Key Takeaways
- • TriplePoint Capital announced that Co-Founder and Co-CEO Sajal Srivastava will leave the firm effective the close of business on December 31, 2026, with Co-Founder Jim Labe becoming sole CEO at year's end.
- • Ian Schworer, a 12-year TriplePoint veteran, has been named to the newly created role of Chief Investment Officer of TriplePoint Capital, and will also become CIO of TPVG and TPVC effective December 31, 2026.
- • Srivastava will also step down as President and CIO of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) and TriplePoint Private Venture Credit Inc. (TPVC), remaining a director of both boards until December 31, 2026.
- • TriplePoint reports more than $15 billion committed to over 1,000 companies since its 2006 launch, and closed more than 50 debt and equity transactions in the first half of 2026 ranging from $10 million to $150 million.
Summary
TriplePoint Capital, the Sand Hill Road-based global investment platform providing debt financing, direct equity investments and other solutions to venture capital-backed companies, announced a management transition that takes effect at year-end 2026. Sajal Srivastava, Co-Founder and Co-CEO, will leave the company effective as of the close of business on December 31, 2026. Jim Labe, the other Co-Founder and Co-CEO, will assume the role of sole CEO at that time.
Labe credited Srivastava with significant contributions over the past 23 years and described the firm as an industry-leading venture lending platform that has committed over $15 billion to more than 1,000 companies globally. In conjunction with the transition, Labe announced the creation of a Chief Investment Officer role at TriplePoint Capital, to be filled by Ian Schworer. Schworer, a 12-year TriplePoint veteran, has helped manage the firm's multi-billion dollar portfolio across sectors including AI infrastructure, defense technology, deep tech and healthcare. Most recently he served as Chief Credit Officer. Earlier in his roughly 20-year career, he advised technology companies on IPOs, M&A and financing transactions at Barclays and held consulting and engineering roles at Booz Allen Hamilton, Lockheed Martin and Intel. He holds an M.B.A. from U.C. Berkeley Haas and an M.S. and B.S. in Computer and Electrical Engineering from Virginia Tech.
Srivastava will also leave his roles as President and Chief Investment Officer of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) and TriplePoint Private Venture Credit Inc. (TPVC) at year-end, and will remain a director of both boards until December 31, 2026. Schworer will succeed him as Chief Investment Officer of TPVG and TPVC effective the same date. TPVG is an externally managed business development company focused on venture growth-stage technology companies, sponsored by TriplePoint Capital.
The company stated that it closed more than 50 debt and equity financing transactions in the first half of 2026, ranging from $10 million to $150 million, with companies across AI infrastructure, enterprise software, defense technology, deep tech and healthcare. Srivastava said he plans to pursue a new chapter focused on innovation in the venture capital ecosystem. The announcement was issued via Business Wire.
Labe credited Srivastava with significant contributions over the past 23 years and described the firm as an industry-leading venture lending platform that has committed over $15 billion to more than 1,000 companies globally. In conjunction with the transition, Labe announced the creation of a Chief Investment Officer role at TriplePoint Capital, to be filled by Ian Schworer. Schworer, a 12-year TriplePoint veteran, has helped manage the firm's multi-billion dollar portfolio across sectors including AI infrastructure, defense technology, deep tech and healthcare. Most recently he served as Chief Credit Officer. Earlier in his roughly 20-year career, he advised technology companies on IPOs, M&A and financing transactions at Barclays and held consulting and engineering roles at Booz Allen Hamilton, Lockheed Martin and Intel. He holds an M.B.A. from U.C. Berkeley Haas and an M.S. and B.S. in Computer and Electrical Engineering from Virginia Tech.
Srivastava will also leave his roles as President and Chief Investment Officer of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) and TriplePoint Private Venture Credit Inc. (TPVC) at year-end, and will remain a director of both boards until December 31, 2026. Schworer will succeed him as Chief Investment Officer of TPVG and TPVC effective the same date. TPVG is an externally managed business development company focused on venture growth-stage technology companies, sponsored by TriplePoint Capital.
The company stated that it closed more than 50 debt and equity financing transactions in the first half of 2026, ranging from $10 million to $150 million, with companies across AI infrastructure, enterprise software, defense technology, deep tech and healthcare. Srivastava said he plans to pursue a new chapter focused on innovation in the venture capital ecosystem. The announcement was issued via Business Wire.
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