Market Overview

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

Share:

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company") today
announced that it has priced an underwritten offering of 6,000,000
shares of its common stock (the "Public Offering") resulting in net
proceeds exclusive of offering expenses to the Company of approximately
$82.2 million, or $13.70 per share. The Company's investment adviser has
agreed to bear all of the sales load and to pay to the underwriters an
additional supplemental payment of approximately $0.04 per share (the
"Supplemental Payment"), which reflects the difference between the
public offering price of $13.66 per share (the "Public Offering Price")
and the proceeds per share received by the Company in this offering. In
connection with the Public Offering, the Company has granted the
underwriters for the offering an option to purchase up to an additional
900,000 shares of the Company's common stock.

Concurrently with the Public Offering, the Company has agreed to sell
200,000 shares of common stock at the Public Offering Price through a
private placement to certain managed investment vehicles 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 of common stock at the Public Offering Price
pursuant to a prior agreement with the Company (such purchase, together
with the Colony Private Placement, the "Private Placements"). The
Company's investment adviser has agreed to pay to the Company the per
share Supplemental Payment in connection with the Private Placements.
The issuance of shares in the Private Placements is subject to, and
contingent upon, the issuance of shares in the Public Offering. The
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 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 Public Offering.
Deutsche Bank Securities and Compass Point are acting as lead managers
for the Public Offering. Janney Montgomery Scott LLC and Ladenburg
Thalmann are acting as co-managers for the 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 Public Offering is on file with and has been declared
effective by the Securities and Exchange Commission (the "SEC"). The
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:
cmclientsupport@wellsfargo.com;
Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New
York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by
emailing
Prospectus-ny@ny.email.gs.com;
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 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.

View Comments and Join the Discussion!