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TriplePoint Venture Growth BDC Corp. Declares Initial Dividend

April 3, 2014

MENLO PARK, Calif.--(BUSINESS WIRE)-- TriplePoint Venture Growth BDC Corp. (the “Company” or “TPVG”) (NYSE: TPVG), today announced that its Board of Directors has authorized and declared an initial dividend of $0.09 per share for the period from the pricing of the Company’s initial public offering on March 5, 2014, through March 31, 2014. This dividend reflects a quarterly dividend rate of $0.30 per share, prorated for the 27 days in this period. The dividend will be payable on April 30, 2014 to stockholders of record on April 15, 2014.

“We are pleased to be able to provide this initial distribution to our stockholders,” said Jim Labe, chief executive officer and chairman of the board of TPVG. “This initial dividend underscores the strength of our investment strategy and portfolio of venture growth stage companies.”

The Company recently closed its initial public offering of 9,583,333 shares of common stock for total gross proceeds of approximately $143.7 million. This amount included the exercise in full by the underwriters of their option to purchase additional shares of common stock.

About TriplePoint Venture Growth BDC Corp.

TriplePoint Venture Growth BDC Corp. is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. It was formed to expand the venture growth stage business segment of its sponsor, TriplePoint Capital LLC. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries backed by a select group of leading venture capital investors. More information is available at http://www.tpvg.com.

Forward-Looking Statements

Statements included herein may constitute "forward-looking statements," which relate to future events or the Company's future performance or financial condition. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the Company's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including those described from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statements made herein, unless required to do so by law. All forward-looking statements speak only as of the time of this press release.

Source: TriplePoint Venture Growth BDC Corp.

Abernathy MacGregor

Chuck Dohrenwend, 212-371-5999

cod@abmac.com

Erica Jacobs, 415-926-7961

ej@abmac.com

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