MENLO PARK, Calif.--(BUSINESS WIRE)--
TriplePoint Venture Growth BDC Corp. (the “Company”) (NYSE: TPVG), today
announced that it has named Harold Zagunis as its chief financial
officer. Mr. Zagunis also will continue to serve as the chief financial
officer of TriplePoint Capital LLC, TPVG’s sponsor. Mr. Zagunis brings
to his role at TPVG more than 28 years of public company financial and
accounting experience in the financial services industry. Pursuant to
the previously announced transition plan, Mr. Zagunis replaces Harold
Spencer, who had been serving as the Company’s interim chief financial
officer in connection with the Company’s initial public offering.
“We are pleased that Harold is joining our venture growth stage
investment business,” said Jim Labe, chief executive officer and
chairman of the board of TPVG and chief executive officer of TriplePoint
Capital. “This is an exciting time for him to join TPVG and we look
forward to his contributions in executing our strategy of investing in
promising venture growth stage businesses and delivering attractive,
sustainable returns for our shareholders.”
Prior to joining TriplePoint Capital, Mr. Zagunis served as a managing
director of Redwood Trust, Inc., a publicly traded operating company
focused on residential mortgage banking, commercial mortgage lending and
investing in mortgage- and other real estate-related assets. Before
serving in that role, he held a number of other senior positions at
Redwood Trust, including chief risk officer and chief financial officer,
from 1995 to 2011. From 1986 until 1995, Mr. Zagunis was the vice
president of finance for Landmark Land Company, Inc., a publicly traded
company that owned savings and loan and real estate development
interests. Mr. Zagunis received BA degrees in mathematics and economics
from Willamette University and an MBA from Stanford University Graduate
School of Business.
“We appreciate the confidence investors have shown in us during our
recent initial public offering,” said Mr. Zagunis. “There are a number
of attractive opportunities before us and I am excited to take on this
additional responsibility.”
About TriplePoint Venture Growth BDC Corp.
TriplePoint Venture Growth BDC Corp. (the “Company”) is an externally
managed, closed-end, non-diversified management investment company that
has elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended. It was formed to expand the
venture growth stage business segment of its sponsor, TriplePoint
Capital LLC. The Company’s investment objective is to maximize its total
return to stockholders primarily in the form of current income and, to a
lesser extent, capital appreciation by primarily lending with warrants
to venture growth stage companies focused in technology, life sciences
and other high growth industries backed by a select group of leading
venture capital investors. More information is available at http://www.tpvg.com.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements,"
which relate to future events or the Company's future performance or
financial condition, including statements with regard to the Company's
anticipated use of the net proceeds of the offering. These statements
are not guarantees of future performance and are subject to risks,
uncertainties, and other factors, some of which are beyond the Company's
control and difficult to predict and could cause actual results to
differ materially from those expressed or forecasted in the
forward-looking statements, including those described from time to time
in the Company's filings with the Securities and Exchange Commission,
including the final prospectus that will be filed with the Securities
and Exchange Commission. The Company undertakes no duty to update any
forward-looking statements made herein, unless required to do so by law.
All forward-looking statements speak only as of the time of this press
release.
Source: TriplePoint Venture Growth BDC Corp.