TriplePoint Venture Growth BDC Corp. Maintains Investment Grade Rating and Stable Outlook

Morningstar DBRS affirms BBB (low) rating for leading venture capital-focused BDC

Apr. 7, 2026 at 4:04am

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An extreme close-up photograph of heavy, industrial banking equipment and machinery in muted tones of steel grey, silver, and black, conveying a sense of institutional solidity and financial infrastructure.The reaffirmation of TriplePoint Venture Growth BDC Corp.'s investment grade rating reflects the company's robust financial operations and ability to support the growth of innovative venture-backed businesses.Menlo Park Today

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG), a leading provider of financing to venture growth stage companies, announced that Morningstar DBRS has confirmed the company's investment grade Long-Term Issuer Rating and Long-Term Senior Debt Rating of BBB (low) with a Stable outlook. The rating reflects TPVG's established franchise, sustained operating performance, resilient earnings, stable asset-level credit, funding capabilities, and improved capitalization.

Why it matters

The investment grade credit rating from Morningstar DBRS is an important validation of TPVG's business model and financial strength. As a business development company focused on venture capital-backed tech and high-growth companies, maintaining a strong credit profile is crucial for accessing capital markets and supporting the firm's long-term growth and shareholder value.

The details

Morningstar DBRS cited several factors in its decision to confirm TPVG's BBB (low) rating, including the company's established franchise, sustained operating performance, resilient earnings, stable asset-level credit, funding capabilities, and improved capitalization. The stable outlook reflects DBRS's expectation that TPVG will continue to reposition its investment portfolio and further diversify its industry and portfolio concentrations.

  • Morningstar DBRS issued the rating confirmation on April 6, 2026.

The players

TriplePoint Venture Growth BDC Corp.

A business development company that provides customized debt financing and direct equity investments to venture growth stage companies in technology and other high growth industries.

Morningstar DBRS

A credit rating agency that has confirmed TriplePoint Venture Growth BDC Corp.'s investment grade Long-Term Issuer Rating and Long-Term Senior Debt Rating of BBB (low) with a Stable outlook.

Mike L. Wilhelms

Chief Financial Officer of TriplePoint Venture Growth BDC Corp.

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What they’re saying

“We are pleased that Morningstar DBRS reaffirmed our investment grade rating and stable outlook, which reflects the strength of our platform.”

— Mike L. Wilhelms, Chief Financial Officer

What’s next

TPVG will continue to focus on further diversifying its investment portfolio, enhancing earnings power, and maintaining a prudent balance sheet to support long-term shareholder value.

The takeaway

The reaffirmation of TriplePoint Venture Growth BDC Corp.'s investment grade rating from Morningstar DBRS underscores the company's financial strength and stability as a leading provider of venture capital financing, positioning it well to support the growth of high-potential tech and other innovative companies.