Triplepoint Venture Growth BDC Corp.

Expanding the venture growth stage business segment of TriplePoint Capital

Overview

We are an externally managed, closed-end, non-diversified management investment company regulated as a business development company under the Investment Company Act of 1940, as amended, or the ”1940 Act.”

We were formed to expand the venture growth stage business segment of TriplePoint Capital LLC, our Sponsor, as part of its investment platform and will be the primary vehicle through which it focuses its venture growth stage business.

Investment Strategy

Differentiated Investment Strategy
  • Provide financing primarily to venture capital-backed companies at the venture growth stage
  • Target companies backed by a select group of leading venture capital investors
  • Focus on technology, life sciences, and other high growth industries
Unique Sponsor Relationship
  • Externally managed by our Adviser, a wholly owned subsidiary of TriplePoint Capital, the leading financing partner to venture capital-backed companies across all stages of development
  • Benefits from TriplePoint Capital’s strong brand name, reputation, track record, industry relationships, and direct originations capabilities
Investment Objective
  • Generate current income with preservation of capital along with the potential for additional return through equity “kickers” in the form of warrants
  • Invest in primarily secured, growth capital loans with targeted returns between 10% and 18%
Shareholder Friendly Fee Structure & Alignment
  • 1.75% Management Fee
  • 8% Annualized hurdle rate for income incentive fee
  • Total return requirement whereby incentive fees are capped at 20% of cumulative pre-incentive fee net income looking back to our IPO date (March 5, 2014)

Our Sponsor

Our Sponsor, TriplePoint Capital LLC, is widely recognized as a leading global financing provider devoted to serving venture capital-backed companies with creative, flexible and customized debt financing, equity capital and complementary services throughout their lifespan. Our Sponsor is located on Sand Hill Road in Silicon Valley and has a primary focus in technology, life sciences and other high growth industries. Our Sponsor’s portfolio of venture capital-backed companies included and/or includes widely recognized and industry-leading companies, including, among others, Facebook, YouTube, Bloom Energy, Chegg, Cyan, Etsy, Gilt Groupe, Oncomed, One Kings Lane, Proteolix, Ruckus Wireless, Segway, Shazam, Splunk, Square and Workday.

  • About

  • INVESTMENT STRATEGY

    Our investment objective is to maximize our total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation. We pursue that objective by relying on a core investment philosophy described as the “Four Rs”: Relationships, Reputation, References, & Returns.

— a history of success —

The TriplePoint team is the most experienced in the venture financing industry, providing more than $9 billion in
leases and loans to more than 3,000 leading venture capital-backed companies over the past 30 years.

1980’s

Jim Labe, our CEO, is widely recognized as the pioneer of the 35-year-old venture leasing and lending segment of the commercial finance industry. He played a key role in creating this method of financing at Equitec Leasing Group in the early '80s and in establishing it as an essential source of capital for privately-held, venture capital-backed companies.

1990’s

In 1987, Mr. Labe founded Comdisco Ventures, which quickly became the leader in the venture leasing and lending industry. During Mr. Labe's tenure as CEO, Comdisco Ventures provided more than $3 billion in lease and loan financings to more than 970 leading venture capital-backed companies.

2000’s - today

In 2006, Jim Labe and Sajal Srivastava launched TriplePoint Capital to redefine the industry to meet the evolving needs of the market. Since launching we've provided more than $5 billion in lease and loan financings to hundreds of venture capital-backed companies across the world from various industries and stages of development.

— LEARN MORE ABOUT OUR SPONSOR —

Local Action to Address Global Opportunity