There is a company that’s doing exactly what you want to do: lending to venture growth stage businesses in the tech sector. Better yet, that company is publicly traded, so retail investors can get a piece of the action simply by owning its shares. The best part is, the company I’m talking about is required by law to share most of its profits with investors. As a result, shareholders can collect juicy dividends...
Now, I’m going to tell you everything you want to know about that company, TriplePoint Venture Growth BDC Corp (NYSE:TPVG). TriplePoint Venture Growth BDC Corp is a business development company (BDC) headquartered in Menlo Park, California. It focuses on lending to businesses in technology, life sciences, and other high-growth industries that are backed by a select group of venture capitalists. By providing senior secured “growth capital” loans to venture-growth stage companies, TPVG is targeting a return of 10% to 18% from interest payments and fees.
Source: Income Investors
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