A third BDC issues public equity this year, but issuance remains at 16-year low

Source: Thomson Reuters LPC, Wells Fargo Securities LLC

TriplePoint Venture Growth BDC, a venture capital BDC, announced it is tapping the public markets to raise follow-on equity making it only the third public BDC to raise new equity this year. The BDC which is trading at around 1.03 times net asset value is raising close to US$90m bringing year to date BDC equity issuance to US$265m.