Record Debt Commitments and Fundings
TPVG experienced its highest level of debt commitments and fundings since 2022, with Q3 fundings significantly exceeding guided range and reaching the highest level in 11 quarters.
Growth in Venture Capital Market
Investment activity rose, with venture capital deal activity increasing due to momentum in the AI space. AI investments accounted for more than 2/3 of the venture deal value last quarter.
Increase in NAV and Dividend Coverage
TPVG covered its dividend for the quarter and increased its NAV, marking a quarter of growth and increased investment activity.
Positive Developments in Equity and Warrant Portfolio
TPVG holds warrants in 112 companies and equity investments in 53 companies, with a total fair value of $134 million, up from $127 million in Q2.
AI Sector Focus and Investment
TPVG is actively lending across the AI sector, providing non-dilutive growth capital to high-growth companies in capital-intensive markets.