Menlo Park, Calif. – TriplePoint Capital, a Menlo Park-based provider of debt financing, leasing and direct equity investments to venture capital-backed companies, said it has closed a new $1 billion fund. The firm said the financing is the largest private or public capital raise by any company in the 30-year history of the venture debt industry.
TriplePoint said it will utilize the fund to grow its portfolio, as well as broaden its geographic reach, both domestically and internationally.
The new capital was raised from institutional and private funds managed by Wafra Capital Partners and other private investors.
Since its launch in 2006, TriplePoint has committed almost $2 billion to its customers, and plans to invest more than $400 million this year. Clients include Facebook, YouTube, Chegg, Etsy, Shazam Entertainment, Splunk and Square.
This article was also published in Bay Area Tech Wire.
Press release – http://tinyurl.com/44ylqym
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