Private company

TriplePoint Private Venture Credit Inc.

TriplePoint Private Venture Credit Inc. is a corporation registered in the United States, active since 2020.2 It is headquartered in Lutherville Timonium, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersLutherville Timonium, United States2
  • Incorporated inMD3
  • Business address2735 Sand Hill Road, Suite 100, Menlo Park, Ca3
  • Filer category, Emerging growth company3
  • Legal formStock Corporation2
  • LEI549300RVKCLQ6KD3WT122
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O DISCERN REGISTERED AGENT INC., 21401 Annapolis, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D205232132

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We were initially organized as a Maryland limited liability company named TriplePoint Global Venture Credit, LLC on October 2, 2019 and converted to a Maryland corporation named TriplePoint Private Venture Credit Inc. on May 27, 2020 in connection with our conversion from a Maryland limited liability company to a Maryland corporation and the commencement of our investment operations. We are structured as an externally-managed, non-diversified, closed-end investment company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). As a BDC, we have elected to be treated, and intend to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”).5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income678$5.6M in 2025−67% since 2021
-$5.0M0$5.0M$10.0M$15.0M$20.0M2021: $16.9M$16.9M20212022: -$2.8M-$2.8M20222023: $2.2M$2.2M20232024: $15.9M$15.9M2024+614%2025: $5.6M$5.6M2025−65%
Fiscal year202120222023202420252026
Interest$6.4M6$10.6M6$15.5M6
Net income$16.9M6-$2.8M7$2.2M8$15.9M8$5.6M8
Earnings per share$1.296$2.127$2.248$1.528$1.118
Earnings per share (diluted)$1.296$2.127$2.248$1.528$1.118
Shares (weighted, basic)8.8M shares817.8M shares820.5M shares823.7M shares823.7M shares8
Shares (weighted, diluted)8.8M shares817.8M shares820.5M shares823.7M shares823.7M shares8

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Corporate structure

TriplePoint Private Venture Credit Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • TriplePoint Private Venture Credit Inc. Lutherville Timonium, Maryland, United States
    • TPVC Funding Company LLC Subsidiary · Maryland, United States
    • TPVC Investment LLC Subsidiary · Maryland, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What TriplePoint Private Venture Credit Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$17.9M8 Dec 31, 2025$41.2M8 Dec 31, 2024−56.7%

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operations. Our executive offices are located at 2755 Sand Hill Road, Suite 150, Menlo Park, California 94025. These offices are provided by our Administrator pursuant to the Administration Agreement. We believe that our facilities are suitable and adequate for our business.

Item 2 of the 10-K filed Mar 10, 2026.5

Leadership

Who has led TriplePoint Private Venture Credit Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. James Labe2020

President

  1. Sajal Srivastava2020

Chief financial officer

  1. Christopher M. Mathieu2020
  2. Brandon Campbell2024
  3. Mike Wilhelms2025
2025
Board members and other officers (5)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • TPVC Funding Company LLC Maryland4
  • TPVC Investment LLC Maryland4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • TriplePoint Global Venture Credit, LLCOct 30, 2019 to May 27, 20203

Timeline

  1. Sep 21, 20268-K Executive or director change19
  2. May 1, 20268-K Shareholder vote20
  3. Dec 29, 20258-K Other events21
  4. Dec 15, 20258-K Other events22
  5. Jul 9, 20258-K Entered a material agreement; New debt or obligation23
  6. May 2, 20258-K Shareholder vote24
  7. Dec 18, 20248-K Executive or director change; Other events25
  8. Aug 6, 20248-K Executive or director change26
  9. Jun 14, 20248-K Executive or director change27
  10. Apr 29, 20248-K Shareholder vote28
  11. Dec 14, 20238-K Unregistered sale of shares29
  12. Dec 5, 20238-K Other events30
  13. Jun 9, 2020New chief executive James Labe becomes CEO11
  14. May 27, 2020Founded TriplePoint Private Venture Credit Inc. is founded2

Filings

60 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 27 major events, 2 insider forms, 11 other. The latest 20:

  1. Sep 21, 20268-K EDGAR
  2. Aug 14, 202610-Q EDGAR
  3. May 12, 202610-Q EDGAR
  4. May 1, 20268-K EDGAR
  5. Mar 13, 202640-17G EDGAR
  6. Mar 12, 2026DEF 14A EDGAR
  7. Mar 10, 202610-K EDGAR
  8. Dec 29, 20258-K EDGAR
  9. Dec 15, 20258-K EDGAR
  10. Nov 12, 202510-Q EDGAR
  11. Aug 12, 202510-Q EDGAR
  12. Jul 9, 20258-K CURRENT REPORT EDGAR
  13. May 15, 202510-Q EDGAR
  14. May 2, 20258-K EDGAR
  15. Mar 14, 202540-17G EDGAR
  16. Mar 13, 2025DEF 14A EDGAR
  17. Mar 11, 202510-K EDGAR
  18. Jan 10, 20253 EDGAR
  19. Dec 18, 20248-K EDGAR
  20. Nov 7, 202410-Q EDGAR

The 60 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How TriplePoint Private Venture Credit Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTriplePoint Private Venture Credit Inc.1
  • CIK0001792509
  • Employer ID (EIN)84-33836955
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inMaryland5
  • Fiscal year endsDecember 311
  • Business address2735 Sand Hill Road, Suite 100, Menlo Park, CA1
  • Phone650-233-21001
  • Shares outstanding23,689,363 as of Aug 14, 202610
  • Public float$0 as of Jun 30, 20258
  • AuditorDeloitte & Touche LLP, San Francisco, California PCAOB ID 34; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceOct 30, 20191
  • Filings107 in all: 8-K (37), 10-Q (19), 3 (8), 40-17G (7), 10-K (6), DEF 14A (6), 10-12G (4), 10-12G/A (3)1
    All 18 form types

    40-APP/A (3), RW (3), 40-APP (2), CORRESP (2), D (2), 8-K/A (1), D/A (1), DEFA14A (1), N-54A (1), N-6F (1)

  • Latest filingsAnnual report (10-K) Mar 10, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Mar 12, 2026
    Latest 8-K (8-K) Sep 21, 2026

Risk factors and legal proceedings

The risks TriplePoint Private Venture Credit Inc. names in Item 1A of its 10-K filed Mar 10, 2026: 75 risks under these headings, as written.5

  • Risks Relating to our Business and Structure
  • Deterioration in the economy and financial markets increases the likelihood of adverse effects on our financial position and results of operations. Such economic adversity could impair our portfolio companies’ financial positions and operating results and affect the industries in which we invest, which could, in turn, harm our operating results.
  • A failure on our part to maintain our status as a BDC may significantly reduce our operating flexibility.
  • We are dependent upon our executive officers and our Adviser’s senior investment team and, in particular, Mr. Labe and Mr. Srivastava, for our success and upon our Adviser’s access to such individuals pursuant to the Staffing Agreement. If our Adviser were to lose such access, our ability to achieve our investment objective could be significantly harmed.
  • Our business model depends, in part, upon TPC’s relationships with a select group of leading venture capital investors. Any inability of TPC to maintain or develop these relationships, or the failure of these relationships to result in referrals of investment opportunities for us, could have a material adverse effect on our business.
  • Our success depends on the ability of TPC and our Adviser to attract and retain qualified personnel in a competitive environment.
  • We may not replicate the historical results achieved by TPC or members of its senior investment team.
  • Investors may default on capital drawdowns.
  • The nature of our approach to our business may lead to volatility and variability from period to period with respect to new originations. Our financial condition and results of operations depend upon our ability to effectively manage credit, deploy capital and grow our business.
  • We operate in a highly competitive market for investment opportunities, and we may not be able to compete effectively.
  • We will be subject to corporate-level U.S. federal income tax if we are unable to maintain our qualification for tax treatment as a RIC under Subchapter M of the Code.
  • We may need to raise additional capital to grow. If additional capital is not available or not available on favorable terms, our ability to grow will be impaired.
The other 64 risks
  • We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income.
  • The amount and frequency of any distributions we may make is uncertain. You may not receive distributions or our distributions may not grow over time.
  • Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital. As a BDC, the necessity of raising additional capital may expose us to risks, including typical risks associated with leverage.
  • Incurring additional leverage could increase the risk of investing in the Company. The use of leverage may increase the likelihood of our defaulting on our obligations.
  • We finance certain of our investments with borrowed money, which magnifies the potential for gain or loss on amounts invested and increases the risk of investing in us.
  • We may default under the Credit Facility, the agreement governing our outstanding unsecured notes or any future indebtedness or be unable to amend, repay or refinance any such facility or financing arrangement on commercially reasonable terms, or at all, which could have a material adverse effect on our financial condition, results of operations and cash flows.
  • We are exposed to risks associated with changes in interest rates, which may affect our cost of capital and net investment income. In addition, if the Credit Facility or similar financing arrangement were to become unavailable, it could have a material adverse effect on our business, financial condition and results of operations.
  • Provisions in our current debt obligations or any future indebtedness may limit our discretion in operating our business.
  • Adverse developments in the credit markets may impair our ability to amend any existing borrowing facility or enter into any other future borrowing facility.
  • If we do not invest a sufficient portion of our assets in qualifying assets, we could fail to qualify as a BDC or be precluded from investing according to our current business strategy.
  • Our investment portfolio is recorded at fair value, with our Board having final responsibility for overseeing, reviewing and approving, in good faith, such fair value and, as a result, there is uncertainty as to the value of our portfolio investments, which may impact our net asset value.
  • We are an emerging growth company under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make an investment in shares of our common stock less attractive to investors.
  • We are obligated to maintain proper and effective internal control over financial reporting. We may not complete our analysis of our internal control over financial reporting in a timely manner, or our internal controls may not be determined to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our securities.
  • Our Board may change our investment objective, operating policies and strategies without prior notice or stockholder approval, the effects of which may be adverse.
  • Our Adviser or our Administrator can resign upon 60 days’ notice and we may not be able to find a suitable replacement within that time, or at all, resulting in a disruption to our operations that could materially and adversely affect our financial condition, results of operations and cash flows.
  • The failure in cyber security systems, as well as the occurrence of events unanticipated in our Adviser’s disaster recovery systems and management continuity planning or a support failure from external providers during a disaster could impair our ability to conduct business effectively.
  • If we are unable to manage our growth, our results of operations could suffer.
  • We, the Adviser, and our portfolio companies may maintain cash balances at financial institutions that exceed federally insured limits and may otherwise be materially affected by adverse developments affecting the financial services industry or venture banking ecosystem, such as actual events or concerns involving liquidity, defaults or non-performance by financial institutions or transactional counterparties.
  • Risks Relating to our Conflicts of Interest
  • Our ability to enter into transactions with our affiliates and to make investments in venture capital-backed companies along with our affiliates is restricted by the 1940 Act which may limit the scope of investment opportunities available to us.
  • Our Adviser may be subject to conflicts of interest with respect to taking actions regarding investments in which TPC or its affiliates may also have an interest.
  • Our incentive fee may induce our Adviser to pursue speculative investments and to use leverage when it may be unwise to do so.
  • We may pay our Adviser an incentive fee on certain investments that include a deferred interest feature.
  • The valuation process for certain of our investments may create a conflict of interest.
  • There are conflicts related to our other arrangements with TPC and our Administrator.
  • The Advisory Agreement was not negotiated at arm’s length and may not be as favorable to us as if it had been negotiated with an unaffiliated third party.
  • Our Adviser’s liability is limited under the Advisory Agreement and we have agreed to indemnify our Adviser against certain liabilities, which may lead our Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • Risks Relating to our Investments
  • Our investments are concentrated in technology and other high growth industries, some of which involve significant risks, including highly volatile markets and extensive government regulation, which expose us to the risk of significant loss if any of these industry sectors experience a downturn.
  • We and our portfolio companies are subject to risks associated with artificial intelligence and machine learning technology.
  • Our portfolio may lack diversification among portfolio companies which may subject us to a risk of significant loss if one or more of these companies default on their obligations under any of their debt instruments.
  • Our financial condition, results of operations and cash flows would be negatively affected if a significant portfolio investment fails to perform as expected.
  • Our investment strategy includes a primary focus on venture capital-backed companies, which are subject to many risks, including dependence on the need to raise additional capital, volatility, intense competition, shortened product life cycles, changes in regulatory and governmental programs, periodic downturns, and below investment grade ratings, which could cause you to lose all or part of your investment in us.
  • Our investments in early stage companies involve significant and heightened risks compared to investments in more established companies.
  • Publicly traded securities involve significant risks that differ from those associated with non-traded securities.
  • Some of our portfolio companies may need additional capital, which may not be readily available.
  • Our existing and/or future portfolio companies may not draw on any of our unfunded obligations or may draw our outstanding unfunded obligations at a time when our capital is not readily available.
  • Unlike traditional lenders, we offer a flexible payment and covenant structure to our portfolio companies and may choose not to take advantage of certain opportunities due to our long-term investment philosophy to develop and maintain deep and longstanding relationships with TPC’s select group of leading venture capital investors, borrowers and entrepreneurs and to preserve our reputation.
  • If our portfolio companies are unable to protect their intellectual property rights, our business and prospects could be harmed. If our portfolio companies are required to devote significant resources to protecting their intellectual property rights, then the value of our investment could be reduced.
  • If our portfolio companies are unable to commercialize their technologies, products, business concepts or services, the returns on our investments could be adversely affected.
  • Our financial condition, results of operations and cash flows could be negatively affected if we are unable to recover our principal investment as a result of a negative pledge or lack of a security interest on the intellectual property of our portfolio companies.
  • If the assets securing the loans that we make decrease in value, then we may lack sufficient collateral to cover losses.
  • Our portfolio companies may have limited operating histories and financial resources.
  • The financial projections of our portfolio companies could prove inaccurate.
  • We make debt investments in venture capital-backed companies that generally do not have sufficient cash resources to repay our loans in full at the time of their origination.
  • There may be circumstances when our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.
  • The lack of liquidity in our investments may materially and adversely affect our ability to meet our investment objectives.
  • Any unrealized losses we experience on our investment portfolio may be an indication of future realized losses, which could reduce our funds available for distribution and could have a material adverse effect on our ability to service our outstanding borrowings.
  • Our stockholders do not have any input in our Adviser’s investment decisions.
  • Because we generally do not hold controlling equity interests in our portfolio companies, we are not able to exercise control over our portfolio companies or prevent decisions by their management that could decrease the value of our investment.
  • We may suffer a loss if a portfolio company defaults on a loan, including the entire or partial loss of the accrued PIK interest, the end-of-term payment and/or OID, such as warrant investments and facility fees due to us. To the extent we invest in OID instruments, including PIK loans, zero coupon bonds, and debt securities with attached warrants, you will be exposed to certain risks associated with such investments.
  • Prepayments of our loans could have a material adverse impact on our results of operations and our ability to make stockholder distributions, increase the risk of violating 1940 Act provisions applicable to BDCs and breaching covenants under our borrowing arrangements, and could result in a decline in the value of our shares.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • The disposition of our investments may result in contingent liabilities.
  • Our equity related investments are highly speculative, and we may not realize gains from these investments.
  • Investments in foreign companies may involve significant risks in addition to the risks inherent in investments in U.S. companies.
  • We may expose ourselves to risks resulting from our use of hedging transactions.
  • Our failure to make protective or follow-on investments in our portfolio companies could impair the value of our portfolio.
  • The effect of global climate change may impact the operations of our portfolio companies.
  • We may be subject to risks associated with our investments in unitranche secured loans and securities.
  • Risks Relating to our Common Stock and Securities
  • Shares of our common stock are not listed on an exchange or quoted through a quotation system and will not be listed for the foreseeable future, if ever, and there may be no future Advanced Liquidity Event. Therefore, our stockholders will have limited liquidity.
  • We may choose to pay dividends in our common stock, in which case you may be required to pay tax in excess of the cash you receive.
  • If we fail to pay dividends on our Series A Preferred Stock for two years, the holders of our Series A Preferred Stock will be entitled to elect a majority of our directors.
  • A downgrade, suspension or withdrawal of the credit rating, if any, assigned by a rating agency to us or any of our outstanding securities, or change in the debt markets could cause the liquidity or value of our securities to decline significantly.
  • General Risk Factors
  • Global economic, political and market conditions, including uncertainty about the financial stability of the United States, could have a significant adverse effect on our business, financial condition and results of operations.
  • Events outside of our control, including relating to public health crises, supply-chain disruptions, geopolitical conflicts, including acts of war, and inflation, could negatively affect our portfolio companies’ and our results of operations and financial condition, as well as the amount or frequency of our distributions to stockholders.

Legal proceedings

Neither we, the Adviser, nor our subsidiaries are currently subject to any material pending legal proceedings, other than ordinary routine litigation incidental to our businesses. We, the Adviser, and our subsidiaries may from time to time, however, be involved in litigation arising out of our operations in the normal course of business or otherwise. Furthermore, third parties may seek to impose liability on us in connection with the activities of our portfolio companies. While the outcome of any current legal proceedings cannot at this time be predicted with certainty, we do not expect any current matters will materially affect our financial condition or results of operations; however, there can be

no assurance whether any pending or future legal proceedings will have a material adverse effect on our financial condition or results of operations in any future reporting period.

The opening of Item 3, Legal Proceedings.5

Sources

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    SEC EDGAROther events
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