TriplePoint Venture Growth BDC Corp. (TPVG)

USD 6.88

(-2.41%)

Market Cap (In USD)

275.53 Million

Revenue (In USD)

137.49 Million

Net Income (In USD)

-39.82 Million

Avg. Volume

456.89 Thousand

Currency
USD
Country
Financial Services
Open
-
Prev. Close
-
Day Range
-
Year Range
6.441-11.58
PE
-
EPS
-
Beta Value
1.803
ISIN
US89677Y1001
CUSIP
89677Y100
CIK
1580345
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Financial Services
Industry
Asset Management
CEO
Mr. James Peter Labe
Employee Count
-
Website
https://www.tpvg.com
Ipo Date
2014-03-06
Details
TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector. Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors. Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity). The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.