Triplepoint Venture Growth BDC Corp

TriplePoint Venture Growth BDC Corp. is a business development company that invests in venture capital-backed growth-stage companies. It provides debt financing to venture growth companies through growth capital loans, secured and customized loans, equipment financings, revolving loans, and direct equity investments. The fund targets the e-commerce, entertainment, technology, and life sciences sectors. Within technology, it focuses on areas such as security, wireless communication equipment, network systems and software, business applications software, conferencing equipment/services, big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, and software as a service. Within life sciences, it focuses on biotechnology, biofuels/biomass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, and pharmaceuticals. For growth capital loans, it invests between $5 million and $50 million; for equipment financings, between $5 million and $25 million; for revolving loans, between $1 million and $25 million; and for direct equity investments, between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). Debt financing products are typically structured as lines of credit, and it invests through warrants and secured loans. It targets returns between 10% and 18% and does not take board seats in companies.