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Triplepoint Venture Growth BDC TPVG · USD

Financials · US listing · 🇺🇸 United States

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4.26

-2.52%

Close of 9 Nov 2026, in USD

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About Triplepoint Venture Growth BDC

From its filings with the US Securities and Exchange Commission

SEC filings

Triplepoint Venture Growth BDC is based in Menlo Park, California and is incorporated in Maryland. Its shares trade on NYSE under the ticker TPVG. In the fiscal year to 31 December 2025, it reported net income of $49.2m. At that date it held total assets of $839.6m and shareholders' equity of $353.6m.

In its own words

We are an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company, or “BDC,” under the Investment Company Act of 1940, as amended, or the “1940 Act.” We have also elected to be treated, and intend to qualify annually, as a regulated investment company, or “RIC,” under Subchapter M of the Internal Revenue Code of 1986, as amended, or the “Code,” for U.S. federal income tax purposes.

We were formed as a Maryland corporation on June 28, 2013 to expand the venture growth stage business segment of TPC’s investment platform. 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 by lending, typically with warrants, primarily to venture growth stage companies focused in technology and other high growth industries backed by TPC’s select group of leading venture capital investors.

We originate and invest primarily in loans that have a secured collateral position and are generally used by venture growth stage companies to finance their continued expansion and growth, and, on a select basis, equipment financings and revolving loans, together with, in many cases, attached equity “kickers” in the form of warrant investments, and direct equity investments to venture capital-backed companies.

Quoted from its 10-K, filed 4 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Financials
Industry
Capital Markets
Listed since
6 Mar 2014
Website
tpvg.com ↗
Head office
2735 SAND HILL ROAD, MENLO PARK, CA
Incorporated in
MD
Filer status
Accelerated filer

Leadership

Pay as last reported

  • Mr. James LabeChairman of the Board, Chief Executive Officer, since 2013
  • Mr. Sajal SrivastavaPresident, Chief Investment Officer, Treasurer, Secretary, Director
  • Mr. Mike WilhelmsChief Financial Officer
  • Mr. Steven LevinsonChief Compliance Officer
  • Mr. Steven BirdLead Independent Director$113,250
  • Mr. Gilbert AhyeIndependent Director$119,500
  • Mr. Stephen CassaniIndependent Director$109,500
  • Ms. Cynthia FornelliIndependent Director$104,500
  • Ms. Katherine ParkIndependent Director$104,000
  • Ms. Kimberley VogelIndependent Director$104,500
  • Mr. Leon BermanInvestor Relations, since 2020

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • TriplePoint Venture Growth BDC Corp focuses on venture growth stage technology companies in the US.
  • The company provides customized debt financing with warrants to venture capital-backed firms.
  • TriplePoint Capital LLC sponsors the company with a global investment platform on Sand Hill Road.

Weaknesses

  • The company has zero full-time employees despite being headquartered in Menlo Park.
  • It operates as a closed-end investment company with no diversification strategy.
  • The company's IPO occurred in March 2014, making it a relatively mature entity.

Opportunities

  • Expanding debt financing services to more venture capital-backed technology companies in the US.
  • Increasing direct equity investments in venture growth stage companies across various industries.
  • Leveraging TriplePoint Capital LLC's global platform for new market opportunities.

Threats

  • Competition from other financial services providers in the venture capital-backed sector.
  • Regulatory changes affecting business development companies under the Investment Company Act.
  • Economic downturns impacting venture capital-backed technology companies' ability to repay debt.

Sources and methodology

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