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( SH T Net Increase in Net Assets of $ 0.38 Per Share Record Level of Investment Funding Capacity Resulting from Successful Debt Raises DECLARES SECOND QUARTER 2021 DISTRIBUTION OF $ 0.36 PER SHARE Menlo Park , Calif . , May 5 , 2021 - TriplePoint Venture Growth BDC Corp. ( NYSE : TPVG ) ( the " Company , " " TPVG , " " we , " " us , " or " our " ) , the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries , today announced its financial results for the first quarter ended March 31 , 2021 and the declaration by its Board of Directors of its second quarter 2021 distribution of $ 0.36 per share . . TRIPLE POINT VENTURE GROWTH First Quarter 2021 Highlights Signed $ 192.2 million of term sheets with venture growth stage companies at TriplePoint Capital LLC ( " TPC " ) , and TPVG closed $ 90.4 million of new debt commitments to venture growth stage companies ; Funded $ 56.9 million in debt investments to seven portfolio companies with a 12.6 % weighted average annualized portfolio yield at origination ; Funded $ 2.3 million in direct equity investments in private rounds of financing to four portfolio companies ; Achieved a 13.3 % weighted average annualized portfolio yield on total debt investments for the quarter ; Increased net asset value to $ 401.8 million , or $ 13.00 per share , at March 31 , 2021 ; Received $ 36.0 million of principal prepayments and $ 15.1 million of scheduled amortization and repayments ; Earned net investment income of $ 8.9 million , or $ 0.29 per share , and net increase in net assets of $ 11.9 million , or $ 0.38 per share ; ■ TriplePoint Venture Growth BDC Corp. Announces First Quarter 2021 Financial Results ■ Increased revolving credit facility ( " Credit Facility " ) capacity to $ 350 million from $ 325 million ; Raised $ 200 million in aggregate principal amount from the private issuance of 4.50 % institutional notes due 2026 and used a portion of the proceeds to redeem all of TPVG's outstanding 5.75 % fixed - rate notes due 2022 ( the " 2022 Notes " ) on April 5 , 2021 ; TPVG portfolio companies Hims & Hers , Inc. ( fka Hims , Inc. ) and View , Inc. closed their SPAC mergers and GROOP Internet Platform , Inc. ( d / b / a Talkspace ) and Live Learning Technologies LLC ( fka Varsity Tutors LLC ) announced plans to go public through SPAC mergers ; Ten portfolio companies raised in the aggregate over $ 700 million of capital in private rounds of financing during the quarter ; Realized a 9.0 % return on average equity , based on net investment income during the quarter ; Ended the quarter with a 0.86x leverage ratio ; Declared a second quarter distribution of $ 0.36 per share , payable on June 30 , 2021 ; bringing total declared distributions to $ 10.78 per share since the Company's initial public offering ; Estimated undistributed taxable earnings from net investment income and realized gains of $ 14.0 million , or $ 0.45 per share , as of March 31 , 2021 ; and Portfolio company exit and liquidity events subsequent to the first quarter include : TPVG portfolio companies Sonder , Inc. and Enjoy , Inc. announced plans to go public through SPAC mergers . " The venture capital ecosystem demonstrated its resilience during 2020 and is off to a robust start in 2021 , " said Jim Labe , chairman and chief executive officer of TPVG . " The strong investment activity environment enhances the outlook and credit quality of our existing portfolio companies in addition to driving demand for debt financings from new companies , enabling us to achieve our portfolio growth goals over the course of the year . " " During the first quarter , we executed on our playbook to diversify our funding sources , lower our cost of capital , and strengthen our funding capabilities , " said Sajal Srivastava , president and chief investment officer of the Company . " Upsizing our credit facility and completing our second investment grade notes offering will enable us to meet the increasing demand from venture growth stage companies and prudently grow our portfolio in 2021. " 1