock | 3/2/2021 | 71,018 | 92 | 92 | |||||||||||||||||||||||||||
LeoLabs, Inc. | Preferred Stock(2) | 1/20/2022 | 72,837 | 66 | 66 | |||||||||||||||||||||||||||
Total Aerospace and Defense - 0.31%* | 253 | 923 | ||||||||||||||||||||||||||||||
Application Software | ||||||||||||||||||||||||||||||||
Flo Health UK Limited(1)(3) | Preferred Stock(2) | 5/10/2022 | 1,163 | 10 | 10 | |||||||||||||||||||||||||||
Total Application Software - 0.00%* | 10 | 10 | ||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Blueboard Inc. | Common Stock(2) | 3/11/2021 | 69,768 | 14 | 14 | |||||||||||||||||||||||||||
Dialpad, Inc. | Preferred Stock(2) | 8/3/2020 | 14,490 | 51 | 59 | |||||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 4/20/2021 | 74,462 | 15 | 118 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock | 6/15/2021 | 93,767 | 360 | 557 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock | 9/30/2021 | 23,442 | 90 | 139 | |||||||||||||||||||||||||||
450 | 696 | |||||||||||||||||||||||||||||||
Morty, Inc. | Preferred Stock(2) | 10/1/2021 | 44,490 | 33 | 33 | |||||||||||||||||||||||||||
Narvar, Inc. | Preferred Stock(2) | 8/28/2020 | 21,790 | 102 | 102 | |||||||||||||||||||||||||||
Tide Holdings Limited(1)(3) | Preferred Stock | 11/13/2020 | 52,609 | 45 | 73 | |||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Common Stock | 12/22/2021 | 10,000 | 10 | 53 | |||||||||||||||||||||||||||
Total Business Applications Software - 0.39%* | 720 | 1,148 | ||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||
Cardless Inc. | Common Stock | 11/18/2021 | 12,903 | 28 | 58 | |||||||||||||||||||||||||||
Cart.com, Inc. | Common Stock(2) | 12/30/2021 | 8,183 | 119 | 101 | |||||||||||||||||||||||||||
Cart.com, Inc. | Preferred Stock(2) | 3/31/2022 | 544 | 3 | 3 | |||||||||||||||||||||||||||
122 | 104 | |||||||||||||||||||||||||||||||
Certamen Ventures Inc. | Preferred Stock | 10/7/2021 | 90,266 | 42 | 46 | |||||||||||||||||||||||||||
Elsker, Inc. | Preferred Stock(2) | 9/1/2021 | 35,492 | 18 | 16 | |||||||||||||||||||||||||||
Path Robotics, Inc. | Common Stock(2) | 12/17/2021 | 40,579 | 130 | 208 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 141,409 | 315 | 315 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 31,698 | 35 | 35 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 22,188 | 24 | 24 | |||||||||||||||||||||||||||
374 | 374 | |||||||||||||||||||||||||||||||
Quick Commerce Ltd.(1)(3) | Preferred Stock(2) | 5/4/2022 | 114,041 | 26 | 26 | |||||||||||||||||||||||||||
RedFish Labs, Inc. | Preferred Stock | 11/23/2021 | 53,862 | 122 | 139 | |||||||||||||||||||||||||||
RenoRun, Inc.(1) | Preferred Stock | 12/30/2021 | 4,242 | 93 | 93 | |||||||||||||||||||||||||||
Worldwide Freight Logistics Limited(1)(3) | Preferred Stock(2) | 6/15/2022 | 1,502 | 25 | 25 | |||||||||||||||||||||||||||
Total Business Products and Services - 0.37%* | 980 | 1,089 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
Material Technologies Corporation | Preferred Stock(2) | 8/24/2020 | 23,576 | 156 | 156 | |||||||||||||||||||||||||||
Total Business to Business Marketplace - 0.05%* | 156 | 156 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Idelic, Inc. | Preferred Stock(2) | 12/10/2021 | 30,551 | 46 | 46 | |||||||||||||||||||||||||||
Manufactured Networks, Inc.(11) | Preferred Stock(2) | 5/6/2022 | — | — | — | |||||||||||||||||||||||||||
Metropolis Technologies, Inc. | Common Stock(2) | 3/30/2022 | 3,495 | 3 | 19 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.02%* | 49 | 65 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Dumpling, Inc. | Preferred Stock(2) | 9/30/2020 | 17,003 | 6 | 6 | |||||||||||||||||||||||||||
Total Commercial Services - 0.00%* | 6 | 6 | ||||||||||||||||||||||||||||||
Communication Software | ||||||||||||||||||||||||||||||||
Hiya, Inc. | Preferred Stock | 5/27/2020 | 115,073 | 54 | 54 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 5/27/2020 | 33,038 | 72 | 105 | |||||||||||||||||||||||||||
Total Household Products - 0.04%* | 72 | 105 | ||||||||||||||||||||||||||||||
Human Capital Services | ||||||||||||||||||||||||||||||||
Eightfold AI Inc. | Preferred Stock(2) | 5/27/2020 | 69,577 | 186 | 336 | |||||||||||||||||||||||||||
Karat Financial Technologies Incorporated | Preferred Stock(2) | 6/18/2021 | 109,704 | 64 | 64 | |||||||||||||||||||||||||||
WorkStep Inc. | Preferred Stock(2) | 5/6/2021 | 17,244 | 12 | 12 | |||||||||||||||||||||||||||
Total Human Capital Services - 0.14%* | 262 | 412 | ||||||||||||||||||||||||||||||
Information Services (B2C) | ||||||||||||||||||||||||||||||||
Cleo AI Ltd.(1)(3) | Preferred Stock(2) | 5/27/2020 | 41,041 | 82 | 88 | |||||||||||||||||||||||||||
Kasa Living, Inc. | Preferred Stock(2) | 4/12/2021 | 25,832 | 72 | 72 | |||||||||||||||||||||||||||
Total Information Services (B2C) - 0.05%* | 154 | 160 | ||||||||||||||||||||||||||||||
Infrastructure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock | 5/27/2020 | 2,775 | 90 | 55 | |||||||||||||||||||||||||||
Total Infrastructure - 0.02%* | 90 | 55 | ||||||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||
Angle Health, Inc. | Preferred Stock(2) | 3/18/2022 | 70,225 | 14 | 14 | |||||||||||||||||||||||||||
Beam Technologies Inc. | Preferred Stock(2) | 5/27/2020 | 5,344 | 57 | 81 | |||||||||||||||||||||||||||
Sidecar Health, Inc. | Preferred Stock | 8/26/2021 | 32,620 | 34 | 81 | |||||||||||||||||||||||||||
Total Life and Health Insurance - 0.06%* | 105 | 176 | ||||||||||||||||||||||||||||||
Logistics | ||||||||||||||||||||||||||||||||
Passport Labs, Inc. | Common Stock(2) | 5/27/2020 | 2,102 | 51 | 51 | |||||||||||||||||||||||||||
Total Logistics - 0.02%* | 51 | 51 | ||||||||||||||||||||||||||||||
Medical Software and Information Services | ||||||||||||||||||||||||||||||||
HI LLC (Kernel) | Preferred Stock | 12/21/2020 | 49,425 | 48 | 48 | |||||||||||||||||||||||||||
Total Medical Software and Information Services - 0.02%* | 48 | 48 | ||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Preferred Stock | 5/12/2021 | 21,084 | 80 | 80 | |||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Preferred Stock | 9/30/2021 | 27,559 | 105 | 105 | |||||||||||||||||||||||||||
185 | 185 | |||||||||||||||||||||||||||||||
Strata Identity, Inc. | Preferred Stock(2) | 11/3/2021 | 6,941 | 7 | 7 | |||||||||||||||||||||||||||
Total Multimedia and Design Software - 0.07%* | 192 | 192 | ||||||||||||||||||||||||||||||
Network Management Software | ||||||||||||||||||||||||||||||||
Callsign, Inc.(1)(3) | Preferred Stock(2) | 5/27/2020 | 21,604 | 180 | 180 | |||||||||||||||||||||||||||
Total Network Management Software - 0.06%* | 180 | 180 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 10/15/2021 | 6 | 173 | 166 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.06%* | 173 | 166 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Belong Home, Inc. | Preferred Stock(2) | 2/15/2022 | 7,730 | 6 | 6 | |||||||||||||||||||||||||||
Common Living Inc. | Preferred Stock | 5/27/2020 | 729,380 | 185 | 160 | |||||||||||||||||||||||||||
Common Living Inc. | Preferred Stock | 4/30/2021 | 107,718 | 29 | 23 | |||||||||||||||||||||||||||
Common Living Inc. | Preferred Stock | 3/18/2022 | 282,815 | 59 | 59 | |||||||||||||||||||||||||||
273 | 242 | |||||||||||||||||||||||||||||||
Demain ES(1)(3) | Preferred Stock | 12/30/2021 | 2,127 | 105 | 103 | |||||||||||||||||||||||||||
Divvy Homes Inc. | Preferred Stock(2) | 10/27/2020 | 128,289 | 470 | 1,124 | |||||||||||||||||||||||||||
Homeward, Inc. | Preferred Stock | 12/10/2021 | 38,302 | 148 | 148 | |||||||||||||||||||||||||||
Mynd Management, Inc. | Preferred Stock | 5/27/2020 | 43,472 | 83 | 198 | |||||||||||||||||||||||||||
Ribbon Home, Inc. | Common Stock | 3/5/2021 | 24,280 | 226 | 226 | |||||||||||||||||||||||||||
Ribbon Home, Inc. | Common Stock | 12/30/2021 | 7,670 | 71 | 71 | |||||||||||||||||||||||||||
297 | 297 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Total Communication Software - 0.02%* | 54 | 54 | ||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||
Canvas Construction Inc. | Preferred Stock(2) | 11/30/2021 | 21,686 | 18 | 18 | |||||||||||||||||||||||||||
Swift Navigation, Inc. | Preferred Stock(2) | 7/30/2020 | 62,874 | 77 | 148 | |||||||||||||||||||||||||||
Iris Automation, Inc. | Preferred Stock(2) | 2/11/2022 | 43,365 | 24 | 24 | |||||||||||||||||||||||||||
Quantum Circuits, Inc. | Preferred Stock(2) | 4/29/2022 | 21,134 | 27 | 27 | |||||||||||||||||||||||||||
Grey Orange International Inc. | Preferred Stock | 3/16/2021 | 13,940 | 92 | 58 | |||||||||||||||||||||||||||
Total Computer Hardware - 0.09%* | 238 | 275 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock | 10/8/2020 | 49,296 | 129 | 181 | |||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock | 9/30/2021 | 6,162 | 16 | 23 | |||||||||||||||||||||||||||
145 | 204 | |||||||||||||||||||||||||||||||
Cherry Technologies Inc. | Preferred Stock(2) | 11/23/2021 | 47,291 | 118 | 43 | |||||||||||||||||||||||||||
Embed Financial Technologies Inc.(11) | Preferred Stock(2) | 9/21/2021 | — | 10 | 10 | |||||||||||||||||||||||||||
The Aligned Company | Preferred Stock | 10/21/2021 | 17,564 | 50 | 818 | |||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock(2) | 5/27/2020 | 136,869 | 44 | 772 | |||||||||||||||||||||||||||
Vestwell Holdings Inc. | Preferred Stock(2) | 9/3/2021 | 36,715 | 54 | 54 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.64%* | 421 | 1,901 | ||||||||||||||||||||||||||||||
Consumer Non-Durables | ||||||||||||||||||||||||||||||||
Alyk, Inc. | Preferred Stock | 6/16/2021 | 61,096 | 21 | 21 | |||||||||||||||||||||||||||
Athletic Greens International, Inc. | Preferred Stock(2) | 6/3/2022 | 113 | 4 | 4 | |||||||||||||||||||||||||||
Don't Run Out, Inc. | Preferred Stock(2) | 12/30/2021 | 18,398 | 14 | 14 | |||||||||||||||||||||||||||
Trueskin GmbH(1)(3) | Preferred Stock(2) | 4/13/2022 | 20 | 9 | 9 | |||||||||||||||||||||||||||
Underground Enterprises, Inc.(11) | Preferred Stock(2) | 5/18/2022 | — | — | — | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.02%* | 48 | 48 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Baby Generation, Inc. | Common Stock | 1/26/2022 | 9,370 | 7 | 7 | |||||||||||||||||||||||||||
The Black Tux, Inc. | Preferred Stock | 11/5/2021 | 142,939 | 139 | 255 | |||||||||||||||||||||||||||
Clutter Inc. | Preferred Stock | 9/30/2020 | 19,649 | 113 | 113 | |||||||||||||||||||||||||||
Dance Gmbh(1)(3) | Preferred Stock(2) | 3/31/2022 | 35 | 37 | 35 | |||||||||||||||||||||||||||
Elektra Mobility Inc. | Preferred Stock(2) | 5/6/2022 | — | — | — | |||||||||||||||||||||||||||
Elodie Games, Inc. | Preferred Stock(2) | 9/16/2021 | 22,874 | 48 | 48 | |||||||||||||||||||||||||||
Ephemeral Solutions, Inc. | Common Stock(2) | 2/24/2022 | 2,286 | 12 | 12 | |||||||||||||||||||||||||||
Ever/Body, Inc. | Preferred Stock | 9/7/2021 | 188,283 | 92 | 155 | |||||||||||||||||||||||||||
Flink SE(1)(3) | Common Stock(2) | 4/13/2022 | 9 | 23 | 23 | |||||||||||||||||||||||||||
Foodology Inc.(1)(3) | Preferred Stock(2) | 3/25/2022 | 2,869 | 12 | 12 | |||||||||||||||||||||||||||
Good Eggs, Inc. | Preferred Stock | 8/12/2021 | 577,717 | 142 | 219 | |||||||||||||||||||||||||||
Hydrow, Inc. | Common Stock | 2/9/2021 | 50,863 | 70 | 164 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock | 8/6/2021 | 22,299 | 35 | 42 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock | 8/6/2021 | 13,936 | 25 | 31 | |||||||||||||||||||||||||||
130 | 237 | |||||||||||||||||||||||||||||||
Immersive Group Gaming LTD(1) | Preferred Stock | 7/12/2021 | 309,547 | 83 | 145 | |||||||||||||||||||||||||||
JOKR S.a.r.l.(1)(3) | Preferred Stock | 10/14/2021 | 20,944 | 536 | 210 | |||||||||||||||||||||||||||
Mystery Tackle Box, Inc. | Preferred Stock(2) | 4/29/2022 | 12,799 | 14 | 14 | |||||||||||||||||||||||||||
Nakdcom One World AB(1)(3) | Preferred Stock(2) | 6/6/2022 | 14,709 | 20 | 20 | |||||||||||||||||||||||||||
Nate, Inc. | Preferred Stock(2) | 12/31/2021 | 53,012 | 230 | 143 | |||||||||||||||||||||||||||
NxFoods GmbH(1)(3)(11) | Preferred Stock(2) | 6/1/2022 | — | — | — | |||||||||||||||||||||||||||
Project 1920, Inc. | Preferred Stock | 3/25/2022 | 4,537 | 3 | 3 | |||||||||||||||||||||||||||
Spinn, Inc. | Preferred Stock(2) | 2/24/2022 | 8,142 | 10 | 10 | |||||||||||||||||||||||||||
Tempo Interactive Inc. | Preferred Stock(2) | 3/31/2021 | 4,413 | 25 | 4 | |||||||||||||||||||||||||||
Tripscout, Inc. | Preferred Stock(2) | 8/12/2021 | 37,532 | 7 | 7 | |||||||||||||||||||||||||||
Untitled Labs, Inc. | Common Stock(2) | 6/23/2022 | 16,099 | 10 | 10 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock | 2/1/2021 | 281,875 | 58 | 156 | |||||||||||||||||||||||||||
Well Dot, Inc. | Preferred Stock(2) | 12/18/2020 | 9,510 | 41 | 50 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Side, Inc. | Preferred Stock | 7/29/2020 | 71,501 | 57 | 583 | |||||||||||||||||||||||||||
True Footage, Inc. | Preferred Stock | 11/24/2021 | 55,098 | 75 | 75 | |||||||||||||||||||||||||||
YDC, Inc. | Preferred Stock | 12/10/2021 | 12,244 | 56 | 56 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.96%* | 1,570 | 2,832 | ||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock(2) | 5/27/2020 | 14,085 | 43 | 25 | |||||||||||||||||||||||||||
Sylva, Inc. | Preferred Stock | 7/12/2021 | 42,936 | 30 | 33 | |||||||||||||||||||||||||||
Sylva, Inc. | Preferred Stock | 12/21/2021 | 42,940 | 30 | 192 | |||||||||||||||||||||||||||
60 | 225 | |||||||||||||||||||||||||||||||
Total Social/Platform Software - 0.08%* | 103 | 250 | ||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Preferred Stock(2) | 11/15/2021 | 14,621 | — | — | |||||||||||||||||||||||||||
Forte Labs, Inc. | Preferred Stock(2) | 12/30/2020 | 318,571 | 65 | 144 | |||||||||||||||||||||||||||
Total Software Development Applications - 0.05%* | 65 | 144 | ||||||||||||||||||||||||||||||
Total Warrant Investments - 7.02%* | $ | 12,373 | $ | 20,718 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Well Dot, Inc. | Preferred Stock(2) | 3/29/2022 | 2,026 | 9 | 9 | |||||||||||||||||||||||||||
50 | 59 | |||||||||||||||||||||||||||||||
Total Consumer Products and Services - 0.64%* | 1,801 | 1,897 | ||||||||||||||||||||||||||||||
Cultivation | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock(2) | 5/27/2020 | 1,278 | 1,223 | 3,211 | |||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock | 7/16/2021 | 62 | 133 | 118 | |||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock | 10/12/2021 | 52 | 107 | 99 | |||||||||||||||||||||||||||
Total Cultivation - 1.16%* | 1,463 | 3,428 | ||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 5/27/2020 | 3,789 | 21 | 21 | |||||||||||||||||||||||||||
SiSense, Inc. | Success Fee | 12/28/2021 | — | 95 | 211 | |||||||||||||||||||||||||||
Total Database Software - 0.08%* | 116 | 232 | ||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock | 9/23/2021 | 81,572 | 217 | 217 | |||||||||||||||||||||||||||
Minted, Inc. | Preferred Stock | 9/30/2020 | 29,702 | 300 | 363 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock | 11/30/2020 | 70,203 | 249 | 195 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock | 3/31/2022 | 9,360 | 26 | 26 | |||||||||||||||||||||||||||
275 | 221 | |||||||||||||||||||||||||||||||
Trendly, Inc. | Preferred Stock | 5/27/2021 | 191,580 | 115 | 189 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 0.34%* | 907 | 990 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock | 7/6/2021 | 2,960 | 146 | 205 | |||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock | 12/23/2021 | 2,714 | 188 | 188 | |||||||||||||||||||||||||||
334 | 393 | |||||||||||||||||||||||||||||||
Merama Inc. | Preferred Stock | 4/28/2021 | 71,728 | 589 | 792 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.40%* | 923 | 1,185 | ||||||||||||||||||||||||||||||
Elder and Disabled Care | ||||||||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 5/27/2020 | 130,618 | 50 | 192 | |||||||||||||||||||||||||||
Total Elder and Disabled Care - 0.06%* | 50 | 192 | ||||||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock | 12/10/2021 | 30,810 | 77 | 270 | |||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock(2) | 6/29/2022 | 19,795 | 117 | 117 | |||||||||||||||||||||||||||
194 | 387 | |||||||||||||||||||||||||||||||
Kobold Metals Company | Preferred Stock(2) | 7/16/2021 | 37,287 | 37 | 593 | |||||||||||||||||||||||||||
Total Energy - 0.33%* | 231 | 980 | ||||||||||||||||||||||||||||||
Entertainment Software | ||||||||||||||||||||||||||||||||
Encore Music Technologies, Inc. | Preferred Stock(2) | 4/14/2022 | 15,280 | 15 | 15 | |||||||||||||||||||||||||||
Total Entertainment Software - 0.01%* | 15 | 15 | ||||||||||||||||||||||||||||||
Financial Software | ||||||||||||||||||||||||||||||||
Parker Group Inc. | Common Stock(2) | 4/6/2022 | 2,667 | 9 | 9 | |||||||||||||||||||||||||||
Total Financial Software - 0.00%* | 9 | 9 | ||||||||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Ordinary Shares(2) | 5/6/2021 | 4,635 | 77 | 37 | |||||||||||||||||||||||||||
Feast Kitchen Inc.(1)(3) | Preferred Stock(2) | 5/27/2020 | 29,145 | 126 | 34 | |||||||||||||||||||||||||||
Feast Kitchen Inc.(1)(3) | Preferred Stock(2) | 9/14/2020 | 36,893 | 59 | 53 | |||||||||||||||||||||||||||
185 | 87 | |||||||||||||||||||||||||||||||
Total Food Products - 0.04%* | 262 | 124 | ||||||||||||||||||||||||||||||
General Media and Content | ||||||||||||||||||||||||||||||||
Overtime Sports, Inc.(11) | Preferred Stock(2) | 5/4/2022 | — | — | — | |||||||||||||||||||||||||||
Total General Media and Content - 0.00%* | — | — |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Equity | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Equity Investments(8) | ||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 9/22/2020 | 9,016 | $ | 70 | $ | 92 | |||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 2/4/2022 | 22,541 | 143 | 144 | |||||||||||||||||||||||||||
Tide Platform Limited(1)(3) | Preferred Stock(2) | 8/19/2021 | 43,338 | 515 | 484 | |||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Preferred Stock(2) | 1/28/2022 | 8,066 | 100 | 100 | |||||||||||||||||||||||||||
Total Business Applications Software - 0.28%* | 828 | 820 | ||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||
Certamen Ventures, Inc. | Preferred Stock(2) | 3/4/2022 | 97,195 | 200 | 200 | |||||||||||||||||||||||||||
MXP Prime Platform GmbH(1)(3) | Preferred Stock(2) | 2/15/2022 | 48 | 570 | 557 | |||||||||||||||||||||||||||
Printify, Inc. | Preferred Stock(2) | 8/24/2021 | 13,850 | 50 | 50 | |||||||||||||||||||||||||||
Total Business Products and Services - 0.27%* | 820 | 807 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
Material Technologies Corporation | Preferred Stock(2) | 4/23/2021 | 22,107 | 450 | 450 | |||||||||||||||||||||||||||
Total Business to Business Marketplace - 0.15%* | 450 | 450 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock(2) | 7/16/2021 | 493 | 90 | 90 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.03%* | 90 | 90 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock(2) | 11/10/2020 | 9,859 | 100 | 114 | |||||||||||||||||||||||||||
Embed Financial Technologies Inc. | Preferred Stock(2) | 9/24/2021 | 12,195 | 125 | 125 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.08%* | 225 | 239 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Divvy Homes Inc. | Preferred Stock(2) | 7/28/2021 | 4,965 | 95 | 95 | |||||||||||||||||||||||||||
Divvy Homes Inc. | Common Stock(2) | 7/28/2021 | 261 | 5 | 5 | |||||||||||||||||||||||||||
100 | 100 | |||||||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 12/14/2020 | 42,642 | 166 | 274 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 3/19/2021 | 22,881 | 165 | 188 | |||||||||||||||||||||||||||
331 | 462 | |||||||||||||||||||||||||||||||
JOKR S.a.r.l.(1)(3) | Preferred Stock(2) | 12/7/2021 | 67 | 375 | 375 | |||||||||||||||||||||||||||
Loyalty Ventures, Inc. | Common Stock(2)(10) | 11/5/2021 | 2,713 | 115 | 45 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 8/9/2021 | 56,023 | 168 | 174 | |||||||||||||||||||||||||||
Well Dot, Inc. | Preferred Stock(2) | 10/16/2020 | 26,416 | 250 | 322 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.50%* | 1,339 | 1,478 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 5,433 | 31 | 58 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 6,944 | 13 | 82 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 9/1/2021 | 3,862 | 62 | 62 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.07%* | 106 | 202 | ||||||||||||||||||||||||||||||
Elder and Disabled Care | ||||||||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 10/16/2020 | 82,443 | 198 | 228 | |||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 10/1/2021 | 20,932 | 66 | 66 | |||||||||||||||||||||||||||
Total Elder and Disabled Care - 0.10%* | 264 | 294 | ||||||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock(2) | 9/21/2021 | 16,438 | 167 | 167 | |||||||||||||||||||||||||||
Kobold Metals Company | Preferred Stock(2) | 1/10/2022 | 25,537 | 700 | 700 | |||||||||||||||||||||||||||
Total Energy - 0.29%* | 867 | 867 | ||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 7/30/2021 | 62,252 | 333 | 333 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||
Found Health, Inc. | Preferred Stock(2) | 3/25/2022 | 2,465 | 1 | 1 | |||||||||||||||||||||||||||
Levels Health Inc. | Preferred Stock | 9/3/2021 | 47,162 | 37 | 216 | |||||||||||||||||||||||||||
The Pill Club Holding, Inc. | Common Stock(2) | 12/31/2021 | 60,977 | 61 | 61 | |||||||||||||||||||||||||||
Total Healthcare Services - 0.09%* | 99 | 278 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 12/31/2020 | 45,089 | 109 | 109 | |||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 10/19/2021 | 9,337 | 12 | 12 | |||||||||||||||||||||||||||
121 | 121 | |||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock | 5/27/2020 | 45,008 | 119 | 292 | |||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/27/2020 | 12,007 | 19 | 14 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 11/20/2020 | 1,083,470 | 200 | 542 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 3/25/2022 | 220,479 | 83 | 83 | |||||||||||||||||||||||||||
283 | 625 | |||||||||||||||||||||||||||||||
Noho Dental, Inc. | Preferred Stock(2) | 11/3/2020 | 56,109 | 228 | 228 | |||||||||||||||||||||||||||
SafelyYou Inc. | Preferred Stock(2) | 1/21/2021 | 69,346 | 21 | 187 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.50%* | 791 | 1,467 | ||||||||||||||||||||||||||||||
Home Furnishings | ||||||||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 6/9/2021 | 76,783 | 48 | 75 | |||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 8/24/2021 | 38,391 | 24 | 38 | |||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 10/19/2021 | 38,391 | 17 | 38 | |||||||||||||||||||||||||||
Total Home Furnishings - 0.05%* | 89 | 151 | ||||||||||||||||||||||||||||||
Household Products | ||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock(2) | 5/27/2020 | 33,038 | 72 | 38 | |||||||||||||||||||||||||||
Total Household Products - 0.01%* | 72 | 38 | ||||||||||||||||||||||||||||||
Human Capital Services | ||||||||||||||||||||||||||||||||
Eightfold AI Inc. | Preferred Stock(2) | 5/27/2020 | 69,577 | 186 | 336 | |||||||||||||||||||||||||||
Karat Financial Technologies Incorporated | Preferred Stock(2) | 6/18/2021 | 109,704 | 64 | 64 | |||||||||||||||||||||||||||
WorkStep Inc. | Preferred Stock(2) | 5/6/2021 | 17,244 | 12 | 31 | |||||||||||||||||||||||||||
Total Human Capital Services - 0.15%* | 262 | 431 | ||||||||||||||||||||||||||||||
Information Services (B2C) | ||||||||||||||||||||||||||||||||
Cleo AI Ltd.(1)(3) | Preferred Stock(2) | 5/27/2020 | 41,041 | 82 | 88 | |||||||||||||||||||||||||||
Kasa Living, Inc. | Preferred Stock(2) | 4/12/2021 | 25,832 | 72 | 72 | |||||||||||||||||||||||||||
Total Information Services (B2C) - 0.05%* | 154 | 160 | ||||||||||||||||||||||||||||||
Infrastructure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock | 5/27/2020 | 2,775 | 90 | 67 | |||||||||||||||||||||||||||
Total Infrastructure - 0.02%* | 90 | 67 | ||||||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||
Angle Health, Inc. | Preferred Stock(2) | 3/18/2022 | 70,225 | 14 | 14 | |||||||||||||||||||||||||||
Beam Technologies Inc. | Preferred Stock(2) | 5/27/2020 | 5,344 | 57 | 81 | |||||||||||||||||||||||||||
Sidecar Health, Inc. | Preferred Stock | 8/26/2021 | 32,620 | 34 | 81 | |||||||||||||||||||||||||||
Total Life and Health Insurance - 0.06%* | 105 | 176 | ||||||||||||||||||||||||||||||
Logistics | ||||||||||||||||||||||||||||||||
Passport Labs, Inc. | Common Stock(2) | 5/27/2020 | 2,102 | 51 | 51 | |||||||||||||||||||||||||||
Total Logistics - 0.02%* | 51 | 51 | ||||||||||||||||||||||||||||||
Medical Software and Information Services | ||||||||||||||||||||||||||||||||
HI LLC (Kernel) | Preferred Stock | 12/21/2020 | 49,425 | 48 | 48 | |||||||||||||||||||||||||||
Total Medical Software and Information Services - 0.02%* | 48 | 48 | ||||||||||||||||||||||||||||||
Multimedia and Design Software |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of March 31, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Equity | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock(2) | 8/12/2021 | 209,979 | 250 | 267 | |||||||||||||||||||||||||||
Total Healthcare Services - 0.20%* | 583 | 600 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 4/21/2021 | 863 | 13 | 6 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.00%* | 13 | 6 | ||||||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||
Beam Technologies Inc. | Preferred Stock(2) | 1/5/2021 | 1,901 | 80 | 80 | |||||||||||||||||||||||||||
Total Life and Health Insurance - 0.03%* | 80 | 80 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 12/8/2021 | 12 | 690 | 964 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.33%* | 690 | 964 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Preferred Stock(2) | 6/29/2021 | 31,149 | 500 | 500 | |||||||||||||||||||||||||||
True Footage, Inc. | Preferred Stock(2) | 10/18/2021 | 18,366 | 100 | 100 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.20%* | 600 | 600 | ||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||
Forte Labs, Inc. | Preferred Stock(2) | 5/13/2021 | 184,679 | 250 | 250 | |||||||||||||||||||||||||||
Total Software Development Applications - 0.08%* | 250 | 250 | ||||||||||||||||||||||||||||||
Total Equity Investments - 2.63%* | $ | 7,205 | $ | 7,747 | ||||||||||||||||||||||||||||
Total Investments in Portfolio Companies - 126.82%*(4) | $ | 366,108 | $ | 374,243 | ||||||||||||||||||||||||||||
Total Investments - 126.82%*(5) | $ | 366,108 | $ | 374,243 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Preferred Stock | 5/12/2021 | 21,084 | 80 | 80 | |||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Preferred Stock | 9/30/2021 | 27,559 | 105 | 105 | |||||||||||||||||||||||||||
185 | 185 | |||||||||||||||||||||||||||||||
Strata Identity, Inc. | Preferred Stock(2) | 11/3/2021 | 6,941 | 7 | 7 | |||||||||||||||||||||||||||
Total Multimedia and Design Software - 0.06%* | 192 | 192 | ||||||||||||||||||||||||||||||
Network Management Software | ||||||||||||||||||||||||||||||||
Callsign, Inc.(1)(3) | Preferred Stock(2) | 5/27/2020 | 21,604 | 180 | 180 | |||||||||||||||||||||||||||
Total Network Management Software - 0.06%* | 180 | 180 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Jerry Services, Inc. | Preferred Stock(2) | 6/13/2022 | 1,691 | 6 | 6 | |||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 10/15/2021 | 6 | 173 | 156 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.05%* | 179 | 162 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Belong Home, Inc. | Preferred Stock(2) | 2/15/2022 | 7,730 | 6 | 15 | |||||||||||||||||||||||||||
Common Living Inc. | Preferred Stock | 5/27/2020 | 729,380 | 185 | 160 | |||||||||||||||||||||||||||
Common Living Inc. | Preferred Stock | 4/30/2021 | 107,718 | 28 | 23 | |||||||||||||||||||||||||||
Common Living Inc. | Preferred Stock | 3/18/2022 | 426,440 | 90 | 90 | |||||||||||||||||||||||||||
303 | 273 | |||||||||||||||||||||||||||||||
Demain ES(1)(3) | Preferred Stock | 12/30/2021 | 2,127 | 105 | 97 | |||||||||||||||||||||||||||
Divvy Homes Inc. | Preferred Stock(2) | 10/27/2020 | 128,289 | 470 | 1,124 | |||||||||||||||||||||||||||
Homeward, Inc. | Preferred Stock | 12/10/2021 | 38,302 | 148 | 42 | |||||||||||||||||||||||||||
McN Investments Ltd.(1)(3) | Preferred Stock(2) | 5/27/2022 | 1,874 | 15 | 15 | |||||||||||||||||||||||||||
Mynd Management, Inc. | Preferred Stock | 5/27/2020 | 43,472 | 83 | 210 | |||||||||||||||||||||||||||
Ribbon Home, Inc. | Common Stock | 3/5/2021 | 24,280 | 226 | 186 | |||||||||||||||||||||||||||
Ribbon Home, Inc. | Common Stock | 12/30/2021 | 7,670 | 71 | 59 | |||||||||||||||||||||||||||
297 | 245 | |||||||||||||||||||||||||||||||
Side, Inc. | Preferred Stock | 7/29/2020 | 71,501 | 57 | 583 | |||||||||||||||||||||||||||
True Footage, Inc. | Preferred Stock | 11/24/2021 | 91,830 | 126 | 126 | |||||||||||||||||||||||||||
YDC, Inc. | Preferred Stock | 12/10/2021 | 12,244 | 56 | 56 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.94%* | 1,666 | 2,786 | ||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock(2) | 5/27/2020 | 14,085 | 43 | 25 | |||||||||||||||||||||||||||
Sylva, Inc. | Preferred Stock | 7/12/2021 | 42,936 | 30 | 195 | |||||||||||||||||||||||||||
Sylva, Inc. | Preferred Stock | 12/21/2021 | 42,940 | 30 | 195 | |||||||||||||||||||||||||||
60 | 390 | |||||||||||||||||||||||||||||||
Total Social/Platform Software - 0.14%* | 103 | 415 | ||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||
Appex Group, Inc.(11) | Preferred Stock(2) | 11/15/2021 | 14,621 | — | — | |||||||||||||||||||||||||||
Forte Labs, Inc. | Preferred Stock(2) | 12/30/2020 | 318,571 | 65 | 224 | |||||||||||||||||||||||||||
Total Software Development Applications - 0.08%* | 65 | 224 | ||||||||||||||||||||||||||||||
Total Warrant Investments - 7.29%* | $ | 12,858 | $ | 21,553 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Equity | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Equity Investments(8) | ||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 9/22/2020 | 9,016 | $ | 70 | $ | 92 | |||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 2/4/2022 | 22,541 | 143 | 144 | |||||||||||||||||||||||||||
Tide Platform Limited(1)(3) | Preferred Stock(2) | 8/19/2021 | 43,338 | 515 | 448 | |||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Preferred Stock(2) | 1/28/2022 | 8,066 | 100 | 100 | |||||||||||||||||||||||||||
Total Business Applications Software - 0.27%* | 828 | 784 | ||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||
Certamen Ventures Inc. | Preferred Stock(2) | 3/4/2022 | 97,195 | 200 | 139 | |||||||||||||||||||||||||||
MXP Prime Platform GmbH(1)(3) | Preferred Stock(2) | 2/15/2022 | 48 | 570 | 523 | |||||||||||||||||||||||||||
Printify, Inc. | Preferred Stock(2) | 8/24/2021 | 13,850 | 50 | 50 | |||||||||||||||||||||||||||
Total Business Products and Services - 0.24%* | 820 | 712 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
Material Technologies Corporation | Preferred Stock(2) | 4/23/2021 | 12,822 | 261 | 324 | |||||||||||||||||||||||||||
Material Technologies Corporation | Preferred Stock(2) | 4/23/2021 | 9,285 | 189 | 234 | |||||||||||||||||||||||||||
Material Technologies Corporation | Preferred Stock(2) | 4/29/2022 | 15,050 | 500 | 500 | |||||||||||||||||||||||||||
Total Business to Business Marketplace - 0.36%* | 950 | 1,058 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock(2) | 11/10/2020 | 9,859 | 100 | 114 | |||||||||||||||||||||||||||
Embed Financial Technologies Inc. | Preferred Stock(2) | 9/24/2021 | 12,195 | 125 | 231 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.12%* | 225 | 345 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Divvy Homes Inc. | Preferred Stock(2) | 7/28/2021 | 4,965 | 95 | 95 | |||||||||||||||||||||||||||
Divvy Homes Inc. | Common Stock(2) | 7/28/2021 | 261 | 5 | 5 | |||||||||||||||||||||||||||
100 | 100 | |||||||||||||||||||||||||||||||
Ever/Body, Inc. | Preferred Stock(2) | 4/5/2022 | 195,574 | 350 | 350 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 12/14/2020 | 42,642 | 166 | 274 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 3/19/2021 | 22,881 | 165 | 188 | |||||||||||||||||||||||||||
331 | 462 | |||||||||||||||||||||||||||||||
JOKR S.a.r.l.(1)(3) | Preferred Stock(2) | 12/7/2021 | 5,593 | 375 | 307 | |||||||||||||||||||||||||||
Loyalty Ventures, Inc. | Common Stock(2)(10) | 11/5/2021 | 2,713 | 115 | 10 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 8/9/2021 | 56,023 | 168 | 164 | |||||||||||||||||||||||||||
Well Dot, Inc. | Preferred Stock(2) | 10/16/2020 | 26,416 | 250 | 322 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.58%* | 1,689 | 1,715 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock(2) | 7/16/2021 | 493 | 90 | 90 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 5,433 | 31 | 82 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 6,944 | 13 | 98 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 9/1/2021 | 3,862 | 62 | 73 | |||||||||||||||||||||||||||
106 | 253 | |||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.12%* | 196 | 343 | ||||||||||||||||||||||||||||||
Elder and Disabled Care | ||||||||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 10/16/2020 | 82,443 | 198 | 228 | |||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 10/1/2021 | 20,932 | 66 | 66 | |||||||||||||||||||||||||||
Total Elder and Disabled Care - 0.10%* | 264 | 294 | ||||||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock(2) | 9/21/2021 | 16,438 | 167 | 270 | |||||||||||||||||||||||||||
Kobold Metals Company | Preferred Stock(2) | 1/10/2022 | 25,537 | 700 | 700 | |||||||||||||||||||||||||||
Total Energy - 0.33%* | 867 | 970 | ||||||||||||||||||||||||||||||
Healthcare Services |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of June 30, 2022 | ||||||||||||||||||||||||||||||||
Company | Type of Equity | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 7/30/2021 | 62,252 | 333 | 333 | |||||||||||||||||||||||||||
Levels Health Inc. | Preferred Stock(2) | 6/10/2022 | 17,953 | 187 | 187 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock(2) | 8/12/2021 | 209,979 | 250 | 267 | |||||||||||||||||||||||||||
Total Healthcare Services - 0.27%* | 770 | 787 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 4/21/2021 | 863 | 13 | 13 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.00%* | 13 | 13 | ||||||||||||||||||||||||||||||
Infrastructure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock(2) | 5/9/2022 | 1,326 | 82 | 102 | |||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock(2) | 5/13/2022 | 1,027 | 79 | 79 | |||||||||||||||||||||||||||
Total Infrastructure - 0.06%* | 161 | 181 | ||||||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||
Beam Technologies Inc. | Preferred Stock(2) | 1/5/2021 | 1,901 | 80 | 80 | |||||||||||||||||||||||||||
Total Life and Health Insurance - 0.03%* | 80 | 80 | ||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||
Strata Identity, Inc. | Preferred Stock(2) | 6/24/2022 | 71,633 | 250 | 250 | |||||||||||||||||||||||||||
Total Multimedia Design Software - 0.08%* | 250 | 250 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
Jerry Services, Inc. | Preferred Stock(2) | 4/29/2022 | 656 | 8 | 8 | |||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 12/8/2021 | 12 | 690 | 907 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.31%* | 698 | 915 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Belong Home, Inc. | Preferred Stock(2) | 4/15/2022 | 6,033 | 29 | 29 | |||||||||||||||||||||||||||
McN Investments Ltd.(1)(3) | Preferred Stock(2) | 5/6/2022 | 749 | 20 | 20 | |||||||||||||||||||||||||||
Ribbon Home, Inc. | Preferred Stock(2) | 6/29/2021 | 31,149 | 500 | 441 | |||||||||||||||||||||||||||
True Footage, Inc. | Preferred Stock(2) | 10/18/2021 | 18,366 | 100 | 100 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.20%* | 649 | 590 | ||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||
Forte Labs, Inc. | Preferred Stock(2) | 5/13/2021 | 184,679 | 250 | 304 | |||||||||||||||||||||||||||
Total Software Development Applications - 0.10%* | 250 | 304 | ||||||||||||||||||||||||||||||
Total Equity Investments - 3.16%* | $ | 8,710 | $ | 9,341 | ||||||||||||||||||||||||||||
Total Investments in Portfolio Companies - 136.33%*(4) | $ | 396,196 | $ | 402,847 | ||||||||||||||||||||||||||||
Total Investments - 136.33%*(5) | $ | 396,196 | $ | 402,847 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Debt Investments | ||||||||||||||||||||||||||||||||||||||
Aerospace and Defense | ||||||||||||||||||||||||||||||||||||||
Dedrone Holdings, Inc. | Growth Capital Loan (Prime + 4.25% interest rate, 7.50% floor, 5.50% EOT payment) | 3/31/2021 | $ | 3,855 | $ | 3,867 | $ | 3,867 | 3/31/2024 | |||||||||||||||||||||||||||||
Total Aerospace and Defense - 1.76%* | 3,855 | 3,867 | 3,867 | |||||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||||||||
Filevine, Inc. | Growth Capital Loan (6.00% cash interest rate + 6.00% PIK, 5.50% EOT payment)(2) | 4/20/2021 | 7,291 | 7,269 | 7,269 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Filevine, Inc. | Growth Capital Loan (6.00% cash interest rate + 6.00% PIK, 5.50% EOT payment)(2) | 9/30/2021 | 3,046 | 3,012 | 3,012 | 9/30/2025 | ||||||||||||||||||||||||||||||||
10,337 | — | 10,281 | — | 10,281 | ||||||||||||||||||||||||||||||||||
FlashParking, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.00% EOT payment) | 6/15/2021 | 10,000 | 9,714 | 9,714 | 6/30/2024 | ||||||||||||||||||||||||||||||||
FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/24/2021 | 338 | 332 | 332 | 9/30/2023 | ||||||||||||||||||||||||||||||||
FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 9/28/2021 | 547 | 536 | 536 | 9/30/2023 | ||||||||||||||||||||||||||||||||
FlashParking, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 8.25% floor, 4.00% EOT payment) | 10/27/2021 | 278 | 276 | 276 | 10/31/2023 | ||||||||||||||||||||||||||||||||
11,163 | 10,858 | 10,858 | ||||||||||||||||||||||||||||||||||||
Tide Platform Limited(1)(3) | Growth Capital Loan (10.00% interest rate, 6.50% EOT payment) | 11/13/2020 | 4,780 | 4,850 | 4,948 | 11/30/2023 | ||||||||||||||||||||||||||||||||
Tide Platform Limited(1)(3) | Revolver (8.00% interest rate, 4.00% EOT payment) | 2/22/2021 | 1,768 | 1,839 | 1,756 | 1/13/2022 | ||||||||||||||||||||||||||||||||
6,548 | 6,689 | 6,704 | ||||||||||||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Growth Capital Loan (11.00% interest rate, 4.00% EOT payment) | 12/22/2021 | 2,000 | 1,976 | 1,976 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Growth Capital Loan (11.00% interest rate, 4.00% EOT payment) | 12/22/2021 | 2,000 | 1,976 | 1,976 | 12/31/2024 | ||||||||||||||||||||||||||||||||
4,000 | 3,952 | 3,952 | ||||||||||||||||||||||||||||||||||||
Total Business Applications Software - 14.47%* | 32,048 | 31,780 | 31,795 | |||||||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||||||||
Cardless Inc. | Growth Capital Loan (Prime + 3.25% interest rate, 6.50% floor, 2.00% EOT payment) | 11/18/2021 | 1,800 | 1,776 | 1,776 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Cardless Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 6.50% floor, 5.75% EOT payment) | 11/18/2021 | 4,200 | 4,155 | 4,155 | 11/30/2023 | ||||||||||||||||||||||||||||||||
6,000 | 5,931 | 5,931 | ||||||||||||||||||||||||||||||||||||
Cart.com, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 6.00% EOT payment)(2) | 12/30/2021 | 5,000 | 4,832 | 4,832 | 12/31/2025 | ||||||||||||||||||||||||||||||||
Phantom Auto Inc. | Growth Capital Loan (Prime + 6.25% interest rate, 9.50% floor, 6.00% EOT payment) | 7/14/2021 | 6,000 | 5,711 | 5,711 | 8/31/2024 | ||||||||||||||||||||||||||||||||
Rally Network, Inc. | Revolver (Prime + 5.75% interest rate, 9.00% floor, 5.75% EOT payment)(2) | 10/28/2021 | 2,500 | 2,488 | 2,488 | 10/28/2023 | ||||||||||||||||||||||||||||||||
RenoRun, Inc.(1)(3) | Growth Capital Loan (Prime + 10.50% interest rate, 13.75% floor, 8.25% EOT payment) | 12/30/2021 | 600 | 577 | 577 | 12/31/2025 | ||||||||||||||||||||||||||||||||
RenoRun, Inc.(1)(3) | Convertible Note (4.00% interest rate)(2) | 12/30/2021 | 300 | 300 | 300 | 12/30/2023 | ||||||||||||||||||||||||||||||||
900 | 877 | 877 | ||||||||||||||||||||||||||||||||||||
Total Business Products and Services - 9.03%* | 20,400 | 19,839 | 19,839 | |||||||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/6/2021 | 3,477 | 3,408 | 3,408 | 7/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 7/21/2021 | 263 | 257 | 257 | 7/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 8/10/2021 | 315 | 308 | 308 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 10/6/2021 | 1,458 | 1,416 | 1,416 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 11/2/2021 | 947 | 918 | 918 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 11/2/2021 | 2,540 | 2,461 | 2,461 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 848 | 818 | 818 | 12/31/2023 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 324 | 312 | 312 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Growth Capital Loan (10.00% interest rate, 4.00% EOT payment) | 12/28/2021 | 57 | 55 | 55 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Total Business/Productivity Software - 4.53%* | 10,229 | 9,953 | 9,953 | |||||||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Growth Capital Loan (8.25% interest rate, 3.75% EOT payment) | 9/24/2021 | 667 | 657 | 657 | 9/30/2022 | ||||||||||||||||||||||||||||||||
Grey Orange International Inc. | Growth Capital Loan (10.75% interest rate, 5.25% EOT payment) | 12/30/2021 | 3,333 | 3,224 | 3,224 | 6/30/2025 | ||||||||||||||||||||||||||||||||
4,000 | 3,881 | 3,881 | ||||||||||||||||||||||||||||||||||||
Swift Navigation, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 9.25% floor, 4.25% EOT payment) | 8/7/2020 | 380 | 387 | 387 | 8/31/2023 | ||||||||||||||||||||||||||||||||
Swift Navigation, Inc. | Growth Capital Loan (Prime + 5.00% interest rate, 9.25% floor, 4.25% EOT payment) | 7/27/2021 | 2,000 | 1,964 | 1,964 | 7/31/2024 | ||||||||||||||||||||||||||||||||
2,380 | 2,351 | 2,351 | ||||||||||||||||||||||||||||||||||||
Total Computer Hardware - 2.84%* | 6,380 | 6,232 | 6,232 | |||||||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||||||||
Activehours, Inc. | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 10/8/2020 | 4,000 | 4,018 | 4,018 | 10/31/2023 | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Growth Capital Loan (11.75% interest rate, 5.50% EOT payment) | 9/30/2021 | 6,000 | 5,895 | 5,895 | 9/30/2024 | ||||||||||||||||||||||||||||||||
10,000 | 9,913 | 9,913 | ||||||||||||||||||||||||||||||||||||
Thingy Thing Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.25% EOT payment) | 10/27/2021 | 6,000 | 5,916 | 5,916 | 4/30/2025 | ||||||||||||||||||||||||||||||||
Total Consumer Finance - 7.20%* | 16,000 | 15,829 | 15,829 | |||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
Total Consumer Non-Durables - 1.58%* | 3,500 | 3,462 | 3,462 | |||||||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
Clutter Inc. | Growth Capital Loan (9.25% interest rate, 6.00% EOT payment) | 12/23/2020 | 2,000 | 2,017 | 2,017 | 12/31/2023 | ||||||||||||||||||||||||||||||||
Clutter Inc. | Growth Capital Loan (9.00% interest rate, 7.00% EOT payment) | 3/26/2021 | 3,640 | 3,661 | 3,661 | 3/31/2024 | ||||||||||||||||||||||||||||||||
5,640 | 5,678 | 5,678 | ||||||||||||||||||||||||||||||||||||
Ever/Body, Inc. | Growth Capital Loan (Prime + 3.75% interest rate, 7.00% floor, 2.00% EOT payment) | 9/7/2021 | 750 | 741 | 741 | 9/30/2024 | ||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Growth Capital Loan (Prime + 6.00% interest rate, 9.25% floor, 7.75% EOT payment) | 8/12/2021 | 4,000 | 3,928 | 3,928 | 8/31/2025 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment) | 2/9/2021 | 1,650 | 1,667 | 1,667 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 10.00% EOT payment) | 2/9/2021 | 3,300 | 3,276 | 3,276 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment) | 8/10/2021 | 5,025 | 4,997 | 4,997 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Hydrow, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 10.00% EOT payment) | 8/31/2021 | 5,025 | 4,990 | 4,990 | 12/31/2024 | ||||||||||||||||||||||||||||||||
15,000 | 14,930 | 14,930 | ||||||||||||||||||||||||||||||||||||
Immersive Group Gaming LTD(1)(3) | Growth Capital Loan (10.00% interest rate, 5.25% EOT payment) | 12/10/2021 | 3,000 | 2,864 | 2,864 | 12/31/2024 | ||||||||||||||||||||||||||||||||
JOKR(1)(3) | Revolver (Prime + 4.75% interest rate, 8.00% floor, 10.20% EOT payment)(2) | 10/14/2021 | 1,260 | 1,191 | 1,191 | 10/13/2022 | ||||||||||||||||||||||||||||||||
JOKR(1)(3) | Growth Capital Loan (Prime + 7.75% interest rate, 7.75% floor, 6.00% EOT payment) | 11/3/2021 | 5,000 | 4,634 | 4,634 | 11/30/2025 | ||||||||||||||||||||||||||||||||
6,260 | 5,825 | 5,825 | ||||||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 7/7/2021 | 3,000 | 2,960 | 2,960 | 7/31/2024 | ||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 8/27/2021 | 1,500 | 1,473 | 1,473 | 8/31/2024 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Petra Living, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 6.50% EOT payment) | 10/21/2021 | 1,500 | 1,471 | 1,471 | 10/31/2024 | ||||||||||||||||||||||||||||||||
6,000 | 5,904 | 5,904 | ||||||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment) | 2/1/2021 | 3,461 | 3,423 | 3,204 | 1/31/2025 | ||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Growth Capital Loan (9.00% interest rate, 3.50% EOT payment) | 5/27/2021 | 1,748 | 1,717 | 1,593 | 5/31/2025 | ||||||||||||||||||||||||||||||||
5,209 | 5,140 | 4,797 | ||||||||||||||||||||||||||||||||||||
Total Consumer Products and Services - 24.77%* | 55,859 | 54,779 | 54,779 | |||||||||||||||||||||||||||||||||||
Cultivation | ||||||||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (11.25% interest rate, 8.00% EOT payment) | 5/27/2020 | 76 | 206 | 213 | 1/31/2022 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (11.25% interest rate, 8.00% EOT payment) | 5/27/2020 | 51 | 93 | 96 | 2/28/2022 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (11.25% interest rate, 8.00% EOT payment) | 5/27/2020 | 378 | 587 | 606 | 3/31/2022 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 7/21/2021 | 1,776 | 1,677 | 1,606 | 7/31/2024 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 10/13/2021 | 1,450 | 1,348 | 1,348 | 10/31/2024 | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Growth Capital Loan (9.00% interest rate, 6.00% EOT payment) | 11/19/2021 | 1,413 | 1,403 | 1,403 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Total Cultivation - 2.40%* | 5,144 | 5,314 | 5,272 | |||||||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||||||||
SiSense, Inc. | Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 9.25% EOT payment) | 12/28/2021 | 6,500 | 6,343 | 6,343 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Total Database Software - 2.89%* | 6,500 | 6,343 | 6,343 | |||||||||||||||||||||||||||||||||||
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 | 15,000 | 14,738 | 14,738 | 3/31/2025 | ||||||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 9/30/2020 | 7,500 | 7,514 | 7,514 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Minted, Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 5.95% EOT payment) | 12/30/2021 | 2,500 | 2,392 | 2,392 | 6/30/2025 | ||||||||||||||||||||||||||||||||
10,000 | 9,906 | 9,906 | ||||||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/4/2020 | 4,500 | 4,455 | 4,455 | 12/31/2023 | ||||||||||||||||||||||||||||||||
TFG Holding, Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/21/2021 | 3,000 | 2,866 | 2,866 | 12/31/2024 | ||||||||||||||||||||||||||||||||
7,500 | 7,321 | 7,321 | ||||||||||||||||||||||||||||||||||||
Trendly, Inc. | Growth Capital Loan (Prime + 7.75% interest rate, 11.00% floor, 8.50% EOT payment) | 5/27/2021 | 6,500 | 6,434 | 6,434 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 17.47%* | 39,000 | 38,399 | 38,399 | |||||||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 5/17/2021 | 1,563 | 1,540 | 1,555 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 6/30/2021 | 732 | 718 | 725 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Merama Inc. | Growth Capital Loan (10.00% interest rate, 7.50% EOT payment) | 8/4/2021 | 1,561 | 1,528 | 1,543 | 8/31/2024 | ||||||||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 1.74%* | 3,856 | 3,786 | 3,823 | |||||||||||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Growth Capital Loan (8.75% interest rate, 3.25% EOT payment) | 12/16/2021 | 5,000 | 4,941 | 4,941 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Energy - 2.25%* | 5,000 | 4,941 | 4,941 | |||||||||||||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Revolver (8.00% interest rate, 3.00% EOT payment)(2) | 5/24/2021 | 1,291 | 1,295 | 1,248 | 5/5/2022 | ||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Growth Capital Loan (10.00% interest rate, 7.00% EOT payment)(2) | 7/22/2021 | 305 | 298 | 294 | 7/31/2025 | ||||||||||||||||||||||||||||||||
1,596 | 1,593 | 1,542 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (Prime + 4.25% interest rate, 9.75% floor, 10.00% EOT payment)(2) | 5/27/2020 | 1,302 | 1,431 | 1,423 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (10.00% interest rate, 10.00% EOT payment)(2) | 11/12/2020 | 522 | 522 | 519 | 5/31/2024 | ||||||||||||||||||||||||||||||||
Feast Kitchen ApS(1)(3) | Growth Capital Loan (10.00% interest rate, 10.00% EOT payment)(2) | 5/11/2021 | 812 | 782 | 776 | 11/30/2024 | ||||||||||||||||||||||||||||||||
2,636 | 2,735 | 2,718 | ||||||||||||||||||||||||||||||||||||
Total Food Products - 1.94%* | 4,232 | 4,328 | 4,260 | |||||||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||||||||
Levels Health Inc. | Growth Capital Loan (Prime + 3.00% interest rate, 6.25% floor, 2.00% EOT payment) | 10/13/2021 | 727 | 719 | 719 | 10/31/2024 | ||||||||||||||||||||||||||||||||
Total Healthcare Services - 0.33%* | 727 | 719 | 719 | |||||||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||||||||
Capsule Corporation | Growth Capital Loan (Prime + 7.75% interest rate, 13.00% floor, 13.00% EOT payment) | 12/30/2020 | 5,000 | 5,077 | 5,077 | 12/31/2024 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||
10,000 | 9,948 | 9,948 | ||||||||||||||||||||||||||||||||||||
Total Healthcare Technology Systems - 6.84%* | 15,000 | 15,025 | 15,025 | |||||||||||||||||||||||||||||||||||
Home Furnishings | ||||||||||||||||||||||||||||||||||||||
Feather Home Inc. | Growth Capital Loan (Prime + 4.00% interest rate, 9.50% floor, 7.00% EOT payment) | 5/27/2020 | 442 | 606 | 606 | 3/31/2022 | ||||||||||||||||||||||||||||||||
Feather Home Inc. | Growth Capital Loan (Prime + 5.75% interest rate, 9.00% floor, 7.00% EOT payment) | 10/15/2021 | 2,000 | 1,980 | 1,980 | 10/31/2024 | ||||||||||||||||||||||||||||||||
Total Home Furnishings - 1.18%* | 2,442 | 2,586 | 2,586 | |||||||||||||||||||||||||||||||||||
Human Capital Services | ||||||||||||||||||||||||||||||||||||||
Karat Financial Technologies Incorporated | Revolver (Prime + 5.25% interest rate, 8.50% floor, 2.85% EOT payment)(2) | 10/7/2021 | 3,010 | 2,968 | 2,968 | 6/30/2023 | ||||||||||||||||||||||||||||||||
Total Human Capital Services - 1.35%* | 3,010 | 2,968 | 2,968 | |||||||||||||||||||||||||||||||||||
Infrastructure | ||||||||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 5/27/2020 | 5,000 | 5,177 | 5,291 | 10/31/2023 | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Growth Capital Loan (11.00% interest rate, 8.50% EOT payment) | 5/27/2020 | 2,500 | 2,589 | 2,645 | 10/31/2023 | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Convertible Note (5.00% interest rate)(2) | 8/11/2020 | 75 | 75 | 75 | 2/11/2023 | ||||||||||||||||||||||||||||||||
Total Infrastructure - 3.65%* | 7,575 | 7,841 | 8,011 | |||||||||||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||||||||
Sidecar Health, Inc. | Growth Capital Loan (Prime + 7.25% interest rate, 10.50% floor, 8.00% EOT payment) | 8/26/2021 | 8,000 | 7,947 | 7,947 | 2/28/2025 | ||||||||||||||||||||||||||||||||
Total Life and Health Insurance - 3.62%* | 8,000 | 7,947 | 7,947 | |||||||||||||||||||||||||||||||||||
Medical Software and Information Services | ||||||||||||||||||||||||||||||||||||||
HI LLC (Kernel) | Growth Capital Loan (10.75% interest rate, 4.25% EOT payment) | 7/1/2021 | 2,500 | 2,455 | 2,455 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Medical Software and Information Services - 1.12%* | 2,500 | 2,455 | 2,455 | |||||||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Growth Capital Loan (9.25% interest rate, 5.00% EOT payment) | 8/12/2021 | 2,500 | 2,426 | 2,426 | 2/29/2024 | ||||||||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Growth Capital Loan (9.25% interest rate, 5.00% EOT payment) | 9/30/2021 | 1,500 | 1,397 | 1,397 | 3/31/2024 | ||||||||||||||||||||||||||||||||
Total Multimedia and Design Software - 1.74%* | 4,000 | 3,823 | 3,823 | |||||||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||||||||
N26 GmbH(1)(3) | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 4.00% EOT payment) | 9/14/2021 | 14,815 | 14,739 | 14,151 | 9/30/2022 | ||||||||||||||||||||||||||||||||
Total Other Financial Services - 6.44%* | 14,815 | 14,739 | 14,151 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||||||||
Common Living Inc. | Growth Capital Loan (Prime + 4.75% interest rate, 10.25% floor, 7.25% EOT payment) | 5/27/2020 | 4,482 | 4,677 | 4,677 | 4/30/2023 | ||||||||||||||||||||||||||||||||
Common Living Inc. | Growth Capital Loan (Prime + 7.00% interest rate, 10.25% floor, 7.25% EOT payment) | 4/30/2021 | 2,500 | 2,529 | 2,529 | 4/30/2024 | ||||||||||||||||||||||||||||||||
6,982 | 7,206 | 7,206 | ||||||||||||||||||||||||||||||||||||
Demain ES(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment) | 12/28/2021 | 2,268 | 2,187 | 2,188 | 11/30/2024 | ||||||||||||||||||||||||||||||||
Demain ES(1)(3) | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 6.00% EOT payment) | 12/28/2021 | 2,268 | 2,188 | 2,188 | 11/30/2024 | ||||||||||||||||||||||||||||||||
4,536 | 4,375 | 4,376 | ||||||||||||||||||||||||||||||||||||
Homeward, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 9.75% EOT payment) | 12/30/2021 | 4,000 | 3,887 | 3,887 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Mynd Management, Inc. | Growth Capital Loan (9.75% interest rate, 6.00% EOT payment) | 5/27/2020 | 1,815 | 1,901 | 1,901 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Mynd Management, Inc. | Growth Capital Loan (9.75% interest rate, 6.00% EOT payment) | 5/27/2020 | 1,815 | 1,901 | 1,901 | 5/31/2023 | ||||||||||||||||||||||||||||||||
Mynd Management, Inc. | Growth Capital Loan (9.75% interest rate, 6.00% EOT payment) | 5/27/2020 | 1,916 | 1,997 | 1,997 | 6/30/2023 | ||||||||||||||||||||||||||||||||
5,546 | 5,799 | 5,799 | ||||||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Growth Capital Loan (Prime + 5.25% interest rate, 8.50% floor, 7.00% EOT payment) | 6/25/2021 | 3,000 | 2,847 | 2,847 | 6/30/2024 | ||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Growth Capital Loan (Prime + 6.75% interest rate, 10.00% floor, 7.75% EOT payment) | 12/30/2021 | 2,000 | 1,919 | 1,919 | 12/31/2025 | ||||||||||||||||||||||||||||||||
5,000 | 4,766 | 4,766 | ||||||||||||||||||||||||||||||||||||
Side, Inc. | Growth Capital Loan (Prime + 8.25% interest rate, 11.50% floor, 6.50% EOT payment) | 9/4/2020 | 2,000 | 2,019 | 2,030 | 3/31/2023 | ||||||||||||||||||||||||||||||||
Side, Inc. | Growth Capital Loan (Prime + 8.25% interest rate, 11.50% floor, 6.50% EOT payment) | 10/29/2020 | 500 | 503 | 505 | 4/30/2023 | ||||||||||||||||||||||||||||||||
2,500 | 2,522 | 2,535 | ||||||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 250 | 244 | 244 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/3/2021 | 800 | 779 | 779 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/3/2021 | 220 | 214 | 214 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/13/2021 | 105 | 102 | 102 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/13/2021 | 440 | 428 | 428 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 7.00% EOT payment) | 12/15/2021 | 208 | 203 | 203 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 8.00% EOT payment) | 12/15/2021 | 150 | 146 | 146 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | Growth Capital Loan (11.00% interest rate, 6.00% EOT payment) | 12/15/2021 | 1,372 | 1,336 | 1,336 | 12/31/2024 | ||||||||||||||||||||||||||||||||
True Footage, Inc. | 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 | ||||||||||||||||||||||||||||||||||||
YDC Inc. | Growth Capital Loan (Prime + 8.75% interest rate, 12.00% floor, 7.50% EOT payment) | 12/10/2021 | 2,400 | 2,313 | 2,313 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Real Estate Services - 15.96%* | 35,269 | 35,060 | 35,074 | |||||||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 3.25% interest rate, 6.50% floor, 1.00% EOT payment) | 11/30/2021 | 1,886 | 1,869 | 1,869 | 5/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,114 | 1,104 | 1,104 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,500 | 1,479 | 1,479 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,800 | 1,775 | 1,775 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/21/2021 | 1,800 | 1,777 | 1,777 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Sylva, Inc. | Growth Capital Loan (Prime + 5.50% interest rate, 8.75% floor, 3.50% EOT payment) | 12/27/2021 | 900 | 888 | 888 | 12/31/2024 | ||||||||||||||||||||||||||||||||
Total Social/Platform Software - 4.05%* | 9,000 | 8,892 | 8,892 | |||||||||||||||||||||||||||||||||||
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||||||||
Company | Type of Investment | Acquisition Date(9) | Outstanding Principal | Cost(6) | Fair Value | Maturity Date | ||||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||||||||
Forte Labs, Inc. | Growth Capital Loan (Prime + 4.75% interest rate, 8.00% floor, 4.00% EOT payment) | 12/31/2020 | 2,500 | 2,535 | 2,541 | 6/30/2022 | ||||||||||||||||||||||||||||||||
Total Software Development Applications - 1.16%* | 2,500 | 2,535 | 2,541 | |||||||||||||||||||||||||||||||||||
Sports Betting | ||||||||||||||||||||||||||||||||||||||
Certamen Ventures Inc. | Growth Capital Loan (Prime + 4.50% interest rate, 7.75% floor, 3.00% EOT payment) | 11/30/2021 | 6,945 | 6,851 | 6,851 | 5/31/2024 | ||||||||||||||||||||||||||||||||
Total Sports Betting - 3.12%* | 6,945 | 6,851 | 6,851 | |||||||||||||||||||||||||||||||||||
Total Debt Investments - 145.38%* | $ | 323,786 | $ | 320,292 | $ | 319,493 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Warrant Investments(7)(8) | ||||||||||||||||||||||||||||||||
Aerospace and Defense | ||||||||||||||||||||||||||||||||
Astranis Space Technologies Corp. | Preferred Stock | 5/27/2020 | 70,959 | $ | 95 | $ | 765 | |||||||||||||||||||||||||
Dedrone Holdings, Inc. | Preferred Stock | 3/2/2021 | 71,018 | 92 | 92 | |||||||||||||||||||||||||||
Total Aerospace and Defense - 0.39%* | 187 | 857 | ||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
Blueboard Inc. | Common Stock(2) | 3/11/2021 | 69,768 | 14 | 14 | |||||||||||||||||||||||||||
Dialpad, Inc. | Preferred Stock(2) | 8/3/2020 | 14,490 | 51 | 59 | |||||||||||||||||||||||||||
Filevine, Inc. | Preferred Stock(2) | 4/20/2021 | 10,472 | 15 | 92 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock | 6/15/2021 | 93,767 | 360 | 360 | |||||||||||||||||||||||||||
FlashParking, Inc. | Preferred Stock | 9/30/2021 | 23,442 | 90 | 90 | |||||||||||||||||||||||||||
450 | 450 | |||||||||||||||||||||||||||||||
Morty, Inc. | Preferred Stock(2) | 10/1/2021 | 44,490 | 65 | 65 | |||||||||||||||||||||||||||
Narvar, Inc. | Preferred Stock(2) | 8/28/2020 | 21,790 | 102 | 102 | |||||||||||||||||||||||||||
Tide Holdings Limited(1)(3) | Preferred Stock | 11/13/2020 | 52,609 | 45 | 82 | |||||||||||||||||||||||||||
Uniphore Technologies, Inc. | Common Stock | 12/22/2021 | 10,000 | 10 | 10 | |||||||||||||||||||||||||||
Total Business Applications Software - 0.40%* | 752 | 874 | ||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||
Cardless Inc. | Common Stock | 11/18/2021 | 12,903 | 28 | 28 | |||||||||||||||||||||||||||
Cart.com, Inc. | Common Stock(2) | 12/30/2021 | 8,183 | 119 | 119 | |||||||||||||||||||||||||||
Elsker Inc. | Preferred Stock(2) | 9/1/2021 | 17,746 | 9 | 9 | |||||||||||||||||||||||||||
Path Robotics, Inc. | Common Stock(2) | 12/17/2021 | 40,579 | 130 | 130 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 141,409 | 315 | 315 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 31,698 | 35 | 35 | |||||||||||||||||||||||||||
Phantom Auto Inc. | Preferred Stock | 7/12/2021 | 22,188 | 24 | 24 | |||||||||||||||||||||||||||
374 | 374 | |||||||||||||||||||||||||||||||
RedFish Labs, Inc. | Preferred Stock(2) | 11/23/2021 | 24,483 | 56 | 56 | |||||||||||||||||||||||||||
RenoRun, Inc.(1) | Preferred Stock | 12/30/2021 | 4,242 | 93 | 93 | |||||||||||||||||||||||||||
Total Business Products and Services - 0.37%* | 809 | 809 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
Material Technologies Corporation | Preferred Stock(2) | 8/24/2020 | 23,576 | 156 | 156 | |||||||||||||||||||||||||||
Total Business to Business Marketplace - 0.07%* | 156 | 156 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock | 7/6/2021 | 2,960 | 146 | 204 | |||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock | 12/23/2021 | 2,714 | 188 | 188 | |||||||||||||||||||||||||||
334 | 392 | |||||||||||||||||||||||||||||||
Idelic, Inc. | Preferred Stock(2) | 12/10/2021 | 30,551 | 46 | 46 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.20%* | 380 | 438 | ||||||||||||||||||||||||||||||
Commercial Services | ||||||||||||||||||||||||||||||||
Dumpling, Inc. | Preferred Stock(2) | 9/30/2020 | 17,003 | 6 | 6 | |||||||||||||||||||||||||||
Total Commercial Services - 0.00%* | 6 | 6 | ||||||||||||||||||||||||||||||
Communication Software | ||||||||||||||||||||||||||||||||
Hiya, Inc. | Preferred Stock | 5/27/2020 | 115,073 | 54 | 54 | |||||||||||||||||||||||||||
Total Communication Software - 0.02%* | 54 | 54 | ||||||||||||||||||||||||||||||
Computer Hardware | ||||||||||||||||||||||||||||||||
Canvas Construction Inc. | Preferred Stock(2) | 11/30/2021 | 21,686 | 18 | 18 | |||||||||||||||||||||||||||
Swift Navigation, Inc. | Preferred Stock | 7/30/2020 | 62,874 | 77 | 77 | |||||||||||||||||||||||||||
Grey Orange International Inc. | Preferred Stock | 3/16/2021 | 13,940 | 92 | 92 | |||||||||||||||||||||||||||
Total Computer Hardware - 0.09%* | 187 | 187 | ||||||||||||||||||||||||||||||
Consumer Finance |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock | 10/8/2020 | 49,296 | 129 | 181 | |||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock | 9/30/2021 | 6,162 | 16 | 23 | |||||||||||||||||||||||||||
145 | 204 | |||||||||||||||||||||||||||||||
Cherry Technologies Inc. | Preferred Stock(2) | 11/23/2021 | 31,212 | 78 | 78 | |||||||||||||||||||||||||||
Embed Financial Technologies Inc. | Preferred Stock(2) | 9/21/2021 | — | 10 | 10 | |||||||||||||||||||||||||||
Thingy Thing Inc. | Preferred Stock | 10/21/2021 | 17,564 | 50 | 50 | |||||||||||||||||||||||||||
Upgrade, Inc. | Preferred Stock | 5/27/2020 | 136,869 | 44 | 772 | |||||||||||||||||||||||||||
Vestwell Holdings Inc. | Preferred Stock(2) | 9/3/2021 | 36,715 | 54 | 54 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.53%* | 381 | 1,168 | ||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
Total Consumer Non-Durables - 0.02%* | 35 | 35 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
The Black Tux, Inc. | Preferred Stock | 11/5/2021 | 142,939 | 139 | 139 | |||||||||||||||||||||||||||
Clutter Inc. | Preferred Stock | 9/30/2020 | 19,649 | 113 | 113 | |||||||||||||||||||||||||||
Elodie Games, Inc. | Preferred Stock(2) | 9/16/2021 | 22,874 | 48 | 48 | |||||||||||||||||||||||||||
Ever/Body, Inc. | Preferred Stock | 9/7/2021 | 188,283 | 92 | 75 | |||||||||||||||||||||||||||
Good Eggs, Inc. | Preferred Stock | 8/12/2021 | 330,124 | 81 | 106 | |||||||||||||||||||||||||||
Hydrow, Inc. | Common Stock | 2/9/2021 | 50,863 | 70 | 164 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock | 8/6/2021 | 22,299 | 35 | 42 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock | 8/6/2021 | 13,936 | 25 | 31 | |||||||||||||||||||||||||||
130 | 237 | |||||||||||||||||||||||||||||||
Immersive Group Gaming LTD(1) | Preferred Stock | 7/12/2021 | 309,547 | 83 | 145 | |||||||||||||||||||||||||||
JOKR(1)(3) | Preferred Stock | 10/14/2021 | 20,944 | 536 | 536 | |||||||||||||||||||||||||||
Nate, Inc. | Preferred Stock(2) | 12/31/2021 | 26,506 | 115 | 115 | |||||||||||||||||||||||||||
Tempo Interactive Inc. | Preferred Stock(2) | 3/31/2021 | 4,413 | 25 | 25 | |||||||||||||||||||||||||||
Tripscout, Inc. | Preferred Stock(2) | 8/12/2021 | 37,532 | 7 | 7 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock | 2/1/2021 | 281,875 | 58 | 169 | |||||||||||||||||||||||||||
Well Dot, Inc. | Preferred Stock(2) | 12/18/2020 | 9,510 | 41 | 50 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.80%* | 1,468 | 1,765 | ||||||||||||||||||||||||||||||
Cultivation | ||||||||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock | 5/27/2020 | 1,278 | 1,229 | 3,489 | |||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock | 7/16/2021 | 62 | 133 | 128 | |||||||||||||||||||||||||||
InFarm - Indoor Urban Farming GMBH(1)(3) | Preferred Stock | 10/12/2021 | 52 | 107 | 107 | |||||||||||||||||||||||||||
Total Cultivation - 1.69%* | 1,469 | 3,724 | ||||||||||||||||||||||||||||||
Database Software | ||||||||||||||||||||||||||||||||
Cohesity, Inc. | Preferred Stock(2) | 5/27/2020 | 3,789 | 21 | 21 | |||||||||||||||||||||||||||
SiSense, Inc. | Success Fee | 12/28/2021 | — | 95 | 95 | |||||||||||||||||||||||||||
Total Database Software - 0.05%* | 116 | 116 | ||||||||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | ||||||||||||||||||||||||||||||||
FabFitFun, Inc. | Preferred Stock | 9/23/2021 | 81,572 | 217 | 217 | |||||||||||||||||||||||||||
Minted, Inc. | Preferred Stock | 9/30/2020 | 29,702 | 300 | 300 | |||||||||||||||||||||||||||
TFG Holding, Inc. | Common Stock | 11/30/2020 | 70,203 | 249 | 257 | |||||||||||||||||||||||||||
Trendly, Inc. | Preferred Stock | 5/27/2021 | 166,036 | 100 | 100 | |||||||||||||||||||||||||||
Total E-Commerce - Clothing and Accessories - 0.40%* | 866 | 874 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Merama Inc. | Preferred Stock | 4/28/2021 | 71,728 | 589 | 589 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.27%* | 589 | 589 | ||||||||||||||||||||||||||||||
Elder and Disabled Care | ||||||||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 5/27/2020 | 130,618 | 50 | 192 | |||||||||||||||||||||||||||
Total Elder and Disabled Care - 0.09%* | 50 | 192 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock | 12/10/2021 | 15,405 | 38 | 38 | |||||||||||||||||||||||||||
Kobold Metals Company | Preferred Stock(2) | 7/16/2021 | 37,287 | 37 | 37 | |||||||||||||||||||||||||||
Total Energy - 0.03%* | 75 | 75 | ||||||||||||||||||||||||||||||
Food Products | ||||||||||||||||||||||||||||||||
AllPlants Ltd(1)(3) | Ordinary Shares(2) | 5/6/2021 | 6,854 | 77 | 60 | |||||||||||||||||||||||||||
Feast Kitchen Inc.(1)(3) | Preferred Stock(2) | 5/27/2020 | 29,145 | 126 | 34 | |||||||||||||||||||||||||||
Feast Kitchen Inc.(1)(3) | Preferred Stock(2) | 9/14/2020 | 36,893 | 59 | 53 | |||||||||||||||||||||||||||
185 | 87 | |||||||||||||||||||||||||||||||
Total Food Products - 0.07%* | 262 | 147 | ||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||
Levels Health Inc. | Preferred Stock | 9/3/2021 | 47,162 | 37 | 37 | |||||||||||||||||||||||||||
The Pill Club Holding, Inc. | Common Stock(2) | 12/31/2021 | 60,977 | 24 | 24 | |||||||||||||||||||||||||||
Total Healthcare Services - 0.03%* | 61 | 61 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 12/31/2020 | 45,089 | 109 | 109 | |||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 10/19/2021 | 9,337 | 12 | 12 | |||||||||||||||||||||||||||
121 | 121 | |||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock | 5/27/2020 | 45,008 | 119 | 261 | |||||||||||||||||||||||||||
Curology, Inc. | Preferred Stock(2) | 5/27/2020 | 12,007 | 19 | 14 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock | 11/20/2020 | 1,083,470 | 195 | 542 | |||||||||||||||||||||||||||
Noho Dental, Inc. | Preferred Stock(2) | 11/3/2020 | 56,109 | 228 | 228 | |||||||||||||||||||||||||||
SafelyYou Inc. | Preferred Stock | 1/21/2021 | 69,346 | 21 | 187 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.62%* | 703 | 1,353 | ||||||||||||||||||||||||||||||
Home Furnishings | ||||||||||||||||||||||||||||||||
Feather Home Inc. | Preferred Stock | 5/27/2020 | 33,910 | 138 | 146 | |||||||||||||||||||||||||||
Feather Home Inc. | Preferred Stock | 10/8/2021 | 8,812 | 24 | 24 | |||||||||||||||||||||||||||
162 | 170 | |||||||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 6/9/2021 | 76,783 | 48 | 75 | |||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 8/24/2021 | 38,391 | 24 | 38 | |||||||||||||||||||||||||||
Petra Living, Inc. | Preferred Stock | 10/19/2021 | 38,391 | 17 | 17 | |||||||||||||||||||||||||||
89 | 130 | |||||||||||||||||||||||||||||||
Total Home Furnishings - 0.14%* | 251 | 300 | ||||||||||||||||||||||||||||||
Household Products | ||||||||||||||||||||||||||||||||
Grove Collaborative, Inc. | Preferred Stock | 5/27/2020 | 33,038 | 72 | 105 | |||||||||||||||||||||||||||
Total Household Products - 0.05%* | 72 | 105 | ||||||||||||||||||||||||||||||
Human Capital Services | ||||||||||||||||||||||||||||||||
Eightfold AI Inc. | Preferred Stock(2) | 5/27/2020 | 69,577 | 186 | 336 | |||||||||||||||||||||||||||
Karat Financial Technologies Incorporated | Preferred Stock(2) | 6/18/2021 | 109,704 | 64 | 64 | |||||||||||||||||||||||||||
WorkStep Inc. | Preferred Stock(2) | 5/6/2021 | 17,244 | 12 | 12 | |||||||||||||||||||||||||||
Total Human Capital Services - 0.19%* | 262 | 412 | ||||||||||||||||||||||||||||||
Information Services (B2C) | ||||||||||||||||||||||||||||||||
Cleo AI Ltd(1)(3) | Preferred Stock(2) | 5/27/2020 | 41,041 | 82 | 88 | |||||||||||||||||||||||||||
Kasa Living, Inc. | Preferred Stock(2) | 4/12/2021 | 10,333 | 29 | 29 | |||||||||||||||||||||||||||
Total Information Services (B2C) - 0.05%* | 111 | 117 | ||||||||||||||||||||||||||||||
Infrastructure | ||||||||||||||||||||||||||||||||
GoEuro Corp.(1)(3) | Preferred Stock | 5/27/2020 | 2,775 | 90 | 55 | |||||||||||||||||||||||||||
Total Infrastructure - 0.03%* | 90 | 55 | ||||||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||
Beam Technologies Inc. | Preferred Stock | 5/27/2020 | 5,344 | 57 | 81 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Company | Type of Warrant | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Sidecar Health, Inc. | Preferred Stock | 8/26/2021 | 32,620 | 34 | 81 | |||||||||||||||||||||||||||
Total Life and Health Insurance - 0.07%* | 91 | 162 | ||||||||||||||||||||||||||||||
Logistics | ||||||||||||||||||||||||||||||||
Passport Labs, Inc. | Common Stock(2) | 5/27/2020 | 2,102 | 51 | 51 | |||||||||||||||||||||||||||
Total Logistics - 0.02%* | 51 | 51 | ||||||||||||||||||||||||||||||
Medical Software and Information Services | ||||||||||||||||||||||||||||||||
HI LLC (Kernel) | Preferred Stock | 12/21/2020 | 49,425 | 48 | 48 | |||||||||||||||||||||||||||
Total Medical Software and Information Services - 0.02%* | 48 | 48 | ||||||||||||||||||||||||||||||
Multimedia and Design Software | ||||||||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Preferred Stock | 5/12/2021 | 21,084 | 80 | 80 | |||||||||||||||||||||||||||
Spire Animation Studios, Inc. | Preferred Stock | 9/30/2021 | 27,559 | 105 | 105 | |||||||||||||||||||||||||||
185 | 185 | |||||||||||||||||||||||||||||||
Strata Identity, Inc. | Preferred Stock(2) | 11/3/2021 | 6,941 | 7 | 7 | |||||||||||||||||||||||||||
Total Multimedia and Design Software - 0.09%* | 192 | 192 | ||||||||||||||||||||||||||||||
Network Management Software | ||||||||||||||||||||||||||||||||
Callsign, Inc.(1)(3) | Preferred Stock(2) | 5/27/2020 | 21,604 | 180 | 180 | |||||||||||||||||||||||||||
Total Network Management Software - 0.08%* | 180 | 180 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock | 10/15/2021 | 6 | 173 | 169 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.08%* | 173 | 169 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Common Living Inc. | Preferred Stock | 5/27/2020 | 729,380 | 185 | 204 | |||||||||||||||||||||||||||
Common Living Inc. | Preferred Stock | 4/30/2021 | 107,718 | 28 | 28 | |||||||||||||||||||||||||||
213 | 232 | |||||||||||||||||||||||||||||||
Demain ES(1)(3) | Preferred Stock | 12/30/2021 | 2,127 | 105 | 105 | |||||||||||||||||||||||||||
Divvy Homes Inc. | Preferred Stock(2) | 10/27/2020 | 128,289 | 470 | 1,124 | |||||||||||||||||||||||||||
Homeward, Inc. | Preferred Stock | 12/10/2021 | 38,302 | 148 | 148 | |||||||||||||||||||||||||||
Mynd Management, Inc. | Preferred Stock | 5/27/2020 | 43,472 | 83 | 198 | |||||||||||||||||||||||||||
Ribbon Home, Inc. | Common Stock | 3/5/2021 | 24,280 | 226 | 226 | |||||||||||||||||||||||||||
Ribbon Home, Inc. | Common Stock | 12/30/2021 | 7,670 | 71 | 71 | |||||||||||||||||||||||||||
297 | 297 | |||||||||||||||||||||||||||||||
Side, Inc. | Preferred Stock | 7/29/2020 | 71,501 | 57 | 583 | |||||||||||||||||||||||||||
True Footage, Inc. | Preferred Stock | 11/24/2021 | 55,098 | 75 | 75 | |||||||||||||||||||||||||||
YDC, Inc. | Preferred Stock | 12/10/2021 | 12,244 | 56 | 56 | |||||||||||||||||||||||||||
Total Real Estate Services - 1.28%* | 1,504 | 2,818 | ||||||||||||||||||||||||||||||
Social/Platform Software | ||||||||||||||||||||||||||||||||
ClassPass Inc. | Preferred Stock | 5/27/2020 | 14,085 | 43 | 25 | |||||||||||||||||||||||||||
Sylva, Inc. | Preferred Stock | 7/12/2021 | 42,936 | 30 | 30 | |||||||||||||||||||||||||||
Sylva, Inc. | Preferred Stock | 12/21/2021 | 42,940 | 30 | 30 | |||||||||||||||||||||||||||
60 | 60 | |||||||||||||||||||||||||||||||
Total Social/Platform Software - 0.04%* | 103 | 85 | ||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||
Appex Group, Inc. | Preferred Stock | 11/15/2021 | 14,621 | — | — | |||||||||||||||||||||||||||
Forte Labs, Inc. | Preferred Stock | 12/30/2020 | 318,571 | 65 | 144 | |||||||||||||||||||||||||||
Total Software Development Applications - 0.07%* | 65 | 144 | ||||||||||||||||||||||||||||||
Sports Betting | ||||||||||||||||||||||||||||||||
Certamen Ventures Inc. | Preferred Stock | 10/7/2021 | 90,266 | 42 | 42 | |||||||||||||||||||||||||||
Total Sports Betting - 0.02%* | 42 | 42 | ||||||||||||||||||||||||||||||
Total Warrant Investments - 8.35%* | $ | 11,841 | $ | 18,360 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Company | Type of Equity | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Equity Investments(8) | ||||||||||||||||||||||||||||||||
Business Applications Software | ||||||||||||||||||||||||||||||||
DialPad, Inc. | Preferred Stock(2) | 9/22/2020 | 9,016 | $ | 70 | $ | 92 | |||||||||||||||||||||||||
Tide Platform Limited(1)(3) | Preferred Stock(2) | 8/19/2021 | 43,338 | 517 | 501 | |||||||||||||||||||||||||||
Total Business Applications Software - 0.27%* | 587 | 593 | ||||||||||||||||||||||||||||||
Business Products and Services | ||||||||||||||||||||||||||||||||
Printify, Inc. | Preferred Stock(2) | 8/24/2021 | 13,850 | 50 | 50 | |||||||||||||||||||||||||||
Total Business Products and Services - 0.02%* | 50 | 50 | ||||||||||||||||||||||||||||||
Business to Business Marketplace | ||||||||||||||||||||||||||||||||
Material Technologies Corporation | Preferred Stock(2) | 4/23/2021 | 22,107 | 450 | 450 | |||||||||||||||||||||||||||
Total Business to Business Marketplace - 0.20%* | 450 | 450 | ||||||||||||||||||||||||||||||
Business/Productivity Software | ||||||||||||||||||||||||||||||||
Forum Brands, LLC | Preferred Stock(2) | 7/16/2021 | 493 | 90 | 90 | |||||||||||||||||||||||||||
Total Business/Productivity Software - 0.04%* | 90 | 90 | ||||||||||||||||||||||||||||||
Consumer Finance | ||||||||||||||||||||||||||||||||
Activehours, Inc. | Preferred Stock(2) | 11/10/2020 | 9,859 | 100 | 114 | |||||||||||||||||||||||||||
Embed Financial Technologies Inc. | Preferred Stock(2) | 9/24/2021 | 12,195 | 125 | 125 | |||||||||||||||||||||||||||
Total Consumer Finance - 0.11%* | 225 | 239 | ||||||||||||||||||||||||||||||
Consumer Products and Services | ||||||||||||||||||||||||||||||||
Divvy Homes Inc. | Preferred Stock(2) | 7/28/2021 | 4,965 | 95 | 95 | |||||||||||||||||||||||||||
Divvy Homes Inc. | Common Stock(2) | 7/28/2021 | 261 | 5 | 5 | |||||||||||||||||||||||||||
100 | 100 | |||||||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 12/14/2020 | 42,642 | 166 | 274 | |||||||||||||||||||||||||||
Hydrow, Inc. | Preferred Stock(2) | 3/19/2021 | 22,881 | 165 | 187 | |||||||||||||||||||||||||||
331 | 461 | |||||||||||||||||||||||||||||||
JOKR(1)(3) | Preferred Stock(2) | 12/7/2021 | 67 | 375 | 375 | |||||||||||||||||||||||||||
Loyalty Ventures, Inc. | Common Stock(2)(10) | 11/5/2021 | 2,713 | 115 | 82 | |||||||||||||||||||||||||||
VanMoof Global Holding B.V.(1)(3) | Preferred Stock(2) | 8/9/2021 | 56,023 | 168 | 182 | |||||||||||||||||||||||||||
Well Dot, Inc. | Preferred Stock(2) | 10/16/2020 | 26,416 | 250 | 322 | |||||||||||||||||||||||||||
Total Consumer Products and Services - 0.69%* | 1,339 | 1,522 | ||||||||||||||||||||||||||||||
E-Commerce - Personal Goods | ||||||||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 5,433 | 31 | 58 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 4/19/2021 | 6,944 | 13 | 82 | |||||||||||||||||||||||||||
Merama Inc. | Preferred Stock(2) | 9/1/2021 | 3,862 | 62 | 62 | |||||||||||||||||||||||||||
Total E-Commerce - Personal Goods - 0.09%* | 106 | 202 | ||||||||||||||||||||||||||||||
Elder and Disabled Care | ||||||||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 10/16/2020 | 82,443 | 199 | 228 | |||||||||||||||||||||||||||
Honor Technology, Inc. | Preferred Stock(2) | 10/1/2021 | 20,932 | 66 | 66 | |||||||||||||||||||||||||||
Total Elder and Disabled Care - 0.13%* | 265 | 294 | ||||||||||||||||||||||||||||||
Energy | ||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Preferred Stock(2) | 9/21/2021 | 16,438 | 167 | 167 | |||||||||||||||||||||||||||
Total Energy - 0.08%* | 167 | 167 | ||||||||||||||||||||||||||||||
Healthcare Services | ||||||||||||||||||||||||||||||||
Calibrate Health, Inc. | Preferred Stock(2) | 7/30/2021 | 62,252 | 332 | 332 | |||||||||||||||||||||||||||
Medly Health Inc. | Preferred Stock(2) | 8/12/2021 | 209,979 | 249 | 266 | |||||||||||||||||||||||||||
Total Healthcare Services - 0.27%* | 581 | 598 | ||||||||||||||||||||||||||||||
Healthcare Technology Systems | ||||||||||||||||||||||||||||||||
Capsule Corporation | Preferred Stock(2) | 4/21/2021 | 863 | 12 | 12 | |||||||||||||||||||||||||||
Total Healthcare Technology Systems - 0.01%* | 12 | 12 |
TRIPLEPOINT PRIVATE VENTURE CREDIT INC. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (dollars in thousands) As of December 31, 2021 | ||||||||||||||||||||||||||||||||
Company | Type of Equity | Acquisition Date(9) | Shares | Cost(6) | Fair Value | |||||||||||||||||||||||||||
Life and Health Insurance | ||||||||||||||||||||||||||||||||
Beam Technologies Inc. | Preferred Stock(2) | 1/5/2021 | 1,901 | 80 | 80 | |||||||||||||||||||||||||||
Total Life and Health Insurance - 0.04%* | 80 | 80 | ||||||||||||||||||||||||||||||
Other Financial Services | ||||||||||||||||||||||||||||||||
N26 GmbH(1)(3) | Preferred Stock(2) | 12/8/2021 | 12 | 690 | 984 | |||||||||||||||||||||||||||
Total Other Financial Services - 0.45%* | 690 | 984 | ||||||||||||||||||||||||||||||
Real Estate Services | ||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Preferred Stock(2) | 6/29/2021 | 31,149 | 500 | 500 | |||||||||||||||||||||||||||
True Footage, Inc. | Preferred Stock(2) | 10/18/2021 | 18,366 | 100 | 100 | |||||||||||||||||||||||||||
Total Real Estate Services - 0.27%* | 600 | 600 | ||||||||||||||||||||||||||||||
Software Development Applications | ||||||||||||||||||||||||||||||||
Forte Labs, Inc. | Preferred Stock(2) | 5/13/2021 | 184,679 | 250 | 250 | |||||||||||||||||||||||||||
Total Software Development Applications - 0.11%* | 250 | 250 | ||||||||||||||||||||||||||||||
Total Equity Investments - 2.79%* | $ | 5,492 | $ | 6,131 | ||||||||||||||||||||||||||||
Total Investments in Portfolio Companies - 156.52%*(4) | $ | 337,625 | $ | 343,984 | ||||||||||||||||||||||||||||
Total Investments - 156.52%*(5) | $ | 337,625 | $ | 343,984 |
Base Management and Incentive Fees (in thousands) | Base Management and Incentive Fees (in thousands) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | Base Management and Incentive Fees (in thousands) | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | ||||||||||||||
Base management fee | Base management fee | $ | 1,073 | $ | 470 | Base management fee | $ | 1,232 | $ | 499 | $ | 2,305 | $ | 969 | ||||||||
Income incentive fee | Income incentive fee | $ | 1,853 | $ | — | Income incentive fee | $ | 1,948 | $ | 47 | $ | 3,801 | $ | 47 | ||||||||
Capital gains incentive fee | Capital gains incentive fee | $ | 116 | $ | — | Capital gains incentive fee | $ | (343) | $ | 249 | $ | (226) | $ | 249 |
Investment Type (in thousands) | Investment Type (in thousands) | March 31, 2022 | December 31, 2021 | Investment Type (in thousands) | June 30, 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 | $ | — | $ | — | $ | 345,778 | $ | 345,778 | $ | — | $ | — | $ | 319,493 | $ | 319,493 | Debt investments | $ | — | $ | — | $ | 371,953 | $ | 371,953 | $ | — | $ | — | $ | 319,493 | $ | 319,493 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant investments | Warrant investments | — | — | 20,718 | 20,718 | — | — | 18,360 | 18,360 | Warrant investments | — | — | 21,553 | 21,553 | — | — | 18,360 | 18,360 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity investments | Equity investments | 45 | — | 7,702 | 7,747 | 82 | — | 6,049 | 6,131 | Equity investments | 10 | — | 9,331 | 9,341 | 82 | — | 6,049 | 6,131 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investments | Total investments | $ | 45 | $ | — | $ | 374,198 | $ | 374,243 | $ | 82 | $ | — | $ | 343,902 | $ | 343,984 | Total investments | $ | 10 | $ | — | $ | 402,837 | $ | 402,847 | $ | 82 | $ | — | $ | 343,902 | $ | 343,984 |
Level 3 Investment Activity (in thousands) | Level 3 Investment Activity (in thousands) | For the Three Months Ended March 31, 2022 | Level 3 Investment Activity (in thousands) | For the Six Months Ended June 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments | Warrant Investments | Equity Investments | Total Investments | Debt Investments | Warrant Investments | Equity Investments | Total Investments | |||||||||||||||||||||||||||||||||||||||||||||
Fair value as of December 31, 2021 | Fair value as of December 31, 2021 | $ | 319,493 | $ | 18,360 | $ | 6,049 | $ | 343,902 | Fair value as of December 31, 2021 | $ | 319,493 | $ | 18,360 | $ | 6,049 | $ | 343,902 | ||||||||||||||||||||||||||||||||||
Funding and purchases of investments, at cost | Funding and purchases of investments, at cost | 52,139 | 531 | 1,713 | 54,383 | Funding and purchases of investments, at cost | 114,037 | 1,179 | 3,135 | 118,351 | ||||||||||||||||||||||||||||||||||||||||||
Principal payments and sale proceeds received from investments | Principal payments and sale proceeds received from investments | (27,710) | — | — | (27,710) | Principal payments and sale proceeds received from investments | (63,851) | — | — | (63,851) | ||||||||||||||||||||||||||||||||||||||||||
Amortization and accretion of premiums and discounts, net and end-of term payments | Amortization and accretion of premiums and discounts, net and end-of term payments | 1,615 | — | — | 1,615 | Amortization and accretion of premiums and discounts, net and end-of term payments | 3,973 | — | — | 3,973 | ||||||||||||||||||||||||||||||||||||||||||
Realized gains on investments | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Realized losses on investments | Realized losses on investments | — | (163) | — | (163) | |||||||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) included in earnings | Net change in unrealized gains (losses) included in earnings | 46 | 1,827 | (60) | 1,813 | Net change in unrealized gains (losses) included in earnings | (1,876) | 2,177 | 65 | 366 | ||||||||||||||||||||||||||||||||||||||||||
Payment-in-kind coupon | Payment-in-kind coupon | 195 | — | — | 195 | Payment-in-kind coupon | 252 | — | 7 | 259 | ||||||||||||||||||||||||||||||||||||||||||
Transfers between investments | Transfers between investments | (75) | — | 75 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Gross transfers out of Level 3(1) | Gross transfers out of Level 3(1) | — | — | — | — | Gross transfers out of Level 3(1) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Fair value as of March 31, 2022 | $ | 345,778 | $ | 20,718 | $ | 7,702 | $ | 374,198 | ||||||||||||||||||||||||||||||||||||||||||||
Fair value as of June 30, 2022 | Fair value as of June 30, 2022 | $ | 371,953 | $ | 21,553 | $ | 9,331 | $ | 402,837 | |||||||||||||||||||||||||||||||||||||||||||
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 June 30, 2022 | Net change in unrealized gains (losses) on Level 3 investments held as of June 30, 2022 | $ | (2,430) | $ | 2,177 | $ | 65 | $ | (188) |
Level 3 Investment Activity (in thousands) | Level 3 Investment Activity (in thousands) | For the Year Ended December 31, 2021 | Level 3 Investment Activity (in thousands) | For the Six Months Ended June 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
Debt Investments | Warrant Investments | Equity Investments | Total Investments | Debt Investments | Warrant Investments | Equity Investments | Total Investments | |||||||||||||||||||||||||||||||||||||||||||||
Fair value as of January 1, 2021 | Fair value as of January 1, 2021 | $ | 114,261 | $ | 4,819 | $ | 785 | $ | 119,865 | Fair value as of January 1, 2021 | $ | 114,261 | $ | 4,819 | $ | 785 | $ | 119,865 | ||||||||||||||||||||||||||||||||||
Funding and purchases of investments, at cost | Funding and purchases of investments, at cost | 263,360 | 7,631 | 4,592 | 275,583 | Funding and purchases of investments, at cost | 60,332 | 1,883 | 1,501 | 63,716 | ||||||||||||||||||||||||||||||||||||||||||
Principal payments and sale proceeds received from investments | Principal payments and sale proceeds received from investments | (60,368) | (182) | — | (60,550) | Principal payments and sale proceeds received from investments | (26,011) | — | — | (26,011) | ||||||||||||||||||||||||||||||||||||||||||
Amortization and accretion of premiums and discounts, net and end-of term payments | Amortization and accretion of premiums and discounts, net and end-of term payments | 3,311 | — | — | 3,311 | Amortization and accretion of premiums and discounts, net and end-of term payments | 1,322 | — | — | 1,322 | ||||||||||||||||||||||||||||||||||||||||||
Realized gains on investments | Realized gains on investments | — | 117 | — | 117 | Realized gains on investments | — | (12) | — | (12) | ||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) included in earnings | Net change in unrealized gains (losses) included in earnings | (1,753) | 5,975 | 672 | 4,894 | Net change in unrealized gains (losses) included in earnings | (559) | 1,493 | 84 | 1,018 | ||||||||||||||||||||||||||||||||||||||||||
Payment-in-kind coupon | Payment-in-kind coupon | 682 | — | — | 682 | Payment-in-kind coupon | 71 | — | — | 71 | ||||||||||||||||||||||||||||||||||||||||||
Gross transfers out of Level 3(1) | Gross transfers out of Level 3(1) | — | — | — | — | Gross transfers out of Level 3(1) | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Fair value as of December 31, 2021 | $ | 319,493 | $ | 18,360 | $ | 6,049 | $ | 343,902 | ||||||||||||||||||||||||||||||||||||||||||||
Fair value as of June 30, 2021 | Fair value as of June 30, 2021 | $ | 149,416 | $ | 8,183 | $ | 2,370 | $ | 159,969 | |||||||||||||||||||||||||||||||||||||||||||
Net change in unrealized gains (losses) on Level 3 investments held as of December 31, 2021 | Net change in unrealized gains (losses) on Level 3 investments held as of December 31, 2021 | $ | (1,468) | $ | 5,965 | $ | 672 | $ | 5,169 | Net change in unrealized gains (losses) on Level 3 investments held as of December 31, 2021 | $ | (319) | $ | 1,493 | $ | 84 | $ | 1,258 |
Level 3 Investments (dollars in thousands) | Level 3 Investments (dollars in thousands) | March 31, 2022 | Level 3 Investments (dollars in thousands) | June 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt investments | Debt investments | $ | 345,778 | Discounted Cash Flows | Discount Rate | 4.49% - 32.31% | 14.99% | Debt investments | $ | 371,953 | Discounted Cash Flows | Discount Rate | 5.25% - 35.73% | 15.98% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant investments | Warrant investments | 20,718 | Black Scholes Option Pricing Model | Revenue Multiples | 0.46x - 56.90x | 7.28x | Warrant investments | 21,553 | Black Scholes Option Pricing Model | Revenue Multiples | 0.46x - 56.90x | 6.25x | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Volatility | 45.00% - 80.00% | 65.83% | Volatility | 45.00% - 90.00% | 65.44% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term | 1.00 - 5.50 Years | 3.64 Years | Term | 1.00 - 5.50 Years | 2.94 Years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk Free Rate | 0.15% - 2.53% | 2.34% | Risk Free Rate | 0.15% - 3.02% | 2.32% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity investments | Equity investments | 7,702 | Black Scholes Option Pricing Model | Volatility | 50.00% - 80.00% | 62.50% | Equity investments | 9,331 | Black Scholes Option Pricing Model | Volatility | 50.00% - 75.00% | 61.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Term | 2.5 - 5.0 Years | 3.28 Years | Term | 2.50 - 4.00 Years | 3.18 Years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk Free Rate | 0.35% - 2.52% | 0.94% | Risk Free Rate | 0.35% - 3.00% | 1.64% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue Multiples | 2.75x - 5.75x | 6.55x | Revenue Multiples | 1.70x - 20.50x | 5.18x | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investments | Total investments | $ | 374,198 | Total investments | $ | 402,837 |
Level 3 Investments (dollars in thousands) | December 31, 2021 | |||||||||||||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Inputs | Range | Weighted Average | ||||||||||||||||||||||||||||
Debt investments | $ | 319,493 | Discounted Cash Flows | Discount Rate | 4.10% - 27.86% | 14.91% | ||||||||||||||||||||||||||
Warrant investments | 18,360 | Black Scholes Option Pricing Model | Revenue Multiples | 0.40x - 56.90x | 7.68x | |||||||||||||||||||||||||||
Volatility | 45.00% - 80.00% | 66.16% | ||||||||||||||||||||||||||||||
Term | 2.00 - 5.50 Years | 3.67 Years | ||||||||||||||||||||||||||||||
Risk Free Rate | 0.15% - 1.31% | 1.03% | ||||||||||||||||||||||||||||||
EBITDA Multiples | 6.14x - 25.07x | 15.15x | ||||||||||||||||||||||||||||||
Equity investments | 6,049 | Black Scholes Option Pricing Model | Volatility | 50.00% - 80.00% | 62.31% | |||||||||||||||||||||||||||
Term | 2.50 - 5.00 Years | 3.40 Years | ||||||||||||||||||||||||||||||
Risk Free Rate | 0.35% - 1.12% | 0.91% | ||||||||||||||||||||||||||||||
Revenue Multiples | 2.75x - 5.75x | 6.60x | ||||||||||||||||||||||||||||||
Total investments | $ | 343,902 |
Liability (in thousands) | Liability (in thousands) | March 31, 2022 | December 31, 2021 | Liability (in thousands) | June 30, 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 | $ | 200,000 | $ | 101,000 | $ | 99,000 | $ | 200,000 | $ | 133,500 | $ | 66,500 | Revolving Credit Facility | $ | 250,000 | $ | 54,000 | $ | 196,000 | $ | 200,000 | $ | 133,500 | $ | 66,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||
2027 Notes | 2027 Notes | 75,000 | 75,000 | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | 325,000 | 129,000 | 196,000 | 200,000 | 133,500 | 66,500 |
Interest Expense and Amortization of Fees (in thousands) | Interest Expense and Amortization of Fees (in thousands) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | Interest Expense and Amortization of Fees (in thousands) | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | ||||||||||||||||||||
Revolving Credit Facility | Revolving Credit Facility | Revolving Credit Facility | ||||||||||||||||||||||||||
Interest cost | Interest cost | $ | 1,284 | $ | 546 | Interest cost | $ | 703 | $ | 607 | $ | 1,986 | $ | 1,153 | ||||||||||||||
Unused fee | Unused fee | 153 | 1,126 | Unused fee | 302 | 1,083 | 455 | 2,209 | ||||||||||||||||||||
Amortization of costs and other fees | Amortization of costs and other fees | 185 | 137 | Amortization of costs and other fees | 194 | 133 | 380 | 270 | ||||||||||||||||||||
Revolving Credit Facility Total | Revolving Credit Facility Total | $ | 1,622 | $ | 1,809 | Revolving Credit Facility Total | $ | 1,199 | $ | 1,823 | $ | 2,821 | $ | 3,632 | ||||||||||||||
2027 Notes | 2027 Notes | |||||||||||||||||||||||||||
Interest cost | Interest cost | $ | 1,026 | $ | — | $ | 1,026 | $ | — | |||||||||||||||||||
Amortization of costs and other fees | Amortization of costs and other fees | 37 | — | 37 | — | |||||||||||||||||||||||
2027 Notes Total | 2027 Notes Total | $ | 1,063 | $ | — | $ | 1,063 | $ | — | |||||||||||||||||||
Total interest expense and amortization of fees | Total interest expense and amortization of fees | $ | 1,622 | $ | 1,809 | Total interest expense and amortization of fees | $ | 2,262 | $ | 1,823 | $ | 3,884 | $ | 3,632 |
Liability (in thousands) | June 30, 2022 | December 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||||||||||||||||||||
Credit Facility | $ | — | $ | — | $ | 54,000 | $ | 54,000 | $ | — | $ | — | $ | 133,500 | $ | 133,500 | ||||||||||||||||||||||||||||||||||
2027 Notes | — | — | 74,118 | 74,118 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 128,118 | $ | 128,118 | $ | — | $ | — | $ | 133,500 | $ | 133,500 |
March 31, 2022 | December 31, 2021 | June 30, 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 | ||||||||||||||||||||||||||||||||||||||||||
Calibrate Health, Inc. | Calibrate Health, Inc. | $ | 15,000 | $ | 196 | $ | 15,000 | $ | 196 | Calibrate Health, Inc. | $ | 15,000 | $ | 196 | $ | 15,000 | $ | 196 | ||||||||||||||||||||||||||||||||||
Canvas Construction, Inc. | Canvas Construction, Inc. | 14,500 | 38 | 14,500 | 38 | Canvas Construction, Inc. | 14,500 | 38 | 14,500 | 38 | ||||||||||||||||||||||||||||||||||||||||||
Levels Health Inc. | Levels Health Inc. | 14,273 | 106 | 14,273 | 106 | Levels Health Inc. | 14,273 | 106 | 14,273 | 106 | ||||||||||||||||||||||||||||||||||||||||||
Cherry Technologies Inc. | 14,000 | 163 | 14,000 | 163 | ||||||||||||||||||||||||||||||||||||||||||||||||
Ever/Body Inc. | Ever/Body Inc. | 13,250 | 149 | 13,250 | 149 | Ever/Body Inc. | 13,250 | 179 | 13,250 | 149 | ||||||||||||||||||||||||||||||||||||||||||
Morty, Inc. | Morty, Inc. | 12,000 | 103 | 12,000 | 135 | Morty, Inc. | 12,000 | 103 | 12,000 | 135 | ||||||||||||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | 10,000 | 63 | 10,000 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||||
Embed Financial Technologies, Inc. | Embed Financial Technologies, Inc. | 10,000 | 110 | 10,000 | 110 | Embed Financial Technologies, Inc. | 10,000 | 60 | 10,000 | 110 | ||||||||||||||||||||||||||||||||||||||||||
Ribbon Home, Inc. | Ribbon Home, Inc. | 10,000 | 40 | 13,000 | 40 | Ribbon Home, Inc. | 10,000 | 40 | 13,000 | 40 | ||||||||||||||||||||||||||||||||||||||||||
Vestwell Holdings, Inc. | Vestwell Holdings, Inc. | 10,000 | 89 | 10,000 | 89 | Vestwell Holdings, Inc. | 10,000 | 89 | 10,000 | 89 | ||||||||||||||||||||||||||||||||||||||||||
Cardless, Inc. | Cardless, Inc. | 8,000 | — | 8,000 | — | Cardless, Inc. | 8,000 | — | 8,000 | — | ||||||||||||||||||||||||||||||||||||||||||
Homeward, Inc. | Homeward, Inc. | 8,000 | 104 | 8,000 | 104 | Homeward, Inc. | 8,000 | 104 | 8,000 | 104 | ||||||||||||||||||||||||||||||||||||||||||
The Pill Club Holdings, Inc. | The Pill Club Holdings, Inc. | 8,000 | 141 | 8,000 | 104 | The Pill Club Holdings, Inc. | 8,000 | 141 | 8,000 | 104 | ||||||||||||||||||||||||||||||||||||||||||
Workstep Inc. | Workstep Inc. | 8,000 | 22 | 8,000 | 22 | Workstep Inc. | 8,000 | 22 | 8,000 | 22 | ||||||||||||||||||||||||||||||||||||||||||
Tempo Interactive Inc. | 7,500 | 53 | 7,500 | 53 | ||||||||||||||||||||||||||||||||||||||||||||||||
Elodie Games, Inc. | Elodie Games, Inc. | 7,000 | 93 | 7,000 | 93 | Elodie Games, Inc. | 7,000 | 93 | 7,000 | 93 | ||||||||||||||||||||||||||||||||||||||||||
Redfish Labs, Inc. | Redfish Labs, Inc. | 7,000 | 31 | 15,000 | 96 | Redfish Labs, Inc. | 7,000 | 31 | 15,000 | 96 | ||||||||||||||||||||||||||||||||||||||||||
Sidecar Health, Inc. | Sidecar Health, Inc. | 7,000 | 70 | 7,000 | 70 | Sidecar Health, Inc. | 7,000 | 70 | 7,000 | 70 | ||||||||||||||||||||||||||||||||||||||||||
The Aligned Company | The Aligned Company | 7,000 | — | 7,000 | — | The Aligned Company | 7,000 | — | 7,000 | — | ||||||||||||||||||||||||||||||||||||||||||
Karat Financial Technologies, Inc. | Karat Financial Technologies, Inc. | 6,990 | 76 | 6,990 | 76 | Karat Financial Technologies, Inc. | 6,990 | 76 | 6,990 | 76 | ||||||||||||||||||||||||||||||||||||||||||
Good Eggs, Inc. | 6,000 | 30 | 6,000 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||
Forum Brands, Inc. | 5,935 | 213 | 7,771 | 278 | ||||||||||||||||||||||||||||||||||||||||||||||||
True Footage, Inc. | 5,110 | 91 | 5,695 | 107 | ||||||||||||||||||||||||||||||||||||||||||||||||
Path Robotics, Inc. | 5,060 | 144 | 7,000 | 200 | ||||||||||||||||||||||||||||||||||||||||||||||||
Cherry Technologies Inc. | Cherry Technologies Inc. | 5,500 | — | 14,000 | 163 | |||||||||||||||||||||||||||||||||||||||||||||||
Certamen Ventures, Inc. | Certamen Ventures, Inc. | 5,055 | 16 | 5,055 | 16 | Certamen Ventures, Inc. | 5,055 | 16 | 5,055 | 16 | ||||||||||||||||||||||||||||||||||||||||||
Activehours, Inc. | Activehours, Inc. | 5,000 | 29 | 5,000 | 29 | Activehours, Inc. | 5,000 | 29 | 5,000 | 29 | ||||||||||||||||||||||||||||||||||||||||||
Curology, Inc. | Curology, Inc. | 5,000 | — | 5,000 | — | Curology, Inc. | 5,000 | — | 5,000 | — | ||||||||||||||||||||||||||||||||||||||||||
Eightfold AI Inc. | Eightfold AI Inc. | 5,000 | — | 5,000 | — | Eightfold AI Inc. | 5,000 | — | 5,000 | — | ||||||||||||||||||||||||||||||||||||||||||
Well Dot, Inc. | Well Dot, Inc. | 5,000 | 75 | 4,000 | 66 | Well Dot, Inc. | 5,000 | 75 | 4,000 | 66 | ||||||||||||||||||||||||||||||||||||||||||
Forum Brands, Inc. | Forum Brands, Inc. | 4,972 | 178 | 7,771 | 278 | |||||||||||||||||||||||||||||||||||||||||||||||
Blueboard Inc. | Blueboard Inc. | 4,000 | 25 | 4,000 | 25 | Blueboard Inc. | 4,000 | 25 | 4,000 | 25 | ||||||||||||||||||||||||||||||||||||||||||
Idelic, Inc. | Idelic, Inc. | 4,000 | 56 | 4,000 | 56 | Idelic, Inc. | 4,000 | 56 | 4,000 | 56 | ||||||||||||||||||||||||||||||||||||||||||
Nate, Inc. | 4,000 | — | 8,000 | 155 | ||||||||||||||||||||||||||||||||||||||||||||||||
JOKR | JOKR | 3,740 | 257 | 3,740 | 257 | JOKR | 3,740 | 257 | 3,740 | 257 | ||||||||||||||||||||||||||||||||||||||||||
Merama Inc. | Merama Inc. | 3,644 | 511 | 3,644 | 511 | Merama Inc. | 3,644 | 511 | 3,644 | 511 | ||||||||||||||||||||||||||||||||||||||||||
Kobold Metals | Kobold Metals | 3,500 | 90 | 3,500 | 90 | Kobold Metals | 3,500 | 90 | 3,500 | 90 | ||||||||||||||||||||||||||||||||||||||||||
Flashparking, Inc. | Flashparking, Inc. | 3,490 | 102 | 3,837 | 112 | Flashparking, Inc. | 3,490 | 102 | 3,837 | 112 | ||||||||||||||||||||||||||||||||||||||||||
RenoRun, Inc. | RenoRun, Inc. | 3,400 | 130 | 3,400 | 130 | RenoRun, Inc. | 3,400 | 130 | 3,400 | 130 | ||||||||||||||||||||||||||||||||||||||||||
Path Robotics, Inc. | Path Robotics, Inc. | 3,232 | 92 | 7,000 | 200 | |||||||||||||||||||||||||||||||||||||||||||||||
Good Eggs, Inc. | Good Eggs, Inc. | 3,000 | — | 6,000 | 30 | |||||||||||||||||||||||||||||||||||||||||||||||
Quantum Circuits, Inc. | Quantum Circuits, Inc. | 3,000 | 57 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
True Footage, Inc. | True Footage, Inc. | 2,794 | 77 | 5,695 | 107 | |||||||||||||||||||||||||||||||||||||||||||||||
YDC Inc. | YDC Inc. | 2,600 | 39 | 2,600 | 39 | YDC Inc. | 2,600 | 39 | 2,600 | 39 | ||||||||||||||||||||||||||||||||||||||||||
HI LLC | 2,500 | — | 2,500 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Dance GmbH | 2,223 | 82 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Flink SE | Flink SE | 2,500 | 73 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Demain ES | Demain ES | 2,223 | 28 | 2,268 | 25 | Demain ES | 2,090 | 26 | 2,268 | 25 | ||||||||||||||||||||||||||||||||||||||||||
Trueskin GmbH | Trueskin GmbH | 2,090 | 19 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
One Vet Inc. | One Vet Inc. | 2,000 | 25 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Manufactured Networks, Inc. | Manufactured Networks, Inc. | 1,956 | 25 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Tempo Interactive Inc. | Tempo Interactive Inc. | 1,875 | — | 7,500 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||
Elsker, Inc. | Elsker, Inc. | 1,750 | — | 2,750 | 19 | Elsker, Inc. | 1,750 | — | 2,750 | 19 | ||||||||||||||||||||||||||||||||||||||||||
Phantom Auto, Inc. | 1,500 | — | 1,500 | — |
June 30, 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 | |||||||||||||||||||||||||||||||||||||||||||||||
Jerry Services, Inc. | Jerry Services, Inc. | 1,500 | 7 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Phantom Auto, Inc. | Phantom Auto, Inc. | 1,500 | — | 1,500 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Dance GmbH | Dance GmbH | 1,393 | 63 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Flo Health UK Limited | Flo Health UK Limited | 1,333 | 26 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Baby Generation, Inc. | Baby Generation, Inc. | 1,250 | 17 | — | — | Baby Generation, Inc. | 1,250 | 17 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Allplants LTD | 1,128 | 44 | 1,160 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||
Overtime Sports, Inc. | Overtime Sports, Inc. | 1,143 | 3 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Angle Health, Inc. | Angle Health, Inc. | 1,000 | 29 | — | — | Angle Health, Inc. | 1,000 | 29 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Athletic Greens (USA), Inc. | Athletic Greens (USA), Inc. | 1,000 | 9 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Belong home, Inc. | Belong home, Inc. | 1,000 | 16 | — | — | Belong home, Inc. | 1,000 | 16 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Cart.com, Inc. | Cart.com, Inc. | 1,000 | 18 | — | — | Cart.com, Inc. | 1,000 | 18 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Dia Styling Co. | Dia Styling Co. | 1,000 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Don’t Run Out, Inc. | Don’t Run Out, Inc. | 1,000 | — | 1,000 | Don’t Run Out, Inc. | 1,000 | — | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||
Ephemeral Solutions, Inc. | 1,000 | 11 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Foodology, Inc. | 1,000 | 27 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Encore Music Technologies, Inc. | Encore Music Technologies, Inc. | 1,000 | 15 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Found Health, Inc. | Found Health, Inc. | 1,000 | 6 | — | — | Found Health, Inc. | 1,000 | 6 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Immersive Group Gaming, Ltd. | Immersive Group Gaming, Ltd. | 1,000 | — | 1,000 | — | Immersive Group Gaming, Ltd. | 1,000 | — | 1,000 | — | ||||||||||||||||||||||||||||||||||||||||||
MCN Investments Ltd. | MCN Investments Ltd. | 1,000 | 27 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Mynd Management, Inc. | Mynd Management, Inc. | 1,000 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Mystery Tackle Box, Inc. | Mystery Tackle Box, Inc. | 1,000 | 14 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Parker Group, Inc. | Parker Group, Inc. | 1,000 | 9 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Strata Identity, Inc. | Strata Identity, Inc. | 1,000 | 12 | 1,000 | 12 | Strata Identity, Inc. | 1,000 | 12 | 1,000 | 12 | ||||||||||||||||||||||||||||||||||||||||||
Trendly, Inc. | 1,000 | — | 1,000 | — | ||||||||||||||||||||||||||||||||||||||||||||||||
Tripscout, Inc. | Tripscout, Inc. | 1,000 | 12 | 1,000 | 12 | Tripscout, Inc. | 1,000 | 12 | 1,000 | 12 | ||||||||||||||||||||||||||||||||||||||||||
Wispr AI, Inc. | Wispr AI, Inc. | 1,000 | 4 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Project 1920, Inc. | Project 1920, Inc. | 900 | 16 | — | — | Project 1920, Inc. | 775 | 13 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Ephemeral Solutions, Inc. | Ephemeral Solutions, Inc. | 667 | 15 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Untitled Labs, Inc. | Untitled Labs, Inc. | 583 | 7 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Worldwide Freight Logistics Ltd. | Worldwide Freight Logistics Ltd. | 535 | 36 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Dumpling, Inc. | Dumpling, Inc. | 500 | 11 | 500 | 11 | |||||||||||||||||||||||||||||||||||||||||||||||
Metropolis Technologies, Inc. | Metropolis Technologies, Inc. | 500 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Quick Commerce, Ltd. | Quick Commerce, Ltd. | 500 | 36 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Everdrop GmbH | Everdrop GmbH | 889 | 9 | — | — | Everdrop GmbH | 453 | 5 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Dumpling, Inc. | 500 | 11 | 500 | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||
NX Foods GMBH | NX Foods GMBH | 412 | 8 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Underground Enterprises, Inc. | Underground Enterprises, Inc. | 375 | 1 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Foodology, Inc. | Foodology, Inc. | 372 | 10 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Nakdcom One World AB | Nakdcom One World AB | 314 | 26 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Elektra Mobility, Inc. | Elektra Mobility, Inc. | 200 | 2 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Allplants LTD | Allplants LTD | 97 | 4 | 1,160 | 44 | |||||||||||||||||||||||||||||||||||||||||||||||
Alyk, Inc. | Alyk, Inc. | — | — | 500 | — | Alyk, Inc. | — | — | 500 | — | ||||||||||||||||||||||||||||||||||||||||||
Appex Group, Inc. | Appex Group, Inc. | — | — | 8,000 | 9 | Appex Group, Inc. | — | — | 8,000 | 9 | ||||||||||||||||||||||||||||||||||||||||||
Arcadia Power, Inc. | Arcadia Power, Inc. | — | — | 10,000 | 25 | |||||||||||||||||||||||||||||||||||||||||||||||
Feather Home, Inc. | Feather Home, Inc. | — | — | 1,000 | — | Feather Home, Inc. | — | — | 1,000 | — | ||||||||||||||||||||||||||||||||||||||||||
HI LLC | HI LLC | — | — | 2,500 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Kasa Living, Inc. | Kasa Living, Inc. | — | — | 5,000 | 79 | Kasa Living, Inc. | — | — | 5,000 | 79 | ||||||||||||||||||||||||||||||||||||||||||
Leolabs, Inc. | Leolabs, Inc. | — | 141 | — | — | Leolabs, Inc. | — | 141 | — | — | ||||||||||||||||||||||||||||||||||||||||||
Material Technologies Corporation | Material Technologies Corporation | — | — | 5,000 | 206 | Material Technologies Corporation | — | — | 5,000 | 206 | ||||||||||||||||||||||||||||||||||||||||||
Nate, Inc. | Nate, Inc. | — | — | 8,000 | 155 | |||||||||||||||||||||||||||||||||||||||||||||||
Trendly, Inc. | Trendly, Inc. | — | — | 1,000 | — | |||||||||||||||||||||||||||||||||||||||||||||||
VanMoof Global Holding B.V. | VanMoof Global Holding B.V. | — | — | 810 | 24 | VanMoof Global Holding B.V. | — | — | 810 | 24 | ||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 302,910 | $ | 3,934 | $ | 331,743 | $ | 4,211 | Total | $ | 286,603 | $ | 3,852 | $ | 331,743 | $ | 4,211 |
Commitments Activity (in thousands) | Commitments Activity (in thousands) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | Commitments Activity (in thousands) | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | ||||||||||||||||||||
Unfunded commitments at beginning of period(1) | Unfunded commitments at beginning of period(1) | $ | 332,993 | $ | 88,956 | Unfunded commitments at beginning of period(1) | $ | 309,160 | $ | 108,263 | $ | 332,993 | $ | 88,956 | ||||||||||||||
New commitments(1) | New commitments(1) | 33,828 | 43,704 | New commitments(1) | 50,123 | 84,030 | 84,452 | 127,733 | ||||||||||||||||||||
Fundings | Fundings | (48,087) | (24,376) | Fundings | (63,040) | (37,351) | (111,127) | (61,727) | ||||||||||||||||||||
Expirations / Terminations | Expirations / Terminations | (9,500) | — | Expirations / Terminations | (3,582) | (2,500) | (13,082) | (2,500) | ||||||||||||||||||||
Foreign currency adjustments | Foreign currency adjustments | (74) | (21) | Foreign currency adjustments | 192 | 90 | (383) | 70 | ||||||||||||||||||||
Unfunded commitments and backlog of potential future commitments at end of period | Unfunded commitments and backlog of potential future commitments at end of period | $ | 309,160 | $ | 108,263 | Unfunded commitments and backlog of potential future commitments at end of period | $ | 292,853 | $ | 152,532 | $ | 292,853 | $ | 152,532 | ||||||||||||||
Backlog of potential future commitments | Backlog of potential future commitments | 6,250 | 4,250 | Backlog of potential future commitments | 6,250 | 3,750 | 6,250 | 3,750 | ||||||||||||||||||||
Unfunded commitments at end of period | Unfunded commitments at end of period | $ | 302,910 | $ | 104,013 | Unfunded commitments at end of period | $ | 286,603 | $ | 148,782 | $ | 286,603 | $ | 148,782 |
Unfunded Commitments(1) (in thousands) | Unfunded Commitments(1) (in thousands) | March 31, 2022 | December 31, 2021 | Unfunded Commitments(1) (in thousands) | June 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
Dependent on milestones | Dependent on milestones | $ | 109,971 | $ | 115,545 | Dependent on milestones | $ | 111,353 | $ | 115,545 | ||||||||||||||||||
Expiring during: | Expiring during: | Expiring during: | ||||||||||||||||||||||||||
2022 | 2022 | $ | 185,334 | $ | 196,300 | 2022 | $ | 160,050 | $ | 196,300 | ||||||||||||||||||
2023 | 2023 | 117,576 | 135,443 | 2023 | 107,159 | 135,443 | ||||||||||||||||||||||
2024 | 2024 | 18,250 | — | |||||||||||||||||||||||||
2025 | 2025 | 1,144 | — | |||||||||||||||||||||||||
Unfunded commitments | Unfunded commitments | $ | 302,910 | $ | 331,743 | Unfunded commitments | $ | 286,603 | $ | 331,743 |
Financial Highlights (in thousands, except share and per share data) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | |||||||||
Per Share Data(1) | |||||||||||
Net asset value at beginning of period | $ | 15.67 | $ | 15.08 | |||||||
Changes in net asset value due to: | |||||||||||
Net investment income | 0.45 | 0.19 | |||||||||
Net realized gains on investments | (0.06) | 0.01 | |||||||||
Net change in unrealized gains on investments | 0.11 | 0.02 | |||||||||
Distribution to preferred shareholders | — | — | |||||||||
Distribution to common shareholders | — | — | |||||||||
Net asset value at end of period | $ | 16.17 | $ | 15.30 | |||||||
Net investment income per common share | $ | 0.45 | $ | 0.19 | |||||||
Net increase in net assets resulting from operations per common share | $ | 0.48 | $ | 0.21 | |||||||
Weighted average shares of common stock outstanding for period | 16,293,025 | 7,182,465 | |||||||||
Shares of common stock outstanding at end of period | 18,222,514 | 7,503,014 | |||||||||
Ratios / Supplemental Data(2) | |||||||||||
Net asset value at end of period | $ | 295,094 | $ | 115,327 | |||||||
Average net asset value | $ | 258,888 | $ | 110,185 | |||||||
Total return based on net asset value per share(3) | 3.2 | % | 1.4 | % | |||||||
Net investment income to average net asset value(4) | 11.4 | % | 5.0 | % | |||||||
Net increase in net assets to average net asset value(4) | 12.3 | % | 5.5 | % | |||||||
Ratio of expenses to average net asset value(4) | 8.6 | % | 10.5 | % | |||||||
Operating expenses excluding incentive fees to average net asset value(4) | 5.5 | % | 10.5 | % | |||||||
Income incentive fees to average net asset value(4) | 2.9 | % | — | % | |||||||
Capital gains incentive fees to average net asset value(4) | 0.2 | % | — | % |
Financial Highlights (in thousands, except share and per share data) | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | |||||||||
Per Share Data(1) | |||||||||||
Net asset value at beginning of period | $ | 15.67 | $ | 15.08 | |||||||
Changes in net asset value due to: | |||||||||||
Net investment income | 0.89 | 0.46 | |||||||||
Net realized gains/(losses) on investments | (0.06) | 0.02 | |||||||||
Net change in unrealized gains on investments | 0.02 | 0.17 | |||||||||
Distribution to preferred shareholders | — | — | |||||||||
Distribution to common shareholders | (0.33) | (0.30) | |||||||||
Net asset value at end of period | $ | 16.19 | $ | 15.43 | |||||||
Net investment income per common share | $ | 0.89 | $ | 0.46 | |||||||
Net increase in net assets resulting from operations per common share | $ | 0.83 | $ | 0.64 | |||||||
Weighted average shares of common stock outstanding for period | 17,263,099 | 7,403,803 | |||||||||
Shares of common stock outstanding at end of period | 18,222,514 | 7,729,938 | |||||||||
Ratios / Supplemental Data(2) | |||||||||||
Net asset value at end of period | $ | 295,486 | $ | 119,830 | |||||||
Average net asset value | $ | 274,922 | $ | 112,606 | |||||||
Total return based on net asset value per share(3) | 5.4 | % | 4.3 | % | |||||||
Net investment income to average net asset value(4) | 11.3 | % | 6.1 | % | |||||||
Net increase in net assets to average net asset value(4) | 10.5 | % | 8.5 | % | |||||||
Ratio of expenses to average net asset value(4) | 8.4 | % | 10.8 | % | |||||||
Operating expenses excluding incentive fees to average net asset value(4) | 5.7 | % | 10.3 | % | |||||||
Income incentive fees to average net asset value(4) | 2.8 | % | 0.1 | % | |||||||
Capital gains incentive fees to average net asset value(4) | (0.2) | % | 0.4 | % |
Ratios (Percentages, on an annualized basis)(1) | Ratios (Percentages, on an annualized basis)(1) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | Ratios (Percentages, on an annualized basis)(1) | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | ||||||||||||||||
Weighted average annualized portfolio yield on total debt investments(2) | Weighted average annualized portfolio yield on total debt investments(2) | 15.2 | % | 14.3 | % | Weighted average annualized portfolio yield on total debt investments(2) | 15.3 | % | 15.1 | % | ||||||||||||
Coupon income | Coupon income | 10.2 | % | 10.2 | % | Coupon income | 10.3 | % | 10.4 | % | ||||||||||||
Accretion of discount | Accretion of discount | 1.3 | % | 0.9 | % | Accretion of discount | 1.2 | % | 1.0 | % | ||||||||||||
Accretion of end-of-term payments | Accretion of end-of-term payments | 2.2 | % | 2.9 | % | Accretion of end-of-term payments | 2.2 | % | 2.7 | % | ||||||||||||
Impact of prepayments during the period | Impact of prepayments during the period | 1.5 | % | 0.3 | % | Impact of prepayments during the period | 1.6 | % | 1.0 | % |
Basic and Diluted Share Information (in thousands, except share and per share data) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | |||||||||
Net investment income | $ | 7,296 | $ | 1,363 | |||||||
Net increase in net assets resulting from operations | $ | 7,878 | $ | 1,501 | |||||||
Basic and diluted weighted average shares of common stock outstanding | 16,293,025 | 7,182,465 | |||||||||
Basic and diluted net investment income per share of common stock | $ | 0.45 | $ | 0.19 | |||||||
Basic and diluted net increase in net assets resulting from operations per share of common stock | $ | 0.48 | $ | 0.21 |
Basic and Diluted Share Information (in thousands, except share and per share data) | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | |||||||||||||
Net investment income | $ | 8,134 | $ | 2,051 | $ | 15,432 | $ | 3,415 | |||||||||
Net increase in net assets resulting from operations | $ | 6,420 | $ | 3,269 | $ | 14,300 | $ | 4,772 | |||||||||
Basic and diluted weighted average shares of common stock outstanding | 18,222,514 | 7,622,710 | 17,263,099 | 7,403,803 | |||||||||||||
Basic and diluted net investment income per share of common stock | $ | 0.45 | $ | 0.27 | $ | 0.89 | $ | 0.46 | |||||||||
Basic and diluted net increase in net assets resulting from operations per share of common stock | $ | 0.35 | $ | 0.43 | $ | 0.83 | $ | 0.64 |
Period Ended | Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | December 31, 2020 | November 12, 2020 | November 13, 2020 | November 20, 2020 | $ | 0.15 | December 31, 2020 | November 12, 2020 | November 13, 2020 | November 20, 2020 | $ | 0.15 | ||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | December 31, 2020 | December 21, 2020 | December 22, 2020 | December 30, 2020 | 0.30 | December 31, 2020 | December 21, 2020 | December 22, 2020 | December 30, 2020 | 0.30 | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | December 31, 2020 | December 21, 2020 | December 22, 2020 | December 30, 2020 | 0.14 | (1) | December 31, 2020 | December 21, 2020 | December 22, 2020 | December 30, 2020 | 0.14 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | June 30, 2021 | May 12, 2021 | May 13, 2021 | May 19, 2021 | 0.30 | June 30, 2021 | May 12, 2021 | May 13, 2021 | May 19, 2021 | 0.30 | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2021 | September 30, 2021 | August 11, 2021 | August 13, 2021 | August 27, 2021 | 0.30 | September 30, 2021 | August 11, 2021 | August 13, 2021 | August 27, 2021 | 0.30 | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | October 29, 2021 | November 1, 2021 | November 12, 2021 | 0.30 | December 31, 2021 | October 29, 2021 | November 1, 2021 | November 12, 2021 | 0.30 | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | December 8, 2021 | December 10, 2021 | December 29, 2021 | 0.30 | December 31, 2021 | December 8, 2021 | December 10, 2021 | December 29, 2021 | 0.30 | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | December 8, 2021 | December 10, 2021 | December 29, 2021 | 0.10 | (2) | December 31, 2021 | December 8, 2021 | December 10, 2021 | December 29, 2021 | 0.10 | (2) | ||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | March 31, 2022 | April 28, 2022 | May 13, 2022 | May 19, 2022 | 0.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total cash distributions | $ | 1.89 | Total cash distributions | $ | 2.22 |
March 31, 2022 | June 30, 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 | $ | 346,530 | $ | 345,778 | $ | (752) | 139 | 66 | Debt investments | $ | 374,628 | $ | 371,953 | $ | (2,675) | 175 | 82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant investments | Warrant investments | 12,373 | 20,718 | 8,345 | 132 | 110 | Warrant investments | 12,858 | 21,553 | 8,695 | 153 | 130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity investments | Equity investments | 7,205 | 7,747 | 542 | 34 | 29 | Equity investments | 8,710 | 9,341 | 631 | 44 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investments in portfolio companies | Total investments in portfolio companies | $ | 366,108 | $ | 374,243 | $ | 8,135 | 305 | 115 | (1) | Total investments in portfolio companies | $ | 396,196 | $ | 402,847 | $ | 6,651 | 372 | 136 | (1) |
December 31, 2021 | |||||||||||||||||||||||||||||||||||
Investments by Type (dollars in thousands) | Cost | Fair Value | Net Unrealized Gains (Losses) | Number of Investments | Number of Companies | ||||||||||||||||||||||||||||||
Debt investments | $ | 320,292 | $ | 319,493 | $ | (799) | 124 | 57 | |||||||||||||||||||||||||||
Warrant investments | 11,841 | 18,360 | 6,519 | 115 | 98 | ||||||||||||||||||||||||||||||
Equity investments | 5,492 | 6,131 | 639 | 29 | 24 | ||||||||||||||||||||||||||||||
Total investments in portfolio companies | $ | 337,625 | $ | 343,984 | $ | 6,359 | 268 | 102 | (1) |
March 31, 2022 | June 30, 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 | ||||||||||||||||||||||
Consumer Products and Services | Consumer Products and Services | $ | 64,240 | 17.2 | Consumer Products and Services | $ | 80,754 | 20.0 | ||||||||||||||||||||
Business Products and Services | Business Products and Services | 43,609 | 10.8 | |||||||||||||||||||||||||
E-Commerce - Clothing and Accessories | E-Commerce - Clothing and Accessories | 40,667 | 10.9 | E-Commerce - Clothing and Accessories | 39,175 | 9.7 | ||||||||||||||||||||||
Business Products and Services | 39,477 | 10.5 | ||||||||||||||||||||||||||
Real Estate Services | Real Estate Services | 38,553 | 10.3 | Real Estate Services | 36,502 | 9.1 | ||||||||||||||||||||||
Business Applications Software | 33,443 | 8.9 | ||||||||||||||||||||||||||
Healthcare Technology Systems | Healthcare Technology Systems | 26,940 | 7.2 | Healthcare Technology Systems | 27,131 | 6.7 | ||||||||||||||||||||||
Consumer Finance | Consumer Finance | 18,098 | 4.8 | Consumer Finance | 26,525 | 6.6 | ||||||||||||||||||||||
Business/Productivity Software | 13,337 | 3.6 | ||||||||||||||||||||||||||
Business Applications Software | Business Applications Software | 22,304 | 5.5 | |||||||||||||||||||||||||
E-Commerce - Personal Goods | E-Commerce - Personal Goods | 18,163 | 4.5 | |||||||||||||||||||||||||
Energy | Energy | 16,597 | 4.1 | |||||||||||||||||||||||||
Software Development Applications | Software Development Applications | 9,402 | 2.5 | Software Development Applications | 10,588 | 2.6 | ||||||||||||||||||||||
Social/Platform Software | Social/Platform Software | 9,178 | 2.5 | Social/Platform Software | 9,380 | 2.3 | ||||||||||||||||||||||
Life and Health Insurance | Life and Health Insurance | 8,247 | 2.2 | Life and Health Insurance | 8,293 | 2.1 | ||||||||||||||||||||||
Infrastructure | Infrastructure | 8,092 | 2.2 | Infrastructure | 8,210 | 2.0 | ||||||||||||||||||||||
Cultivation | Cultivation | 7,943 | 2.1 | Cultivation | 7,395 | 1.8 | ||||||||||||||||||||||
Database Software | Database Software | 6,638 | 1.8 | Database Software | 6,705 | 1.7 | ||||||||||||||||||||||
Energy | 6,500 | 1.7 | ||||||||||||||||||||||||||
Information Services (B2C) | Information Services (B2C) | 5,062 | 1.4 | Information Services (B2C) | 5,055 | 1.3 | ||||||||||||||||||||||
Computer Hardware | 5,062 | 1.4 | ||||||||||||||||||||||||||
E-Commerce - Personal Goods | 4,642 | 1.2 | ||||||||||||||||||||||||||
Food Products | Food Products | 4,445 | 1.2 | Food Products | 4,380 | 1.1 | ||||||||||||||||||||||
Aerospace and Defense | 4,436 | 1.2 | ||||||||||||||||||||||||||
Multimedia and Design Software | Multimedia and Design Software | 4,068 | 1.1 | Multimedia and Design Software | 4,359 | 1.1 | ||||||||||||||||||||||
Consumer Non-Durables | Consumer Non-Durables | 3,500 | 0.9 | Consumer Non-Durables | 4,176 | 1.0 | ||||||||||||||||||||||
Aerospace and Defense | Aerospace and Defense | 4,075 | 1.0 | |||||||||||||||||||||||||
Entertainment Software | Entertainment Software | 3,957 | 1.0 | |||||||||||||||||||||||||
Human Capital Services | Human Capital Services | 3,399 | 0.9 | Human Capital Services | 3,437 | 0.9 | ||||||||||||||||||||||
Medical Software and Information Services | Medical Software and Information Services | 2,518 | 0.7 | Medical Software and Information Services | 2,518 | 0.6 | ||||||||||||||||||||||
Home Furnishings | 2,318 | 0.6 | ||||||||||||||||||||||||||
Healthcare Services | Healthcare Services | 1,420 | 0.4 | Healthcare Services | 1,789 | 0.4 | ||||||||||||||||||||||
Other Financial Services | Other Financial Services | 1,130 | 0.3 | Other Financial Services | 1,562 | 0.4 | ||||||||||||||||||||||
Computer Hardware | Computer Hardware | 1,251 | 0.3 | |||||||||||||||||||||||||
Business to Business Marketplace | Business to Business Marketplace | 606 | 0.2 | Business to Business Marketplace | 1,214 | 0.3 | ||||||||||||||||||||||
Business/Productivity Software | Business/Productivity Software | 1,103 | 0.3 | |||||||||||||||||||||||||
Financial Software | Financial Software | 1,004 | 0.2 | |||||||||||||||||||||||||
Application Software | Application Software | 670 | 0.2 | |||||||||||||||||||||||||
Elder and Disabled Care | Elder and Disabled Care | 486 | 0.1 | Elder and Disabled Care | 486 | 0.1 | ||||||||||||||||||||||
Network Management Software | Network Management Software | 180 | * | Network Management Software | 180 | * | ||||||||||||||||||||||
Household Products | 105 | * | ||||||||||||||||||||||||||
Home Furnishings | Home Furnishings | 151 | * | |||||||||||||||||||||||||
Communication Software | Communication Software | 54 | * | Communication Software | 54 | * | ||||||||||||||||||||||
Logistics | Logistics | 51 | * | Logistics | 51 | * | ||||||||||||||||||||||
Household Products | Household Products | 38 | * | |||||||||||||||||||||||||
Commercial Services | Commercial Services | 6 | * | Commercial Services | 6 | * | ||||||||||||||||||||||
General Media and Content | General Media and Content | — | * | |||||||||||||||||||||||||
Total portfolio company investments | Total portfolio company investments | $ | 374,243 | 100.0 | % | Total portfolio company investments | $ | 402,847 | 100.0 | % |
December 31, 2021 | ||||||||||||||
Investments in Portfolio Companies by Industry (dollars in thousands) | At Fair Value | Percentage of Total Investments | ||||||||||||
Consumer Products and Services | $ | 57,722 | 16.8 | % | ||||||||||
E-Commerce - Clothing and Accessories | 39,273 | 11.4 | ||||||||||||
Real Estate Services | 38,492 | 11.2 | ||||||||||||
Business Applications Software | 33,262 | 9.7 | ||||||||||||
Business Products and Services | 20,698 | 6.0 | ||||||||||||
Consumer Finance | 17,236 | 5.0 | ||||||||||||
Healthcare Technology Systems | 16,390 | 4.8 | ||||||||||||
Other Financial Services | 15,304 | 4.4 | ||||||||||||
Business/Productivity Software | 10,481 | 3.0 | ||||||||||||
Cultivation | 8,996 | 2.6 | ||||||||||||
Social/Platform Software | 8,977 | 2.6 | ||||||||||||
Life and Health Insurance | 8,189 | 2.4 | ||||||||||||
Infrastructure | 8,066 | 2.3 | ||||||||||||
Sports Betting | 6,893 | 2.0 | ||||||||||||
Database Software | 6,459 | 1.9 | ||||||||||||
Computer Hardware | 6,419 | 1.9 | ||||||||||||
Energy | 5,183 | 1.5 | ||||||||||||
Aerospace and Defense | 4,724 | 1.4 | ||||||||||||
E-Commerce - Personal Goods | 4,614 | 1.3 | ||||||||||||
Food Products | 4,407 | 1.3 | ||||||||||||
Multimedia and Design Software | 4,015 | 1.2 | ||||||||||||
Consumer Non-Durables | 3,497 | 1.0 | ||||||||||||
Human Capital Services | 3,380 | 1.0 | ||||||||||||
Software Development Applications | 2,935 | 0.9 | ||||||||||||
Home Furnishings | 2,886 | 0.8 | ||||||||||||
Medical Software and Information Services | 2,503 | 0.7 | ||||||||||||
Healthcare Services | 1,378 | 0.4 | ||||||||||||
Business to Business Marketplace | 606 | 0.2 | ||||||||||||
Elder and Disabled Care | 486 | 0.1 | ||||||||||||
Network Management Software | 180 | 0.1 | ||||||||||||
Information Services (B2C) | 117 | * | ||||||||||||
Household Products | 105 | * | ||||||||||||
Communication Software | 54 | * | ||||||||||||
Logistics | 51 | * | ||||||||||||
Commercial Services | 6 | * | ||||||||||||
Total portfolio company investments | $ | 343,984 | 100.0 | % |
March 31, 2022 | December 31, 2021 | June 30, 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 | $ | 335,649 | 97.1 | % | $ | 309,468 | 96.9 | % | Growth capital loans | $ | 361,737 | 97.3 | % | $ | 309,468 | 96.9 | % | ||||||||||||||||||||||||||||||||||
Revolver loans | Revolver loans | 9,754 | 2.8 | 9,650 | 3.0 | Revolver loans | 9,916 | 2.6 | 9,650 | 3.0 | ||||||||||||||||||||||||||||||||||||||||||
Convertible notes | Convertible notes | 375 | 0.1 | 375 | 0.1 | Convertible notes | 300 | 0.1 | 375 | 0.1 | ||||||||||||||||||||||||||||||||||||||||||
Total debt investments | Total debt investments | $ | 345,778 | 100.0 | % | $ | 319,493 | 100.0 | % | Total debt investments | $ | 371,953 | 100.0 | % | $ | 319,493 | 100.0 | % |
(in thousands) | (in thousands) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | (in thousands) | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | |||||||||||||||||||||||||||||||||||
Beginning portfolio at fair value | Beginning portfolio at fair value | $ | 343,984 | $ | 120,368 | Beginning portfolio at fair value | $ | 374,243 | $ | 139,546 | $ | 343,984 | $ | 120,368 | |||||||||||||||||||||||||||||
New debt investments, net(1) | New debt investments, net(1) | 52,140 | 23,833 | New debt investments, net(1) | 61,899 | 36,499 | 114,038 | 60,332 | |||||||||||||||||||||||||||||||||||
Scheduled principal amortization | Scheduled principal amortization | (3,586) | (2,498) | Scheduled principal amortization | (3,676) | (11,050) | (7,262) | (13,548) | |||||||||||||||||||||||||||||||||||
Principal prepayments and early repayments | Principal prepayments and early repayments | (24,124) | (4,000) | Principal prepayments and early repayments | (32,540) | (8,463) | (56,589) | (12,463) | |||||||||||||||||||||||||||||||||||
Accretion of debt investment fees | Accretion of debt investment fees | 1,615 | 788 | Accretion of debt investment fees | 2,357 | 533 | 3,970 | 1,321 | |||||||||||||||||||||||||||||||||||
Payment-in-kind coupon | Payment-in-kind coupon | 195 | — | Payment-in-kind coupon | 64 | 71 | 259 | 71 | |||||||||||||||||||||||||||||||||||
New warrant investments | New warrant investments | 532 | 735 | New warrant investments | 648 | 1,148 | 1,180 | 1,883 | |||||||||||||||||||||||||||||||||||
New equity investments | New equity investments | 1,713 | 245 | New equity investments | 1,498 | 1,256 | 3,136 | 1,501 | |||||||||||||||||||||||||||||||||||
Net realized losses | Net realized losses | — | — | Net realized losses | (163) | (12) | (163) | (12) | |||||||||||||||||||||||||||||||||||
Net unrealized gains on investments | Net unrealized gains on investments | 1,774 | 75 | Net unrealized gains on investments | (1,483) | 1,148 | 294 | 1,223 | |||||||||||||||||||||||||||||||||||
Ending portfolio at fair value | Ending portfolio at fair value | $ | 374,243 | $ | 139,546 | Ending portfolio at fair value | $ | 402,847 | $ | 160,676 | $ | 402,847 | $ | 160,676 |
Commitments and Fundings (in thousands) | Commitments and Fundings (in thousands) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | Commitments and Fundings (in thousands) | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | |||||||||||||||||||||||||||||||||||
Debt Commitments | Debt Commitments | Debt Commitments | |||||||||||||||||||||||||||||||||||||||||
New portfolio companies | New portfolio companies | $ | 18,300 | $ | 34,558 | New portfolio companies | $ | 36,663 | $ | 80,280 | $ | 54,963 | $ | 114,837 | |||||||||||||||||||||||||||||
Existing portfolio companies | Existing portfolio companies | 20,573 | 9,146 | Existing portfolio companies | 13,455 | 3,750 | 34,028 | 12,896 | |||||||||||||||||||||||||||||||||||
Total(1) | Total(1) | $ | 38,873 | $ | 43,704 | Total(1) | $ | 50,118 | $ | 84,030 | $ | 88,991 | $ | 127,733 | |||||||||||||||||||||||||||||
Funded Debt Investments | Funded Debt Investments | $ | 53,008 | $ | 24,376 | Funded Debt Investments | $ | 63,040 | $ | 37,351 | $ | 116,048 | $ | 61,727 | |||||||||||||||||||||||||||||
Equity Investments | Equity Investments | $ | 1,713 | $ | 245 | Equity Investments | $ | 1,423 | $ | 1,256 | $ | 3,743 | $ | 1,501 |
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 White. | 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. |
March 31, 2022 | December 31, 2021 | June 30, 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) | $ | 7,935 | 2.3 | % | 3 | $ | 24,595 | 7.7 | % | 5 | Clear (1) | $ | 6,430 | 1.7 | % | 2 | $ | 24,595 | 7.7 | % | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
White (2) | White (2) | 335,361 | 97.0 | % | 62 | 294,898 | 92.3 | % | 52 | White (2) | 359,967 | 96.8 | % | 77 | 294,898 | 92.3 | % | 52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Yellow (3) | Yellow (3) | 2,482 | 0.7 | % | 1 | — | — | — | Yellow (3) | 5,556 | 1.5 | % | 3 | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Orange (4) | Orange (4) | — | — | — | — | — | — | Orange (4) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Red (5) | Red (5) | — | — | — | — | — | — | Red (5) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 345,778 | 100.0 | % | 66 | $ | 319,493 | 100.0 | % | 57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 371,953 | 100.0 | % | 82 | $ | 319,493 | 100.0 | % | 57 |
Ratios (Percentages, on an annualized basis)(1) | Ratios (Percentages, on an annualized basis)(1) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | Ratios (Percentages, on an annualized basis)(1) | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | ||||||||||||||||||||
Weighted average annualized portfolio yield on total debt investments(2) | Weighted average annualized portfolio yield on total debt investments(2) | 15.2 | % | 14.3 | % | Weighted average annualized portfolio yield on total debt investments(2) | 15.6 | % | 15.8 | % | 15.3 | % | 15.1 | % | ||||||||||||||
Coupon income | Coupon income | 10.2 | % | 10.2 | % | Coupon income | 10.5 | % | 10.5 | % | 10.3 | % | 10.4 | % | ||||||||||||||
Accretion of discount | Accretion of discount | 1.3 | % | 0.9 | % | Accretion of discount | 1.2 | % | 1.0 | % | 1.2 | % | 1.0 | % | ||||||||||||||
Accretion of end-of-term payments | Accretion of end-of-term payments | 2.2 | % | 2.9 | % | Accretion of end-of-term payments | 2.1 | % | 2.7 | % | 2.2 | % | 2.7 | % | ||||||||||||||
Impact of prepayments during the period | Impact of prepayments during the period | 1.5 | % | 0.3 | % | Impact of prepayments during the period | 1.8 | % | 1.6 | % | 1.6 | % | 1.0 | % |
Returns on Net Asset Value and Total Assets(1) (dollars in thousands) | Returns on Net Asset Value and Total Assets(1) (dollars in thousands) | For the Three Months Ended March 31, 2022 | For the Three Months Ended March 31, 2021 | Returns on Net Asset Value and Total Assets(1) (dollars in thousands) | For the Three Months Ended June 30, 2022 | For the Three Months Ended June 30, 2021 | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2021 | ||||||||||||||||||||
Net investment income | Net investment income | $ | 7,296 | $ | 1,363 | Net investment income | $ | 8,134 | $ | 2,051 | $ | 15,432 | $ | 3,415 | ||||||||||||||
Net increase in net assets | Net increase in net assets | $ | 7,878 | $ | 1,501 | Net increase in net assets | $ | 6,420 | $ | 3,269 | $ | 14,300 | $ | 4,772 | ||||||||||||||
Average net asset value(2) | Average net asset value(2) | $ | 258,888 | $ | 110,185 | Average net asset value(2) | $ | 295,868 | $ | 116,719 | $ | 274,922 | $ | 112,606 | ||||||||||||||
Average total assets(2) | Average total assets(2) | $ | 387,872 | $ | 158,460 | Average total assets(2) | $ | 427,787 | $ | 171,444 | $ | 408,248 | $ | 164,629 | ||||||||||||||
Net investment income to average net asset value(3) | Net investment income to average net asset value(3) | 11.4 | % | 5.0 | % | Net investment income to average net asset value(3) | 11.0 | % | 7.0 | % | 11.3 | % | 6.1 | % | ||||||||||||||
Net increase in net assets to average net asset value(3) | Net increase in net assets to average net asset value(3) | 12.3 | % | 5.5 | % | Net increase in net assets to average net asset value(3) | 8.7 | % | 11.2 | % | 10.5 | % | 8.5 | % | ||||||||||||||
Net investment income to average total assets(3) | Net investment income to average total assets(3) | 7.6 | % | 3.5 | % | Net investment income to average total assets(3) | 7.6 | % | 4.8 | % | 7.6 | % | 4.2 | % | ||||||||||||||
Net increase in net assets to average total assets(3) | Net increase in net assets to average total assets(3) | 8.2 | % | 3.8 | % | Net increase in net assets to average total assets(3) | 6.0 | % | 7.6 | % | 7.1 | % | 5.8 | % |
Unfunded Commitments(1) (in thousands) | Unfunded Commitments(1) (in thousands) | March 31, 2022 | December 31, 2021 | Unfunded Commitments(1) (in thousands) | June 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
Calibrate Health, Inc. | Calibrate Health, Inc. | $ | 15,000 | $ | 15,000 | Calibrate Health, Inc. | $ | 15,000 | $ | 15,000 | ||||||||||||||||||
Canvas Construction, Inc. | Canvas Construction, Inc. | 14,500 | 14,500 | Canvas Construction, Inc. | 14,500 | 14,500 | ||||||||||||||||||||||
Levels Health Inc. | Levels Health Inc. | 14,273 | 14,273 | Levels Health Inc. | 14,273 | 14,273 | ||||||||||||||||||||||
Cherry Technologies Inc. | 14,000 | 14,000 | ||||||||||||||||||||||||||
Ever/Body Inc. | Ever/Body Inc. | 13,250 | 13,250 | Ever/Body Inc. | 13,250 | 13,250 | ||||||||||||||||||||||
Morty, Inc. | Morty, Inc. | 12,000 | 12,000 | Morty, Inc. | 12,000 | 12,000 | ||||||||||||||||||||||
Arcadia Power, Inc. | 10,000 | 10,000 | ||||||||||||||||||||||||||
Embed Financial Technologies, Inc. | Embed Financial Technologies, Inc. | 10,000 | 10,000 | Embed Financial Technologies, Inc. | 10,000 | 10,000 | ||||||||||||||||||||||
Ribbon Home, Inc. | Ribbon Home, Inc. | 10,000 | 13,000 | Ribbon Home, Inc. | 10,000 | 13,000 | ||||||||||||||||||||||
Vestwell Holdings, Inc. | Vestwell Holdings, Inc. | 10,000 | 10,000 | Vestwell Holdings, Inc. | 10,000 | 10,000 | ||||||||||||||||||||||
Cardless, Inc. | Cardless, Inc. | 8,000 | 8,000 | Cardless, Inc. | 8,000 | 8,000 | ||||||||||||||||||||||
Homeward, Inc. | Homeward, Inc. | 8,000 | 8,000 | Homeward, Inc. | 8,000 | 8,000 | ||||||||||||||||||||||
The Pill Club Holdings, Inc. | The Pill Club Holdings, Inc. | 8,000 | 8,000 | The Pill Club Holdings, Inc. | 8,000 | 8,000 | ||||||||||||||||||||||
Workstep Inc. | Workstep Inc. | 8,000 | 8,000 | Workstep Inc. | 8,000 | 8,000 | ||||||||||||||||||||||
Tempo Interactive Inc. | 7,500 | 7,500 | ||||||||||||||||||||||||||
Elodie Games, Inc. | Elodie Games, Inc. | 7,000 | 7,000 | Elodie Games, Inc. | 7,000 | 7,000 | ||||||||||||||||||||||
Redfish Labs, Inc. | Redfish Labs, Inc. | 7,000 | 15,000 | Redfish Labs, Inc. | 7,000 | 15,000 | ||||||||||||||||||||||
Sidecar Health, Inc. | Sidecar Health, Inc. | 7,000 | 7,000 | Sidecar Health, Inc. | 7,000 | 7,000 | ||||||||||||||||||||||
The Aligned Company | The Aligned Company | 7,000 | 7,000 | The Aligned Company | 7,000 | 7,000 | ||||||||||||||||||||||
Karat Financial Technologies, Inc. | Karat Financial Technologies, Inc. | 6,990 | 6,990 | Karat Financial Technologies, Inc. | 6,990 | 6,990 | ||||||||||||||||||||||
Good Eggs, Inc. | 6,000 | 6,000 | ||||||||||||||||||||||||||
Forum Brands, Inc. | 5,935 | 7,771 | ||||||||||||||||||||||||||
True Footage, Inc. | 5,110 | 5,695 | ||||||||||||||||||||||||||
Path Robotics, Inc. | 5,060 | 7,000 | ||||||||||||||||||||||||||
Cherry Technologies Inc. | Cherry Technologies Inc. | 5,500 | 14,000 | |||||||||||||||||||||||||
Certamen Ventures, Inc. | Certamen Ventures, Inc. | 5,055 | 5,055 | Certamen Ventures, Inc. | 5,055 | 5,055 | ||||||||||||||||||||||
Activehours, Inc. | Activehours, Inc. | 5,000 | 5,000 | Activehours, Inc. | 5,000 | 5,000 | ||||||||||||||||||||||
Curology, Inc. | Curology, Inc. | 5,000 | 5,000 | Curology, Inc. | 5,000 | 5,000 | ||||||||||||||||||||||
Eightfold AI Inc. | Eightfold AI Inc. | 5,000 | 5,000 | Eightfold AI Inc. | 5,000 | 5,000 | ||||||||||||||||||||||
Well Dot, Inc. | Well Dot, Inc. | 5,000 | 4,000 | Well Dot, Inc. | 5,000 | 4,000 | ||||||||||||||||||||||
Forum Brands, Inc. | Forum Brands, Inc. | 4,972 | 7,771 | |||||||||||||||||||||||||
Blueboard Inc. | Blueboard Inc. | 4,000 | 4,000 | Blueboard Inc. | 4,000 | 4,000 | ||||||||||||||||||||||
Idelic, Inc. | Idelic, Inc. | 4,000 | 4,000 | Idelic, Inc. | 4,000 | 4,000 | ||||||||||||||||||||||
JOKR | JOKR | 3,740 | 3,740 | |||||||||||||||||||||||||
Merama Inc. | Merama Inc. | 3,644 | 3,644 | |||||||||||||||||||||||||
Kobold Metals | Kobold Metals | 3,500 | 3,500 | |||||||||||||||||||||||||
Flashparking, Inc. | Flashparking, Inc. | 3,490 | 3,837 | |||||||||||||||||||||||||
RenoRun, Inc. | RenoRun, Inc. | 3,400 | 3,400 | |||||||||||||||||||||||||
Path Robotics, Inc. | Path Robotics, Inc. | 3,232 | 7,000 | |||||||||||||||||||||||||
Good Eggs, Inc. | Good Eggs, Inc. | 3,000 | 6,000 | |||||||||||||||||||||||||
Quantum Circuits, Inc. | Quantum Circuits, Inc. | 3,000 | — | |||||||||||||||||||||||||
True Footage, Inc. | True Footage, Inc. | 2,794 | 5,695 | |||||||||||||||||||||||||
YDC Inc. | YDC Inc. | 2,600 | 2,600 | |||||||||||||||||||||||||
Flink SE | Flink SE | 2,500 | — | |||||||||||||||||||||||||
Demain ES | Demain ES | 2,090 | 2,268 | |||||||||||||||||||||||||
Trueskin GmbH | Trueskin GmbH | 2,090 | — | |||||||||||||||||||||||||
One Vet Inc. | One Vet Inc. | 2,000 | — | |||||||||||||||||||||||||
Manufactured Networks, Inc. | Manufactured Networks, Inc. | 1,956 | — | |||||||||||||||||||||||||
Tempo Interactive Inc. | Tempo Interactive Inc. | 1,875 | 7,500 | |||||||||||||||||||||||||
Elsker, Inc. | Elsker, Inc. | 1,750 | 2,750 | |||||||||||||||||||||||||
Jerry Services, Inc. | Jerry Services, Inc. | 1,500 | — | |||||||||||||||||||||||||
Phantom Auto, Inc. | Phantom Auto, Inc. | 1,500 | 1,500 | |||||||||||||||||||||||||
Dance GmbH | Dance GmbH | 1,393 | — |
Nate, Inc. | 4,000 | 8,000 | ||||||||||||||||||||||||||
JOKR | 3,740 | 3,740 | ||||||||||||||||||||||||||
Merama Inc. | 3,644 | 3,644 | ||||||||||||||||||||||||||
Kobold Metals | 3,500 | 3,500 | ||||||||||||||||||||||||||
Flashparking, Inc. | 3,490 | 3,837 | ||||||||||||||||||||||||||
RenoRun, Inc. | 3,400 | 3,400 | ||||||||||||||||||||||||||
YDC Inc. | 2,600 | 2,600 | ||||||||||||||||||||||||||
HI LLC | 2,500 | 2,500 | ||||||||||||||||||||||||||
Dance GmbH | 2,223 | — | ||||||||||||||||||||||||||
Demain ES | 2,223 | 2,268 | ||||||||||||||||||||||||||
Elsker, Inc. | 1,750 | 2,750 | ||||||||||||||||||||||||||
Phantom Auto, Inc. | 1,500 | 1,500 | ||||||||||||||||||||||||||
Unfunded Commitments(1) (in thousands) | Unfunded Commitments(1) (in thousands) | June 30, 2022 | December 31, 2021 | |||||||||||||||||||||||||
Flo Health UK Limited | Flo Health UK Limited | 1,333 | — | |||||||||||||||||||||||||
Baby Generation, Inc. | Baby Generation, Inc. | 1,250 | — | Baby Generation, Inc. | 1,250 | — | ||||||||||||||||||||||
Allplants LTD | 1,128 | 1,160 | ||||||||||||||||||||||||||
Overtime Sports, Inc. | Overtime Sports, Inc. | 1,143 | — | |||||||||||||||||||||||||
Angle Health, Inc. | Angle Health, Inc. | 1,000 | — | Angle Health, Inc. | 1,000 | — | ||||||||||||||||||||||
Athletic Greens (USA), Inc. | Athletic Greens (USA), Inc. | 1,000 | — | |||||||||||||||||||||||||
Belong home, Inc. | Belong home, Inc. | 1,000 | — | Belong home, Inc. | 1,000 | — | ||||||||||||||||||||||
Cart.com, Inc. | Cart.com, Inc. | 1,000 | — | Cart.com, Inc. | 1,000 | — | ||||||||||||||||||||||
Dia Styling Co. | Dia Styling Co. | 1,000 | — | |||||||||||||||||||||||||
Don’t Run Out, Inc. | Don’t Run Out, Inc. | 1,000 | 1,000 | Don’t Run Out, Inc. | 1,000 | 1,000 | ||||||||||||||||||||||
Ephemeral Solutions, Inc. | 1,000 | — | ||||||||||||||||||||||||||
Foodology, Inc. | 1,000 | — | ||||||||||||||||||||||||||
Encore Music Technologies, Inc. | Encore Music Technologies, Inc. | 1,000 | — | |||||||||||||||||||||||||
Found Health, Inc. | Found Health, Inc. | 1,000 | — | Found Health, Inc. | 1,000 | — | ||||||||||||||||||||||
Immersive Group Gaming, Ltd. | Immersive Group Gaming, Ltd. | 1,000 | 1,000 | Immersive Group Gaming, Ltd. | 1,000 | 1,000 | ||||||||||||||||||||||
MCN Investments Ltd. | MCN Investments Ltd. | 1,000 | — | |||||||||||||||||||||||||
Mynd Management, Inc. | Mynd Management, Inc. | 1,000 | — | |||||||||||||||||||||||||
Mystery Tackle Box, Inc. | Mystery Tackle Box, Inc. | 1,000 | — | |||||||||||||||||||||||||
Parker Group, Inc. | Parker Group, Inc. | 1,000 | — | |||||||||||||||||||||||||
Strata Identity, Inc. | Strata Identity, Inc. | 1,000 | 1,000 | Strata Identity, Inc. | 1,000 | 1,000 | ||||||||||||||||||||||
Trendly, Inc. | 1,000 | 1,000 | ||||||||||||||||||||||||||
Tripscout, Inc. | Tripscout, Inc. | 1,000 | 1,000 | Tripscout, Inc. | 1,000 | 1,000 | ||||||||||||||||||||||
Wispr AI, Inc. | Wispr AI, Inc. | 1,000 | — | |||||||||||||||||||||||||
Project 1920, Inc. | Project 1920, Inc. | 900 | — | Project 1920, Inc. | 775 | — | ||||||||||||||||||||||
Ephemeral Solutions, Inc. | Ephemeral Solutions, Inc. | 667 | — | |||||||||||||||||||||||||
Untitled Labs, Inc. | Untitled Labs, Inc. | 583 | — | |||||||||||||||||||||||||
Worldwide Freight Logistics Ltd. | Worldwide Freight Logistics Ltd. | 535 | — | |||||||||||||||||||||||||
Dumpling, Inc. | Dumpling, Inc. | 500 | 500 | |||||||||||||||||||||||||
Metropolis Technologies, Inc. | Metropolis Technologies, Inc. | 500 | — | |||||||||||||||||||||||||
Quick Commerce, Ltd. | Quick Commerce, Ltd. | 500 | — | |||||||||||||||||||||||||
Everdrop GmbH | Everdrop GmbH | 889 | — | Everdrop GmbH | 453 | — | ||||||||||||||||||||||
Dumpling, Inc. | 500 | 500 | ||||||||||||||||||||||||||
NX Foods GMBH | NX Foods GMBH | 412 | — | |||||||||||||||||||||||||
Underground Enterprises, Inc. | Underground Enterprises, Inc. | 375 | — | |||||||||||||||||||||||||
Foodology, Inc. | Foodology, Inc. | 372 | — | |||||||||||||||||||||||||
Nakdcom One World AB | Nakdcom One World AB | 314 | — | |||||||||||||||||||||||||
Elektra Mobility, Inc. | Elektra Mobility, Inc. | 200 | — | |||||||||||||||||||||||||
Allplants LTD | Allplants LTD | 97 | 1,160 | |||||||||||||||||||||||||
Alyk, Inc. | Alyk, Inc. | — | 500 | Alyk, Inc. | — | 500 | ||||||||||||||||||||||
Appex Group, Inc. | Appex Group, Inc. | — | 8,000 | Appex Group, Inc. | — | 8,000 | ||||||||||||||||||||||
Arcadia Power, Inc. | Arcadia Power, Inc. | — | 10,000 | |||||||||||||||||||||||||
Feather Home, Inc. | Feather Home, Inc. | — | 1,000 | Feather Home, Inc. | — | 1,000 | ||||||||||||||||||||||
HI LLC | HI LLC | — | 2,500 | |||||||||||||||||||||||||
Kasa Living, Inc. | Kasa Living, Inc. | — | 5,000 | Kasa Living, Inc. | — | 5,000 | ||||||||||||||||||||||
Leolabs, Inc. | Leolabs, Inc. | — | — | |||||||||||||||||||||||||
Material Technologies Corporation | Material Technologies Corporation | — | 5,000 | Material Technologies Corporation | — | 5,000 | ||||||||||||||||||||||
Nate, Inc. | Nate, Inc. | — | 8,000 | |||||||||||||||||||||||||
Trendly, Inc. | Trendly, Inc. | — | 1,000 | |||||||||||||||||||||||||
VanMoof Global Holding B.V. | VanMoof Global Holding B.V. | — | 810 | VanMoof Global Holding B.V. | — | 810 | ||||||||||||||||||||||
Total | Total | $ | 302,910 | $ | 331,743 | Total | $ | 286,603 | $ | 331,743 |
Unfunded Commitments(1) (in thousands) | March 31, 2022 | December 31, 2021 | ||||||||||||
Dependent on milestones | $ | 109,971 | $ | 115,545 | ||||||||||
Expiring during: | ||||||||||||||
2022 | $ | 185,334 | $ | 196,300 | ||||||||||
2023 | 117,576 | 135,443 | ||||||||||||
Total | $ | 302,910 | $ | 331,743 |
Unfunded Commitments(1) (in thousands) | June 30, 2022 | December 31, 2021 | ||||||||||||
Dependent on milestones | $ | 111,353 | $ | 115,545 | ||||||||||
Expiring during: | ||||||||||||||
2022 | $ | 160,050 | $ | 196,300 | ||||||||||
2023 | 107,159 | 135,443 | ||||||||||||
2024 | 18,250 | — | ||||||||||||
2025 | 1,144 | — | ||||||||||||
Total | $ | 286,603 | $ | 331,743 |
Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | |||||||||||||||||||||||||
December 31, 2020 | November 12, 2020 | November 13, 2020 | November 20, 2020 | $ | 0.15 | ||||||||||||||||||||||||
December 31, 2020 | December 21, 2020 | December 22, 2020 | December 30, 2020 | 0.30 | |||||||||||||||||||||||||
December 31, 2020 | December 21, 2020 | December 22, 2020 | December 30, 2020 | 0.14 | (1) | ||||||||||||||||||||||||
June 30, 2021 | May 12, 2021 | May 13, 2021 | May 19, 2021 | 0.30 | |||||||||||||||||||||||||
September 30, 2021 | August 11, 2021 | August 13, 2021 | August 27, 2021 | 0.30 | |||||||||||||||||||||||||
December 31, 2021 | October 29, 2021 | November 1, 2021 | November 12, 2021 | 0.30 | |||||||||||||||||||||||||
December 31, 2021 | December 8, 2021 | December 10, 2021 | December 29, 2021 | 0.30 | |||||||||||||||||||||||||
December 31, 2021 | December 8, 2021 | December 10, 2021 | December 29, 2021 | 0.10 | (2) | ||||||||||||||||||||||||
Total cash distributions | $ | 1.89 |
Period Ended | Date Declared | Record Date | Payment Date | Per Share Amount | |||||||||||||||||||||||||
December 31, 2020 | November 12, 2020 | November 13, 2020 | November 20, 2020 | $ | 0.15 | ||||||||||||||||||||||||
December 31, 2020 | December 21, 2020 | December 22, 2020 | December 30, 2020 | 0.30 | |||||||||||||||||||||||||
December 31, 2020 | December 21, 2020 | December 22, 2020 | December 30, 2020 | 0.14 | (1) | ||||||||||||||||||||||||
June 30, 2021 | May 12, 2021 | May 13, 2021 | May 19, 2021 | 0.30 | |||||||||||||||||||||||||
September 30, 2021 | August 11, 2021 | August 13, 2021 | August 27, 2021 | 0.30 | |||||||||||||||||||||||||
December 31, 2021 | October 29, 2021 | November 1, 2021 | November 12, 2021 | 0.30 | |||||||||||||||||||||||||
December 31, 2021 | December 8, 2021 | December 10, 2021 | December 29, 2021 | 0.30 | |||||||||||||||||||||||||
December 31, 2021 | December 8, 2021 | December 10, 2021 | December 29, 2021 | 0.10 | (2) | ||||||||||||||||||||||||
March 31, 2022 | April 28, 2022 | May 13, 2022 | May 19, 2022 | 0.33 | |||||||||||||||||||||||||
Total cash distributions | $ | 2.22 |
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 | $ | 7,341 | $ | (3,030) | $ | 4,311 | Up 300 basis points | $ | 8,149 | $ | (3,750) | $ | 4,399 | ||||||||||||||||||||||||||
Up 200 basis points | Up 200 basis points | $ | 4,856 | $ | (2,020) | $ | 2,836 | Up 200 basis points | $ | 5,419 | $ | (2,500) | $ | 2,919 | ||||||||||||||||||||||||||
Up 100 basis points | Up 100 basis points | $ | 2,422 | $ | (1,010) | $ | 1,412 | Up 100 basis points | $ | 2,689 | $ | (1,250) | $ | 1,439 | ||||||||||||||||||||||||||
Up 50 basis points | Up 50 basis points | $ | 1,211 | $ | (505) | $ | 706 | Up 50 basis points | $ | 1,328 | $ | (625) | $ | 703 | ||||||||||||||||||||||||||
Down 50 basis points | Down 50 basis points | $ | (605) | $ | 466 | $ | (139) | Down 50 basis points | $ | (1,339) | $ | 625 | $ | (714) | ||||||||||||||||||||||||||
Down 100 basis points | Down 100 basis points | $ | (605) | $ | 466 | $ | (139) | Down 100 basis points | $ | (2,672) | $ | 1,250 | $ | (1,422) | ||||||||||||||||||||||||||
Down 200 basis points | Down 200 basis points | $ | (605) | $ | 466 | $ | (139) | Down 200 basis points | $ | (3,945) | $ | 1,372 | $ | (2,573) | ||||||||||||||||||||||||||
Down 300 basis points | Down 300 basis points | $ | (605) | $ | 466 | $ | (139) | Down 300 basis points | $ | (3,945) | $ | 1,372 | $ | (2,573) |
3.1 | |||||
3.2 | |||||
3.3 | Bylaws(3) | ||||
10.1 | |||||
10.2 | |||||
31.1 | |||||
31.2 | |||||
32.1 | |||||
32.2 | |||||
TriplePoint Private Venture Credit Inc. | ||||||||||||||
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) |