Triplepoint Venture Growth BDC Corp (TPVG) - Net Assets
Based on the latest financial reports, Triplepoint Venture Growth BDC Corp (TPVG) has net assets worth $350.98 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($807.09 Million) and total liabilities ($456.11 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Triplepoint Venture Growth BDC Corp (TPVG) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $350.98 Million |
| % of Total Assets | 43.49% |
| Annual Growth Rate | 109.3% |
| 5-Year Change | -18.61% |
| 10-Year Change | 63.82% |
| Growth Volatility | 80045.62 |
Triplepoint Venture Growth BDC Corp - Net Assets Trend (2013–2025)
This chart illustrates how Triplepoint Venture Growth BDC Corp's net assets have evolved over time, based on quarterly financial data. See Triplepoint Venture Growth BDC Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Triplepoint Venture Growth BDC Corp (2013–2025)
The table below shows the annual net assets of Triplepoint Venture Growth BDC Corp from 2013 to 2025. For live valuation and market cap data, see TPVG market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $353.62 Million | +2.30% |
| 2024-12-31 | $345.69 Million | -0.18% |
| 2023-12-31 | $346.31 Million | -17.53% |
| 2022-12-31 | $419.94 Million | -3.35% |
| 2021-12-31 | $434.49 Million | +8.50% |
| 2020-12-31 | $400.44 Million | +14.94% |
| 2019-12-31 | $348.39 Million | +4.14% |
| 2018-12-31 | $334.53 Million | +42.39% |
| 2017-12-31 | $234.94 Million | +8.84% |
| 2016-12-31 | $215.86 Million | -6.81% |
| 2015-12-31 | $231.65 Million | +59.78% |
| 2014-12-31 | $144.98 Million | +289626.22% |
| 2013-12-31 | $50.04K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Triplepoint Venture Growth BDC Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 16118300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $405.00K | 0.11% |
| Other Components | $514.40 Million | 145.47% |
| Total Equity | $353.62 Million | 100.00% |
Triplepoint Venture Growth BDC Corp Competitors by Market Cap
The table below lists competitors of Triplepoint Venture Growth BDC Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
029 GROUP SE INH O.N.
XETRA:Z29
|
$203.00 Million |
|
Hi-Tech Pipes Limited
NSE:HITECH
|
$203.00 Million |
|
Asia Cement
KO:002030
|
$203.01 Million |
|
ALTEO ENERG.NYIL M.UF125
F:54O
|
$203.02 Million |
|
Principal Capital Public Company Limited
BK:PRINC
|
$202.99 Million |
|
DUKSAN TECHOPIA Co.Ltd
KQ:317330
|
$202.94 Million |
|
Tong Ming Enterprise Co Ltd
TW:5538
|
$202.85 Million |
|
Suzhou Harmontronics Auto Tech Co Ltd
SHG:688022
|
$202.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Triplepoint Venture Growth BDC Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 345,687,000 to 353,621,000, a change of 7,934,000 (2.3%).
- Net income of 49,207,000 contributed positively to equity growth.
- Dividend payments of 41,273,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $49.21 Million | +13.92% |
| Dividends Paid | $41.27 Million | -11.67% |
| Total Change | $- | 2.30% |
Book Value vs Market Value Analysis
This analysis compares Triplepoint Venture Growth BDC Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.57x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.34x to 0.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $14.69 | $5.00 | x |
| 2015-12-31 | $15.40 | $5.00 | x |
| 2016-12-31 | $13.36 | $5.00 | x |
| 2017-12-31 | $14.39 | $5.00 | x |
| 2018-12-31 | $16.33 | $5.00 | x |
| 2019-12-31 | $14.02 | $5.00 | x |
| 2020-12-31 | $13.10 | $5.00 | x |
| 2021-12-31 | $14.04 | $5.00 | x |
| 2022-12-31 | $12.85 | $5.00 | x |
| 2023-12-31 | $9.70 | $5.00 | x |
| 2024-12-31 | $8.84 | $5.00 | x |
| 2025-12-31 | $8.78 | $5.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Triplepoint Venture Growth BDC Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.62%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.37x
- Recent ROE (13.92%) is above the historical average (7.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.83% | 57.28% | 0.09x | 2.25x | $2.65 Million |
| 2015 | 6.70% | 68.87% | 0.06x | 1.65x | $-7.64 Million |
| 2016 | 5.15% | 47.45% | 0.05x | 2.01x | $-10.46 Million |
| 2017 | 8.18% | 57.05% | 0.07x | 2.17x | $-4.27 Million |
| 2018 | 10.93% | 88.05% | 0.09x | 1.40x | $3.11 Million |
| 2019 | 9.12% | 79.00% | 0.06x | 1.96x | $-3.08 Million |
| 2020 | 8.82% | 84.06% | 0.06x | 1.71x | $-4.74 Million |
| 2021 | 17.62% | 91.83% | 0.09x | 2.14x | $33.11 Million |
| 2022 | -4.78% | -149.83% | 0.01x | 2.42x | $-62.06 Million |
| 2023 | -11.50% | -667.02% | 0.01x | 2.83x | $-74.45 Million |
| 2024 | 9.27% | 45.02% | 0.09x | 2.21x | $-2.52 Million |
| 2025 | 13.92% | 50.62% | 0.12x | 2.37x | $13.84 Million |
Industry Comparison
This section compares Triplepoint Venture Growth BDC Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,682,064,627
- Average return on equity (ROE) among peers: -32.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Triplepoint Venture Growth BDC Corp (TPVG) | $350.98 Million | 11.83% | 1.30x | $202.99 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.62 Billion | 23.79% | 0.00x | $3.27 Billion |
| Associated Capital Group Inc (AC) | $1.14 Billion | 5.20% | 0.06x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $477.47 Million | 10.91% | 0.11x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $481.93K | -226.09% | 0.20x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $296.12 Million |
| Affiliated Managers Group Inc (AMG) | $5.39 Billion | 12.79% | 0.61x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $7.29 Billion | 9.95% | 10.74x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $33.87 Million | -5.16% | 13.38x | $40.58 Million |
About Triplepoint Venture Growth BDC Corp
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-co… Read more