TriplePoint Venture Growth BDC Corp. (TPVG)

NYSE: TPVG · IEX Real-Time Price · USD
9.48
+0.16 (1.72%)
Mar 28, 2024, 4:00 PM EDT - Market closed

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.

TriplePoint Venture Growth BDC Corp.
TriplePoint Venture Growth BDC logo
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
Mar 14, 2024 40-17G Filing
Mar 8, 2024 DEFA14A Additional definitive proxy soliciting materials and Rule 14(a)(12) material
Mar 8, 2024 DEF 14A Other definitive proxy statements
Mar 6, 2024 10-K Annual Report
Mar 6, 2024 8-K Current Report
Mar 5, 2024 N-2 Filing
Feb 7, 2024 40-APP/A Filing
Jan 19, 2024 40-33 Filing
Dec 29, 2023 40-33 Filing
Dec 15, 2023 40-33 Filing