On May 2, 2023, the Bear Cave released a report highlighting issues at TriplePoint Venture Growth BDC Corp. alleging that “TriplePoint is encumbered by high fees, weak management, and a weaker loan book saddled by portfolio company bankruptcies and upside-down startups,” and states that “the Bear Cave believes TriplePoint’s equity may be severely impaired, if it has any value at all.”
On this news, TriplePoint’s stock price fell more than 8% in intraday trading on May 2, 2023.