false000158034512/312025Q3http://fasb.org/us-gaap/2025#PrimeRateMemberhttp://fasb.org/us-gaap/2025#InterestExpenseOperatinghttp://fasb.org/us-gaap/2025#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2025#UnrealizedGainLossOnInvestmentshttp://fasb.org/us-gaap/2025#InterestIncomeOperatingPaidInKindhttp://fasb.org/us-gaap/2025#UnrealizedGainLossOnInvestmentshttp://fasb.org/us-gaap/2025#InterestExpenseOperatinghttp://fasb.org/us-gaap/2025#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2025#UnrealizedGainLossOnInvestmentshttp://fasb.org/us-gaap/2025#InterestIncomeOperatingPaidInKindhttp://fasb.org/us-gaap/2025#UnrealizedGainLossOnInvestmentshttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember1xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:puretpvg:investmenttpvg:companytpvg:componenttpvg:segment00015803452025-01-012025-09-3000015803452025-11-0400015803452025-09-3000015803452024-12-310001580345tpvg:A2025NotesMember2025-09-300001580345tpvg:A2025NotesMember2024-12-310001580345tpvg:A2026NotesMember2025-09-300001580345tpvg:A2026NotesMember2024-12-310001580345tpvg:A2027NotesMember2025-09-300001580345tpvg:A2027NotesMember2024-12-310001580345tpvg:A2028NotesMember2025-09-300001580345tpvg:A2028NotesMember2024-12-3100015803452025-07-012025-09-3000015803452024-07-012024-09-3000015803452024-01-012024-09-300001580345us-gaap:CommonStockMember2024-06-300001580345us-gaap:AdditionalPaidInCapitalMember2024-06-300001580345us-gaap:RetainedEarningsMember2024-06-3000015803452024-06-300001580345us-gaap:RetainedEarningsMember2024-07-012024-09-300001580345us-gaap:CommonStockMember2024-07-012024-09-300001580345us-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300001580345us-gaap:CommonStockMember2024-09-300001580345us-gaap:AdditionalPaidInCapitalMember2024-09-300001580345us-gaap:RetainedEarningsMember2024-09-3000015803452024-09-300001580345us-gaap:CommonStockMember2025-06-300001580345us-gaap:AdditionalPaidInCapitalMember2025-06-300001580345us-gaap:RetainedEarningsMember2025-06-3000015803452025-06-300001580345us-gaap:RetainedEarningsMember2025-07-012025-09-300001580345us-gaap:CommonStockMember2025-07-012025-09-300001580345us-gaap:AdditionalPaidInCapitalMember2025-07-012025-09-300001580345us-gaap:CommonStockMember2025-09-300001580345us-gaap:AdditionalPaidInCapitalMember2025-09-300001580345us-gaap:RetainedEarningsMember2025-09-300001580345us-gaap:CommonStockMember2023-12-310001580345us-gaap:AdditionalPaidInCapitalMember2023-12-310001580345us-gaap:RetainedEarningsMember2023-12-3100015803452023-12-310001580345us-gaap:RetainedEarningsMember2024-01-012024-09-300001580345us-gaap:CommonStockMember2024-01-012024-09-300001580345us-gaap:AdditionalPaidInCapitalMember2024-01-012024-09-300001580345us-gaap:CommonStockMember2024-12-310001580345us-gaap:AdditionalPaidInCapitalMember2024-12-310001580345us-gaap:RetainedEarningsMember2024-12-310001580345us-gaap:RetainedEarningsMember2025-01-012025-09-300001580345us-gaap:CommonStockMember2025-01-012025-09-300001580345us-gaap:AdditionalPaidInCapitalMember2025-01-012025-09-300001580345tpvg:A2028NotesMember2025-01-012025-09-300001580345tpvg:A2028NotesMember2024-01-012024-09-300001580345tpvg:A2025NotesMember2025-01-012025-09-300001580345tpvg:A2025NotesMember2024-01-012024-09-300001580345Parry Labs, LLC 12025-09-300001580345Parry Labs, LLC 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:AerospaceAndDefenseMember2025-09-300001580345Arcadia Power, Inc. 12025-09-300001580345Arcadia Power, Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:BusinessApplicationsSoftwareMembertpvg:ArcadiaPowerIncMember2025-09-300001580345FlashParking, Inc.2025-09-300001580345Farmer's Business Network, Inc.2025-09-300001580345NewStore Inc.2025-09-300001580345Radar Labs, Inc.2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:BusinessApplicationsSoftwareMember2025-09-300001580345Equafin Corp.2025-09-300001580345Muon Space, Inc.2025-09-300001580345Muon Space, Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:BusinessProductsAndServicesMembertpvg:MuonSpaceInc.Member2025-09-300001580345Quick Commerce Ltd 12025-09-300001580345Quick Commerce Ltd 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:BusinessProductsAndServicesMembertpvg:QuickCommerceLtdMember2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:BusinessProductsAndServicesMember2025-09-300001580345Ao1 Holdings, Inc.2025-09-300001580345Bitonic Technology Labs, Inc.2025-09-300001580345Forum Brands, LLC 12025-09-300001580345Forum Brands, LLC 22025-09-300001580345Forum Brands, LLC 32025-09-300001580345Forum Brands, LLC 42025-09-300001580345Forum Brands, LLC 52025-09-300001580345tpvg:DebtInvestmentsMembertpvg:BusinessProductivitySoftwareMembertpvg:ForumBrandsLLCMember2025-09-300001580345PlanHub, Inc.2025-09-300001580345Total Expert Inc.2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:BusinessProductivitySoftwareMember2025-09-300001580345Don't Run Out, Inc. 12025-09-300001580345Don't Run Out, Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerNonDurablesMember2025-09-300001580345Fiton Inc. 12025-09-300001580345Fiton Inc. 22025-09-300001580345Fiton Inc. 32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:FitOnInc.Member2025-09-300001580345Flink SE 12025-09-300001580345Flink SE 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:FlinkSEMember2025-09-300001580345Frubana Inc.12025-09-300001580345Frubana Inc.22025-09-300001580345Frubana Inc.32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:FrubanaIncMember2025-09-300001580345Hydrow, Inc. 12025-09-300001580345Hydrow, Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:HydrowIncMember2025-09-300001580345JOKR S.à r.l. 12025-09-300001580345JOKR S.à r.l. 22025-09-300001580345JOKR S.à r.l. 32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:JOKRSaRlMember2025-09-300001580345Nakdcom One World AB 12025-09-300001580345Nakdcom One World AB 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:NakdcomOneWorldABMember2025-09-300001580345Project 1920, Inc. 12025-09-300001580345Project 1920, Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:Project1920IncMember2025-09-300001580345MA Micro Limited 12025-09-300001580345MA Micro Limited 22025-09-300001580345MA Micro Limited 32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:MAMicroLimitedMember2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMember2025-09-300001580345Simpplr Inc.2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:CommunicationSoftwareMember2025-09-300001580345Savage X, Inc. 12025-09-300001580345Savage X, Inc. 22025-09-300001580345Savage X, Inc. 32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ConsumerRetailMember2025-09-300001580345TetraScience, Inc.2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:DatabaseSoftwareMember2025-09-300001580345FabFitFun, Inc.2025-09-300001580345Fabletics, Inc.2025-09-300001580345Minted, Inc. 12025-09-300001580345Minted, Inc. 22025-09-300001580345Minted, Inc. 32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:MintedIncMember2025-09-300001580345 Outfittery GMBH 12025-09-300001580345Outfittery GMBH 22025-09-300001580345Outfittery GMBH 32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:OutfitteryGMBHMember2025-09-300001580345Trendly, Inc. 12025-09-300001580345Trendly, Inc. 22025-09-300001580345Trendly, Inc. 32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:TrendlyIncMember2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMember2025-09-300001580345Panorama Education, Inc. 12025-09-300001580345Panorama Education, Inc. 22025-09-300001580345Panorama Education, Inc. 32025-09-300001580345Panorama Education, Inc. 42025-09-300001580345tpvg:DebtInvestmentsMembertpvg:EducationalTrainingSoftwareMember2025-09-300001580345Luminary Roli Limited2025-09-300001580345Mind Candy Limited 12025-09-300001580345Mind Candy Limited 22025-09-300001580345Mind Candy Limited 32025-09-300001580345tpvg:DebtInvestmentsMemberus-gaap:EntertainmentSectorMembertpvg:MindCandyLimitedMember2025-09-300001580345tpvg:DebtInvestmentsMemberus-gaap:EntertainmentSectorMember2025-09-300001580345Prodigy Investments Limited2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:FinancialInstitutionAndServicesMember2025-09-300001580345Branch Messenger, Inc.2025-09-300001580345Ocrolus, Inc. 12025-09-300001580345Ocrolus, Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:FinancialSoftwareMembertpvg:OcrolusInc.Member2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:FinancialSoftwareMember2025-09-300001580345Kalderos, Inc.2025-09-300001580345K Health, Inc.2025-09-300001580345Thirty Madison, Inc. 12025-09-300001580345Thirty Madison, Inc. 22025-09-300001580345Thirty Madison, Inc. 32025-09-300001580345tpvg:DebtInvestmentsMembertpvg:HealthcareTechnologySystemsMembertpvg:ThirtyMadisonInc.Member2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:HealthcareTechnologySystemsMember2025-09-300001580345Infinite Athlete, Inc. (f/k/a Tempus Ex Machina, Inc.) 12025-09-300001580345Infinite Athlete, Inc. (f/k/a Tempus Ex Machina, Inc.) 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:InformationServicesB2CMember2025-09-300001580345Bestow Inc. 12025-09-300001580345Bestow Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:InsuranceMember2025-09-300001580345Hover Inc. 12025-09-300001580345Hover Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:MultimediaAndDesignSoftwareMember2025-09-300001580345Jerry Services, Inc. 12025-09-300001580345Jerry Services, Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:OtherFinancialServicesMembertpvg:JerryServicesIncMember2025-09-300001580345Monzo Bank Limited2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:OtherFinancialServicesMember2025-09-300001580345Homeward, Inc.2025-09-300001580345True Footage Inc. 12025-09-300001580345True Footage Inc. 22025-09-300001580345True Footage Inc. 32025-09-300001580345True Footage Inc. 42025-09-300001580345True Footage Inc. 52025-09-300001580345True Footage Inc. 62025-09-300001580345True Footage Inc. 72025-09-300001580345True Footage Inc. 82025-09-300001580345True Footage Inc. 92025-09-300001580345True Footage Inc. 102025-09-300001580345True Footage Inc. 112025-09-300001580345True Footage Inc. 122025-09-300001580345True Footage Inc. 132025-09-300001580345True Footage Inc. 142025-09-300001580345True Footage Inc. 152025-09-300001580345True Footage Inc. 162025-09-300001580345True Footage Inc. 172025-09-300001580345True Footage Inc. 182025-09-300001580345True Footage Inc. 192025-09-300001580345True Footage Inc. 202025-09-300001580345True Footage Inc. 212025-09-300001580345True Footage Inc. 222025-09-300001580345True Footage Inc. 232025-09-300001580345tpvg:DebtInvestmentsMembertpvg:RealEstateServicesMembertpvg:TrueFootageIncMember2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:RealEstateServicesMember2025-09-300001580345Etched.AI, Inc.2025-09-300001580345tpvg:DebtInvestmentsMembertpvg:SemiconductorsMember2025-09-300001580345Moda Operandi, Inc. 12025-09-300001580345Moda Operandi, Inc. 22025-09-300001580345tpvg:DebtInvestmentsMembertpvg:ShoppingFacilitatorsMember2025-09-300001580345tpvg:DebtInvestmentsMember2025-09-300001580345InMobi Pte Ltd., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:AdvertisingMarketingMember2025-09-300001580345Loft Orbital Solutions Inc., Warrant Investments2025-09-300001580345Parry Labs, LLC, Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:AerospaceAndDefenseMember2025-09-300001580345Flo Health, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ApplicationSoftwareMember2025-09-300001580345Arcadia Power, Inc., Warrant Investments 12025-09-300001580345Arcadia Power, Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:BusinessApplicationsSoftwareMembertpvg:ArcadiaPowerIncMember2025-09-300001580345Cresta Intelligence, Inc., Warrant Investments2025-09-300001580345DialPad, Inc., Warrant Investments2025-09-300001580345Envoy, Inc., Warrant Investments2025-09-300001580345Farmer's Business Network, Inc., Warrant Investments2025-09-300001580345Filevine, Inc., Warrant Investments2025-09-300001580345FlashParking, Inc., Warrant Investments 12025-09-300001580345FlashParking, Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:BusinessApplicationsSoftwareMembertpvg:FlashParkingIncMember2025-09-300001580345Narvar, Inc., Warrant Investments2025-09-300001580345NewStore Inc., Warrant Investments2025-09-300001580345Passport Labs, Inc., Warrant Investments2025-09-300001580345Project Affinity, Inc., Warrant Investments2025-09-300001580345Quantcast Corporation, Warrant Investments2025-09-300001580345Uniphore Technologies Inc., Warrant Investments2025-09-300001580345Radar Labs, Inc. , Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:BusinessApplicationsSoftwareMember2025-09-300001580345Cart.com, Inc., Warrant Investments 12025-09-300001580345Cart.com, Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:BusinessProductsAndServicesMembertpvg:CartcomIncMember2025-09-300001580345Equafin Corp., Warrant Investments2025-09-300001580345LeoLabs, Inc., Warrant Investments2025-09-300001580345Muon Space, Inc., Warrant Investments2025-09-300001580345Substack Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:BusinessProductsAndServicesMember2025-09-300001580345Ao1 Holdings, Inc., Warrant Investments2025-09-300001580345Bidgely Inc., Warrant Investments2025-09-300001580345Bitonic Technology Labs, Inc., Warrant Investments2025-09-300001580345Forum Brands Holdings, Inc., Warrant Investments2025-09-300001580345Incode Technologies, Inc., Warrant Investments2025-09-300001580345Metropolis Technologies, Inc., Warrant Investments2025-09-300001580345Total Expert Inc., Warrant Investments2025-09-300001580345Thoughtspot, Inc., Warrant Investments2025-09-300001580345Rudderstack, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:BusinessProductivitySoftwareMember2025-09-300001580345Optoro, Inc., Warrant Investments2025-09-300001580345RetailNext, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:BusinessToBusinessMarketplaceMember2025-09-300001580345Simpplr Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:CommunicationSoftwareMember2025-09-300001580345Transfix, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:CommercialServicesMember2025-09-300001580345Eridu Corporation, Warrant Investments2025-09-300001580345Grey Orange International Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ComputerHardwareMember2025-09-300001580345Activehours, Inc. (d/b/a Earnin), Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ConsumerFinanceMember2025-09-300001580345Athletic Greens International, Inc., Warrant Investments2025-09-300001580345Don't Run Out, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ConsumerNonDurablesMember2025-09-300001580345AvantStay, Inc., Warrant Investments2025-09-300001580345Baby Generation, Inc., Warrant Investments2025-09-300001580345everdrop GmbH, Warrant Investments2025-09-300001580345FitOn Inc., Warrant Investments2025-09-300001580345Flink SE, Warrant Investments2025-09-300001580345Foodology Inc., Warrant Investments2025-09-300001580345Frubana Inc., Warrant Investments2025-09-300001580345Hydrow, Inc., Warrant Investments 12025-09-300001580345Hydrow, Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:ConsumerProductsAndServicesMembertpvg:HydrowIncMember2025-09-300001580345Lower Holding Company, Warrant Investments2025-09-300001580345Nakdcom One World AB, Warrant Investments2025-09-300001580345Pair Eyewear, Inc., Warrant Investments2025-09-300001580345Project 1920, Inc., Warrant Investments2025-09-300001580345Quip NYC, Inc. , Warrant Investments2025-09-300001580345Tempo Interactive Inc., Warrant Investments2025-09-300001580345The Black Tux Holdings, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ConsumerProductsAndServicesMember2025-09-300001580345LovePop, Inc. , Warrant Investments2025-09-300001580345Savage X, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ConsumerRetailMember2025-09-300001580345Sisense, Inc., Warrant Investments2025-09-300001580345TetraScience, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:DatabaseSoftwareMember2025-09-300001580345FabFitFun, Inc., Warrant Investments 12025-09-300001580345FabFitFun, Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:FabFitFunIncMember2025-09-300001580345Minted, Inc., Warrant Investments2025-09-300001580345Outfittery GMBH, Warrant Investments2025-09-300001580345Rent the Runway, Inc., Warrant Investments2025-09-300001580345Stance, Inc., Warrant Investments2025-09-300001580345Trendly, Inc., Warrant Investments 12025-09-300001580345Trendly, Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:TrendlyIncMember2025-09-300001580345Untuckit LLC, Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ECommerceClothingAndAccessoriesMember2025-09-300001580345Grove Collaborative, Inc., Warrant Investments 12025-09-300001580345Grove Collaborative, Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:ECommercePersonalGoodsMembertpvg:GroveCollaborativeIncMember2025-09-300001580345Merama Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ECommercePersonalGoodsMember2025-09-300001580345Panorama Education, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:EducationalTrainingSoftwareMember2025-09-300001580345Mind Candy, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMemberus-gaap:EntertainmentSectorMember2025-09-300001580345BlueVine Capital, Inc., Warrant Investments2025-09-300001580345Prodigy Investments Limited, Warrant Investments2025-09-300001580345Revolut Ltd, Warrant Investments 12025-09-300001580345Revolut Ltd, Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:FinancialInstitutionAndServicesMembertpvg:RevolutLtdMember2025-09-300001580345WorldRemit Group Limited, Warrant Investments 12025-09-300001580345WorldRemit Group Limited, Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:FinancialInstitutionAndServicesMembertpvg:WorldRemitGroupLimitedMember2025-09-300001580345us-gaap:WarrantMembertpvg:FinancialInstitutionAndServicesMember2025-09-300001580345Branch Messenger, Inc., Warrant Investments2025-09-300001580345Ocrolus, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:FinancialSoftwareMember2025-09-300001580345Capsule Corporation, Warrant Investments 12025-09-300001580345Capsule Corporation, Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:FoodDrugMember2025-09-300001580345Overtime Sports, Inc., Warrant Investments2025-09-300001580345Thrillist Media Group, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:GeneralMediaAndContentMember2025-09-300001580345Found Health, Inc., Warrant Investments2025-09-300001580345Pair Team, PBC, Warrant Investments2025-09-300001580345Vial Health Technology, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:HealthcareServicesMember2025-09-300001580345All Inspire Health, Inc., Warrant Investments2025-09-300001580345Curology, Inc., Warrant Investments2025-09-300001580345Kalderos, Inc., Warrant Investments2025-09-300001580345K Health, Inc., Warrant Investments2025-09-300001580345Thirty Madison, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:HealthcareTechnologySystemsMember2025-09-300001580345Infinite Athlete, Inc. (f/k/a Tempus Ex Machina, Inc.), Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:InformationServicesB2CMember2025-09-300001580345Bestow Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:InsuranceMember2025-09-300001580345AirStrip Technologies, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:MedicalSoftwareAndInformationServicesMember2025-09-300001580345Hover Inc., Warrant Investments2025-09-300001580345Open Space Labs, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:MultimediaAndDesignSoftwareMember2025-09-300001580345Cohesity Global, Inc., Warrant Investments2025-09-300001580345Signifyd, Inc., Warrant Investments2025-09-300001580345Corelight, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:NetworkSystemsManagementSoftwareMember2025-09-300001580345Jerry Services, Inc., Warrant Investments2025-09-300001580345Monzo Bank Limited, Warrant Investments2025-09-300001580345N26 GmbH, Warrant Investments2025-09-300001580345Upgrade, Inc. , Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:OtherFinancialServicesMember2025-09-300001580345Belong Home, Inc., Warrant Investments2025-09-300001580345HomeLight, Inc., Warrant Investments 12025-09-300001580345HomeLight, Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:RealEstateServicesMembertpvg:HomeLightIncMember2025-09-300001580345Homeward, Inc., Warrant Investments2025-09-300001580345McN Investments Ltd., Warrant Investments2025-09-300001580345Roofstock, Inc. (fka.Mynd Management, Inc. ), Warrant Investments2025-09-300001580345Sonder Holdings Inc., Warrant Investments 12025-09-300001580345Sonder Holdings Inc., Warrant Investments 22025-09-300001580345us-gaap:WarrantMembertpvg:RealEstateServicesMembertpvg:SonderHoldingsIncMember2025-09-300001580345True Footage Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:RealEstateServicesMember2025-09-300001580345Etched.AI, Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:SemiconductorsMember2025-09-300001580345Moda Operandi, Inc., Warrant Investments2025-09-300001580345OfferUp Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:ShoppingFacilitatorsMember2025-09-300001580345ClassPass Inc., Warrant Investments2025-09-300001580345us-gaap:WarrantMembertpvg:SocialPlatformSoftwareMember2025-09-300001580345Omio Corp. (f/k/a GoEuro Corp.), Warrant Investments 12025-09-300001580345Omio Corp. (f/k/a GoEuro Corp.), Warrant Investments 22025-09-300001580345Omio Corp. (f/k/a GoEuro Corp.), Warrant Investments 32025-09-300001580345us-gaap:WarrantMembertpvg:TravelLeisureMember2025-09-300001580345us-gaap:WarrantMember2025-09-300001580345Arcadia Power, Inc., Equity Investments2025-09-300001580345Cresta Intelligence, Inc., Equity Investments2025-09-300001580345DialPad, Inc., Equity Investments2025-09-300001580345Envoy, Inc., Equity Investments2025-09-300001580345FlashParking, Inc., Equity Investments2025-09-300001580345Filevine, Inc., Equity Investments2025-09-300001580345Farmer's Business Network, Inc., Equity Investments 12025-09-300001580345Farmer's Business Network, Inc., Equity Investments 22025-09-300001580345tpvg:EquityInvestmentsMembertpvg:BusinessApplicationsSoftwareMembertpvg:FarmersBusinessNetworkIncMember2025-09-300001580345Passport Labs, Inc., Equity Investments2025-09-300001580345Radar Labs, Inc., Equity Investments2025-09-300001580345Uniphore Technologies Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:BusinessApplicationsSoftwareMember2025-09-300001580345Ao1 Holdings, Inc., Equity Investments2025-09-300001580345Forum Brands Holdings, Inc., Equity Investments2025-09-300001580345RudderStack, Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:BusinessProductivitySoftwareMember2025-09-300001580345Quick Commerce Ltd, Equity Investments 12025-09-300001580345Quick Commerce Ltd, Equity Investments 22025-09-300001580345tpvg:EquityInvestmentsMembertpvg:BusinessProductsAndServicesMember2025-09-300001580345MXP Prime GmbH, Equity Investments 12025-09-300001580345MXP Prime GmbH, Equity Investments 22025-09-300001580345MXP Prime GmbH, Equity Investments 32025-09-300001580345tpvg:EquityInvestmentsMembertpvg:CommercialServicesMembertpvg:MXPPrimeGmbHMember2025-09-300001580345Printful, Inc. Holdco. (fka.Printify, Inc.), Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:CommercialServicesMember2025-09-300001580345Activehours, Inc. (d/b/a Earnin), Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:ConsumerFinanceMember2025-09-300001580345Misfits Market, Inc. (f/k/a Imperfect Foods, Inc.), Equity Investments 12025-09-300001580345Misfits Market, Inc. (f/k/a Imperfect Foods, Inc.), Equity Investments 22025-09-300001580345tpvg:EquityInvestmentsMembertpvg:ConsumerNonDurablesMember2025-09-300001580345everdrop GmbH, Equity Investments2025-09-300001580345Frubana Inc., Equity Investments2025-09-300001580345GrubMarket, Inc., Equity Investments2025-09-300001580345Hydrow, Inc., Equity Investments2025-09-300001580345JOKR S.à r.l., Equity Investments 12025-09-300001580345JOKR S.à r.l., Equity Investments 22025-09-300001580345JOKR S.à r.l., Equity Investments 32025-09-300001580345JOKR S.à r.l., Equity Investments 42025-09-300001580345tpvg:EquityInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:JOKRSaRlMember2025-09-300001580345Pair Eyewear, Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:ConsumerProductsAndServicesMember2025-09-300001580345Savage X, Inc., Equity Investments 12025-09-300001580345Savage X, Inc., Equity Investments 22025-09-300001580345tpvg:EquityInvestmentsMembertpvg:ConsumerRetailMember2025-09-300001580345FabFitFun, Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMember2025-09-300001580345Grove Collaborative, Inc., Equity Investments2025-09-300001580345Merama Inc., Equity Investments 12025-09-300001580345Merama Inc., Equity Investments 22025-09-300001580345Merama Inc., Equity Investments 32025-09-300001580345tpvg:EquityInvestmentsMembertpvg:ECommercePersonalGoodsMembertpvg:MeramaIncMember2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:ECommercePersonalGoodsMember2025-09-300001580345Nerdy Inc. (f/k/a Varsity Tutors LLC), Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:EducationalTrainingSoftwareMember2025-09-300001580345Luminary Roli Limited, Equity Investments2025-09-300001580345Mind Candy, Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMemberus-gaap:EntertainmentSectorMember2025-09-300001580345Prodigy Investments Limited, Equity Investments2025-09-300001580345Revolut Ltd, Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:FinancialInstitutionAndServicesMember2025-09-300001580345Branch Messenger, Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:FinancialSoftwareMember2025-09-300001580345Capsule Corporation, Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:FoodDrugMember2025-09-300001580345Overtime Sports, Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:GeneralMediaAndContentMember2025-09-300001580345All Inspire Health, Inc., Equity Investments2025-09-300001580345Curology, Inc., Equity Investments 12025-09-300001580345Curology, Inc., Equity Investments 22025-09-300001580345tpvg:EquityInvestmentsMembertpvg:HealthcareTechnologySystemsMembertpvg:CurologyIncMember2025-09-300001580345Kalderos, Inc., Equity Investments2025-09-300001580345Talkspace, LLC (f/k/a Groop Internet Platfom, Inc.), Equity Investments2025-09-300001580345Thirty Madison, Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:HealthcareTechnologySystemsMember2025-09-300001580345Bestow Inc., Equity Investments 12025-09-300001580345Bestow Inc., Equity Investments 22025-09-300001580345Bestow Inc., Equity Investments 32025-09-300001580345Bestow Inc., Equity Investments 42025-09-300001580345tpvg:EquityInvestmentsMembertpvg:InsuranceMember2025-09-300001580345Hover Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:MultimediaAndDesignSoftwareMember2025-09-300001580345Cohesity Global, Inc., Equity Investments 12025-09-300001580345Cohesity Global, Inc., Equity Investments 22025-09-300001580345tpvg:EquityInvestmentsMembertpvg:NetworkSystemsManagementSoftwareMember2025-09-300001580345Jerry Services, Inc., Equity Investments2025-09-300001580345Monzo Bank Limited 1, Equity Investments2025-09-300001580345Monzo Bank Limited 2, Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:OtherFinancialServicesMembertpvg:MonzoBankLimitedMember2025-09-300001580345N26 GmbH, Equity Investments2025-09-300001580345Redesign Health Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:OtherFinancialServicesMember2025-09-300001580345Belong Home, Inc., Equity Investments2025-09-300001580345McN Investments Ltd., Equity Investments2025-09-300001580345True Footage Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:RealEstateServicesMember2025-09-300001580345Omio Corp. (f/k/a GoEuro Corp.), Equity Investments 12025-09-300001580345Omio Corp. (f/k/a GoEuro Corp.), Equity Investments 22025-09-300001580345tpvg:EquityInvestmentsMembertpvg:TravelLeisureMembertpvg:GoEuroCorpMember2025-09-300001580345Inspirato, Inc., Equity Investments2025-09-300001580345tpvg:EquityInvestmentsMembertpvg:TravelLeisureMember2025-09-300001580345tpvg:EquityInvestmentsMember2025-09-300001580345us-gaap:MoneyMarketFundsMemberus-gaap:CashEquivalentsMembertpvg:FederatedGovernmentObligationsFundMember2025-09-300001580345us-gaap:CashEquivalentsMember2025-09-300001580345tpvg:NonQualifyingAssetsMember2025-09-300001580345tpvg:NonAccrualInvestmentMember2025-09-300001580345tpvg:InvestmentsNotValuedAtFairValueMember2025-09-300001580345tpvg:InvestmentsSubjectToRestrictionsOnSalesMember2025-09-300001580345Flo Health UK Limited 12024-12-310001580345Flo Health UK Limited 22024-12-310001580345Flo Health UK Limited 32024-12-310001580345Flo Health UK Limited 42024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ApplicationSoftwareMember2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ApplicationSoftwareMembertpvg:FloHealthUKLimitedMember2024-12-310001580345Loft Orbital Solutions Inc. 12024-12-310001580345Loft Orbital Solutions Inc. 22024-12-310001580345Loft Orbital Solutions Inc. 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:AerospaceAndDefenseMembertpvg:LoftOrbitalSolutionsIncMember2024-12-310001580345Party Labs, LLC2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:AerospaceAndDefenseMember2024-12-310001580345Arcadia Power, Inc. 12024-12-310001580345Arcadia Power, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:BusinessApplicationsSoftwareMembertpvg:ArcadiaPowerIncMember2024-12-310001580345FlashParking, Inc.2024-12-310001580345Farmer's Business Network, Inc.2024-12-310001580345NewStore Inc.2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:BusinessApplicationsSoftwareMember2024-12-310001580345Quick Commerce Ltd 12024-12-310001580345Quick Commerce Ltd 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:BusinessProductsAndServicesMember2024-12-310001580345Ao1 Holdings (Player's Health)2024-12-310001580345Forum Brands, LLC 12024-12-310001580345Forum Brands, LLC 22024-12-310001580345Forum Brands, LLC 32024-12-310001580345Forum Brands, LLC 42024-12-310001580345Forum Brands, LLC 52024-12-310001580345Forum Brands, LLC 62024-12-310001580345Forum Brands, LLC 72024-12-310001580345Forum Brands, LLC 82024-12-310001580345Forum Brands, LLC 92024-12-310001580345Forum Brands, LLC 102024-12-310001580345Forum Brands, LLC 112024-12-310001580345Forum Brands, LLC 122024-12-310001580345Forum Brands, LLC 132024-12-310001580345Forum Brands, LLC 142024-12-310001580345Forum Brands, LLC 152024-12-310001580345Forum Brands, LLC 162024-12-310001580345Forum Brands, LLC 172024-12-310001580345Forum Brands, LLC 182024-12-310001580345Forum Brands, LLC 192024-12-310001580345Forum Brands, LLC 202024-12-310001580345tpvg:DebtInvestmentsMembertpvg:BusinessProductivitySoftwareMembertpvg:ForumBrandsLLCMember2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:BusinessProductivitySoftwareMember2024-12-310001580345Don't Run Out, Inc. 12024-12-310001580345Don't Run Out, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerNonDurablesMember2024-12-310001580345Avantstay, Inc. 12024-12-310001580345Avantstay, Inc. 22024-12-310001580345Avantstay, Inc. 32024-12-310001580345Avantstay, Inc. 42024-12-310001580345Avantstay, Inc. 52024-12-310001580345Avantstay, Inc. 62024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:AvantStayIncMember2024-12-310001580345 Baby Generation, Inc. 12024-12-310001580345 Baby Generation, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:BabyGenerationIncMember2024-12-310001580345Fiton, Inc. 12024-12-310001580345Fiton, Inc. 22024-12-310001580345Fiton, Inc. 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:FitOnInc.Member2024-12-310001580345Flink SE 12024-12-310001580345Flink SE 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:FlinkSEMember2024-12-310001580345Frubana Inc. 12024-12-310001580345Frubana Inc. 22024-12-310001580345Frubana Inc. 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:FrubanaIncMember2024-12-310001580345Hydrow, Inc. 12024-12-310001580345Hydrow, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:HydrowIncMember2024-12-310001580345JOKR S.à r.l. 12024-12-310001580345JOKR S.à r.l. 22024-12-310001580345JOKR S.à r.l. 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:JOKRSaRlMember2024-12-310001580345Lower Holding Company2024-12-310001580345Nakdcom One World AB 12024-12-310001580345Nakdcom One World AB 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:NakdcomOneWorldABMember2024-12-310001580345Project 1920, Inc. 12024-12-310001580345Project 1920, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:Project1920IncMember2024-12-310001580345MA Micro Limited 12024-12-310001580345MA Micro Limited 22024-12-310001580345MA Micro Limited 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:MAMicroLimitedMember2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerProductsAndServicesMember2024-12-310001580345Savage X, Inc. 12024-12-310001580345Savage X, Inc. 22024-12-310001580345Savage X, Inc. 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ConsumerRetailMember2024-12-310001580345FabFitFun, Inc. 2024-12-310001580345Fabletics, Inc. 2024-12-310001580345Minted, Inc. 12024-12-310001580345Minted, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:MintedIncMember2024-12-310001580345Outfittery GMBH 12024-12-310001580345Outfittery GMBH 22024-12-310001580345Outfittery GMBH 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:OutfitteryGMBHMember2024-12-310001580345Trendly, Inc. 12024-12-310001580345Trendly, Inc. 22024-12-310001580345Trendly, Inc. 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:TrendlyIncMember2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMember2024-12-310001580345Panorama Education, Inc. 12024-12-310001580345Panorama Education, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:EducationalTrainingSoftwareMember2024-12-310001580345Luminary Roli Limited2024-12-310001580345Mind Candy Limited 12024-12-310001580345Mind Candy Limited 22024-12-310001580345Mind Candy Limited 32024-12-310001580345tpvg:DebtInvestmentsMemberus-gaap:EntertainmentSectorMembertpvg:MindCandyLimitedMember2024-12-310001580345tpvg:DebtInvestmentsMemberus-gaap:EntertainmentSectorMember2024-12-310001580345Prodigy Investments Limited2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:FinancialInstitutionAndServicesMember2024-12-310001580345Ocrolus, Inc. 2024-12-310001580345Synapse Financial Technologies, Inc. 2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:FinancialSoftwareMember2024-12-310001580345Kalderos, Inc. 12024-12-310001580345Kalderos, Inc. 22024-12-310001580345Kalderos, Inc. 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:HealthcareTechnologySystemsMembertpvg:KalderosIncMember2024-12-310001580345K Health, Inc. 2024-12-310001580345Thirty Madison, Inc. 12024-12-310001580345Thirty Madison, Inc. 22024-12-310001580345Thirty Madison, Inc. 32024-12-310001580345tpvg:DebtInvestmentsMembertpvg:HealthcareTechnologySystemsMembertpvg:ThirtyMadisonInc.Member2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:HealthcareTechnologySystemsMember2024-12-310001580345Infinite Athlete, Inc. (f/k/a Tempus Ex Machina, Inc.) 12024-12-310001580345Infinite Athlete, Inc. (f/k/a Tempus Ex Machina, Inc.) 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:InformationServicesB2CMember2024-12-310001580345Hover Inc. 2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:MultimediaAndDesignSoftwareMember2024-12-310001580345Jerry Services, Inc. 12024-12-310001580345Jerry Services, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:OtherFinancialServicesMembertpvg:JerryServicesIncMember2024-12-310001580345Monzo Bank Limited2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:OtherFinancialServicesMember2024-12-310001580345Homeward, Inc.2024-12-310001580345True Footage Inc. 12024-12-310001580345True Footage Inc. 22024-12-310001580345True Footage Inc. 32024-12-310001580345True Footage Inc. 42024-12-310001580345True Footage Inc. 52024-12-310001580345True Footage Inc. 62024-12-310001580345True Footage Inc. 72024-12-310001580345True Footage Inc. 82024-12-310001580345True Footage Inc. 92024-12-310001580345True Footage Inc. 102024-12-310001580345True Footage Inc. 112024-12-310001580345True Footage Inc. 122024-12-310001580345True Footage Inc. 132024-12-310001580345True Footage Inc. 142024-12-310001580345True Footage Inc. 152024-12-310001580345True Footage Inc. 162024-12-310001580345True Footage Inc. 172024-12-310001580345True Footage Inc. 182024-12-310001580345True Footage Inc. 192024-12-310001580345True Footage Inc. 202024-12-310001580345True Footage Inc. 212024-12-310001580345True Footage Inc. 222024-12-310001580345True Footage Inc. 232024-12-310001580345tpvg:DebtInvestmentsMembertpvg:RealEstateServicesMembertpvg:TrueFootageIncMember2024-12-310001580345tpvg:DebtInvestmentsMembertpvg:RealEstateServicesMember2024-12-310001580345Moda Operandi, Inc. 12024-12-310001580345Moda Operandi, Inc. 22024-12-310001580345tpvg:DebtInvestmentsMembertpvg:ShoppingFacilitatorsMember2024-12-310001580345tpvg:DebtInvestmentsMember2024-12-310001580345InMobi Pte Ltd., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:AdvertisingMarketingMember2024-12-310001580345Loft Orbital Solutions Inc., Warrants2024-12-310001580345Parry Labs, LLC, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:AerospaceAndDefenseMember2024-12-310001580345Flo Health, Inc. Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ApplicationSoftwareMember2024-12-310001580345Arcadia Power, Inc. 1, Warrants2024-12-310001580345Arcadia Power, Inc. 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:BusinessApplicationsSoftwareMembertpvg:ArcadiaPowerIncMember2024-12-310001580345Cresta Intelligence, Inc. , Warrants2024-12-310001580345DialPad, Inc. , Warrants2024-12-310001580345Envoy, Inc. , Warrants2024-12-310001580345Farmer's Business Network, Inc., Warrants2024-12-310001580345Filevine, Inc., Warrants2024-12-310001580345FlashParking, Inc. 1, Warrants2024-12-310001580345FlashParking, Inc. 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:BusinessApplicationsSoftwareMembertpvg:FlashParkingIncMember2024-12-310001580345Narvar, Inc. , Warrants2024-12-310001580345NewStore Inc., Warrants2024-12-310001580345Passport Labs, Inc., Warrants2024-12-310001580345Project Affinity, Inc., Warrants2024-12-310001580345Quantcast Corporation, Warrants2024-12-310001580345Uniphore Technologies Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:BusinessApplicationsSoftwareMember2024-12-310001580345Cart.com, Inc. 1, Warrants2024-12-310001580345Cart.com, Inc. 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:BusinessProductsAndServicesMembertpvg:CartcomIncMember2024-12-310001580345LeoLabs, Inc., Warrants2024-12-310001580345Muon Space, Inc., Warrants2024-12-310001580345Substack Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:BusinessProductsAndServicesMember2024-12-310001580345Ao1 Holdings, Inc., Warrants2024-12-310001580345Forum Brands Holdings, Inc., Warrants2024-12-310001580345Metropolis Technologies, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:BusinessProductivitySoftwareMember2024-12-310001580345Optoro, Inc., Warrants2024-12-310001580345RetailNext, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:BusinessToBusinessMarketplaceMember2024-12-310001580345Transfix, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:CommercialServicesMember2024-12-310001580345Grey Orange International Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ComputerHardwareMember2024-12-310001580345Activehours, Inc. (d/b/a Earnin), Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ConsumerFinanceMember2024-12-310001580345Athletic Greens International, Inc., Warrants2024-12-310001580345Don't Run Out, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ConsumerNonDurablesMember2024-12-310001580345AvantStay, Inc., Warrants2024-12-310001580345Baby Generation, Inc., Warrants2024-12-310001580345everdrop GmbH, Warrants2024-12-310001580345FitOn Inc., Warrants2024-12-310001580345Flink SE, Warrants2024-12-310001580345Foodology Inc., Warrants2024-12-310001580345Frubana Inc., Warrants2024-12-310001580345Hydrow, Inc. 1, Warrants2024-12-310001580345Hydrow, Inc. 2, Warrants2024-12-310001580345Hydrow, Inc. 3, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ConsumerProductsAndServicesMembertpvg:HydrowIncMember2024-12-310001580345JOKR S.à r.l., Warrants2024-12-310001580345Lower Holding Company, Warrants2024-12-310001580345Nakdcom One World AB, Warrants2024-12-310001580345Pair Eyewear, Inc., Warrants2024-12-310001580345Project 1920, Inc., Warrants2024-12-310001580345Quip NYC, Inc., Warrants2024-12-310001580345Tempo Interactive Inc., Warrants2024-12-310001580345The Black Tux, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ConsumerProductsAndServicesMember2024-12-310001580345LovePop, Inc., Warrants2024-12-310001580345Savage X, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ConsumerRetailMember2024-12-310001580345Sisense, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:DatabaseSoftwareMember2024-12-310001580345Panorama Education, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:EducationalTrainingSoftwareMember2024-12-310001580345FabFitFun, Inc. 1, Warrants2024-12-310001580345FabFitFun, Inc. 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:FabFitFunIncMember2024-12-310001580345Minted, Inc., Warrants2024-12-310001580345Outfittery GMBH, Warrants2024-12-310001580345Rent the Runway, Inc., Warrants2024-12-310001580345Stance, Inc., Warrants2024-12-310001580345Trendly, Inc. 1, Warrants2024-12-310001580345Trendly, Inc. 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ECommerceClothingAndAccessoriesMembertpvg:TrendlyIncMember2024-12-310001580345Untuckit LLC, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ECommerceClothingAndAccessoriesMember2024-12-310001580345Grove Collaborative, Inc. 1, Warrants2024-12-310001580345Grove Collaborative, Inc. 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ECommercePersonalGoodsMembertpvg:GroveCollaborativeIncMember2024-12-310001580345Merama Inc. , Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ECommercePersonalGoodsMember2024-12-310001580345Mind Candy, Inc., Warrants2024-12-310001580345us-gaap:WarrantMemberus-gaap:EntertainmentSectorMember2024-12-310001580345BlueVine Capital, Inc., Warrants2024-12-310001580345Prodigy Investments Limited, Warrants2024-12-310001580345Revolut Ltd 1, Warrants2024-12-310001580345Revolut Ltd 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:FinancialInstitutionAndServicesMembertpvg:RevolutLtdMember2024-12-310001580345WorldRemit Group Limited 1, Warrants2024-12-310001580345WorldRemit Group Limited 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:FinancialInstitutionAndServicesMembertpvg:WorldRemitGroupLimitedMember2024-12-310001580345us-gaap:WarrantMembertpvg:FinancialInstitutionAndServicesMember2024-12-310001580345Ocrolus, Inc. , Warrants2024-12-310001580345Synapse Financial Technologies, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:FinancialSoftwareMember2024-12-310001580345Capsule Corporation 1, Warrants2024-12-310001580345Capsule Corporation 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:FoodDrugMember2024-12-310001580345Overtime Sports, Inc., Warrants2024-12-310001580345Thrillist Media Group, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:GeneralMediaAndContentMember2024-12-310001580345Found Health, Inc., Warrants2024-12-310001580345Vial Health Technology, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:HealthcareServicesMember2024-12-310001580345Curology, Inc., Warrants2024-12-310001580345Kalderos, Inc., Warrants2024-12-310001580345K Health, Inc., Warrants2024-12-310001580345Thirty Madison, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:HealthcareTechnologySystemsMember2024-12-310001580345Infinite Athlete, Inc. (f/k/a Tempus Ex Machina, Inc.), Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:InformationServicesB2CMember2024-12-310001580345AirStrip Technologies, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:MedicalSoftwareAndInformationServicesMember2024-12-310001580345Hover Inc., Warrants2024-12-310001580345Open Space Labs, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:MultimediaAndDesignSoftwareMember2024-12-310001580345Cohesity, Inc., Warrants2024-12-310001580345Signifyd, Inc., Warrants2024-12-310001580345Corelight, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:NetworkSystemsManagementSoftwareMember2024-12-310001580345Jerry Services, Inc., Warrants2024-12-310001580345Monzo Bank Limited, Warrants2024-12-310001580345N26 GmbH, Warrants2024-12-310001580345Upgrade, Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:OtherFinancialServicesMember2024-12-310001580345Belong Home, Inc., Warrants2024-12-310001580345HomeLight, Inc. 1, Warrants2024-12-310001580345HomeLight, Inc. 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:RealEstateServicesMembertpvg:HomeLightIncMember2024-12-310001580345Homeward, Inc., Warrants2024-12-310001580345McN Investments Ltd., Warrants2024-12-310001580345Roofstock, Inc., Warrants2024-12-310001580345Sonder Holdings Inc. 1, Warrants2024-12-310001580345Sonder Holdings Inc. 2, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:RealEstateServicesMembertpvg:SonderHoldingsIncMember2024-12-310001580345True Footage Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:RealEstateServicesMember2024-12-310001580345Moda Operandi, Inc, Warrants2024-12-310001580345OfferUp Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:ShoppingFacilitatorsMember2024-12-310001580345ClassPass Inc., Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:SocialPlatformSoftwareMember2024-12-310001580345OmioCorp. (fka. GoEuro Corp.) 1, Warrants2024-12-310001580345OmioCorp. (fka. GoEuro Corp.) 2, Warrants2024-12-310001580345OmioCorp. (fka. GoEuro Corp.) 3, Warrants2024-12-310001580345us-gaap:WarrantMembertpvg:TravelLeisureMember2024-12-310001580345us-gaap:WarrantMember2024-12-310001580345Arcadia Power, Inc., Equity Investments2024-12-310001580345Cresta Intelligence, Inc., Equity Investments2024-12-310001580345DialPad, Inc., Equity Investments2024-12-310001580345Envoy, Inc., Equity Investments2024-12-310001580345FlashParking, Inc., Equity Investments2024-12-310001580345Filevine, Inc., Equity Investments2024-12-310001580345Farmer's Business Network, Inc. 1, Equity Investments2024-12-310001580345Farmer's Business Network, Inc. 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:BusinessApplicationsSoftwareMembertpvg:FarmersBusinessNetworkIncMember2024-12-310001580345Passport Labs, Inc., Equity Investments2024-12-310001580345Uniphore Technologies, Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:BusinessApplicationsSoftwareMember2024-12-310001580345Quick Commerce Ltd 1, Equity Investments2024-12-310001580345Quick Commerce Ltd 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:BusinessProductsAndServicesMember2024-12-310001580345Ao1 Holdings (Player's Health), Equity Investments2024-12-310001580345Forum Brands Holdings, Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:BusinessProductivitySoftwareMember2024-12-310001580345MXP Prime GmbH 1, Equity Investments2024-12-310001580345MXP Prime GmbH 2, Equity Investments2024-12-310001580345MXP Prime GmbH 3, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:CommercialServicesMember2024-12-310001580345Activehours, Inc. (d/b/a Earnin), Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ConsumerFinanceMember2024-12-310001580345Misfits Market, Inc. (f/k/a Imperfect Foods, Inc.) 1, Equity Investments2024-12-310001580345Misfits Market, Inc. (f/k/a Imperfect Foods, Inc.) 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ConsumerNonDurablesMember2024-12-310001580345everdrop GmbH, Equity Investments2024-12-310001580345Frubana Inc., Equity Investments2024-12-310001580345GrubMarket, Inc., Equity Investments2024-12-310001580345Hydrow, Inc. 1, Equity Investments2024-12-310001580345Hydrow, Inc. 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:HydrowIncMember2024-12-310001580345JOKR S.à r.l. 1, Equity Investments2024-12-310001580345JOKR S.à r.l. 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ConsumerProductsAndServicesMembertpvg:JOKRSaRlMember2024-12-310001580345Pair Eyewear, Inc. , Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ConsumerProductsAndServicesMember2024-12-310001580345Savage X, Inc. 1, Equity Investments2024-12-310001580345Savage X, Inc. 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ConsumerRetailMember2024-12-310001580345FabFitFun, Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ECommerceClothingAndAccessoriesMember2024-12-310001580345Grove Collaborative, Inc., Equity Investments2024-12-310001580345Merama Inc. 1, Equity Investments2024-12-310001580345Merama Inc. 2, Equity Investments2024-12-310001580345Merama Inc. 3, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ECommercePersonalGoodsMembertpvg:MeramaIncMember2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:ECommercePersonalGoodsMember2024-12-310001580345Nerdy Inc. (f/k/a Varsity Tutors LLC), Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:EducationalTrainingSoftwareMember2024-12-310001580345Luminary Roli Limited, Equity Investments2024-12-310001580345Mind Candy, Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMemberus-gaap:EntertainmentSectorMember2024-12-310001580345Prodigy Investments Limited, Equity Investments2024-12-310001580345Revolut Ltd, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:FinancialInstitutionAndServicesMember2024-12-310001580345Capsule Corporation, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:FoodDrugMember2024-12-310001580345Overtime Sports, Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:GeneralMediaAndContentMember2024-12-310001580345Curology, Inc. 1, Equity Investments2024-12-310001580345Curology, Inc. 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:HealthcareTechnologySystemsMembertpvg:CurologyIncMember2024-12-310001580345Kalderos, Inc., Equity Investments2024-12-310001580345Talkspace, LLC (f/k/a Groop Internet Platform, Inc.), Equity Investments2024-12-310001580345Thirty Madison, Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:HealthcareTechnologySystemsMember2024-12-310001580345Hover, Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:MultimediaAndDesignSoftwareMember2024-12-310001580345Cohesity, Inc. 1, Equity Investments2024-12-310001580345Cohesity, Inc. 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:NetworkSystemsManagementSoftwareMember2024-12-310001580345Jerry Services, Inc., Equity Investments2024-12-310001580345Monzo Bank Limited 1, Equity Investments2024-12-310001580345Monzo Bank Limited 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:OtherFinancialServicesMembertpvg:MonzoBankLimitedMember2024-12-310001580345N26 GmbH, Equity Investments2024-12-310001580345Redesign Health Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:OtherFinancialServicesMember2024-12-310001580345Belong Home, Inc., Equity Investments2024-12-310001580345McN Investments Ltd., Equity Investments2024-12-310001580345True Footage Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:RealEstateServicesMember2024-12-310001580345OmioCorp. (fka. GoEuro Corp.) 1, Equity Investments2024-12-310001580345OmioCorp. (fka. GoEuro Corp.) 2, Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:TravelLeisureMembertpvg:GoEuroCorpMember2024-12-310001580345Inspirato Inc., Equity Investments2024-12-310001580345tpvg:EquityInvestmentsMembertpvg:TravelLeisureMember2024-12-310001580345tpvg:EquityInvestmentsMember2024-12-310001580345us-gaap:MoneyMarketFundsMemberus-gaap:CashEquivalentsMembertpvg:FederatedGovernmentObligationsFundMember2024-12-310001580345us-gaap:CashEquivalentsMember2024-12-310001580345tpvg:NonQualifyingAssetsMember2024-12-310001580345tpvg:NonAccrualInvestmentMember2024-12-310001580345tpvg:InvestmentsNotValuedAtFairValueMember2024-12-310001580345tpvg:InvestmentsSubjectToRestrictionsOnSalesMember2024-12-310001580345tpvg:DebtInvestmentsFloatingInterestRateMember2025-09-300001580345tpvg:DebtInvestmentsFloatingInterestRateMember2024-12-310001580345tpvg:InvestmentManagementAgreementMembersrt:AffiliatedEntityMember2025-09-300001580345tpvg:AdvisoryAgreementMembersrt:AffiliatedEntityMember2025-01-012025-09-300001580345tpvg:InvestmentManagementAgreementIncentiveRateQuarterlyHurdleRateMembersrt:AffiliatedEntityMember2025-01-012025-09-300001580345tpvg:InvestmentManagementAgreementIncentiveRateAnnualizedHurdleRateMembersrt:AffiliatedEntityMember2025-01-012025-09-300001580345tpvg:InvestmentManagementAgreementIncentiveRateQuarterlyCatchUpThresholdMembersrt:AffiliatedEntityMember2025-01-012025-09-300001580345tpvg:InvestmentManagementAgreementIncentiveRateRealizedCapitalGainsNetMembersrt:AffiliatedEntityMember2025-01-012025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2025-09-300001580345us-gaap:DebtSecuritiesMember2025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2024-12-310001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2024-12-310001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2024-12-310001580345us-gaap:DebtSecuritiesMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel1Member2025-09-300001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel2Member2025-09-300001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Member2025-09-300001580345us-gaap:WarrantMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel1Member2024-12-310001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel2Member2024-12-310001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Member2024-12-310001580345us-gaap:WarrantMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Member2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2025-09-300001580345us-gaap:EquitySecuritiesMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Member2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2024-12-310001580345us-gaap:EquitySecuritiesMember2024-12-310001580345us-gaap:FairValueInputsLevel1Member2025-09-300001580345us-gaap:FairValueInputsLevel2Member2025-09-300001580345us-gaap:FairValueInputsLevel3Member2025-09-300001580345us-gaap:FairValueInputsLevel1Member2024-12-310001580345us-gaap:FairValueInputsLevel2Member2024-12-310001580345us-gaap:FairValueInputsLevel3Member2024-12-310001580345us-gaap:DebtSecuritiesMember2024-12-310001580345us-gaap:WarrantMember2024-12-310001580345us-gaap:EquitySecuritiesMember2024-12-310001580345us-gaap:DebtSecuritiesMember2025-01-012025-09-300001580345us-gaap:WarrantMember2025-01-012025-09-300001580345us-gaap:EquitySecuritiesMember2025-01-012025-09-300001580345tpvg:AmortizationAndAccretionOfPreimumsAndDiscountsNetAndEndOfTermPaymentsMember2025-01-012025-09-300001580345us-gaap:DebtSecuritiesMembertpvg:AmortizationAndAccretionOfPreimumsAndDiscountsNetAndEndOfTermPaymentsMember2025-01-012025-09-300001580345us-gaap:WarrantMembertpvg:AmortizationAndAccretionOfPreimumsAndDiscountsNetAndEndOfTermPaymentsMember2025-01-012025-09-300001580345us-gaap:EquitySecuritiesMembertpvg:AmortizationAndAccretionOfPreimumsAndDiscountsNetAndEndOfTermPaymentsMember2025-01-012025-09-300001580345tpvg:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-09-300001580345us-gaap:DebtSecuritiesMembertpvg:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-09-300001580345us-gaap:WarrantMembertpvg:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-09-300001580345us-gaap:EquitySecuritiesMembertpvg:DebtAndEquitySecuritiesRealizedGainLossMember2025-01-012025-09-300001580345tpvg:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-09-300001580345us-gaap:DebtSecuritiesMembertpvg:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-09-300001580345us-gaap:WarrantMembertpvg:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-09-300001580345us-gaap:EquitySecuritiesMembertpvg:DebtAndEquitySecuritiesUnrealizedGainLossMember2025-01-012025-09-300001580345tpvg:PaidInKindCouponMember2025-01-012025-09-300001580345us-gaap:DebtSecuritiesMembertpvg:PaidInKindCouponMember2025-01-012025-09-300001580345us-gaap:WarrantMembertpvg:PaidInKindCouponMember2025-01-012025-09-300001580345us-gaap:EquitySecuritiesMembertpvg:PaidInKindCouponMember2025-01-012025-09-300001580345us-gaap:DebtSecuritiesMember2025-09-300001580345us-gaap:WarrantMember2025-09-300001580345us-gaap:EquitySecuritiesMember2025-09-300001580345us-gaap:DebtSecuritiesMember2023-12-310001580345us-gaap:WarrantMember2023-12-310001580345us-gaap:EquitySecuritiesMember2023-12-310001580345us-gaap:DebtSecuritiesMember2024-01-012024-09-300001580345us-gaap:WarrantMember2024-01-012024-09-300001580345us-gaap:EquitySecuritiesMember2024-01-012024-09-300001580345tpvg:AmortizationAndAccretionOfPreimumsAndDiscountsNetAndEndOfTermPaymentsMember2024-01-012024-09-300001580345us-gaap:DebtSecuritiesMembertpvg:AmortizationAndAccretionOfPreimumsAndDiscountsNetAndEndOfTermPaymentsMember2024-01-012024-09-300001580345us-gaap:WarrantMembertpvg:AmortizationAndAccretionOfPreimumsAndDiscountsNetAndEndOfTermPaymentsMember2024-01-012024-09-300001580345us-gaap:EquitySecuritiesMembertpvg:AmortizationAndAccretionOfPreimumsAndDiscountsNetAndEndOfTermPaymentsMember2024-01-012024-09-300001580345tpvg:DebtAndEquitySecuritiesRealizedGainLossMember2024-01-012024-09-300001580345us-gaap:DebtSecuritiesMembertpvg:DebtAndEquitySecuritiesRealizedGainLossMember2024-01-012024-09-300001580345us-gaap:WarrantMembertpvg:DebtAndEquitySecuritiesRealizedGainLossMember2024-01-012024-09-300001580345us-gaap:EquitySecuritiesMembertpvg:DebtAndEquitySecuritiesRealizedGainLossMember2024-01-012024-09-300001580345tpvg:DebtAndEquitySecuritiesUnrealizedGainLossMember2024-01-012024-09-300001580345us-gaap:DebtSecuritiesMembertpvg:DebtAndEquitySecuritiesUnrealizedGainLossMember2024-01-012024-09-300001580345us-gaap:WarrantMembertpvg:DebtAndEquitySecuritiesUnrealizedGainLossMember2024-01-012024-09-300001580345us-gaap:EquitySecuritiesMembertpvg:DebtAndEquitySecuritiesUnrealizedGainLossMember2024-01-012024-09-300001580345tpvg:PaidInKindCouponMember2024-01-012024-09-300001580345us-gaap:DebtSecuritiesMembertpvg:PaidInKindCouponMember2024-01-012024-09-300001580345us-gaap:WarrantMembertpvg:PaidInKindCouponMember2024-01-012024-09-300001580345us-gaap:EquitySecuritiesMembertpvg:PaidInKindCouponMember2024-01-012024-09-300001580345us-gaap:DebtSecuritiesMember2024-09-300001580345us-gaap:WarrantMember2024-09-300001580345us-gaap:EquitySecuritiesMember2024-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMember2025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMember2025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueProbabilityWeightedExpectedReturnMethodMember2025-09-300001580345us-gaap:DebtSecuritiesMembertpvg:MeasurementInputProbabilityWeightingOfAleternativeOutcomesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueProbabilityWeightedExpectedReturnMethodMembersrt:MinimumMember2025-09-300001580345us-gaap:DebtSecuritiesMembertpvg:MeasurementInputProbabilityWeightingOfAleternativeOutcomesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueProbabilityWeightedExpectedReturnMethodMembersrt:MaximumMember2025-09-300001580345us-gaap:DebtSecuritiesMembertpvg:MeasurementInputProbabilityWeightingOfAleternativeOutcomesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueProbabilityWeightedExpectedReturnMethodMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MinimumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MaximumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MinimumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MaximumMember2025-09-300001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:WarrantMembertpvg:MeasurementInputExpectedRecoveryRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MinimumMember2025-09-300001580345us-gaap:WarrantMembertpvg:MeasurementInputExpectedRecoveryRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MaximumMember2025-09-300001580345us-gaap:WarrantMembertpvg:MeasurementInputExpectedRecoveryRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:MinimumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:MaximumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:MinimumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:MaximumMember2025-09-300001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:WeightedAverageMember2025-09-300001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2024-12-310001580345us-gaap:DebtSecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMember2024-12-310001580345us-gaap:DebtSecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMember2024-12-310001580345us-gaap:DebtSecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueProbabilityWeightedExpectedReturnMethodMember2024-12-310001580345us-gaap:DebtSecuritiesMembertpvg:MeasurementInputProbabilityWeightingOfAleternativeOutcomesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueProbabilityWeightedExpectedReturnMethodMembersrt:MinimumMember2024-12-310001580345us-gaap:DebtSecuritiesMembertpvg:MeasurementInputProbabilityWeightingOfAleternativeOutcomesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueProbabilityWeightedExpectedReturnMethodMembersrt:MaximumMember2024-12-310001580345us-gaap:DebtSecuritiesMembertpvg:MeasurementInputProbabilityWeightingOfAleternativeOutcomesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueProbabilityWeightedExpectedReturnMethodMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MinimumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MaximumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MinimumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MaximumMember2024-12-310001580345us-gaap:WarrantMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:WarrantMembertpvg:MeasurementInputExpectedRecoveryRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MinimumMember2024-12-310001580345us-gaap:WarrantMembertpvg:MeasurementInputExpectedRecoveryRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:MaximumMember2024-12-310001580345us-gaap:WarrantMembertpvg:MeasurementInputExpectedRecoveryRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueDiscountedExpectedReturnMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountForLackOfMarketabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MinimumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRiskFreeInterestRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:MinimumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:MaximumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:MinimumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:MaximumMember2024-12-310001580345us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMemberus-gaap:FairValueInputsLevel3Membertpvg:ValuationTechniqueOptionPricingModelAndProbabilityWeightedExpectedReturnMethodMembersrt:WeightedAverageMember2024-12-310001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-09-300001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-12-310001580345tpvg:A2025NotesMemberus-gaap:UnsecuredDebtMember2025-09-300001580345tpvg:A2025NotesMemberus-gaap:UnsecuredDebtMember2024-12-310001580345tpvg:A2026NotesMemberus-gaap:UnsecuredDebtMember2025-09-300001580345tpvg:A2026NotesMemberus-gaap:UnsecuredDebtMember2024-12-310001580345tpvg:A2027NotesMemberus-gaap:UnsecuredDebtMember2025-09-300001580345tpvg:A2027NotesMemberus-gaap:UnsecuredDebtMember2024-12-310001580345tpvg:A2028NotesMemberus-gaap:UnsecuredDebtMember2025-09-300001580345tpvg:A2028NotesMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-07-012025-09-300001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-07-012024-09-300001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-01-012024-09-300001580345tpvg:A2025NotesMemberus-gaap:UnsecuredDebtMember2025-07-012025-09-300001580345tpvg:A2025NotesMemberus-gaap:UnsecuredDebtMember2024-07-012024-09-300001580345tpvg:A2025NotesMemberus-gaap:UnsecuredDebtMember2025-01-012025-09-300001580345tpvg:A2025NotesMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300001580345tpvg:A2026NotesMemberus-gaap:UnsecuredDebtMember2025-07-012025-09-300001580345tpvg:A2026NotesMemberus-gaap:UnsecuredDebtMember2024-07-012024-09-300001580345tpvg:A2026NotesMemberus-gaap:UnsecuredDebtMember2025-01-012025-09-300001580345tpvg:A2026NotesMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300001580345tpvg:A2027NotesMemberus-gaap:UnsecuredDebtMember2025-07-012025-09-300001580345tpvg:A2027NotesMemberus-gaap:UnsecuredDebtMember2024-07-012024-09-300001580345tpvg:A2027NotesMemberus-gaap:UnsecuredDebtMember2025-01-012025-09-300001580345tpvg:A2027NotesMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300001580345tpvg:A2028NotesMemberus-gaap:UnsecuredDebtMember2025-07-012025-09-300001580345tpvg:A2028NotesMemberus-gaap:UnsecuredDebtMember2024-07-012024-09-300001580345tpvg:A2028NotesMemberus-gaap:UnsecuredDebtMember2025-01-012025-09-300001580345tpvg:A2028NotesMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2014-02-280001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-08-060001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-08-050001580345us-gaap:RevolvingCreditFacilityMembertpvg:VariableRateComponentOneMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001580345us-gaap:RevolvingCreditFacilityMembertpvg:VariableRateComponentTwoMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001580345us-gaap:RevolvingCreditFacilityMembertpvg:VariableRateComponentTwoMembersrt:MinimumMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001580345us-gaap:RevolvingCreditFacilityMembertpvg:VariableRateComponentTwoMembersrt:MaximumMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001580345us-gaap:RevolvingCreditFacilityMembertpvg:VariableRateComponentThreeMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001580345us-gaap:RevolvingCreditFacilityMembertpvg:VariableRateComponentFourMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001580345us-gaap:RevolvingCreditFacilityMembersrt:MaximumMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001580345us-gaap:AssetPledgedAsCollateralMember2025-09-300001580345us-gaap:AssetPledgedAsCollateralMember2024-12-310001580345us-gaap:AssetNotPledgedAsCollateralMember2025-09-300001580345us-gaap:AssetNotPledgedAsCollateralMember2024-12-310001580345tpvg:A2025NotesMemberus-gaap:UnsecuredDebtMember2020-03-190001580345tpvg:A2025NotesMemberus-gaap:UnsecuredDebtMember2020-03-192020-03-190001580345tpvg:A2026NotesMemberus-gaap:UnsecuredDebtMember2021-03-010001580345tpvg:A2026NotesMemberus-gaap:UnsecuredDebtMember2021-03-012021-03-010001580345tpvg:A2027NotesMemberus-gaap:UnsecuredDebtMember2022-02-280001580345tpvg:A2027NotesMemberus-gaap:UnsecuredDebtMember2022-02-282022-02-280001580345tpvg:A2028NotesMemberus-gaap:UnsecuredDebtMember2025-02-120001580345tpvg:A2028NotesMemberus-gaap:UnsecuredDebtMember2025-02-122025-02-120001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:FairValueInputsLevel1Memberus-gaap:LineOfCreditMember2025-09-300001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:FairValueInputsLevel2Memberus-gaap:LineOfCreditMember2025-09-300001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LineOfCreditMember2025-09-300001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:FairValueInputsLevel1Memberus-gaap:LineOfCreditMember2024-12-310001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:FairValueInputsLevel2Memberus-gaap:LineOfCreditMember2024-12-310001580345us-gaap:RevolvingCreditFacilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:LineOfCreditMember2024-12-310001580345us-gaap:FairValueInputsLevel1Membertpvg:A2025NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel2Membertpvg:A2025NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel3Membertpvg:A2025NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345tpvg:A2025NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel1Membertpvg:A2025NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel2Membertpvg:A2025NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel3Membertpvg:A2025NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345tpvg:A2025NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel1Membertpvg:A2026NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel2Membertpvg:A2026NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel3Membertpvg:A2026NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345tpvg:A2026NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel1Membertpvg:A2026NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel2Membertpvg:A2026NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel3Membertpvg:A2026NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345tpvg:A2026NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel1Membertpvg:A2027NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel2Membertpvg:A2027NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel3Membertpvg:A2027NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345tpvg:A2027NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel1Membertpvg:A2027NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel2Membertpvg:A2027NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel3Membertpvg:A2027NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345tpvg:A2027NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel1Membertpvg:A2028NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel2Membertpvg:A2028NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel3Membertpvg:A2028NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345tpvg:A2028NotesNetMemberus-gaap:UnsecuredDebtMember2025-09-300001580345us-gaap:FairValueInputsLevel1Membertpvg:A2028NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel2Membertpvg:A2028NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:FairValueInputsLevel3Membertpvg:A2028NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345tpvg:A2028NotesNetMemberus-gaap:UnsecuredDebtMember2024-12-310001580345us-gaap:UnfundedLoanCommitmentMember2025-09-300001580345us-gaap:UnfundedLoanCommitmentMember2024-12-310001580345Etched.AI, Inc.2024-12-310001580345Eightfold AI Inc.2025-09-300001580345Eightfold AI Inc.2024-12-310001580345Incode Technologies, Inc.2025-09-300001580345Incode Technologies, Inc.2024-12-310001580345Project Affinity, Inc.2025-09-300001580345Project Affinity, Inc.2024-12-310001580345ThoughtSpot, Inc.2025-09-300001580345ThoughtSpot, Inc.2024-12-310001580345Bidgely Inc.2025-09-300001580345Bidgely Inc.2024-12-310001580345Rudderstack, Inc.2025-09-300001580345Rudderstack, Inc.2024-12-310001580345Branch Messenger, Inc.2024-12-310001580345Pair Team, PBC2025-09-300001580345Pair Team, PBC2024-12-310001580345Simpplr Inc.2024-12-310001580345Bitonic Technology Labs, Inc.2024-12-310001580345Ao1 Holdings Inc.2025-09-300001580345Ao1 Holdings Inc.2024-12-310001580345Hover Inc.2025-09-300001580345Hover Inc.2024-12-310001580345Muon Space, Inc.2024-12-310001580345Tetrascience, Inc.2025-09-300001580345Tetrascience, Inc.2024-12-310001580345Minted Inc.2025-09-300001580345Minted Inc.2024-12-310001580345Planhub Holdings, LLC2025-09-300001580345Planhub Holdings, LLC2024-12-310001580345All Inspire Health, Inc.2025-09-300001580345All Inspire Health, Inc.2024-12-310001580345Eridu Corporation2025-09-300001580345Eridu Corporation2024-12-310001580345Signal Advisors USA, Inc.2025-09-300001580345Signal Advisors USA, Inc.2024-12-310001580345Equafin Corp.2024-12-310001580345Hydrow, Inc.2025-09-300001580345Hydrow, Inc.2024-12-310001580345Panorama Education, Inc.2025-09-300001580345Panorama Education, Inc.2024-12-310001580345Parry Labs, LLC2025-09-300001580345Parry Labs, LLC2024-12-310001580345Overtime Sports Inc.2025-09-300001580345Overtime Sports Inc.2024-12-310001580345ActiveHours Inc.2025-09-300001580345ActiveHours Inc.2024-12-310001580345Cresta Intelligence Inc.2025-09-300001580345Cresta Intelligence Inc.2024-12-310001580345Corelight, Inc.2025-09-300001580345Corelight, Inc.2024-12-310001580345Ocrolus Inc.2025-09-300001580345Ocrolus Inc.2024-12-310001580345us-gaap:UnfundedLoanCommitmentMember2025-06-300001580345us-gaap:UnfundedLoanCommitmentMember2024-06-300001580345us-gaap:UnfundedLoanCommitmentMember2024-12-310001580345us-gaap:UnfundedLoanCommitmentMember2023-12-310001580345us-gaap:UnfundedLoanCommitmentMember2025-07-012025-09-300001580345us-gaap:UnfundedLoanCommitmentMember2024-07-012024-09-300001580345us-gaap:UnfundedLoanCommitmentMember2025-01-012025-09-300001580345us-gaap:UnfundedLoanCommitmentMember2024-01-012024-09-300001580345us-gaap:UnfundedLoanCommitmentMember2025-09-300001580345us-gaap:UnfundedLoanCommitmentMember2024-09-3000015803452014-01-012025-09-3000015803452022-08-012022-08-310001580345us-gaap:OverAllotmentOptionMember2022-08-012022-08-310001580345tpvg:AtTheMarketOfferingsMember2022-09-300001580345tpvg:SalesAgreementMember2024-05-020001580345tpvg:SalesAgreementMember2025-01-012025-09-300001580345tpvg:SalesAgreementMember2024-01-012024-09-300001580345tpvg:AtTheMarketOfferingsMember2025-09-3000015803452025-03-312025-03-3100015803452025-03-3100015803452025-06-302025-06-3000015803452025-09-302025-09-3000015803452024-03-292024-03-2900015803452024-03-2900015803452024-03-122024-03-1200015803452024-03-1200015803452024-06-282024-06-2800015803452024-06-280001580345tpvg:ATMOfferingMember2024-05-072024-06-100001580345tpvg:ATMOfferingMember2024-06-1000015803452024-09-302024-09-3000015803452024-12-272024-12-2700015803452024-12-2700015803452024-01-012024-12-3100015803452016-01-012016-12-3100015803452014-04-302014-04-3000015803452014-06-172014-06-1700015803452014-09-162014-09-1600015803452014-12-162014-12-1600015803452014-12-312014-12-3100015803452015-04-162015-04-1600015803452015-06-162015-06-1600015803452015-09-162015-09-1600015803452015-12-162015-12-1600015803452016-04-152016-04-1500015803452016-06-162016-06-1600015803452016-09-162016-09-1600015803452016-12-162016-12-1600015803452017-04-172017-04-1700015803452017-06-162017-06-1600015803452017-09-152017-09-1500015803452017-12-012017-12-0100015803452018-04-062018-04-0600015803452018-06-152018-06-1500015803452018-09-142018-09-1400015803452018-12-142018-12-1400015803452018-12-282018-12-2800015803452019-03-292019-03-2900015803452019-06-142019-06-1400015803452019-09-162019-09-1600015803452019-12-162019-12-1600015803452020-03-302020-03-3000015803452020-06-302020-06-3000015803452020-09-152020-09-1500015803452020-12-142020-12-1400015803452021-01-132021-01-1300015803452021-03-312021-03-3100015803452021-06-302021-06-3000015803452021-09-152021-09-1500015803452021-12-152021-12-1500015803452022-03-312022-03-3100015803452022-06-302022-06-3000015803452022-09-302022-09-300001580345tpvg:O2022ADividendsMember2022-12-302022-12-300001580345tpvg:S2022ADividendsMember2022-12-302022-12-3000015803452023-03-312023-03-3100015803452023-06-302023-06-3000015803452023-09-292023-09-2900015803452023-12-292023-12-2900015803452014-04-302025-09-3000015803452014-03-052014-03-3100015803452014-03-052025-09-300001580345tpvg:O2025Q4DividendsMembersrt:ScenarioForecastMemberus-gaap:SubsequentEventMember2025-10-142025-10-140001580345tpvg:O2025Q4SupplementalDividendsMembersrt:ScenarioForecastMemberus-gaap:SubsequentEventMember2025-10-142025-10-140001580345us-gaap:SubsequentEventMember2025-11-040001580345us-gaap:SubsequentEventMember2025-10-012025-11-040001580345tpvg:NonBindingMemberus-gaap:SubsequentEventMember2025-11-040001580345tpvg:CreditFacility1Member2025-01-012025-09-300001580345us-gaap:LineOfCreditMember2025-01-012025-09-300001580345tpvg:A2025NotessMember2025-01-012025-09-300001580345tpvg:A2026NotesMember2025-01-012025-09-300001580345tpvg:A2027NotesMember2025-01-012025-09-3000015803452025-10-012025-11-0400015803452025-04-012025-06-3000015803452025-01-012025-03-3100015803452024-10-012024-12-3100015803452024-04-012024-06-3000015803452024-03-3100015803452024-01-012024-03-3100015803452023-10-012023-12-3100015803452023-09-3000015803452023-07-012023-09-3000015803452023-06-3000015803452023-04-012023-06-3000015803452023-03-3100015803452023-01-012023-03-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________________________________________________________________________________________________________________________________

Form 10-Q

________________________________________________________________________________________________________________________________________________


(Mark One)
x			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2025


¨			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM TO

COMMISSION FILE NUMBER: 814-01044

________________________________________________________________________________________________________________________________________________

TriplePoint Venture Growth BDC Corp.

(Exact name of registrant as specified in its charter)

________________________________________________________________________________________________________________________________________________


Maryland						46-3082016
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

2755 Sand Hill Road, Suite 150, Menlo Park, California 94025

(Address of principal executive office)

(650) 854-2090

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, par value $0.01 per share

TPVG

The New York Stock Exchange

________________________________________________________________________________________________________________________________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨	Smaller reporting company	¨
Emerging growth company	¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

There were 40,399,797 shares of the Registrant’s common stock outstanding as of November 4, 2025.

TRIPLEPOINT VENTURE GROWTH BDC CORP.

TABLE OF CONTENTS


		Page
PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)	1
	Consolidated Statements of Assets and Liabilities as of S eptember 30, 2025 (unaudited) and December 31, 2024	1
	Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 (unaudited) and September 30, 2024 (unaudited)	2
	Consolidated Statements of Changes in Net Assets for the Three and Nine Months Ended S eptember 30, 2025 (unaudited) and S eptember 30, 2024 (unaudited)	3
	Consolidated Statements of Cash Flows for the Nine Months Ended S eptember 30, 2025 (unaudited) and S eptember 30, 2024 (unaudited)	4
	Consolidated Schedules of Investments as of S eptember 30, 2025 (unaudited) and December 31, 2024	5
	Notes to Consolidated Financial Statements (unaudited)	33
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	52
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	68
Item 4.	Controls and Procedures	70
PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	71
Item 1A.	Risk Factors	71
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	71
Item 3.	Defaults Upon Senior Securities	72
Item 4.	Mine Safety Disclosures	72
Item 5.	Other Information	73
Item 6.	Exhibits	76
	Signatures	77

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(in thousands, except per share data)


	September 30, 2025		December 31, 2024

Assets	(unaudited)
Investments at fair value (amortized cost of $828,691 and $713,732, respectively)	$	798,462	$	676,249
Cash and cash equivalents	20,033		45,899
Restricted cash	8,582		32,828
Deferred credit facility costs	2,711		3,904
Prepaid expenses and other assets	5,725		4,160
Total assets	$	835,513	$	763,040

Liabilities
Revolving Credit Facility	$	95,000	$	5,000
2025 Notes, net	—		69,948
2026 Notes, net	199,812		199,483
2027 Notes, net	124,600		124,396
2028 Notes, net	49,423		—
Base management fee payable	3,359		3,408
Income incentive fee payable	—		—
Other accrued expenses and liabilities	8,266		15,118
Total liabilities	$	480,460	$	417,353
Commitments and Contingencies (Note 7)

Net assets
Preferred stock, par value $0.01 per share (50,000 shares authorized; no shares issued and outstanding, respectively)	$	—	$	—
Common stock, par value $0.01 per share	404		401
Paid-in capital in excess of par value	515,372		513,719
Total distributable earnings (loss)	(160,723)		(168,433)
Total net assets	$	355,053	$	345,687
Total liabilities and net assets	$	835,513	$	763,040

Shares of common stock outstanding (par value $0.01 per share and 450,000 authorized)	40,400		40,137
Net asset value per share	$	8.79	$	8.61

See accompanying notes to consolidated financial statements.

TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(in thousands, except per share data)


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2025		2024		2025		2024
Investment income
Interest income from investments	$	17,348	$	21,727	$	52,430	$	69,236
Payment-in-kind interest income	4,796		4,224		13,803		11,833
Other income
Expirations/terminations of unfunded commitments	61		148		517		441
Other fees	451		416		1,636		1,385
Total investment and other income	22,656		26,515		68,386		82,895

Operating expenses
Base management fee	3,359		3,418		9,952		11,552
Income incentive fee	2,062		—		3,321		—

Interest expense and amortization of fees	6,770		7,148		19,874		22,861
Administration Agreement expenses	649		580		1,880		1,838
General and administrative expenses	1,568		1,584		4,357		4,732
Total operating expenses before Income incentive fee waiver	14,408		12,730		39,384		40,983
Income incentive fee waiver	(2,062)		—		(3,321)		—
Total operating expenses net of Income incentive fee waiver	12,346		12,730		36,063		40,983

Net investment income	10,310		13,785		32,323		41,912

Net realized and unrealized gains/(losses)
Net realized gains (losses) on investments	(704)		(5,040)		1,517		(32,693)
Net change in unrealized gains (losses) on investments	5,627		13,889		7,255		30,011

Net realized and unrealized gains/(losses)	4,923		8,849		8,772		(2,682)

Net increase (decrease) in net assets resulting from operations	$	15,233	$	22,634	$	41,095	$	39,230

Per share information (basic and diluted)
Net investment income per share	$	0.26	$	0.35	$	0.80	$	1.08
Net increase (decrease) in net assets per share	$	0.38	$	0.57	$	1.02	$	1.01
Weighted average shares of common stock outstanding	40,325		39,954		40,233		38,782

Regular distributions declared per share	$	0.23	$	0.30	$	0.83	$	1.10

See accompanying notes to consolidated financial statements.

TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(unaudited)

(in thousands)


				Paid-in capital in excess of par value		Total distributable earnings (loss)		Net assets
	Common stock
	Shares	Par value








Balance as of June 30, 2024	39,953	$	399	$	514,023	$	(161,445)	$	352,977
Net increase (decrease) in net assets resulting from operations	—	—		—		22,634		22,634

Distributions reinvested in common stock	96	1		645		—		646
Distributions from distributable earnings	—	—		—		(11,986)		(11,986)

Balance as of September 30, 2024	40,049	$	400	$	514,668	$	(150,797)	$	364,271

Balance as of June 30, 2025	40,324	$	403	$	514,956	$	(166,682)	$	348,677
Net increase (decrease) in net assets resulting from operations	—	—		—		15,233		15,233

Distributions reinvested in common stock	76	1		416		—		417
Distributions from distributable earnings	—	—		—		(9,274)		(9,274)


Balance as of September 30, 2025	40,400	$	404	$	515,372	$	(160,723)	$	355,053

Balance as of December 31, 2023	37,620	$	376	$	492,934	$	(147,004)	$	346,306
Net increase (decrease) in net assets resulting from operations	—	—		—		39,230		39,230
Issuance of common stock, net	2,127	21		19,404		—		19,425
Distributions reinvested in common stock	302	3		2,330		—		2,333
Distributions from distributable earnings	—	—		—		(43,023)		(43,023)

Balance as of September 30, 2024	40,049	$	400	$	514,668	$	(150,797)	$	364,271

Balance as of December 31, 2024	40,137	$	401	$	513,719	$	(168,433)	$	345,687
Net increase (decrease) in net assets resulting from operations	—	—		—		41,095		41,095

Distributions reinvested in common stock	263	3		1,653		—		1,656
Distributions from distributable earnings	—	—		—		(33,385)		(33,385)


Balance as of September 30, 2025	40,400	$	404	$	515,372	$	(160,723)	$	355,053

See accompanying notes to consolidated financial statements.

TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(dollars in thousands)


	For the Nine Months Ended September 30,
	2025		2024
Cash Flows from Operating Activities:
Net increase (decrease) in net assets resulting from operations	$	41,095	$	39,230
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Fundings and purchases of investments	(198,001)		(85,831)
Principal payments and proceeds from investments	105,805		179,276
Payment-in-kind interest on investments	(13,803)		(11,833)
Net change in unrealized (gains) losses on investments	(7,255)		(30,011)
Net realized (gains) losses on investments	(1,517)		32,693
Amortization and (accretion) of premiums and discounts, net	(4,010)		(3,465)
(Accretion) reduction of end-of-term payments, net of prepayments	(3,432)		342
Amortization of debt fees and issuance costs	1,961		1,902

Change in operating assets and liabilities:
Prepaid expenses and other assets	(1,565)		(1,840)
Base management fee payable	(49)		(1,072)


Other accrued expenses and liabilities	(6,852)		(13,071)
Net cash (used in) provided by operating activities	(87,623)		106,320
Cash Flows from Financing Activities:
Borrowings under revolving credit facility	90,000		155,000
Repayments under revolving credit facility	—		(360,000)
Distributions paid	(31,729)		(40,690)
Deferred credit facility costs	(20)		(3,065)
Proceeds from issuance of 2028 Notes	50,000		—
Debt issuance costs	(740)		—





Repayment of 2025 Notes	(70,000)		—

Proceeds from the issuance of common stock, net	—		19,425
Net cash provided by (used in) financing activities	37,511		(229,330)
Net change in cash, cash equivalents and restricted cash	(50,112)		(123,010)
Cash, cash equivalents and restricted cash at beginning of period	78,727		171,582
Cash, cash equivalents and restricted cash at end of period	$	28,615	$	48,572

	For the Nine Months Ended September 30,
	2025		2024
Cash and cash equivalents	$	20,033	$	48,283
Restricted cash	8,582		289
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	28,615	$	48,572

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	$	21,602	$	23,339
Distributions reinvested	$	1,656	$	2,333
Excise tax paid	$	1,562	$	1,470

See accompanying notes to consolidated financial statements.


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Investment	Acquisition Date(12)	Outstanding Principal		Cost(6)		Fair Value		Maturity Date

Debt Investments

Aerospace and Defense
Parry Labs, LLC	Growth Capital Loan (Prime + 3.50% interest rate, 11.25% floor, 5.00% EOT payment)	12/20/2024	$	19,500	$	19,430	$	19,430	12/1/2028
	Revolver (Prime + 2.50% interest rate, 10.25% floor, 3.00% EOT payment)(2)	3/12/2025	—		—		—		12/20/2026
Total Aerospace and Defense - 5.47%*			19,500		19,430		19,430

Business Applications Software
Arcadia Power, Inc.	Growth Capital Loan (11.75% interest rate, 7.75% EOT payment)	5/6/2022	2,902		2,834		2,834		11/30/2026
	Growth Capital Loan (11.75% interest rate, 7.75% EOT payment)	6/29/2022	7,000		7,312		7,312		12/31/2026
			9,902		10,146		10,146
FlashParking, Inc.	Growth Capital Loan (Prime + 1.75% cash interest rate + 2.50% PIK interest, 12.75% floor)	6/26/2024	20,651		20,440		20,440		5/31/2027
Farmer's Business Network, Inc.	Convertible Note (15.00% interest rate)(2)	9/28/2023	14		14		14		9/27/2025
NewStore Inc.	Growth Capital Loan (Prime + 4.00% interest rate, 11.50% floor, 6.25% EOT payment)(2)	1/29/2024	2,500		2,559		2,559		1/31/2027
Radar Labs, Inc.	Growth Capital Loan (Prime + 2.15% interest rate, 9.50% floor, 2.25% EOT payment)	9/30/2025	11,000		10,931		10,931		9/1/2028
Total Business Applications Software - 12.42%*			44,067		44,090		44,090

Business Products and Services
Equafin Corp.	Growth Capital Loan (Prime + 1.25% interest rate, 8.00% floor, 3.50% EOT payment)(2)	4/17/2025	123		123		123		4/1/2028
Muon Space, Inc.	Growth Capital Loan (Prime + 0.00% interest rate, 7.00% floor, 6.00% EOT payment)	5/30/2025	2,143		2,133		2,202		11/1/2027
	Growth Capital Loan (Prime + 0.00% interest rate, 7.00% floor, 6.00% EOT payment)(2)	8/12/2025	2,011		1,981		1,981		2/1/2028
			4,154		4,114		4,183
Quick Commerce Ltd(1)(3)	Growth Capital Loan (6.00% PIK interest, 7.50% EOT payment)(2)	5/4/2022	11,838		10,367		9,300		12/31/2028
	Growth Capital Loan (6.00% PIK interest, 7.50% EOT payment)(2)	10/19/2023	1,127		987		886		12/31/2028
			12,965		11,354		10,186
Total Business Products and Services - 4.08%*			17,242		15,591		14,492

Business/Productivity Software
Ao1 Holdings, Inc.	Growth Capital Loan (Prime + 1.00% interest rate, 7.75% floor, 3.00% EOT payment)	12/13/2024	3,997		3,999		3,999		12/1/2027
Bitonic Technology Labs, Inc.	Growth Capital Loan (Prime + 3.25% interest rate, 10.75% floor, 2.75% EOT payment)(2)	8/1/2025	11,250		11,165		11,165		8/1/2029
Forum Brands, LLC	Growth Capital Loan (12.00% PIK interest, 5.48% EOT payment)(2)	6/1/2025	13,663		14,296		12,694		5/1/2027
	Growth Capital Loan (12.00% PIK interest, 5.48% EOT payment)(2)	6/1/2025	17,100		17,749		15,905		5/1/2027
	Growth Capital Loan (Prime + 5.75% PIK interest, 4.52% EOT payment)(2)	6/1/2025	3,473		3,490		3,262		5/1/2027
	Growth Capital Loan (12.00% PIK interest)(2)	6/1/2025	2,386		2,385		2,064		5/1/2027
	Convertible Note (12.00% PIK interest)(2)	8/8/2025	2		2		2		5/1/2027
			36,624		37,922		33,927
PlanHub, Inc.	Growth Capital Loan (SOFR + 7.40% interest rate, 8.15% floor)(13)(14)	9/9/2025	26,250		25,859		25,859		8/23/2031
Total Expert Inc.	Growth Capital Loan (Prime + 2.15% interest rate, 9.65% floor, 3.00% EOT payment)	9/29/2025	22,500		21,922		21,922		9/1/2029
Total Business/Productivity Software - 27.28%*			100,621		100,867		96,872


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Investment	Acquisition Date(12)	Outstanding Principal		Cost(6)		Fair Value		Maturity Date

Consumer Non-Durables
Don't Run Out, Inc.	Growth Capital Loan (Prime + 8.75% interest rate, 16.25% floor, 11.00% EOT payment)	12/30/2021	$	1,000	$	1,106	$	1,106	10/31/2025
	Growth Capital Loan (Prime + 5.00% interest rate, 12.50% floor, 9.00% EOT payment)	10/31/2022	47		135		135		10/31/2025
Total Consumer Non-Durables - 0.35%*			1,047		1,241		1,241

Consumer Products and Services
Fiton Inc.	Growth Capital Loan (Prime + 4.00% interest rate, 11.25% floor, 2.00% EOT payment)	2/29/2024	8,889		8,831		8,831		8/1/2027
	Growth Capital Loan (Prime + 4.00% interest rate, 11.25% floor, 2.00% EOT payment)	3/8/2024	1,111		1,103		1,103		9/1/2027
	Growth Capital Loan (Prime + 4.00% interest rate, 11.25% floor, 2.00% EOT payment)	6/28/2024	1,000		989		989		12/1/2027
			11,000		10,923		10,923
Flink SE(1)(3)	Growth Capital Loan (9.75% PIK interest, 6.75% EOT payment)(2)	7/5/2022	14,709		15,138		10,876		8/31/2028
	Growth Capital Loan (9.75% PIK interest, 6.75% EOT payment)(2)	10/21/2022	14,709		15,085		10,876		8/31/2028
			29,418		30,223		21,752
Frubana Inc.(1)(3)(7)	Growth Capital Loan (Prime + 6.25% interest rate, 9.75% floor, 5.00% EOT payment)(2)	1/25/2023	116		121		45		1/31/2027
	Growth Capital Loan (Prime + 8.00% interest rate, 11.50% floor, 6.00% EOT payment)(2)	4/3/2023	2,948		3,195		1,131		10/31/2026
	Growth Capital Loan (Prime + 8.00% interest rate, 11.50% floor, 7.50% EOT payment)(2)	10/3/2023	8,000		8,095		3,069		10/31/2026
			11,064		11,411		4,245
Hydrow, Inc.	Growth Capital Loan (Prime + 3.50% interest rate, 11.25% floor, 9.00% EOT payment)	12/30/2024	16,657		16,899		15,520		12/1/2027
	Revolver (Prime + 2.00% interest rate, 9.75% floor, 7.00% EOT payment)(2)	12/30/2024	9,430		9,430		8,821		12/31/2026
			26,087		26,329		24,341
JOKR S.à r.l.(1)(3)	Growth Capital Loan (8.70% cash interest rate + 5.80% PIK interest, 14.00% EOT payment)(2)	11/3/2021	3,033		3,234		2,856		12/31/2026
	Growth Capital Loan (10.95% cash interest rate + 7.30% PIK interest, 14.00% EOT payment)(2)	8/17/2022	1,177		1,220		1,120		12/31/2026
	Revolver (Prime + 5.75% interest rate, 9.00% floor, 3.00% EOT payment)(2)	11/2/2021	529		560		531		6/30/2026
			4,739		5,014		4,507
Nakdcom One World AB(1)(3)(7)	Growth Capital Loan (Prime + 8.25% interest rate, 11.50% floor, 10.00% EOT payment)(2)	6/6/2022	6,620		5,933		5,460		12/31/2026
	Growth Capital Loan (Prime + 8.25% interest rate, 11.50% floor, 10.00% EOT payment)(2)	8/29/2022	3,713		3,307		3,275		12/31/2026
			10,333		9,240		8,735
Project 1920, Inc.(7)	Growth Capital Loan (Prime + 6.25% interest rate, 9.50% floor, 6.50% EOT payment)(2)	3/25/2022	1,927		1,973		419		3/31/2025
	Revolver (Prime + 5.75% interest rate, 9.00% floor, 2.00% EOT payment)(2)	3/25/2022	2,100		2,142		456		3/25/2024
			4,027		4,115		875
MA Micro Limited(1)(3)	Convertible Note(2)(8)	12/31/2023	4,166		2,713		1,134		12/31/2028
	Growth Capital Loan(2)(8)	12/31/2023	4,166		1,442		860		12/31/2026
	Growth Capital Loan(2)(8)	12/31/2023	1,389		1,186		252		12/31/2028
			9,721		5,341		2,246
Total Consumer Products and Services - 21.86%*			106,389		102,596		77,624

Communication Software
Simpplr Inc.	Growth Capital Loan (Prime + 1.50% interest rate, 9.00% floor, 1.50% EOT payment)	4/23/2025	9,375		9,330		9,330		4/1/2026
Total Communication Software - 2.63%*			9,375		9,330		9,330


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Investment	Acquisition Date(12)	Outstanding Principal		Cost(6)		Fair Value		Maturity Date

Consumer Retail
Savage X, Inc.	Growth Capital Loan (Prime + 8.25% interest rate, 15.75% floor, 7.50% EOT payment)	5/15/2024	$	500	$	468	$	468	6/26/2028
	Growth Capital Loan (Prime + 8.25% interest rate, 15.75% floor, 7.50% EOT payment)	5/15/2024	2,000		1,730		1,730		6/26/2028
	Growth Capital Loan (Prime + 8.25% interest rate, 15.75% floor, 7.50% EOT payment)	5/15/2024	3,750		3,243		3,243		6/26/2028
Total Consumer Retail - 1.53%*			6,250		5,441		5,441

Database Software
TetraScience, Inc.	Growth Capital Loan (Prime + 3.25% interest rate, 10.25% floor, 6.00% EOT payment)	1/24/2025	10,000		10,038		10,038		7/1/2028
Total Database Software - 2.83%*			10,000		10,038		10,038

E-Commerce - Clothing and Accessories
FabFitFun, Inc.	Growth Capital Loan (Prime + 7.00% interest rate, 13.00% floor, 6.75% EOT payment)	9/29/2021	10,150		9,585		9,585		7/30/2027
Fabletics, Inc.	Growth Capital Loan (9.00% PIK interest, 2.50% EOT payment)(2)	4/25/2024	4,028		3,706		3,706		4/25/2029
Minted, Inc.	Growth Capital Loan (Prime + 4.25% interest rate, 11.00% floor, 4.00% EOT payment)	6/30/2025	17,857		17,902		18,089		6/1/2029
	Revolver (Prime + 2.50% interest rate, 9.25% floor)(2)	6/30/2025	9,524		9,524		9,611		12/30/2027
	Revolver (Prime + 2.00% interest rate, 8.75% floor)(2)	8/29/2025	2,381		2,381		2,403		12/30/2027
			29,762		29,807		30,103
Outfittery GMBH(1)(3)	Growth Capital Loan (11.00% PIK interest, 14.73% EOT payment)(2)	1/1/2021	29,590		33,052		27,736		1/1/2030
	Revolver (9.00% PIK interest, 7.53% EOT payment)(2)	1/1/2021	4,581		4,889		4,582		1/1/2030
	Revolver (9.00% PIK interest, 9.00% EOT payment)(2)	12/28/2022	2,590		2,782		2,684		1/1/2030
			36,761		40,723		35,002
Trendly, Inc.	Growth Capital Loan (Prime + 7.75% interest rate, 15.75% floor, 11.50% EOT payment)	5/27/2021	19,500		21,320		20,214		3/31/2027
	Growth Capital Loan (Prime + 7.75% interest rate, 15.75% floor, 11.50% EOT payment)	6/7/2022	3,000		3,195		3,141		3/31/2027
	Growth Capital Loan (Prime + 7.75% interest rate, 15.75% floor, 11.50% EOT payment)	6/7/2022	5,500		5,888		5,747		3/31/2027
			28,000		30,403		29,102
Total E-Commerce - Clothing and Accessories - 30.28%*			108,701		114,224		107,498

Educational/Training Software
Panorama Education, Inc.	Growth Capital Loan (Prime + 2.00% interest rate, 10.50% floor, 7.50% EOT payment)	7/30/2024	6,000		6,151		6,151		1/1/2027
	Growth Capital Loan (Prime + 1.75% interest rate, 10.25% floor, 7.50% EOT payment)	3/28/2025	4,000		3,996		3,996		9/1/2028
	Growth Capital Loan (Prime + 1.75% interest rate, 10.25% floor, 7.50% EOT payment)	8/27/2025	1,514		1,498		1,498		2/1/2029
	Revolver (Prime + 1.00% interest rate, 9.50% floor, 4.00% EOT payment)(2)	7/30/2024	—		—		—		7/31/2027
Total Educational/Training Software - 3.28%*			11,514		11,645		11,645

Entertainment
Luminary Roli Limited(1)(3)	Growth Capital Loan(2)(8)	8/31/2021	35,492		29,530		9,980		8/31/2026
Mind Candy Limited(1)(3)(7)	Growth Capital Loan (12.00% PIK interest)(2)	6/25/2014	25,451		21,222		9,563		12/31/2025
	Growth Capital Loan (9.00% PIK interest)(2)	3/17/2020	1,655		1,444		636		12/31/2025
	Growth Capital Loan (9.00% PIK interest)(2)	12/21/2020	1,544		1,347		594		12/31/2025
			28,650		24,013		10,793
Total Entertainment - 5.85%*			64,142		53,543		20,773

Financial Institution and Services
Prodigy Investments Limited(1)(3)	Growth Capital Loan (14.28% PIK interest)(2)	12/31/2020	40,828		40,780		39,894		12/31/2025
Total Financial Institution and Services - 11.24%*			40,828		40,780		39,894


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Investment	Acquisition Date(12)	Outstanding Principal		Cost(6)		Fair Value		Maturity Date

Financial Software
Branch Messenger, Inc.	Revolver (Prime + 3.25% interest rate, 10.75% floor, 2.00% EOT payment)(2)	5/2/2025	$	5,567	$	5,567	$	5,567	9/30/2027
Ocrolus, Inc.	Growth Capital Loan (Prime + 2.50% interest rate, 9.75% floor, 5.00% EOT payment)	8/14/2024	7,143		7,205		7,205		2/1/2028
	Growth Capital Loan (Prime + 2.50% interest rate, 9.75% floor, 5.00% EOT payment)	4/22/2025	2,857		2,842		2,842		10/1/2028
			10,000		10,047		10,047
Total Financial Software - 4.40%*			15,567		15,614		15,614

Healthcare Technology Systems
Kalderos, Inc.	Growth Capital Loan (Prime + 3.75% interest rate, 10.75% floor, 4.00% EOT payment)	1/31/2025	13,000		13,022		13,022		1/1/2028
K Health, Inc.	Growth Capital Loan (Prime + 2.25% interest rate, 10.00% floor, 4.75% EOT payment)(2)	7/14/2023	2,130		2,298		2,298		7/31/2026
Thirty Madison, Inc.	Growth Capital Loan (Prime + 6.00% interest rate, 12.25% floor, 6.00% EOT payment)	12/30/2022	20,000		21,127		21,127		12/31/2025
	Growth Capital Loan (Prime + 4.75% interest rate, 11.00% floor, 6.00% EOT payment)(2)	6/12/2023	24,339		24,974		24,464		6/12/2027
	Growth Capital Loan (Prime + 4.75% interest rate, 11.00% floor, 6.00% EOT payment)(2)	6/14/2023	1,833		1,854		1,817		6/12/2027
			46,172		47,955		47,408
Total Healthcare Technology Systems - 17.67%*			61,302		63,275		62,728

Information Services (B2C)
Infinite Athlete, Inc. (f/k/a Tempus Ex Machina, Inc.)	Growth Capital Loan (Prime + 5.50% interest rate, 11.00% floor, 5.25% EOT payment)	5/4/2023	1,068		1,103		1,103		2/28/2027
	Growth Capital Loan (Prime + 5.75% interest rate, 11.75% floor, 5.50% EOT payment)	5/4/2023	1,070		1,101		1,101		5/31/2027
Total Information Services (B2C) - 0.62%*			2,138		2,204		2,204

Insurance
Bestow Inc.	Growth Capital Loan (Prime + 2.25% interest rate, 8.25% floor, 3.50% EOT payment)	5/2/2025	9,000		9,023		9,023		1/1/2029
	Growth Capital Loan (Prime + 3.15% interest rate, 9.15% floor, 3.50% EOT payment)	5/2/2025	22,000		22,056		22,056		1/1/2029
Total Insurance - 8.75%*			31,000		31,079		31,079

Multimedia and Design Software
Hover Inc.	Growth Capital Loan (Prime + 3.00% interest rate, 9.50% floor, 6.00% EOT payment)	9/10/2024	16,000		16,102		16,102		3/31/2029
	Growth Capital Loan (Prime + 3.00% interest rate, 9.50% floor, 6.00% EOT payment)(2)	9/12/2025	2,000		1,948		1,948		3/31/2030
Total Multimedia and Design Software - 5.08%*			18,000		18,050		18,050

Other Financial Services
Jerry Services, Inc.	Growth Capital Loan (10.00% interest rate, 8.25% EOT payment)	6/13/2022	10,000		10,825		10,825		9/30/2025
	Growth Capital Loan (13.75% interest rate, 8.25% EOT payment)	3/17/2023	10,000		10,540		10,572		6/30/2026
			20,000		21,365		21,397
Monzo Bank Limited(1)(3)	Growth Capital Loan (12.00% interest rate)(2)	3/8/2021	7,035		7,008		6,935		3/8/2026
Total Other Financial Services - 7.98%*			27,035		28,373		28,332


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Investment	Acquisition Date(12)	Outstanding Principal		Cost(6)		Fair Value		Maturity Date

Real Estate Services
Homeward, Inc.	Growth Capital Loan (Prime + 6.50% interest rate, 9.75% floor, 9.75% EOT payment)	12/30/2021	$	7,633	$	8,383	$	8,287	6/30/2026
True Footage Inc.	Growth Capital Loan (14.00% interest rate, 9.00% EOT payment)	12/3/2021	250		274		271		11/30/2025
	Growth Capital Loan (14.00% interest rate, 8.00% EOT payment)	12/3/2021	400		466		458		11/30/2025
	Growth Capital Loan (14.00% interest rate, 9.00% EOT payment)	12/3/2021	220		241		239		11/30/2025
	Growth Capital Loan (14.00% interest rate, 10.00% EOT payment)	12/13/2021	105		116		115		11/30/2025
	Growth Capital Loan (14.00% interest rate, 9.00% EOT payment)	12/13/2021	440		482		477		11/30/2025
	Growth Capital Loan (14.00% interest rate, 9.00% EOT payment)	12/15/2021	208		228		225		11/30/2025
	Growth Capital Loan (14.00% interest rate, 10.00% EOT payment)	12/15/2021	150		166		164		11/30/2025
	Growth Capital Loan (14.00% interest rate, 8.00% EOT payment)	12/15/2021	1,372		1,488		1,474		11/30/2025
	Growth Capital Loan (14.00% interest rate, 8.00% EOT payment)	12/21/2021	760		824		816		11/30/2025
	Growth Capital Loan (14.00% interest rate, 9.00% EOT payment)	1/31/2022	170		186		184		11/30/2025
	Growth Capital Loan (14.00% interest rate, 10.00% EOT payment)	2/25/2022	115		128		126		11/30/2025
	Growth Capital Loan (14.00% interest rate, 7.00% EOT payment)	3/15/2022	300		322		319		11/30/2025
	Growth Capital Loan (14.00% interest rate, 7.00% EOT payment)	4/22/2022	1,110		1,192		1,179		11/30/2025
	Growth Capital Loan (14.00% interest rate, 7.00% EOT payment)	4/22/2022	990		1,065		1,053		11/30/2025
	Growth Capital Loan (14.00% interest rate, 8.00% EOT payment)	5/23/2022	216		234		232		11/30/2025
	Growth Capital Loan (14.00% interest rate, 6.00% EOT payment)	7/19/2022	200		213		211		11/30/2025
	Growth Capital Loan (14.00% interest rate, 7.00% EOT payment)	7/19/2022	100		107		106		11/30/2025
	Growth Capital Loan (11.00% interest rate, 7.00% EOT payment)	12/5/2022	150		159		151		12/31/2025
	Growth Capital Loan (11.00% interest rate, 7.00% EOT payment)	12/5/2022	361		383		363		12/31/2025
	Growth Capital Loan (11.00% interest rate, 6.00% EOT payment)	12/5/2022	565		594		563		12/31/2025
	Growth Capital Loan (11.00% interest rate, 6.00% EOT payment)	5/23/2023	240		249		226		5/31/2026
	Growth Capital Loan (11.00% interest rate, 7.00% EOT payment)	5/23/2023	434		453		412		5/31/2026
	Growth Capital Loan (11.00% interest rate, 8.00% EOT payment)	5/23/2023	720		757		691		5/31/2026
			9,576		10,327		10,055
Total Real Estate Services - 5.17%*			17,209		18,710		18,342

Semiconductors
Etched.AI, Inc.	Revolver (Prime + 4.00% interest rate, 10.75% floor)	7/18/2025	4,500		4,500		4,500		4/30/2028
Total Semiconductors - 1.27%*			4,500		4,500		4,500

Shopping Facilitators
Moda Operandi, Inc.	Growth Capital Loan (Prime + 6.50% interest rate, 13.00% floor, 7.00% EOT payment)(2)	8/16/2024	14,650		14,643		14,650		8/1/2026
	Growth Capital Loan (Prime + 4.00% interest rate, 10.50% floor, 7.00% EOT payment)(2)	8/16/2024	11,000		11,659		11,000		12/31/2025
Total Shopping Facilitators - 7.22%*			25,650		26,302		25,650

Total Debt Investments - 187.26%*			$	742,077	$	736,923	$	664,867


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Warrant	Acquisition Date(12)	Shares	Cost(6)		Fair Value

Warrant Investments(8)

Advertising / Marketing
InMobi Pte Ltd.(1)(3)	Ordinary Shares(2)	12/13/2013	48,500	$	35	$	13
Total Advertising / Marketing - 0.00%*				35		13

Aerospace and Defense
Loft Orbital Solutions Inc.	Common Stock	7/15/2022	22,488	191		344
Parry Labs, LLC	Preferred Stock	12/20/2024	2,727	145		81
Total Aerospace and Defense - 0.12%*				336		425

Application Software
Flo Health, Inc.(1)(3)	Preferred Stock	5/10/2022	13,487	123		274
Total Application Software - 0.08%*				123		274

Business Applications Software
Arcadia Power, Inc.	Preferred Stock	12/10/2021	55,458	138		45
	Preferred Stock	6/29/2022	27,714	164		11
				302		56
Cresta Intelligence, Inc.	Common Stock(2)	6/6/2024	9,935	8		23
DialPad, Inc.	Preferred Stock(2)	8/3/2020	28,980	102		23
Envoy, Inc.	Preferred Stock(2)	5/8/2020	358,930	82		183
Farmer's Business Network, Inc.	Preferred Stock(2)	1/3/2020	37,666	33		24
Filevine, Inc.	Preferred Stock(2)	4/20/2021	186,160	38		882
FlashParking, Inc.	Preferred Stock	6/15/2021	210,977	810		1,213
	Preferred Stock	6/26/2024	51,677	140		112
				950		1,325
Narvar, Inc.	Preferred Stock(2)	8/28/2020	87,160	102		102
NewStore Inc.	Preferred Stock(2)	11/16/2022	122,353	36		4
Passport Labs, Inc.	Preferred Stock(2)	9/28/2018	21,929	303		590
Project Affinity, Inc.	Preferred Stock(2)	4/26/2024	188,021	45		62
Quantcast Corporation	Cash Exit Fee(2)(5)	8/9/2018		213		161
Uniphore Technologies Inc.	Common Stock(2)	12/22/2021	35,000	34		100
Radar Labs, Inc.	Common Stock	9/30/2025	5,420	15		15
Total Business Applications Software - 1.00%*				2,263		3,550

Business Products and Services
Cart.com, Inc.	Common Stock(2)	12/30/2021	32,731	477		737
	Preferred Stock(2)	3/31/2022	4,532	25		60
				502		797
Equafin Corp.	Common Stock(2)	4/17/2025	2,493	3		3
LeoLabs, Inc.	Preferred Stock(2)	1/20/2022	218,512	197		227
Muon Space, Inc.	Preferred Stock	12/30/2024	90,997	117		127
Substack Inc.	Preferred Stock(2)	7/13/2022	1,141	6		6
Total Business Products and Services - 0.33%*				825		1,160

Business/Productivity Software
Ao1 Holdings, Inc.	Preferred Stock	12/13/2024	42,882	55		31
Bidgely Inc.	Common Stock(2)	7/30/2025	17,273	23		23
Bitonic Technology Labs, Inc.	Common Stock(2)	8/1/2025	42,415	49		49
Forum Brands Holdings, Inc.	Preferred Stock(2)	7/6/2021	49,892	626		66
Incode Technologies, Inc.	Preferred Stock(2)	7/18/2025	198,805	203		203
Metropolis Technologies, Inc.	Common Stock(2)	3/30/2022	87,385	87		1,039
Total Expert Inc.	Common Stock	9/29/2025	256,623	354		354
Thoughtspot, Inc.	Common Stock(2)	3/3/2025	63,931	404		404
Rudderstack, Inc.	Common Stock(2)	6/30/2025	20,215	68		68
Total Business/Productivity Software - 0.63%*				1,869		2,237


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Warrant	Acquisition Date(12)	Shares	Cost(6)		Fair Value

Business to Business Marketplace
Optoro, Inc.	Preferred Stock(2)	7/13/2015	10,346	$	40	$	67
RetailNext, Inc.	Preferred Stock(2)	11/16/2017	123,420	80		111
Total Business to Business Marketplace - 0.05%*				120		178

Communication Software
Simpplr Inc.	Common Stock	4/26/2025	56,611	280		280
Total Communication Software - 0.08%*				280		280

Commercial Services
Transfix, Inc.	Preferred Stock(2)	5/31/2019	133,502	188		188
Total Commercial Services - 0.05%*				188		188

Computer Hardware
Eridu Corporation	Preferred Stock(2)	3/31/2025	10,235	5		5
Grey Orange International Inc.	Preferred Stock(2)	3/16/2021	52,773	183		121
Total Computer Hardware - 0.04%*				188		126

Consumer Finance
Activehours, Inc. (d/b/a Earnin)	Preferred Stock(2)	10/8/2020	114,327	370		1,707
Total Consumer Finance - 0.48%*				370		1,707

Consumer Non-Durables
Athletic Greens International, Inc.	Ordinary Shares(2)	6/3/2022	2,262	85		84
Don't Run Out, Inc.	Preferred Stock	12/30/2021	42,929	30		13
Total Consumer Non-Durables - 0.03%*				115		97

Consumer Products and Services
AvantStay, Inc.	Common Stock	12/12/2022	24,495	151		188
Baby Generation, Inc.	Common Stock(2)	1/26/2022	33,964	25		25
everdrop GmbH(1)(3)	Preferred Stock(2)	3/16/2022	14	25		27
FitOn Inc.	Common Stock(2)	2/29/2024	73,807	162		156
Flink SE(1)(3)	Common Stock(2)	4/13/2022	178	339		—
Foodology Inc.(1)(3)	Preferred Stock	3/25/2022	26,619	116		86
Frubana Inc.(1)(3)	Preferred Stock(2)	9/30/2022	15,987	334		—
Hydrow, Inc.	Common Stock	2/9/2021	1,252,355	232		—
	Preferred Stock	12/30/2024	6,549,320	26		26
				258		26
Lower Holding Company	Preferred Stock	12/28/2022	395,425	189		24
Nakdcom One World AB(1)(3)	Preferred Stock(2)	6/2/2022	894,182	1,258		—
Pair Eyewear, Inc.	Common Stock(2)	7/12/2022	2,288	5		7
Project 1920, Inc.	Preferred Stock(2)	3/25/2022	41,140	23		—
Quip NYC, Inc.	Preferred Stock(2)	11/26/2018	41,272	455		1,171
Tempo Interactive Inc.	Preferred Stock(2)	3/31/2021	14,709	93		11
The Black Tux Holdings, Inc.	Preferred Stock(2)	11/5/2021	142,939	139		469
Total Consumer Products and Services - 0.62%*				3,572		2,190

Consumer Retail
LovePop, Inc.	Preferred Stock(2)	10/23/2018	163,463	168		127
Savage X, Inc.	Preferred Stock	4/7/2020	178,697	670		518
Total Consumer Retail - 0.18%*				838		645


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Warrant	Acquisition Date(12)	Shares	Cost(6)		Fair Value

Database Software
Sisense, Inc.	Cash Exit Fee(2)(5)	12/28/2021		$	190	$	465
TetraScience, Inc.	Preferred Stock	1/24/2025	106,100	20		20
Total Database Software - 0.14%*				210		485

E-Commerce - Clothing and Accessories
FabFitFun, Inc.	Preferred Stock(2)	11/20/2017	331,048	940		232
	Common Stock	9/29/2023	313,236	822		701
				1,762		933
Minted, Inc.	Preferred Stock	9/30/2020	51,979	516		235
Outfittery GMBH(1)(3)	Cash Exit Fee(2)(5)	8/10/2017		1,850		1,401
Rent the Runway, Inc.	Common Stock(2)	11/25/2015	11,862	1,294		—
Stance, Inc.	Preferred Stock(2)	3/31/2017	75,000	41		70
Trendly, Inc.	Preferred Stock	5/27/2021	574,742	381		293
	Preferred Stock	6/7/2022	57,924	44		17
				425		310
Untuckit LLC	Cash Exit Fee(2)(5)	5/11/2018		39		57
Total E-Commerce - Clothing and Accessories - 0.85%*				5,927		3,006

E-Commerce - Personal Goods
Grove Collaborative, Inc.	Common Stock(2)	4/2/2018	62,128	219		—
	Common Stock(2)	5/22/2019	25,664	228		—
				447		—
Merama Inc.	Preferred Stock(2)	4/28/2021	191,274	405		1,100
Total E-Commerce - Personal Goods - 0.31%*				852		1,100

Educational/Training Software
Panorama Education, Inc.	Preferred Stock	7/30/2024	5,154	50		40
Total Educational/Training Software - 0.01%*				50		40

Entertainment
Mind Candy, Inc.(1)(3)	Preferred Stock(2)	3/24/2017	278,209	922		—
Total Entertainment - 0.00%*				922		—

Financial Institution and Services
BlueVine Capital, Inc.	Preferred Stock(2)	9/15/2017	271,293	361		1,416
Prodigy Investments Limited(1)(3)	Ordinary Shares(2)	12/5/2017	56,241	869		332
Revolut Ltd(1)(3)	Ordinary Shares(2)	4/16/2018	6,253	40		6,403
	Ordinary Shares(2)	10/29/2019	7,945	324		7,762
				364		14,165
WorldRemit Group Limited(1)(3)	Preferred Stock(2)	12/23/2015	128,290	382		1,530
	Preferred Stock(2)	12/23/2015	46,548	136		496
				518		2,026
Total Financial Institution and Services - 5.05%*				2,112		17,939

Financial Software
Branch Messenger, Inc.	Preferred Stock(2)	3/27/2025	111,026	147		72
Ocrolus, Inc.	Common Stock	8/14/2024	116,887	96		81
Total Financial Software - 0.04%*				243		153

Food & Drug
Capsule Corporation	Preferred Stock	1/17/2020	202,533	437		34
	Cash Exit Fee(5)	12/28/2018		129		123
Total Food & Drug - 0.04%*				566		157

General Media and Content
Overtime Sports, Inc.	Preferred Stock(2)	5/4/2022	33,510	70		54
Thrillist Media Group, Inc.	Common Stock(2)	9/24/2014	774,352	624		1,092
Total General Media and Content - 0.32%*				694		1,146


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Warrant	Acquisition Date(12)	Shares	Cost(6)		Fair Value

Healthcare Services
Found Health, Inc.	Preferred Stock(2)	3/25/2022	49,304	$	22	$	16
Pair Team, PBC	Common Stock(2)	7/29/2025	1,596	2		2
Vial Health Technology, Inc.	Preferred Stock(2)	12/14/2022	48,889	33		33
Total Healthcare Services - 0.01%*				57		51

Healthcare Technology Systems
All Inspire Health, Inc.	Preferred Stock(2)	5/14/2025	16,841	17		17
Curology, Inc.	Preferred Stock(2)	5/23/2019	36,020	58		21
Kalderos, Inc.	Preferred Stock	12/27/2022	118,104	209		168
K Health, Inc.	Common Stock(2)	7/14/2023	61,224	187		169
Thirty Madison, Inc.	Preferred Stock	12/30/2022	167,494	445		276
Total Healthcare Technology Systems - 0.18%*				916		651

Information Services (B2C)
Infinite Athlete, Inc. (f/k/a Tempus Ex Machina, Inc.)	Preferred Stock	5/1/2023	11,974	9		—
Total Information Services (B2C) - 0.00%*				9		—

Insurance
Bestow Inc.	Preferred Stock	5/2/2025	4,198	25		25
Total Insurance - 0.01%*				25		25

Medical Software and Information Services
AirStrip Technologies, Inc.	Common Stock(2)	10/9/2013	8,036	112		—
Total Medical Software and Information Services - 0.00%*				112		—

Multimedia and Design Software
Hover Inc.	Preferred Stock	9/30/2022	202,006	342		372
Open Space Labs, Inc.	Preferred Stock(2)	11/15/2022	2,954	7		4
Total Multimedia and Design Software - 0.11%*				349		376

Network Systems Management Software
Cohesity Global, Inc.	Preferred Stock(2)	1/10/2020	18,945	54		100
Signifyd, Inc.	Preferred Stock(2)	12/19/2019	33,445	132		441
Corelight, Inc.	Common Stock(2)	9/29/2022	45,977	235		258
Total Network Systems Management Software - 0.23%*				421		799

Other Financial Services
Jerry Services, Inc.	Preferred Stock	6/13/2022	41,936	169		291
Monzo Bank Limited(1)(3)	Ordinary Shares(2)	3/8/2021	64,813	161		854
N26 GmbH(1)(3)	Preferred Stock(2)	9/14/2021	11	324		246
Upgrade, Inc.	Preferred Stock(2)	1/18/2019	1,488,450	223		595
Total Other Financial Services - 0.56%*				877		1,986

Real Estate Services
Belong Home, Inc.	Preferred Stock(2)	2/15/2022	7,730	6		15
HomeLight, Inc.	Preferred Stock(2)	12/21/2018	54,004	44		186
	Preferred Stock(2)	11/5/2020	55,326	76		139
				120		325
Homeward, Inc.	Preferred Stock	12/10/2021	517,773	324		450
McN Investments Ltd.(1)(3)	Preferred Stock(2)	5/27/2022	37,485	295		116
Roofstock, Inc. (fka.Mynd Management, Inc. )	Preferred Stock(2)	5/25/2022	56,839	19		194
Sonder Holdings Inc.	Common Stock(2)	12/28/2018	10,024	232		—
	Common Stock(2)	3/4/2020	1,049	42		—
				274		—
True Footage Inc.	Preferred Stock	11/24/2021	88,762	147		98
Total Real Estate Services - 0.34%*				1,185		1,198


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Warrant	Acquisition Date(12)	Shares	Cost(6)		Fair Value

Semiconductors
Etched.AI, Inc.	Common Stock	7/18/2025	5,154	$	42	$	42
Total Semiconductors - 0.01%*				42		42

Shopping Facilitators
Moda Operandi, Inc.	Preferred Units(2)	12/30/2021	36,450	169		—
OfferUp Inc.	Preferred Stock(2)	12/23/2019	131,006	42		138
Total Shopping Facilitators - 0.04%*				211		138

Social/Platform Software
ClassPass Inc.	Preferred Stock(2)	3/18/2019	84,507	281		151
Total Social/Platform Software - 0.04%*				281		151

Travel & Leisure
Omio Corp. (f/k/a GoEuro Corp.)(1)(3)	Preferred Stock	9/18/2019	12,027	362		404
	Preferred Stock	8/26/2022	16,261	611		692
	Preferred Stock	4/5/2024	17,904	385		1,061
Total Travel & Leisure - 0.61%*				1,358		2,157

Total Warrant Investments - 12.58%*				$	28,541	$	44,670


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Equity	Acquisition Date(12)	Shares	Cost(6)		Fair Value

Equity Investments(8)

Business Applications Software
Arcadia Power, Inc.	Preferred Stock(2)	9/21/2021	16,438	$	167	$	54
Cresta Intelligence, Inc.	Preferred Stock(2)	9/30/2024	110,882	500		500
DialPad, Inc.	Preferred Stock(2)	9/22/2020	15,456	120		107
Envoy, Inc.	Preferred Stock(2)	12/30/2021	212,160	667		539
FlashParking, Inc.	Preferred Stock(2)	7/19/2022	33,116	455		447
Filevine, Inc.	Preferred Stock(2)	2/4/2022	56,353	357		486
Farmer's Business Network, Inc.	Preferred Stock(2)	7/31/2020	860	29		13
	Preferred Stock(2)	9/28/2023	4,181	138		12
				167		25
Passport Labs, Inc.	Preferred Stock(2)	6/11/2019	1,302	100		103
Radar Labs, Inc.	Preferred Stock(2)	9/30/2025	104,336	550		550
Uniphore Technologies Inc.	Preferred Stock(2)	1/28/2022	28,233	350		287
Total Business Applications Software - 0.87%*				3,433		3,098

Business/Productivity Software
Ao1 Holdings, Inc.	Preferred Stock(2)	12/13/2024	49,717	150		142
Forum Brands Holdings, Inc.	Preferred Stock(2)	7/16/2021	822	150		30
RudderStack, Inc.	SAFE(2)	6/30/2025	1	200		200
Total Business/Productivity Software - 0.10%*				500		372

Business Products and Services
Quick Commerce Ltd(1)(3)	Preferred Stock(2)	4/5/2024	418,182	8,028		8,716
	Ordinary Shares(2)	4/5/2024	1,448,528,650	311		102
Total Business Products and Services - 2.48%*				8,339		8,818

Commercial Services
MXP Prime GmbH(1)(3)	Common Stock(2)	2/3/2022	165	1,140		13
	Preferred Stock(2)	6/29/2023	23	—		142
	Preferred Stock(2)	6/29/2023	46	50		54
				1,190		209
Printful, Inc. Holdco. (fka.Printify, Inc.)	Preferred Stock(2)	3/31/2025	11,120	24		24
Total Commercial Services - 0.07%*				1,214		233

Consumer Finance
Activehours, Inc. (d/b/a Earnin)	Preferred Stock(2)	11/10/2020	14,788	150		352
Total Consumer Finance - 0.10%*				150		352

Consumer Non-Durables
Misfits Market, Inc. (f/k/a Imperfect Foods, Inc.)	Preferred Stock(2)	12/31/2022	1,615	142		152
	Preferred Stock(2)	12/31/2022	7,196	358		385
Total Consumer Non-Durables - 0.15%*				500		537

Consumer Products and Services
everdrop GmbH(1)(3)	Preferred Stock(2)	8/1/2022	78	310		354
Frubana Inc.(1)(3)	Preferred Stock(2)	7/13/2022	7,993	500		—
GrubMarket, Inc.	Common Stock(2)	8/2/2024	—	7,758		13,454
Hydrow, Inc.	Common Stock(2)	12/14/2020	1,893,462	668		19
JOKR S.à r.l.(1)(3)	Preferred Stock(2)	6/19/2025	2,963	173		63
	Preferred Stock(2)	6/19/2025	585	34		13
	Preferred Stock(2)	11/3/2022	298	17		1
	Preferred Stock(2)	6/19/2025	56,834	353		827
				577		904
Pair Eyewear, Inc.	Preferred Stock(2)	6/27/2023	1,880	10		10
Total Consumer Products and Services - 4.15%*				9,823		14,741


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Equity	Acquisition Date(12)	Shares	Cost(6)		Fair Value

Consumer Retail
Savage X, Inc.	Preferred Stock(2)	1/20/2021	17,249	$	500	$	17
	Preferred Stock(2)	11/30/2021	10,393	500		12
Total Consumer Retail - 0.01%*				1,000		29

E-Commerce - Clothing and Accessories
FabFitFun, Inc.	Preferred Stock(2)	1/17/2019	67,934	500		454
Total E-Commerce - Clothing and Accessories - 0.13%*				500		454

E-Commerce - Personal Goods
Grove Collaborative, Inc.	Common Stock(2)(10)	6/5/2018	31,576	500		47
Merama Inc.	Preferred Stock(2)	4/19/2021	18,518	33		152
	Preferred Stock(2)	4/19/2021	14,490	83		136
	Preferred Stock(2)	9/1/2021	10,298	167		140
				283		428
Total E-Commerce - Personal Goods - 0.13%*				783		475

Educational/Training Software
Nerdy Inc. (f/k/a Varsity Tutors LLC)	Common Stock(2)(10)	1/5/2018	60,926	250		77
Total Educational/Training Software - 0.02%*				250		77

Entertainment
Luminary Roli Limited(1)(3)	Ordinary Shares(2)	8/31/2021	434,782	2,525		—
Mind Candy, Inc.(1)(3)	Preferred Stock(2)	3/9/2020	511,665	1,000		—
Total Entertainment - 0.00%*				3,525		—

Financial Institution and Services
Prodigy Investments Limited(1)(3)	Preference Shares(2)	12/31/2020	1,552	22,667		21,119
Revolut Ltd(1)(3)	Ordinary Shares(2)	8/3/2017	23,253	262		27,532
Total Financial Institution and Services - 13.70%*				22,929		48,651

Financial Software
Branch Messenger, Inc.	Preferred Stock(2)	4/16/2025	78,189	250		250
Total Financial Software - 0.07%*				250		250

Food & Drug
Capsule Corporation	Preferred Stock(2)	7/25/2019	128,423	716		369
Total Food & Drug - 0.10%*				716		369

General Media and Content
Overtime Sports, Inc.	Preferred Stock(2)	8/2/2022	127,656	1,000		1,000
Total General Media and Content - 0.28%*				1,000		1,000

Healthcare Technology Systems
All Inspire Health, Inc.	Preferred Stock(2)	6/27/2025	16,428	33		33
Curology, Inc.	Preferred Stock(2)	11/26/2019	66,000	196		145
	Common Stock(2)	1/14/2020	142,855	404		73
				600		218
Kalderos, Inc.	Preferred Stock(2)	12/27/2022	45,403	325		275
Talkspace, LLC (f/k/a Groop Internet Platform, Inc.)	Common Stock(2)(10)	5/15/2019	146,752	378		405
Thirty Madison, Inc.	Preferred Stock(2)	5/31/2019	81,708	1,000		651
Total Healthcare Technology Systems - 0.45%*				2,336		1,582


TRIPLEPOINT VENTURE GROWTH BDC CORP. AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited, dollars in thousands) As of September 30, 2025
Portfolio Company	Type of Equity	Acquisition Date(12)	Shares	Cost(6)		Fair Value

Insurance
Bestow Inc.	Preferred Stock(2)	5/2/2025	4,866	$	58	$	59
	Preferred Stock(2)	5/2/2025	527	6		9
	Preferred Stock(2)	5/2/2025	33,027	390		315
	Preferred Stock(2)	5/2/2025	12,349	146		107
Total Insurance - 0.14%*				600		490

Multimedia and Design Software
Hover Inc.	Preferred Stock(2)	9/30/2022	42,378	231		259
Total Multimedia and Design Software - 0.07%*				231		259

Network Systems Management Software
Cohesity Global, Inc.	Preferred Stock(2)	3/24/2017	60,342	400		925
	Preferred Stock(2)	4/7/2020	9,022	125		141
Total Network Systems Management Software - 0.30%*				525		1,066

Other Financial Services
Jerry Services, Inc.	Preferred Stock(2)	5/6/2022	8,231	104		128
Monzo Bank Limited(1)(3)	Ordinary Shares(2)	3/8/2021	92,901	1,000		2,102
	Ordinary Shares(2)	1/5/2022	26,281	516		650
				1,516		2,752
N26 GmbH(1)(3)	Preferred Stock(2)	12/9/2021	22	1,264		1,574
Redesign Health Inc.	Preferred Stock(2)	7/12/2022	5,919	100		100
Total Other Financial Services - 1.28%*				2,984		4,554

Real Estate Services
Belong Home, Inc.	Preferred Stock(2)	4/18/2022	6,033	29		29
McN Investments Ltd.(1)(3)	Preferred Stock(2)	5/6/2022	11,246	300		209
True Footage Inc.	Preferred Stock(2)	10/18/2021	18,366	100		68
Total Real Estate Services - 0.09%*				429		306

Travel & Leisure
Omio Corp. (f/k/a GoEuro Corp.)(1)(3)	Preferred Stock(2)	10/5/2017	2,362	300		291
	Preferred Stock(2)	5/9/2022	9,169	623		903
				923		1,194
Inspirato, Inc.	Common Stock(2)(4)(10)	9/11/2014	6,081	287		18
Total Travel & Leisure - 0.34%*				1,210		1,212

Total Equity Investments - 25.05%*				$	63,227	$	88,925

Total Investments in Portfolio Companies - 224.89%*(9)(11)				$	828,691	$	798,462

Cash Equivalents
Money Market Fund	Type of Investment	Ticker		Cost		Fair Value
Federated Government Obligations Fund	Cash Equivalents	PRM		$	3,288

TriplePoint Venture Growth BDC Corp. 10-Q