TriplePoint Capital has raised $1 billion in private capital funding. Institutional and private funds managed by Wafra Capital Partners and other private investors provided the funding. The financing will be used to expand its portfolio of venture debt financing and equity investments. Goldman Sachs Group was adviser for the funding.
The global provider of customized debt financing to high-growth, venture capital-backed firms has committed almost $2 billion since its inception in 2006. The companies include Facebook, Google’s YouTube and Gilt Groupe. TriplePoint is looking to commit more than $400 million of new business across 15 countries this year.
Click here for the release from PR Newswire.