![]() ![]() This includes PillPack, which was bought by Amazon ( AMZN), as well as cybersecurity firm CrowdStrike ( CRWD), cloud infrastructure company, Nutanix ( NTNX), and database management provider, MongoDB ( MDB). At present, it has an investment portfolio with a fair value of $870 million consisting primarily (90%) of debt investments, followed by warrants and equity, which each comprise 5% of the portfolio.Īmong TPVG's past investments include a number of companies that are either now public or have been acquired by public companies. TriplePoint Venture Growth is an externally-managed BDC that invests in debt financing for venture capital-backed companies in high-growth sectors. ![]() While TPVG's 15% dividend yield is certainly attractive, in this article, I discuss why I'm getting more cautious around the name until the picture brightens, so let's get started. TPVG's stock price has slid by 9% since then, with the market pricing in more risk on the potential for a recession. This brings me to TriplePoint Venture Growth ( NYSE: TPVG), which I last covered here back in August with a 'Buy' rating, highlighting its high portfolio yield on investments. With these types of investments, a high yield speeds up the payback period, in which an investor potentially realizes the value of their principal faster than they would with low-yielding alternatives on the market. However, certain industries such as REITs, BDCs, and MLPs are designed for high yield due to tax advantages at the corporate level. Many investors will shy away from high yield, and this may be warranted for some companies, as an elevated yield is a sign of a company in distress.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |