TriplePoint Venture Growth co‑founder to exit CIO role
TriplePoint Venture Growth BDC Corp. outlines a year-end leadership transition, with co-founder Sajal Srivastava departing and Ian Schworer becoming Chief Investment Officer.
Rhea-AI Filing Summary
TriplePoint Venture Growth BDC Corp. (TPVG) reported a planned management transition. On September 15, 2026, Co‑Founder Sajal K. Srivastava notified TPVG of his intention to resign as a member of the Board of Directors and as President and Chief Investment Officer, effective at the close of business on December 31, 2026, and the company states his resignation is not due to any disagreement over operations, policies or practices.
On September 18, 2026, the Board voted to reduce its size from eight to seven members effective December 31, 2026, and appointed Ian Schworer as Chief Investment Officer, effective at the same time. Schworer, a TriplePoint Capital employee with over 20 years of relevant experience, will not receive direct cash compensation or benefits from TPVG for this role.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Effective resignation date: December 31, 2026
Board size after change: 7 members
Board size before change: 8 members
+4 more
7 metrics
Effective resignation date
December 31, 2026
Date Sajal K. Srivastava’s resignation from TPVG roles becomes effective
Board size after change
7 members
Board reduced from eight to seven members effective December 31, 2026
Board size before change
8 members
Board size prior to reduction approved on September 18, 2026
Ian Schworer experience
More than 20 years
Experience in venture capital, investment banking, consulting and engineering
TriplePoint commitments since inception
$15 billion
Commitments by TriplePoint Capital to more than 1,000 companies
Number of companies financed
More than 1,000 companies
Venture capital-backed companies supported by TriplePoint Capital
Transaction size range H1 2026
$10 million to $150 million
Size range of more than 50 debt and equity transactions closed in first half of 2026
Key Terms
business development company, Regulation FD, forward-looking statements, venture growth stage, +1 more
5 terms
business development company financial
"TriplePoint Private Venture Credit Inc., a business development company"
A business development company is a publicly traded investment vehicle that lends to and buys stakes in smaller or privately held companies, acting like a combination of a lender, investor, and business partner. It matters to investors because BDCs offer the potential for higher regular income through dividends and diversified exposure to growing businesses, but they can also carry greater credit and liquidity risk than typical stocks or bonds—think higher-yielding but riskier income instruments.
Regulation FD regulatory
"Item 7.01 Regulation FD Disclosure. On September 21, 2026, the Company issued"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
forward-looking statements regulatory
"Certain statements contained in this press release constitute forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
venture growth stage financial
"direct equity investments primarily to venture growth stage companies in technology"
warrants financial
"providing customized debt financing with warrants and direct equity investments"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did TPVG announce in this Form 8-K?
TPVG disclosed that Sajal K. Srivastava will resign as a Board member and as President and Chief Investment Officer, effective at the close of business on December 31, 2026, and that Ian Schworer has been appointed as Chief Investment Officer effective at the same time.
When will Sajal Srivastava’s resignation from TPVG become effective?
Sajal Srivastava’s resignation from TPVG as a director and as President and Chief Investment Officer becomes effective as of the close of business on December 31, 2026, following a transition period during which he remains in his current roles.
Who is Ian Schworer and what role will he have at TPVG (symbol TPVG)?
TPVG appointed Ian Schworer, a TriplePoint Capital executive with more than 20 years of experience in venture lending and related fields, as its Chief Investment Officer, effective as of the close of business on December 31, 2026.
How is TPVG’s Board size changing in this filing?
On September 18, 2026, TPVG’s Board approved a reduction in its size from eight to seven members, effective as of the close of business on December 31, 2026, coinciding with Sajal Srivastava’s departure from the Board.
Will TPVG directly compensate Ian Schworer as Chief Investment Officer?
TPVG states that it will not pay cash compensation or provide other benefits directly to Ian Schworer. He is an employee of TriplePoint Capital LLC, the direct sole owner of TPVG’s investment adviser and the indirect sole owner of its administrator.
What Regulation FD disclosure did TPVG make in this 8-K?
TPVG reported that on September 21, 2026 it issued a press release describing the management transition and furnished it as Exhibit 99.1, noting that this information is being furnished and not deemed “filed” for purposes of Section 18 of the Exchange Act.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
TriplePoint Venture Growth BDC Corp. | ||||||||
| (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 | ||||||||||||
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).
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
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.
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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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