Company Description
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments.
It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.
The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors.
Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity).
The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans.
It targeted returns between 10% and 18%. It does not take board seat in the company.
| Country | United States |
| Industry | Asset Management |
| Sector | Financials |
| CEO | James Peter Labe |
Contact Details
Address: 2755 Sand Hill Road, Suite 150 Menlo Park, California 94025 United States | |
| Phone | (650) 854-2090 |
| Website | tpvg.com |
Stock Details
| Ticker Symbol | TPVG |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001580345 |
| CUSIP Number | 89677Y100 |
| ISIN Number | US89677Y1001 |
| Employer ID | 46-3082016 |
Key Executives
| Name | Position |
|---|---|
| James Peter Labe | Co-Founder, Chairman and Chief Executive Officer |
| Sajal K. Srivastava | Co-Founder, President, Chief Investment Officer, Secretary, Treasurer and Director |
| Christopher M. Mathieu | Chief Financial Officer |
| Alan Oshiki | Investor Relation - Abernathy MacGregor Group |
| Steven Mitchell Levinson | Chief Compliance Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Jun 26, 2024 | 40-APP/A | Filing |
| Jun 14, 2024 | 8-K | Current Report |
| May 2, 2024 | 8-K | Current Report |
| May 2, 2024 | 424B2 | Prospectus |
| May 1, 2024 | 10-Q | Quarterly Report |
| May 1, 2024 | 8-K | Current Report |
| Apr 29, 2024 | 8-K | Current Report |
| Apr 18, 2024 | EFFECT | Notice of Effectiveness |
| Apr 15, 2024 | N-2/A | Filing |
| Mar 14, 2024 | 40-17G | Filing |