Fried, Frank, Harris, Shriver & Jacobson LLP

08/04/2022 | Press release | Archived content

TriplePoint Venture Growth Common Stock Offering

Fried Frank acted as counsel to Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters, in connection with TriplePoint Venture Growth BDC Corp.'s (TPVG) offering of 3,750,000 shares of its common stock for total gross proceeds of approximately US$51.5 million. TPVG intends to initially use the net proceeds from this offering to repay outstanding debt borrowed under its revolving credit facility and subsequently make investments in accordance with its investment objectives and strategies.

The Fried Frank team was led by corporate partners Joshua Wechsler and John M. Bibona, and included tax partner Joseph E. Fox; corporate associates Denny Bai, Victoria D. Laubach and Charlene M. Minatee; and corporate law clerk Allison Lin.