Business Description
TriplePoint Venture Growth BDC Corp. is a business development company that provides loans and equity funding to fast-growing businesses backed by venture capital. The company focuses on sectors such as technology, e-commerce, entertainment, and life sciences, offering financial products that range from growth capital loans and equipment financing to revolving credit lines and small equity stakes. Loan amounts typically fall between $1 million and $50 million depending on the type of financing, while direct equity investments are generally kept below $5 million and rarely exceed 5% ownership in any single company. The firm targets annual returns of 10% to 18% and takes a hands-off approach, choosing not to hold board positions in the businesses it supports.
