TriplePoint Venture Growth BDC Corp.

TriplePoint Venture Growth BDC Corp. is a business development company that provides growth-stage financing to venture capital-backed companies. The firm offers both debt and equity instruments, including growth capital loans ranging from $5 million to $50 million, equipment financing of $5 million to $25 million, revolving credit lines of $1 million to $25 million, and direct equity investments typically between $0.1 million and $5 million. Debt financing is typically structured through secured loans and warrants, while equity investments generally do not exceed 5% of portfolio company equity and do not include board seat participation.

The company focuses on three primary sectors: technology, life sciences, and e-commerce and entertainment. Within technology, it targets subsectors including software, security, cloud computing, data storage, semiconductors, wireless communications, and networking infrastructure. In life sciences, investment areas encompass biotechnology, pharmaceuticals, medical devices, drug discovery and delivery, diagnostics, and healthcare information systems.

TriplePoint targets returns between 10% and 18% across its portfolio. The company is headquartered in Menlo Park, California, positioning it within the venture capital ecosystem of Silicon Valley. As a business development company, TriplePoint operates under a regulated investment company structure and is listed on the New York Stock Exchange.