Market Overview

TriplePoint Venture Growth BDC Corp. Announces Public Offering and Concurrent Private Placement of Common Stock


TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company") today
announced that it has commenced an underwritten offering of 6,000,000
shares of its common stock (the "Public Offering"). In connection with
the proposed Public Offering, the Company intends to grant the
underwriters for the offering an option to purchase up to an additional
900,000 shares of the Company's common stock.

The Company also announced that, concurrently with the proposed Public
Offering, it has agreed to sell 200,000 shares of common stock through a
private placement to certain affiliates of Colony Capital, Inc. (the
"Colony Private Placement"). Additionally certain accounts managed by
Goldman Sachs Asset Management, L.P. are required to purchase 200,000
shares pursuant to a prior agreement with the Company (such purchase,
together with the Colony Private Placement, the "Private Placements").
The issuance of shares in the Private Placements are subject to, and
contingent upon, the issuance of shares in the proposed Public Offering.
The proposed Private Placements will be exempt from the registration
requirements of the Securities Act of 1933, as amended (the "Securities
Act"), pursuant to Section 4(a)(2) thereof.

The Company expects to use the net proceeds from the proposed Public
Offering and Private Placements to make new investments in accordance
with its investment objective and strategies and for general working
capital purposes.

Morgan Stanley, Wells Fargo Securities, Goldman Sachs & Co. LLC, J.P.
Morgan and Keefe, Bruyette & Woods, A Stifel Company, are
acting as joint book-running managers for the proposed Public Offering.
Deutsche Bank Securities is acting as lead manager for the proposed
Public Offering.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in this offering or any
other securities nor will there be any sale of these securities or any
other securities referred to in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of
such state or jurisdiction.

A shelf registration statement relating to the securities to be
issued in the proposed Public Offering is on file with and has been
declared effective by the Securities and Exchange Commission (the
"SEC"). The proposed Public Offering may be made only by means of a
prospectus and a related prospectus supplement, copies of which may be
obtained, when available, from any of the following investment banks:
Morgan Stanley & Co. LLC - Attn: Prospectus Department - 180 Varick
Street, 2nd Floor - New York, NY 10014; Wells Fargo Securities, LLC,
Attention: Equity Syndicate at 375 Park Avenue, New York, NY 10152-4077,
or by calling (800) 326-5897, or by email:;
Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New
York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by
J.P. Morgan, Attention: Prospectus Department, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by
calling toll-free at (866) 803-9204; or Keefe, Bruyette & Woods, Inc.,
Attn: Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019,

telephone: 1-800-966-1559.

The preliminary prospectus supplement, dated August 6, 2018, and
accompanying prospectus, dated May 14, 2018, each of which has been
filed with the SEC, contain a description of these matters and other
important information about the
 Company and should be read
carefully before investing. Investors are advised to carefully consider
the investment objectives, risks and charges and expenses of the Company
before investing.

The securities to be sold in the Private Placements have not been
registered under the Securities Act, or any applicable state securities
laws. The securities to be issued in the Private Placements may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act.

About TriplePoint Venture Growth BDC Corp.

The Company serves as the primary financing source for the venture
growth stage business segment of TriplePoint Capital LLC, the leading
global provider of financing across all stages of development to
technology, life sciences and other high growth companies backed by a
select group of venture capital firms. The Company's investment
objective is to maximize its total return to stockholders primarily in
the form of current income and, to a lesser extent, capital appreciation
by primarily lending with warrants to venture growth stage companies.
The Company is an externally managed, closed-end, non-diversified
management investment company that has elected to be regulated as a
business development company under the Investment Company Act of 1940,
as amended.

Forward-Looking Statements

Certain statements contained in this press release constitute
forward-looking statements, including statements with regard to the
Company's securities offering and the anticipated use of net proceeds of
the offering. Forward-looking statements are not guarantees of future
performance, condition or results and involve a number of substantial
risks and uncertainties, many of which are difficult to predict and are
generally beyond the Company's control. Words such as "anticipates,"
"expects," "intends," "plans," "will," "may," "continue," "believes,"
"seeks," "estimates," "would," "could," "should," "targets," "projects,"
and variations of these words and similar expressions are intended to
identify forward-looking statements. Actual results may differ
materially from those in the forward-looking statements as a result of a
number of factors, including those described from time to time in the
Company's filings with the SEC, including the final prospectus
supplement that will be filed with the SEC in connection with the
proposed Public Offering. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by law.

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