OTF vs TPVG

For growth investors, Blue Owl Technology Finance Corp.

(OTF) is the stronger pick with 99. 8% revenue growth year-over-year, versus 36. 6% for TriplePoint Venture Growth BDC Corp. (TPVG). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 9x trailing P/E (6. 5x forward), making it the more compelling value choice. Analysts rate Blue Owl Technology Finance Corp. (OTF) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, TriplePoint Venture Growth BDC Corp.

(TPVG) is the cheapest at 4. 9x versus Blue Owl Technology Finance Corp. at 6. 3x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 5x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Blue Owl Technology Finance Corp. wins at 0. 36x versus TriplePoint Venture Growth BDC Corp. 's 6. 41x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, TriplePoint Venture Growth BDC Corp.

(TPVG) delivered a total return of -13. 5%, compared to -24. 0% for Blue Owl Technology Finance Corp. (OTF). Over 10 years, the gap is even starker: TPVG returned +93. 3% versus OTF's -24. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Blue Owl Technology Finance Corp.

(OTF) is the lower-risk stock at 0. 72β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 16% more volatile than OTF relative to the S&P 500. On balance sheet safety, Blue Owl Technology Finance Corp. (OTF) carries a lower debt/equity ratio of 78% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Blue Owl Technology Finance Corp.

(OTF) is pulling ahead at 99. 8% versus 36. 6% for TriplePoint Venture Growth BDC Corp. (TPVG). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to 15. 8% for Blue Owl Technology Finance Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Blue Owl Technology Finance Corp.

(OTF) is the more profitable company, earning 67. 1% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 67. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 67. 9% for OTF. At the gross margin level — before operating expenses — TPVG leads at 83. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Blue Owl Technology Finance Corp. (OTF) is the more undervalued stock at a PEG of 0. 36x versus TriplePoint Venture Growth BDC Corp. 's 6. 41x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, TriplePoint Venture Growth BDC Corp. (TPVG) trades at 6. 5x forward P/E versus 8. 6x for Blue Owl Technology Finance Corp. — 2. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPVG: 49. 4% to $8. 95.

All stocks in this comparison pay dividends.

TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 8. 7% for Blue Owl Technology Finance Corp. (OTF).

For long-horizon retirement investors, Blue Owl Technology Finance Corp.

(OTF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 72), 8. 7% yield). Both have compounded well over 10 years (OTF: -24. 0%, TPVG: +93. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.