Business development company providing customized debt and equity financing solutions to venture growth stage companies.
TriplePoint Venture Growth BDC Corp. operates as a specialized business development company focusing on investments in venture capital-backed companies in the growth stage. Headquartered in Menlo Park, California, the firm provides tailored debt financing solutions to companies within the venture growth space, including growth capital loans, secured loans, equipment financings, and revolving loans. Additionally, TriplePoint Venture Growth makes direct equity investments, aiming to support emerging companies across various sectors such as e-commerce, entertainment, technology, and life sciences.
In the technology sector, TriplePoint Venture Growth targets investments in a diverse array of subsectors including security, wireless communication equipment, business applications software, big data, cloud computing, and semiconductors. Within life sciences, the company focuses on biotechnology, pharmaceuticals, diagnostic testing, and healthcare information systems, among others. This strategic investment approach reflects TriplePoint's commitment to fostering innovation and supporting companies at critical stages of growth through flexible financing solutions.
TriplePoint Venture Growth BDC Corp. emphasizes structured debt financing products such as lines of credit, complemented by investments in warrants and secured loans. The company seeks to achieve targeted returns ranging from 10% to 18%, leveraging its deep sector expertise and extensive network to identify promising investment opportunities. By maintaining a non-intrusive approach that does not involve taking board seats in portfolio companies, TriplePoint aims to facilitate growth and maximize value for its shareholders while providing crucial financial support to its portfolio of innovative businesses.