Form 8-K
8-K — TriplePoint Venture Growth BDC Corp.
Accession: 0001580345-26-000030
Filed: 2026-09-21
Period: 2026-09-15
CIK: 0001580345
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — tvpg-20260915.htm (Primary)
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8-K
8-K (Primary)
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tvpg-20260915
2735 Sand Hill RoadSuite 100Menlo ParkCaliforniaFALSE00015803459/15/202600015803452026-09-152026-09-15
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 15, 2026
TriplePoint Venture Growth BDC Corp.
(Exact name of registrant as specified in its charter)
Maryland 814-01044 46-3082016
(State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employer
Identification No.)
TriplePoint Venture Growth BDC Corp.
2735 Sand Hill Road, Suite 100
Menlo Park, California
94025
(Address of principal executive offices) (Zip Code)
(650) 854-2090
(Registrant’s telephone number, including area code)
n/a
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class
Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share TPVG New York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 15, 2026, Sajal K. Srivastava notified TriplePoint Venture Growth BDC Corp. (the “Company”) of his intention to resign from his positions as (1) a member of the Company’s Board of Directors (the “Board”) and (2) President and Chief Investment Officer of the Company, in each case effective as of the close of business on December 31, 2026. To assist in an orderly transition, Mr. Srivastava will continue to serve in his current roles during the transition period. His resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On September 18, 2026, on the recommendation of its Nominating and Corporate Governance Committee, the Board decreased the size of the Board to seven members from eight members, effective as of the close of business on December 31, 2026.
On September 18, 2026, the Board appointed Ian Schworer to serve as Chief Investment Officer of the Company, effective as of the close of business on December 31, 2026.
Mr. Schworer, 45, will also serve as the Chief Investment Officer of TriplePoint Private Venture Credit Inc., a business development company, TriplePoint Capital LLC (“TPC”) and TriplePoint Advisers LLC, effective as of December 31, 2026. Mr. Schworer has worked at TPC in various capacities since 2014. Mr. Schworer has more than 20 years of experience working in a variety of venture capital, investment banking, management consulting and computer & systems engineering roles. He has significant experience investing in and advising high-growth technology companies. At TPC, Mr. Schworer currently serves as Chief Credit Officer, U.S., overseeing all U.S. Investment and Credit Underwriting functions. Mr. Schworer is also an integral member of the firm’s Credit Committee. Prior to joining TPC, Mr. Schworer was an investment banker in Barclays Capital’s Technology, Media and Telecommunication (TMT) group, a management consultant for Booz Allen Hamilton and an electrical engineer at Lockheed Martin and Intel. Mr. Schworer has an M.B.A. from U.C. Berkeley – Haas School of Business and a M.S in Electrical Engineering and a B.S in Computer Engineering from Virginia Tech.
The Company will not pay cash compensation or provide other benefits directly to Mr. Schworer. Mr. Schworer is an employee of TPC, the direct sole owner of the Company’s investment adviser and the indirect sole owner of the Company’s administrator.
Mr. Schworer: (i) was not appointed as the Company’s Chief Investment Officer pursuant to any arrangement or understanding with any other person; (ii) does not have a family relationship with any of the Company’s directors or other executive officers; and (iii) other than as disclosed herein, has not engaged, since the beginning of the Company’s last fiscal year, nor currently proposes to engage, in any transaction in which the Company was or is a participant.
Item 7.01 Regulation FD Disclosure.
On September 21, 2026, the Company issued a press release announcing the above management transition. A copy of the press release is furnished herewith as Exhibit 99.1.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1
Press Release dated September 21, 2026 (furnished herewith)
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TriplePoint Venture Growth BDC Corp.
By: /s/ James P. Labe
Name: James P. Labe
Title: Chief Executive Officer
Date: September 21, 2026
EX-99.1
EX-99.1
Filename: tpvgpressrelease092126.htm · Sequence: 2
Document
Exhibit 99.1
TriplePoint Capital and TriplePoint Venture Growth BDC Corp. Announce
Management Transition
Menlo Park, Calif., September 21, 2026 — TriplePoint Capital, a leading Sand Hill Road-based global investment platform which provides customized debt financing, direct equity investments and other complementary solutions to venture capital-backed companies in technology and other high-growth industries, today announced a management transition. Sajal Srivastava, Co-Founder and Co-CEO of TriplePoint Capital will leave the company, effective as of the close of business on December 31, 2026, and Jim Labe, Co-Founder and Co-CEO, will assume the role of sole CEO of TriplePoint Capital at year’s end.
“I want to thank Sajal for his significant contributions to the TriplePoint Capital platform over the past 23 years,” said Mr. Labe. “We built TriplePoint into an industry leading and differentiated venture lending platform, backed by committed capital and a strong team, that has committed over $15 billion to more than 1,000 companies across the globe to date. I’m proud of the business we’ve created and excited as TriplePoint continues to work with our venture partners and invest in leading VC-backed companies to take advantage of strong long-term market trends. I’m also pleased to announce the appointment of Ian Schworer to the newly created role of Chief Investment Officer of TriplePoint Capital. Ian is a 12-year veteran at TriplePoint and has helped manage our multi-billion dollar portfolio across sectors such as AI infrastructure, defense technology, deep tech, healthcare, and other high growth industries. I look forward to continuing to work with him in this expanded role.”
“I am deeply proud of what Jim and I have accomplished in building TriplePoint Capital into an industry leading platform on a global basis, as well as the advancements and creativity we introduced to the venture lending industry,” said Mr. Srivastava. “I’m excited to begin a new chapter and continue my passion for driving innovation in the venture capital ecosystem.”
As part of the transition, at year’s end, Mr. Srivastava will also be leaving his role as President and Chief Investment Officer of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (“TPVG”) and TriplePoint Private Venture Credit Inc. (“TPVC”). He will continue to serve as a Director on the Board of Directors of TPVG and TPVC until the close of business on December 31, 2026.
Ian Schworer has been appointed to serve as the Chief Investment Officer of TPVG and TPVC, effective as of close of business on December 31, 2026, after a 20-year career in venture lending, investment banking, management consulting and computer & systems engineering roles. Mr. Schworer has worked at TriplePoint Capital in various investment capacities since March 2014, including most recently as Chief Credit Officer. Earlier in his career, Mr. Schworer advised leading technology companies on IPOs, M&A, and financing transactions at Barclays, and served in consulting roles with Booz Allen Hamilton, as well as Engineering roles at Lockheed Martin and Intel. Mr. Schworer received an M.B.A. from U.C. Berkeley Haas School of Business, and an M.S. and B.S. in Computer and Electrical Engineering from Virginia Tech.
For more than two decades, TriplePoint Capital has supported category-defining entrepreneurs and companies, navigating multiple market cycles with the consistency that gives entrepreneurs and venture investors confidence and stability in any environment. Building on its more than $15 billion of commitments since inception, TriplePoint closed more than 50 debt financing and equity financing and equity investment transactions in the first half of 2026. These financings have ranged from $10 million to $150 million with leading companies across high growth sectors such as AI infrastructure, enterprise software, defense technology, deep tech and healthcare.
ABOUT TRIPLEPOINT CAPITAL
TriplePoint Capital is a Sand Hill Road-based global investment platform which provides customized debt financing, direct equity investments and other complementary solutions to venture capital-backed companies in technology and other high-growth industries. Since TriplePoint's launch in 2006, they've provided more than $15 billion in commitments to over 1,000 venture capital-backed companies across the globe. For more information about the TriplePoint Capital, visit https://www.triplepointcapital.com.
ABOUT TRIPLEPOINT VENTURE GROWTH BDC CORP.
TriplePoint Venture Growth BDC Corp. is an externally-managed business development company focused on providing customized debt financing with warrants and direct equity investments primarily to venture growth stage companies in technology and other high growth industries backed by a select group of venture capital firms. The Company’s sponsor, TriplePoint Capital, is a Sand Hill Road-based global investment platform which provides customized debt financing, leasing, direct equity investments and other complementary solutions to venture capital-backed companies in technology and other high growth industries at every stage of their development with unparalleled levels of creativity, flexibility and service. For more information about TriplePoint Venture Growth BDC Corp., visit https://www.tpvg.com.
1
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release constitute forward-looking statements. Forward-looking statements are not guarantees of future performance, investment activity, financial condition or results of operations and involve a number of substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” and variations of these words and similar expressions are intended to identify forward-looking statements. Actual events, investment activity, performance, condition or results may differ materially from those in the forward-looking statements as a result of a number of factors, including as a result of changes in economic, market or other conditions, and the impact of such changes on the Company’s and its portfolio companies’ results of operations and financial condition, and those factors described from time to time in the Company’s filings with the Securities and Exchange Commission. More information on these risks and other potential factors that could affect actual events and the Company’s performance and financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein, is or will be included in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s opinions only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
INVESTOR RELATIONS AND MEDIA CONTACT
The IGB Group
Leon Berman
212-477-8438
lberman@igbir.com
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