TriplePoint Venture Growth

What TriplePoint Venture Growth does

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) is an externally managed, closed-end, non-diversified management investment company regulated as a business development company (BDC) under the Investment Company Act of 1940. Headquartered at 2755 Sand Hill Road in Menlo Park, California, with a secondary office in New York, the company is externally managed by its sponsor, TriplePoint Capital LLC, and serves as the primary vehicle for the venture growth stage segment of TriplePoint Capital's global venture finance platform.

The company provides five complementary financing products to venture capital-backed growth stage companies: Growth Capital Loans ($5 million to $50 million, 36–60 months, secured with equity kickers via warrants), Equipment Financings ($5 million to $25 million, 36–48 months, secured by underlying equipment), Revolving Loans ($1 million to $25 million, 12–36 months, secured by receivables/inventory/bookings/revenues), Warrants to acquire preferred or common stock in borrowers, and Direct Equity Investments ($100,000 to $5 million) co-investing alongside VC sponsors. Total investments stood at $783.5 million as of Q4 2025 across technology, life sciences, and other high-growth industries, with a weighted-average portfolio yield of 13.5% and targeted debt returns of 10–18%.

TPVG generates revenue primarily through interest income on its secured loan portfolio, supplemented by warrant and equity participation upside. Co-founded and co-led by Jim Labe and Sajal Srivastava — pioneers of the venture leasing and lending segment — the company holds a BBB (low) investment-grade rating from Morningstar DBRS and operates with a small 11–50 person team, leveraging the broader TriplePoint Capital origination network for deal flow. Capital structure includes a $300 million revolving credit facility (extendable to $400 million) and senior unsecured notes, with a 16.4% dividend yield as of Q1 2026.

Name

TriplePoint Venture Growth

Legal name

TriplePoint Venture Growth BDC Corp.

Website

https://tpvg.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) is an externally managed business development company that provides secured debt financing, equipment loans, revolving credit, and equity kickers to venture capital-backed growth stage companies in technology, life sciences, and other high-growth industries.

Ownership category

akta.pro rank

Product category

Venture Debt Financing

NAICS

Other Financial Vehicles (525990), Other Investment Pools and Funds (5259)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

BDC / Public Vehicle Venture Debt Providers (FSANAIAC)

akta.pro secondary industry

Venture Growth / Recurring Revenue Credit Funds (FSANAIAG)

Keywords

• Venture growth lending
• Growth capital financing
• Equipment lease financing
• Business development company
• Venture debt investments

Headquarters

HQ city

Menlo Park

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Debt Investments: The company generates current income primarily through interest payments on secured growth capital loans, equipment financings, and revolving loans provided to venture growth stage companies. Targeted returns between 10% and 18% on debt investments.
2. Equity Kicker Returns: In connection with secured loans, the company receives warrants to acquire preferred or common stock in borrowers, allowing participation in equity appreciation and enhancing overall returns. Also includes direct equity investment rights in current or next financing rounds.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

TriplePoint Venture Growth BDC Corp. is a publicly traded business development company that provides secured debt financing and equity investments to venture capital-backed growth stage companies. Its offerings include Growth Capital Loans ($5M-$50M), Equipment Financings ($5M-$25M), Revolving Loans ($1M-$25M), Warrants, and Direct Equity Investments ($100K-$5M), with targeted returns of 10-18% on debt investments plus equity appreciation through warrants and direct equity participation.

Product overview

TriplePoint Venture Growth is an externally managed, closed-end, non-diversified management investment company regulated as a business development company (BDC) under the Investment Company Act of 1940. The company operates as a single unified financing platform offering five distinct but complementary products: Growth Capital Loans ($5M-$50M secured loans with equity kickers), Equipment Financings ($5M-$25M equipment leases/loans), Revolving Loans ($1M-$25M asset-based credit facilities), Warrants (equity participation instruments), and Direct Equity Investments ($100K-$5M co-investment rights). These products are designed to serve venture capital-backed companies at the growth stage, with the company leveraging its relationship-based approach and industry expertise to structure customized financing solutions across technology, life sciences, and other high-growth industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Growth Capital Loans Secured growth capital loans typically ranging from $5 million to $50 million with 36-60 month repayment periods, featuring equity kickers in the form of warrants and senior secured liens on borrower assets. Targeted returns of 10-18% for venture growth stage companies in technology, life sciences, and high-growth industries.
• Equipment Financings Equipment financing structured as full payout loans or leases typically ranging from $5 million to $25 million over 36-48 months, secured solely by the underlying equipment being financed. Short interest-only periods followed by full amortization.
• Revolving Loans Revolving credit facilities ranging from $1 million to $25 million over 12-36 months, typically secured by inventory, accounts receivable, billings, bookings, or revenues, with equity kicker options available.
• Warrants Warrant instruments received in connection with secured loans, allowing acquisition of preferred or common stock in venture growth stage companies at venture capital investor pricing, enabling equity participation and return enhancement.
• Direct Equity Investments Equity investment rights allowing investment in venture growth stage companies' private equity financing rounds on the same terms as VC investors, typically ranging from $100,000 to $5 million per transaction.

Quantifiable outcome

• Targeted returns between 10% and 18% on growth capital loans
• +3 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators15 records

Recent moves5 records

Expansion highlights4 records

Market position

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TriplePoint Venture Growth