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( : H T Achieves New Record for Portfolio Fair Value of $ 767 Million and Highest Quarterly Increase in Net Asset Value Per Share of $ 0.89 to $ 13.92 DECLARES FOURTH QUARTER 2021 DISTRIBUTION OF $ 0.36 PER SHARE Menlo Park , Calif . , November 3 , 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 third quarter ended September 30 , 2021 and the declaration by its Board of Directors of its fourth quarter 2021 distribution of $ 0.36 per share . ■ Third Quarter 2021 Highlights Signed $ 303.5 million of term sheets with venture growth stage companies at TriplePoint Capital LLC ( " TPC " ) and TPVG closed $ 116.3 million of new debt commitments to venture growth stage companies ; Funded $ 117.0 million in debt investments to 15 portfolio companies with a 12.8 % weighted average annualized portfolio yield at origination ; Achieved a 12.3 % weighted average annualized portfolio yield on total debt investments for the quarter ; Increased net asset value to $ 431.4 million , or $ 13.92 per share , as of September 30 , 2021 , an increase of 7.0 % from prior quarter ; TPVG portfolio companies Forge Rock , Inc. and Toast , Inc. successfully completed initial public offerings , and Nerdy Inc. ( f / k / a Varsity Tutors LLC ) closed its SPAC merger ; Earned net investment income of $ 9.9 million , or $ 0.32 per share , up from $ 9.4 million , or $ 0.30 per share , for the prior quarter ; Generated a record $ 29.0 million of net realized and unrealized gains , resulting in a net increase in net assets resulting from operations of $ 38.9 million , or $ 1.26 per share ; ■ ■ TRIPLE POINT VENTURE GROWTH TriplePoint Venture Growth BDC Corp. Announces Third Quarter 2021 Financial Results ■ ■ Year to Date 2021 Highlights Earned net investment income of $ 28.2 million , or $ 0.91 per share , had a net increase in net assets resulting from operations of $ 62.7 million , or $ 2.03 per share , and increased net asset value by $ 0.95 per share ; Paid distributions of $ 1.08 per share ; Signed $ 746.5 million of term sheets with venture growth stage companies at TPC and TPVG closed $ 309.2 million of new debt commitments to venture growth stage companies ; Funded $ 249.9 million in debt investments to 23 portfolio companies with a 12.9 % weighted average annualized portfolio yield at origination ; Funded $ 3.7 million in direct equity investments in private rounds of financing to 11 portfolio companies ; Achieved a 13.2 % weighted average annualized portfolio yield on total debt investments ; Increased revolving credit facility ( " Credit Facility " ) capacity to $ 350 million from $ 325 million ; Debt investment portfolio weighted average investment ranking of 1.94 as of quarter's end ; Realized a 9.8 % return on average equity , based on net investment income during the quarter ; Held debt investments in 40 portfolio companies , an increase of 17.6 % from the prior quarter , warrants in 71 portfolio companies and equity investments in 34 portfolio companies as of September 30 , 2021 ; Ended the quarter with a 0.82x leverage ratio ; and Declared a fourth quarter distribution of $ 0.36 per share , payable on December 15 , 2021 ; bringing total declared distributions to $ 11.50 per share since the Company's initial public offering . In April , DBRS confirmed TPVG's investment grade rating , BBB Long - Term Issuer rating , with a stable trend outlook ; Raised $ 200 million in aggregate principal amount from the private issuance of 4.50 % institutional notes due 2026 ( the " 2026 Notes " ) and used a portion of the proceeds to redeem all of TPVG's 5.75 % notes due 2022 ; Six TPVG portfolio companies completed initial public offerings and closed SPAC mergers , and five TPVG portfolio companies announced plans to go public through SPAC mergers ; and Estimated undistributed taxable earnings from net investment income and realized gains of $ 8.0 million , or $ 0.26 per share , as of September 30 , 2021 . 1