Products

A broad array of customized financing solutions for growth stage companies

Overview

While the general components for each type of our debt financing products is substantially the same, we select and customize the specific debt financing product on a case-by-case basis based on our Adviser’s senior investment team’s experience and their analysis of a prospective borrower, its financing needs and its intended use of the proceeds from our debt financing product.

Growth Capital Loans

Size Ranges from $5 Million to $50 Million

We generally target and balance our growth capital loan size to the total equity capital base, the current or near term enterprise value, revenue run rate and current and near team cash and liquidity profile of a prospective borrower.

Short Total Repayment Periods

Typically 36 to 60 months or less and provide for interest only or moderate loan amortization in the early period of the loan, with the majority of the amortization deferred until 24 to 48 months after the loan’s funding date or a large lump sum payment on its maturity.

Equity “Kickers”

In the form of warrants to acquire preferred or common stock in the prospective borrower that allow us to participate in any equity appreciation and enhance our overall returns.

Secured by a Senior Secured Lien

On all of the prospective borrower’s assets including a pledge or negative pledge on its intellectual property. For certain prospective borrowers we will be the only form of secured debt (other than potentially specific equipment financing). Other prospective borrowers may also have a revolving loan, typically from a bank, to finance receivables, cash, billings, bookings or inventory, and the collateral for such financing may be the underlying financed asset, bank accounts and/or a senior lien in priority to our senior lien. In addition, there may be prospective borrowers that have a term loan facility, with or without an accompanying revolving loan, typically from a bank, that may be in priority to our senior lien.

Equipment Financings

Size Ranges from $5 Million to $25 Million

We generally target the size of our equipment financing to anticipate the capital equipment needs for a prospective borrower over a twelve month period balanced by the total equity capital base, the current or near term enterprise value, revenue run rate and current and near team cash and liquidity profile of a prospective borrower.

Short Total Repayment Periods

typically 36 to 48 months or less and provide for short interest only periods followed by full amortization.

Structured as Full Payout Loans or Leases

With either buyout provisions based on the fair market value of the financed equipment or a fixed end-of term payment.

Equity “Kickers”

In the form of warrants to acquire preferred or common stock in the prospective borrower that allow us to participate in any equity appreciation and enhance our overall returns.

Secured Solely by the Underlying Equipment Being Financed

We expect that much of the equipment financed by us will consist of standard, off-the-shelf equipment, such as computers, electronic test and measurement, telecommunications, laboratory equipment, manufacturing or production equipment. In certain cases, a portion of an equipment financing may finance customized equipment, software and/or expenses or soft-costs which may not have any substantial resale value.

Revolving Loans

Size Ranges from $1 Million to $25 Million

We generally structure our revolving loans subject to an advance rate against the company’s inventory, components, accounts receivable, contractual or future billings, bookings, revenues, sales or cash payments and collections including proceeds from a sale, financing or equivalent, that will serve as our sole or primary collateral in support of the repayment of such loans.

Short Total Repayment Periods

Typically 12 to 36 months or less and typically provide for interest only periods and/or moderate loan amortization in the early period of the loan, with the majority of the amortization deferred until 12 to 24 months after the loan’s funding date or on its maturity date.

Equity “Kickers”

In the form of warrants to acquire preferred or common stock in the prospective borrower, equity kickers allow us to participate in any equity appreciation and enhance our overall returns.

Secured by a Senior Secured Lien

On all of the prospective borrower’s assets including a pledge or negative pledge on its intellectual property or on all of the specific assets financed specifically by the revolving loan such as the company’s inventory, components, accounts receivable, contractual or future billings, bookings, revenues, sales or cash payments and collections including proceeds from a sale, financing or equivalent.

Warrants

In connection with our secured loans, we generally expect to receive warrants to acquire preferred or common stock in a venture growth stage company typically at the same price per share paid by the company’s venture capital investors in its last round of equity financing.

Direct Equity Investments

In connection with our secured loans, we may obtain equity investment rights that allow us to invest in a venture growth stage company’s current or next round of private equity financing on the same terms and conditions as the company’s venture capital investors and/or other equity investors in the round. We expect these equity investment rights to typically range from $100,000 to $5 million in size (generally not exceeding 5% of the company’s total equity), although we are under no obligation to make any such investment. Typically, these are passive investments (we do not take a board of director seat in the company) but can be strategically valuable and beneficial as an enhancement to our relationship with the venture growth stage company and to our economic return by generating meaningful return on capital committed.

Product Benefits

TriplePoint Capital provides a powerful combination of commercial finance and venture capital products to serve the needs of any organization, large or small. All of our products and services include:

  • Relationship-Based Approach

    With our Lifespan Approach, we place a great deal of emphasis on establishing and building long-term relationships with our customers, regardless of the size or timing of your financing needs or the stage of your company, and on providing debt financings and equity investments that meet your unique needs each step of the way.

  • Customized & Innovative Solutions

    Our industry leading expertise in financing venture capital-backed companies and our specialized industry focus in technology, life sciences, and other high growth industries enables our team of professionals to work closely with our customers to utilize a creative & flexible perspective when evaluating and anticipating your needs and objectives in both the short term and long term in order to determine a set of innovative and customized solutions.

  • Unsurpassed Capabilities & Stability

    At TriplePoint Capital, no transaction size is too small and no transaction size is too big for us. We have the capacity, reliability and independence to not only provide you with a large and innovative suite of debt financings and equity investments but also enables our ability to grow with your company and provide more capital – domestically and globally.

  • Sole Provider of Lease Based Financing

    TriplePoint Capital is the only dependable and trusted provider of lease based financing to venture capital-backed companies. We are the only team with over 30 years of expertise of providing such value added financing. We complement our lease based offerings with a large universe of loan based financings as well.

  • Responsive

    We are the only lender that views providing reliable and superior customer service in every aspect of your relationship as important as providing you with capital. From streamlined processes, to senior level attention and electronic access to your account information, we deliver on our commitment to providing reliable, world-class customer service.

  • Reliable Partner with Proven Success

    We’ve provided more than $5 billion to more than 500 leading venture capital-backed companies. By partnering with TriplePoint Capital, we enable you to benefit from our success.

Local Action to Address Global Opportunity

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