# EDGAR Filing Document

**Accession Number:** 0001646147
**File Stem:** 0001213900-25-050857
**Filing Date:** 2025-6
**Character Count:** 76967
**Document Hash:** 966e2aaf532ef05951a8ab5f75615221
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-050857.hdr.sgml**: 20250603

**ACCESSION NUMBER**: 0001213900-25-050857

**CONFORMED SUBMISSION TYPE**: 40-APP/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250603

**DATE AS OF CHANGE**: 20250603

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TriplePoint Venture Growth BDC Corp.
- **CENTRAL INDEX KEY:** 0001580345

**ORGANIZATION NAME:**
- **EIN:** 463082016
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768
- **FILM NUMBER:** 251020551

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** (650) 854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPVG Variable Funding Co LLC
- **CENTRAL INDEX KEY:** 0001646145

**ORGANIZATION NAME:**
- **EIN:** 352487873
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-14
- **FILM NUMBER:** 251020549

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 6508542090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPVG Investment LLC
- **CENTRAL INDEX KEY:** 0001646146

**ORGANIZATION NAME:**
- **EIN:** 473415652
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-13
- **FILM NUMBER:** 251020564

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 6508542090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Triplepoint Advisers LLC
- **CENTRAL INDEX KEY:** 0001646147

**ORGANIZATION NAME:**
- **EIN:** 464029100
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-08
- **FILM NUMBER:** 251020559

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 6508542090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TPVG Advisers LLC
- **DATE OF NAME CHANGE:** 20150624
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPC Credit Partners 3 LLC
- **CENTRAL INDEX KEY:** 0001646151

**ORGANIZATION NAME:**
- **EIN:** 800931984
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-02
- **FILM NUMBER:** 251020552

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 6508542090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPF Funding 1 LLC
- **CENTRAL INDEX KEY:** 0001705715

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-05
- **FILM NUMBER:** 251020556

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** (650) 854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPF Funding 3 LLC
- **CENTRAL INDEX KEY:** 0002065799

**ORGANIZATION NAME:**
- **EIN:** 333127167
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-01
- **FILM NUMBER:** 251020554

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD, SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-233-2100

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD, SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TriplePoint Ventures 5 LLC
- **CENTRAL INDEX KEY:** 0001721963

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-03
- **FILM NUMBER:** 251020553

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TriplePoint Private Venture Credit Inc.
- **CENTRAL INDEX KEY:** 0001792509

**ORGANIZATION NAME:**
- **EIN:** 843383695
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-15
- **FILM NUMBER:** 251020550

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-233-2102

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TriplePoint Global Venture Credit, LLC
- **DATE OF NAME CHANGE:** 20191028
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPVC Investment LLC
- **CENTRAL INDEX KEY:** 0001981037

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-11
- **FILM NUMBER:** 251020562

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPVC Funding Co LLC
- **CENTRAL INDEX KEY:** 0001981042

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-12
- **FILM NUMBER:** 251020563

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TriplePoint Venture Lending SPV, LLC
- **CENTRAL INDEX KEY:** 0001981079

**ORGANIZATION NAME:**
- **EIN:** 853767408
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-09
- **FILM NUMBER:** 251020560

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TriplePoint Venture Lending Fund, LLC
- **CENTRAL INDEX KEY:** 0001981090

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-10
- **FILM NUMBER:** 251020561

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TPF Funding 2 LLC
- **CENTRAL INDEX KEY:** 0001990501

**ORGANIZATION NAME:**
- **EIN:** 851354362
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-04
- **FILM NUMBER:** 251020555

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 6508542090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TriplePoint Capital LLC
- **CENTRAL INDEX KEY:** 0001334117

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-07
- **FILM NUMBER:** 251020558

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD, SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 650-854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD, SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TriplePoint Financial LLC
- **CENTRAL INDEX KEY:** 0001705717

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40-APP/A

**SEC ACT:**
- **SEC FILE NUMBER:** 812-15768-06
- **FILM NUMBER:** 251020557

**BUSINESS ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** (650) 854-2090

**MAIL ADDRESS:**
- **STREET 1:** 2755 SAND HILL ROAD
- **STREET 2:** SUITE 150
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

File No. 812-15768

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

In the Matter of the Application of:

**TRIPLEPOINT VENTURE GROWTH BDC CORP., TRIPLEPOINT PRIVATE VENTURE CREDIT INC., TPVG VARIABLE FUNDING COMPANY LLC, TPVG INVESTMENT LLC, TPVC FUNDING COMPANY LLC, TPVC INVESTMENT LLC, TRIPLEPOINT VENTURE LENDING FUND LLC, TRIPLEPOINT VENTURE LENDING SPV, LLC, TRIPLEPOINT ADVISERS LLC, TRIPLEPOINT CAPITAL LLC, TRIPLEPOINT FINANCIAL LLC, TPF FUNDING 1 LLC, TPF FUNDING 2 LLC, TPF FUNDING 3 LLC, TRIPLEPOINT VENTURES 5 LLC AND TPC CREDIT PARTNERS 3 LLC** 

2755 Sand Hill Road, Suite 150

Menlo Park, California 94025

(650) 854-2090

FIRST AMENDED AND RESTATED APPLICATION FOR AN ORDER PURSUANT TO SECTIONS 17(d) AND 57(i) OF THE INVESTMENT COMPANY ACT OF 1940 AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 PERMITTING CERTAIN JOINT TRANSACTIONS OTHERWISE PROHIBITED BY SECTIONS 17(d) AND 57(a)(4) OF AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940

 

*All Communications, Notices and Orders to:* 

**James P. Labe**

**Sajal K. Srivastava**

**TriplePoint Advisers LLC**

**2755 Sand Hill Road, Suite 150**

**Menlo Park, California 94025**

**(650) 854-2090** 

 **jlabe@triplepointcapital.com**

 **sks@triplepointcapital.com**

*Copies to:* 

---

| | |
|:---|:---|
| **Harry S. Pangas, Esq**. <br> **Dechert LLP** <br> **1900 K Street, NW** <br> **Washington, DC 20006** <br> **(202) 261-3466** <br> **harry.pangas@dechert.com**  | **Clay Douglas, Esq**. <br> **Dechert LLP** <br> **1900 K Street, NW** <br> **Washington, DC 20006** <br> **(202) 261-3326** <br> **clay.douglas@dechert.com**  |

---

June 3, 2025

**UNITED STATES OF AMERICA<br> BEFORE THE<br> SECURITIES AND EXCHANGE COMMISSION**

---

| | |
|:---|:---|
| **IN THE MATTER OF** | **FIRST AMENDED AND RESTATED** <br> **APPLICATION FOR AN ORDER** |
|  | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TRIPLEPOINT VENTURE GROWTH BDC CORP.,<br> TRIPLEPOINT PRIVATE VENTURE CREDIT INC.,<br> TPVG VARIABLE FUNDING COMPANY LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TPVG INVESTMENT LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TPVC FUNDING COMPANY LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TPVC INVESTMENT LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TRIPLEPOINT VENTURE LENDING FUND, LLC,<br> TRIPLEPOINT VENTURE LENDING SPV, LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TRIPLEPOINT ADVISERS LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TRIPLEPOINT CAPITAL LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TRIPLEPOINT FINANCIAL LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TPF FUNDING 1 LLC,** | **PURSUANT TO SECTIONS 17(d) AND 57(i)**<br> **OF THE INVESTMENT COMPANY ACT OF**<br> **1940 AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940**<br> **PERMITTING CERTAIN JOINT**<br> **TRANSACTIONS OTHERWISE**<br> **PROHIBITED BY SECTIONS 17(d) AND**<br> **57(a)(4) OF AND RULE 17d-1 UNDER THE**<br> **INVESTMENT COMPANY ACT OF 1940** |
| **TPF FUNDING 2 LLC,**<br> **TPF FUNDING 3 LLC,** |  |
| **TRIPLEPOINT VENTURES 5 LLC,** |  |
| **TPC CREDIT PARTNERS 3 LLC** |  |
| **2755 SAND HILL ROAD, SUITE 150** |  |
| **MENLO PARK, CALIFORNIA 94025** |  |
| **File No. 812-15768** |  |

---

**I.** **SUMMARY OF APPLICATION** 

The following entities hereby request an order (the "***Order***") of the U.S. Securities and Exchange Commission (the "***SEC***" or "***Commission***") under Section 57(i) of the Investment Company Act of 1940, as amended (the "***1940 Act***"),<sup>1</sup> and Rule 17d-1, permitting certain joint transactions otherwise prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder. The Order would supersede the exemptive order issued by the Commission on March 28, 2018 and amended on November 7, 2024 (the "***Prior Order***")<sup>2</sup> that was granted pursuant to Sections 57(a)(4), 57(i) and Rule 17d-1, with the result that no person will continue to rely on the Prior Order if the Order is granted.

● TriplePoint Venture Growth BDC Corp. ("  ***TPVG*** "), an externally managed closed-end management investment company that has elected to be regulated as a business development company under the 1940 Act;

● TriplePoint Private Venture Credit Inc. ("  ***TPVC***" and together with TPVG, the "  ***Existing Regulated Funds*** "), an externally managed closed-end management investment company that has elected to be regulated as a business development company under the 1940 Act;

<sup>1</sup> Unless otherwise indicated, all section and rule references herein are to the 1940 Act and rules promulgated thereunder.

<sup>2</sup> TriplePoint Venture Growth BDC Corp., et al. (File No. 812-15500), Release No. IC-35355 (October, 9, 2024) (notice), Release No. IC-35379 (November 7, 2024) (order); (File No. 812-14773), Release No. 33037 (February 28, 2018) (notice), Release No. 33060 (March 28, 2018) (order).

● TPVG Variable Funding Company LLC and TPVG Investment LLC, each a Wholly-Owned Investment Sub (as defined below) of TPVG (together, the "  ***TPVG Subs*** ");

● TPVC Funding Company LLC and TPVC Investment LLC, each a Wholly-Owned Investment Sub (as defined below) of TPVC (together, the "  ***TPVC Subs*** ," and together with the TPVG Subs, the "  ***Existing Wholly Owned Investment Subs*** ");

● TriplePoint Advisers LLC (the "  ***BDC Adviser*** "), an investment adviser that is registered with the Commission under the Investment Advisers Act of 1940, as amended (the "  ***Advisers Act*** "), which serves as the investment adviser to each of the Existing Regulated Funds and the Existing Affiliated Funds (as defined and identified below), on behalf of itself and its successors. <sup>3</sup>

● TriplePoint Capital LLC ("  ***TriplePoint*** "), a Delaware limited liability company exempt from registration under the 1940 Act pursuant to Section 3(c)(7) of the 1940 Act;

● TriplePoint Financial LLC, TPF Funding 1 LLC, TPF Funding 2 LLC, TPF Funding 3 LLC, TriplePoint Ventures 5 LLC, and TPC Credit Partners 3 LLC, each are either a direct or indirect wholly-owned or majority-owned subsidiary of TriplePoint (together, with TriplePoint, the "  ***TPC Companies*** "). The TPC Companies, each of which is a separate and distinct legal entity which would be an investment company but for Section 3(c)(7) of the 1940 Act, from time to time, may hold various financial assets in a principal capacity; and

● TriplePoint Venture Lending Fund, LLC ("  ***TPVL***") and TriplePoint Venture Lending SPV, LLC ("  ***SPV***" and, together with TPVL, the "  ***Existing Affiliated Funds*** "), each of which is an investment fund whose investment adviser is the BDC Adviser and each of which is a separate and distinct legal entity which would be an investment company but for Section 3(c)(7) of the 1940 Act.

The Existing Regulated Funds, the Existing Wholly Owned Investment Subs, the BDC Adviser, the TPC Companies and the Existing Affiliated Funds are collectively referred to herein as the "Applicants."<sup>4</sup>

<sup>3</sup> The term "successor," as applied to each Adviser, is limited to an entity that results from a reorganization into another jurisdiction or change in the type of business organization.

<sup>4</sup> All existing entities that currently intend to rely upon the requested Order have been named as Applicants. Any other existing or future entity that subsequently relies on the Order will comply with the terms and conditions of the Application.

The relief requested in this application for the Order (the "***Application***") would allow a Regulated Fund<sup>5</sup> and one or more Affiliated Entities<sup>6</sup> to engage in Co-Investment Transactions<sup>7</sup> subject to the terms and conditions described herein. The Regulated Funds and Affiliated Entities that participate in a Co-Investment Transaction are collectively referred to herein as "***Participants***."<sup>8</sup> The Applicants do not seek relief for transactions effected consistent with Commission staff no-action positions.<sup>9</sup>

<sup>5</sup> "***Regulated Fund***" means the Existing Regulated Funds and any Future Regulated Funds. "***Future Regulated Fund***" means an entity (a) that is a closed-end management investment company registered under the 1940 Act, or a closed-end management investment company that has elected to be regulated as a business development company under the 1940 Act, (b) whose (1) primary investment adviser or (2) sub-adviser is an Adviser (as defined below) and (c) that intends to engage in Co-Investment Transactions. If an Adviser serves as sub-adviser to a Regulated Fund whose primary adviser is not also an Adviser, such primary adviser shall be deemed to be an Adviser with respect to conditions 3 and 4 only.

The term Regulated Fund also includes (a) any Wholly-Owned Investment Sub (as defined below) of a Regulated Fund, (b) any Joint Venture (as defined below) of a Regulated Fund, and (c) any BDC Downstream Fund (as defined below) of a Regulated Fund that is a business development company. "***Wholly-Owned Investment Sub***" means an entity: (a) that is a "wholly-owned subsidiary" (as defined in Section 2(a)(43) of the 1940 Act) of a Regulated Fund; (b) whose sole business purpose is to hold one or more investments and which may issue debt on behalf or in lieu of such Regulated Fund; and (c) is not a registered investment company or a business development company. "***Joint Venture***" means an unconsolidated joint venture subsidiary of a Regulated Fund, in which all portfolio decisions, and generally all other decisions in respect of such joint venture, must be approved by an investment committee consisting of representatives of the Regulated Fund and the unaffiliated joint venture partner (with approval from a representative of each required). "***BDC Downstream Fund***" means an entity (a) directly or indirectly controlled by a Regulated Fund that is a business development company, (b) that is not controlled by any person other than the Regulated Fund (except a person that indirectly controls the entity solely because it controls the Regulated Fund), (c) that would be an investment company but for Section 3(c)(1) or 3(c)(7) of the 1940 Act, (d) whose investment adviser is an Adviser and (e) that is not a Wholly-Owned Investment Sub.

In the case of a Wholly-Owned Investment Sub that does not have a chief compliance officer or a Board, the chief compliance officer and Board of the Regulated Fund that controls the Wholly-Owned Investment Sub will be deemed to serve those roles for the Wholly-Owned Investment Sub. In the case of a Joint Venture or a BDC Downstream Fund (as applicable) that does not have a chief compliance officer or a Board, the chief compliance officer of the Regulated Fund will be deemed to be the Joint Venture's or BDC Downstream Fund's chief compliance officer, and the Joint Venture's or BDC Downstream Fund's investment committee will be deemed to be the Joint Venture's or BDC Downstream Fund's Board.

<sup>6</sup> "***Affiliated Entity***" means an entity not controlled by a Regulated Fund that intends to engage in Co-Investment Transactions and that is (a) with respect to a Regulated Fund, another Regulated Fund; (b) an Adviser or its affiliates (other than an open-end investment company registered under the 1940 Act), and any direct or indirect, wholly- or majority-owned subsidiary of an Adviser or its affiliates (other than an open-end investment company registered under the 1940 Act), that is participating in a Co-Investment Transaction in a principal capacity; or (c) any entity that would be an investment company but for Section 3(c) of the 1940 Act or Rule 3a-7 thereunder and whose investment adviser is an Adviser. To the extent that an entity described in clause (b) is not advised by an Adviser, such entity shall be deemed to be an Adviser for purposes of the conditions.

<sup>7</sup> "***Co-Investment Transaction***" means the acquisition or Disposition of securities of an issuer in a transaction effected in reliance on the Order or previously granted relief.

<sup>8</sup> "***Adviser***" means the BDC Adviser and any other investment adviser controlling, controlled by, or under common control with the BDC Adviser. The term "Adviser" also includes any internally-managed Regulated Fund.

<sup>9</sup> *See e.g.,* Massachusetts Mutual Life Insurance Co. (pub. Avail. June 7, 2000), Massachusetts Mutual Life Insurance Co. (pub avail. July 28, 2000) and SMC Capital, Inc. (pub avail. Sept. 5, 1995).

**II.** **GENERAL DESCRIPTION OF THE APPLICANTS** 

&nbsp;&nbsp;&nbsp;&nbsp;A. TPVG

TPVG is an externally managed, closed-end management investment company that has elected to be regulated as a business development company ("***BDC***") under the 1940 Act. TPVG was organized as a Maryland corporation on June 28, 2013. TPVG commenced investment operations in March 2014. TPVG has elected to be treated, and intends to qualify annually, as a regulated investment company under sub-chapter M of the Internal Revenue Code of 1986, as amended. TPVG's principal place of business is 2755 Sand Hill Road, Suite 150, Menlo Park, California 94025.

TPVG's investment objective is to maximize total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by lending, typically with warrants, primarily to venture growth stage companies focused in technology and other high growth industries backed by TriplePoint's select group of leading venture capital investors. TPVG has an eight-member board, of which six members are not "interested" persons within the meaning of Section 2(a)(19) of the 1940 Act.<sup>10</sup>

&nbsp;&nbsp;&nbsp;&nbsp;B. TPVC

TPVC is an externally managed, non-diversified, closed-end investment company that has elected to be regulated as a BDC under the 1940 Act. TPVC was formed as a Maryland limited liability company named TriplePoint Global Venture Credit, LLC on October 2, 2019, and was converted to a Maryland corporation and commenced investment operations on May 27, 2020. TPVC has elected to be treated, and intends to qualify annually, as a regulated investment company under sub-chapter M of the Internal Revenue Code of 1986, as amended. TPVC's principal place of business is 2755 Sand Hill Road, Suite 150, Menlo Park, California 94025.

TPVC's investment objective is to maximize total return to stockholders primarily in the form of current income from secured loans and, to a lesser extent, through capital gains from equity "kickers" in the form of warrants and direct equity investments to venture capital-backed companies. TPVC has a five-member board, of which three are not "interested" persons within the meaning of Section 2(a)(19) of the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;C. Existing Wholly
 Owned Investment Subs

TPVG Variable Funding Company LLC was organized as a Delaware limited liability company on October 28, 2013. TPVG Variable Funding Company LLC is a wholly-owned, bankruptcy remote special purpose subsidiary of TPVG and was established for the purposes of utilizing a certain secured revolving credit facility.

TPVG Investment LLC was organized as a Delaware limited liability company on September 4, 2014. TPVG Investment LLC is a wholly-owned taxable subsidiary of TPVG and was established to hold certain of TPVG's investments for the purposes of maintaining TPVG's regulated investment company tax status.

TPVC Funding Company LLC was organized as a Maryland limited liability company on February 18, 2020. TPVC Funding Company LLC is a wholly-owned bankruptcy remote subsidiary of TPVC and was established for the purposes of utilizing a certain secured revolving credit facility.

TPVC Investment LLC was organized as a Maryland limited liability company on December 13, 2019. TPVC Investment LLC is a wholly-owned subsidiary of TPVC and was established to hold certain of TPVC's investments for the purposes of maintaining TPVC's regulated investment company tax status.

&nbsp;&nbsp;&nbsp;&nbsp;D. The Existing Affiliated
 Funds

Each Existing Affiliated Fund is a privately-offered fund that would be an "investment company" but for Section 3(c)(1) or Section 3(c)(7) of the 1940 Act.<sup>11</sup>

<sup>10</sup> The Board of each Future Regulated Fund will consist of a majority of members who are not "interested persons" of such Future Regulated Fund within the meaning of Section 2(a)(19) of the 1940 Act.

<sup>11</sup> In the future, an Affiliated Fund may register as a closed-end management investment company under the 1940 Act or elect to be regulated as a BDC under the 1940 Act and, if so registered or regulated, will be considered a Regulated Fund for purposes of this application.

TriplePoint Venture Lending Fund, LLC was organized as a limited liability company under the laws of the state of Delaware on October 23, 2020. TPVL's investment objective is to maximize our total return to stockholders primarily in the form of current income from secured loans and, to a lesser extent, through capital gains from equity "kickers" in the form of warrants and direct equity investments to venture capital-backed companies.

TriplePoint Venture Lending SPV, LLC was organized as a limited liability company under the laws of the state of Delaware on October 23, 2020. TriplePoint Venture Lending SPV, LLC is a wholly-owned subsidiary of TriplePoint Venture Lending, LLC and was established for the purposes of utilizing a certain secured revolving credit facility.

Each Existing Affiliated Fund has its own respective managing member with general ultimate responsibility for the management and operations of such Existing Affiliated Fund. The BDC Adviser serves as investment adviser to the Existing Affiliated Funds.

&nbsp;&nbsp;&nbsp;&nbsp;E. The BDC Adviser

The BDC Adviser serves as the investment adviser of the Existing Regulated Funds and the Existing Affiliated Funds and either they or another Adviser will serve as the investment adviser to any Future Regulated Fund. The BDC Adviser also provides or will provide administrative services to the Existing Regulated Funds and the Existing Affiliated Funds under an administrative services agreement. Under the terms of an investment advisory agreement with each Existing Regulated Fund and Existing Affiliated Fund, the BDC Adviser will, among other things, manage the investment portfolio, direct purchases and sales of portfolio securities and report thereon to each Existing Regulated Fund's and Existing Affiliated Fund's officers and directors/manager regularly. The BDC Adviser is a wholly-owned subsidiary of TriplePoint.

&nbsp;&nbsp;&nbsp;&nbsp;F. TriplePoint and
 the TPC Companies

TriplePoint was organized as a limited liability company under the laws of the State of Delaware on January 21, 2003. TriplePoint is a leading global financing provider devoted to serving venture capital-backed companies with creative, flexible and customized debt financing, equity capital and complementary services throughout their lifespan. TriplePoint is exempt from registration under the 1940 Act pursuant to Section 3(c)(7) of the 1940 Act.

TriplePoint Financial LLC was organized as a limited liability company under the laws of the state of Delaware on May 3, 2017. TriplePoint Financial LLC is a wholly-owned subsidiary of TriplePoint.

TPF Funding 1 LLC was organized as a limited liability company under the laws of the state of Delaware on May 3, 2017. TPF Funding 1 LLC is a wholly-owned subsidiary of TriplePoint Financial LLC.

TPF Funding 2 LLC was organized as a limited liability company under the laws of the state of Delaware on June 20, 2020. TPF Funding 2 LLC is a wholly-owned subsidiary of TriplePoint Financial LLC.

TPF Funding 3 LLC was organized as a limited liability company under the laws of the State of Delaware on January 7, 2025. TPF Funding 3 LLC is a wholly-owned subsidiary of TriplePoint Financial LLC.

TriplePoint Ventures 5 LLC was organized as a limited liability company under the laws of the state of Delaware on January 20, 2016. TriplePoint Ventures 5 LLC is a wholly-owned subsidiary of TriplePoint.

TCP Credit Partners 3 LLC was initially formed as TPC Venture Growth Partners 1 LLC. TPC Venture Growth Partners 1 LLC was organized as a limited liability company under the laws of the State of Delaware on June 7, 2013. On September 3, 2014, TPC Venture Growth Partners 1 LLC filed a Certificate of Amendment under the laws of the State of Delaware changing its name to TPC Credit Partners 3 LLC. TPC Credit Partners 3 LLC is a majority-owned subsidiary of TriplePoint.

The TPC Companies, each of which is a separate and distinct legal entity which would be an investment company but for Section 3(c)(7) of the 1940 Act, from time to time, may hold various financial assets in a principal capacity.

**III.** **ORDER REQUESTED** 

The Applicants request an Order of the Commission under Sections 17(d) and 57(i) of the 1940 Act and Rule 17d-1 thereunder to permit, subject to the terms and conditions set forth below in this Application (the "***Conditions***"), each Regulated Fund to be able to participate with one or more Affiliated Entities in Co-Investment Transactions otherwise prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;A. Applicable Law

Section 17(d), in relevant part, prohibits an affiliated person, or an affiliated person of such affiliated person, of a registered investment company, acting as principal, from effecting any transaction in which the registered investment company is "a joint or a joint and several participant with such person" in contravention of such rules as the SEC may prescribe "for the purpose of limiting or preventing participation by such [fund] on a basis different from or less advantageous than that of such other participant."

Rule 17d-1 prohibits an affiliated person, or an affiliated person of such affiliated person, of a registered investment company, acting as principal, from participating in, or effecting any transaction in connection with, any "joint enterprise or other joint arrangement or profit-sharing plan"<sup>12</sup> in which the fund is a participant without first obtaining an order from the SEC.

Section 57(a)(4), in relevant part, prohibits any person related to a business development company in the manner described in Section 57(b), acting as principal, from knowingly effecting any transaction in which the business development company is a joint or a joint and several participant with such persons in contravention of such rules as the Commission may prescribe for the purpose of limiting or preventing participation by the business development company on a basis less advantageous than that of such person. Section 57(i) provides that, until the SEC prescribes rules under Section 57(a), the SEC's rules under Section 17(d) applicable to registered closed-end investment companies will be deemed to apply to persons subject to the prohibitions of Section 57(a). Because the SEC has not adopted any rules under Section 57(a), Rule 17d-1 applies to persons subject to the prohibitions of Section 57(a).

Rule 17d-1(b) provides, in relevant part, that in passing upon applications under the rule, the Commission will consider whether the participation of a registered investment company in a joint enterprise, joint arrangement or profit-sharing plan on the basis proposed is consistent with the provisions, policies and purposes of the 1940 Act and the extent to which such participation is on a basis different from or less advantageous than that of other participants.

&nbsp;&nbsp;&nbsp;&nbsp;B. Need for Relief

Each Regulated Fund may be deemed to be an affiliated person of each other Regulated Fund within the meaning of Section 2(a)(3) if it is deemed to be under common control because an Adviser is or will be either the investment adviser or sub-adviser to each Regulated Fund. Section 17(d) and Section 57(b) apply to any investment adviser to a closed-end fund or a business development company, respectively, including a sub-adviser. Thus, an Adviser and any Affiliated Entities that it advises could be deemed to be persons related to Regulated Funds in a manner described by Sections 17(d) and 57(b). With respect to the BDC Adviser and any other Advisers that are deemed to be affiliated persons of each other, Affiliated Entities advised by any of them could be deemed to be persons related to Regulated Funds (or a company controlled by a Regulated Fund) in a manner described by Sections 17(d) and 57(b). In addition, any entities or accounts controlled by or under common control with the BDC Adviser and/or any other Advisers that are deemed to be affiliated persons of each other that may, from time to time, hold various financial assets in a principal capacity, could be deemed to be persons related to Regulated Funds (or a company controlled by a Regulated Fund) in a manner described by Sections 17(d) and 57(b). Finally, with respect to any Wholly-Owned Investment Sub, Joint Venture, or BDC Downstream Fund of a Regulated Fund, such entity would be a company controlled by its parent Regulated Fund for purposes of Section 57(a)(4) of the 1940 Act and Rule 17d-l under the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;C. Conditions

Applicants agree that any Order granting the requested relief will be subject to the following Conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Same Terms</u>. With respect to any Co-Investment Transaction, each Regulated Fund, and Affiliated Entity participating in such transaction will acquire, or dispose of, as the case may be, the same class of securities, at the same time, for the same price and with the same conversion, financial reporting and registration rights, and with substantially the same other terms (provided that the settlement date for an Affiliated Entity may occur up to ten business days after the settlement date for the Regulated Fund, and vice versa). If a Participant, but not all of the Regulated Funds, has the right to nominate a director for election to a portfolio company's board of directors, the right to appoint a board observer or any similar right to participate in the governance or management of a portfolio company, the Board of each Regulated Fund that does not hold this right must be given the opportunity to veto the selection of such person.<sup>13</sup>

<sup>12</sup> Rule 17d-1(c) defines a "[j]oint enterprise or other joint arrangement or profit-sharing plan" to include, in relevant part, "any written or oral plan, contract, authorization or arrangement or any practice or understanding concerning an enterprise or undertaking whereby a registered investment company … and any affiliated person of or principal underwriter for such registered company, or any affiliated person of such a person or principal underwriter, have a joint or a joint and several participation, or share in the profits of such enterprise or undertaking …."

<sup>13</sup> Such a Board can also, consistent with applicable fund documents, facilitate this opportunity by delegating the authority to veto the selection of such person to a committee of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Existing Investments in the Issuer</u>. Prior to a Regulated Fund acquiring in a Co-Investment Transaction a security of an issuer in which an Affiliated Entity has an existing interest in such issuer, the "required majority," as defined in Section 57(o) of the 1940 Act,<sup>14</sup> of the Regulated Fund ("***Required Majority***") will take the steps set forth in Section 57(f) of the 1940 Act,<sup>15</sup> unless: (i) the Regulated Fund already holds the same security as each such Affiliated Entity; and (ii) the Regulated Fund and each other Affiliated Entity holding the security is participating in the acquisition in approximate proportion to its then-current holdings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Related Expenses</u>. Any expenses associated with acquiring, holding or disposing of any securities acquired in a Co-Investment Transaction, to the extent not borne by the Adviser(s), will be shared among the Participants in proportion to the relative amounts of the securities being acquired, held or disposed of, as the case may be.<sup>16</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>No Remuneration</u>. Any transaction fee<sup>17</sup> (including break-up, structuring, monitoring or commitment fees but excluding broker's fees contemplated by section 17(e) or 57(k) of the 1940 Act, as applicable), received by an Adviser and/or a Participant in connection with a Co-Investment Transaction will be distributed to the Participants on a pro rata basis based on the amounts they invested or committed, as the case may be, in such Co-Investment Transaction. If any transaction fee is to be held by an Adviser pending consummation of the transaction, the fee will be deposited into an account maintained by the Adviser at a bank or banks having the qualifications prescribed in section 26(a)(1) of the 1940 Act, and the account will earn a competitive rate of interest that will also be divided pro rata among the Participants based on the amount they invest in such Co-Investment Transaction. No Affiliated Entity, Regulated Fund, or any of their affiliated persons will accept any compensation, remuneration or financial benefit in connection with a Regulated Fund's participation in a Co-Investment Transaction, except: (i) to the extent permitted by Section 17(e) or 57(k) of the 1940 Act; (ii) as a result of either being a Participant in the Co-Investment Transaction or holding an interest in the securities issued by one of the Participants; or (iii) in the case of an Adviser, investment advisory compensation paid in accordance with investment advisory agreement(s) with the Regulated Fund(s) or Affiliated Entity(ies).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Co-Investment Policies</u>. Each Adviser (and each Affiliated Entity that is not advised by an Adviser) will adopt and implement policies and procedures reasonably designed to ensure that: (i) opportunities to participate in Co-Investment Transactions are allocated in a manner that is fair and equitable to every Regulated Fund; and (ii) the Adviser negotiating the Co-Investment Transaction considers the interest in the Transaction of any participating Regulated Fund (the "***Co-Investment Policies***"). Each Adviser (and each Affiliated Entity that is not advised by an Adviser) will provide its Co-Investment Policies to the Regulated Funds and will notify the Regulated Funds of any material changes thereto.<sup>18</sup>

<sup>14</sup> Section 57(o) defines the term "required majority," in relevant part, with respect to the approval of a proposed transaction, as both a majority of a BDC's directors who have no financial interest in the transaction and a majority of such directors who are not interested persons of the BDC. In the case of a Regulated Fund that is not a BDC, the Board members that constitute the Required Majority will be determined as if such Regulated Fund were a BDC subject to Section 57(o) of the 1940 Act.

<sup>15</sup> Section 57(f) provides for the approval by a Required Majority of certain transactions on the basis that, in relevant part: (i) the terms of the transaction, including the consideration to be paid or received, are reasonable and fair to the shareholders of the BDC and do not involve overreaching of the BDC or its shareholders on the part of any person concerned; (ii) the proposed transaction is consistent with the interests of the BDC's shareholders and the BDC's policy as recited in filings made by the BDC with the Commission and the BDC's reports to shareholders; and (iii) the BDC's directors record in their minutes and preserve in their records a description of the transaction, their findings, the information or materials upon which their findings were based, and the basis for their findings.

<sup>16</sup> Expenses of an individual Participant that are incurred solely by the Participant due to its unique circumstances (such as legal and compliance expenses) will be borne by such Participant.

<sup>17</sup> The Applicants are not requesting and the Commission is not providing any relief for transaction fees received in connection with any Co-Investment Transaction.

<sup>18</sup> The Affiliated Entities may adopt shared Co-Investment Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Dispositions</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Prior to any Disposition <sup>19</sup> by an Affiliated Entity of a security acquired in a Co-Investment Transaction, the Adviser to each Regulated Fund that participated in
the Co-Investment Transaction will be notified and each such Regulated Fund given the opportunity to participate pro rata based on the
proportion of its holdings relative to the other Affiliated Entities participating in such Disposition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Prior to any Disposition by a Regulated Fund of a security
acquired in a Co-Investment Transaction, the Required Majority will take the steps set forth in Section 57(f) of the 1940 Act, unless:
(i) each Affiliated Entity holding the security participates in the Disposition in approximate proportion to its then-current holding
of the security; or (ii) the Disposition is a sale of a Tradable Security. <sup>20</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Board Oversight</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Regulated Fund's directors will oversee the Regulated
Fund's participation in the co-investment program in the exercise of their reasonable business judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Prior to a Regulated Fund's participation in Co-Investment
Transactions, the Regulated Fund's Board, including a Required Majority, will: (i) review the Co-Investment Policies, to ensure
that they are reasonably designed to prevent the Regulated Fund from being disadvantaged by participation in the co-investment program;
and (ii) approve policies and procedures of the Regulated Fund that are reasonably designed to ensure compliance with the terms of the
Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) At least quarterly, each Regulated Fund's Adviser and
chief compliance officer (as defined in Rule 38a-1(a)(4)) will provide the Regulated Fund Boards with reports or other information requested
by the Board related to a Regulated Fund's participation in Co-Investment Transactions and a summary of matters, if any, deemed
significant that may have arisen during the period related to the implementation of the Co-Investment Policies and the Regulated Fund's
policies and procedures approved pursuant to (b) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Every year, each Regulated Fund's Adviser and chief
compliance officer will provide the Regulated Fund's Board with reports or other information requested by the Board related to
the Regulated Fund's participation in the co-investment program and any material changes in the Affiliated Entities' participation
in the co-investment program, including changes to the Affiliated Entities' Co-Investment Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Adviser and the chief compliance officer will also notify
the Regulated Fund's Board of a compliance matter related to the Regulated Fund's participation in the co-investment program
and related Co-Investment Policies or the Regulated Fund's policies and procedures approved pursuant to (b) above that a Regulated
Fund's chief compliance officer considers to be material.

<sup>19</sup> "***Disposition***" means the sale, exchange, transfer or other disposition of an interest in a security of an issuer.

<sup>20</sup> "***Tradable Security***" means a security which trades: (i) on a national securities exchange (or designated offshore securities market as defined in Rule 902(b) under the Securities Act of 1933, as amended) and (ii) with sufficient volume and liquidity (findings which are to be made in good faith and documented by the Advisers to any Regulated Funds) to allow each Regulated Fund to dispose of its entire remaining position within 30 days at approximately the price at which the Regulated Fund has valued the investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Recordkeeping</u>. All information presented to the Board pursuant to the order will be kept for the life of the Regulated Fund and at least two years thereafter, and will be subject to examination by the Commission and its Staff. Each Regulated Fund will maintain the records required by Section 57(f)(3) as if it were a business development company and each of the Co-Investment Transactions were approved by the Required Majority under Section 57(f).<sup>21</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. In the event that the Commission adopts a rule under the 1940 Act allowing co-investments of the type described in this Application, any relief granted by the Order will expire on the effective date of that rule.

**IV.** **STATEMENT IN SUPPORT OF RELIEF REQUESTED** 

Applicants submit that allowing the Co-Investment Transactions described by this Application is justified on the basis of (i) the potential benefits to the Regulated Funds and their respective shareholders and (ii) the protections found in the terms and conditions set forth in this Application.

&nbsp;&nbsp;&nbsp;&nbsp;A. Potential Benefits to the Regulated Funds and their Shareholders

Section 57(a)(4) and Rule 17d-1 (as applicable) limit the ability of the Regulated Funds to participate in attractive co-investment opportunities under certain circumstances. If the relief is granted, the Regulated Funds should: (i) be able to participate in a larger number and greater variety of investments, thereby diversifying their portfolios and providing related risk-limiting benefits; (ii) be able to participate in larger financing opportunities, including those involving issuers with better credit quality, which otherwise might not be available to investors of a Regulated Fund's size; (iii) have greater bargaining power (notably with regard to creditor protection terms and other similar investor rights), more control over the investment and less need to bring in other external investors or structure investments to satisfy the different needs of external investors; (iv) benefit from economies of scale by sharing fixed expenses associated with an investment with the other Participants; and (v) be able to obtain better deal flow from investment bankers and other sources of investments.

&nbsp;&nbsp;&nbsp;&nbsp;B. Shareholder Protections

Each Co-Investment Transaction would be subject to the terms and conditions of this Application. The Conditions are designed to address the concerns underlying Sections 17(d) and 57(a)(4) and Rule 17d-l by ensuring that participation by a Regulated Fund in any Co-Investment Transaction would not be on a basis different from or less advantageous than that of other Participants. Under Condition 5, each Adviser (and each Affiliated Entity that is not advised by an Adviser) will adopt and implement Co-Investment Policies that are reasonably designed to ensure that (i) opportunities to participate in Co-Investment Transactions are allocated in a manner that is fair and equitable to every Regulated Fund; and (ii) the Adviser negotiating the Co Investment Transaction considers the interest in the Transaction of any participating Regulated Fund. The Co-Investment Policies will require an Adviser to make an independent determination of the appropriateness of a Co-Investment Transaction and the proposed allocation size based on each Participant's specific investment profile and other relevant characteristics.

**V.** **PRECEDENTS** 

The Commission has previously issued orders permitting certain investment companies subject to regulation under the 1940 Act and their affiliated persons to be able to participate in Co-Investment Transactions (the "***Existing Orders***").<sup>22</sup> Similar to the Existing Orders, the Conditions described herein are designed to mitigate the possibility for overreaching and to promote fair and equitable treatment of the Regulated Funds. Accordingly, the Applicants submit that the scope of investor protections contemplated by the Conditions are consistent with those found in the Existing Orders.

<sup>21</sup> If a Regulated Fund enters into a transaction that would be a Co-Investment Transaction pursuant to this Order in reliance on another exemptive order instead of this Order, the information presented to the Board and records maintained by the Regulated Fund will expressly indicate the order relied upon by the Regulated Fund to enter into such transaction.

<sup>22</sup> See, e.g., FS Credit Opportunities Corp., *et al*. (File No. 812-15706), Release No. IC-35520 (April 3, 2025) (notice), Release No. IC-35561 (April 29, 2025) (order); Sixth Street Specialty Lending, Inc. *et al*. (File No. 812-15729), Release No. IC-35531 (April 10, 2025) (notice), Release No. IC-35570 (May 6, 2025) (order); Blue Owl Capital Corporation, *et al*. (File No. 812-15715), Release No. IC-35530 (April 9, 2025) (notice), Release No. IC-35573 (May 6, 2025) (order); BlackRock Growth Equity Fund LP, *et al.* (File No. 812-15712), Release No. IC-35525 (April 8, 2025) (notice), Release No. IC-35572 (May 6, 2025) (order).

**VI.** **PROCEDURAL MATTERS** 

&nbsp;&nbsp;&nbsp;&nbsp;A. Communications

Please address all communications concerning this Application, the Notice and the Order to:

**James P. Labe<br> Sajal K. Srivastava<br> TriplePoint Advisers LLC<br> 2755 Sand Hill Road, Suite 150<br> Menlo Park, California 94025<br> Telephone: (650) 854-2090**

 **jlabe@triplepointcapital.com**

 **sks@triplepointcapital.com**

Please address any questions, and a copy of any communications, concerning this Application, the Notice, and the Order to:

---

| | |
|:---|:---|
| **Harry Pangas, Esq. <br> Dechert LLP <br> 1900 K Street, NW<br> Washington, DC 20006 <br> (202) 261-3466 <br> harry.pangas@dechert.com** | **Clay Douglas, Esq. <br> Dechert LLP<br> 1900 K Street, NW <br> Washington, DC 20006 <br> (202) 261-3326 <br> clay.douglas@dechert.com** |

---

&nbsp;&nbsp;&nbsp;&nbsp;B. Authorizations

The filing of this Application for the Order sought hereby and the taking of all acts reasonably necessary to obtain the relief requested herein was authorized by the Board of each Existing Regulated Fund pursuant to resolutions duly adopted by the Board. Copies of the resolutions are provided below.

Pursuant to Rule 0-2(c), Applicants hereby state that each Existing Regulated Fund and Existing Affiliated Fund have authorized to cause to be prepared and to execute and file with the Commission this Application and any amendment thereto for an order pursuant to Section 57(i) and Rule 17d-1 permitting certain joint transactions otherwise prohibited by Sections 17(d) and 57(a)(4) and Rule 17d-1. The person executing the Application on behalf of the Applicants being duly sworn deposes and says that he has duly executed the Application for and on behalf of the applicable entity listed; that he is authorized to execute the Application pursuant to the terms of an operating agreement, management agreement or otherwise; and that all actions by members, directors or other bodies necessary to authorize each such deponent to execute and file the Application have been taken.

The Applicants have caused this Application to be duly signed on their behalf on the 3<sup>rd</sup> day of June, 2025.

---

| | |
|:---|:---|
| **TriplePoint Venture Growth BDC Corp.** | **TriplePoint Venture Growth BDC Corp.** |
| By: | /s/ James P. Labe |
| Name: | James P. Labe |
| Title: | Chief Executive Officer and Chairman |

---

---

| | |
|:---|:---|
| **TriplePoint Private Venture Credit Inc.** | **TriplePoint Private Venture Credit Inc.** |
| By: | /s/ James P. Labe |
| Name: | James P. Labe |
| Title: | Chief Executive Officer and Chairman |
| **TPVG Variable Funding Company LLC** | **TPVG Variable Funding Company LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | President |

---

---

| | |
|:---|:---|
| **TPVG Investment LLC** | **TPVG Investment LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | President |

---

---

| | |
|:---|:---|
| **TPVC Funding Company LLC** | **TPVC Funding Company LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | President |

---

---

| | |
|:---|:---|
| **TPVC Investment LLC** | **TPVC Investment LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | President |

---

---

| | |
|:---|:---|
| **TriplePoint Venture Lending Fund, LLC** | **TriplePoint Venture Lending Fund, LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **TriplePoint Venture Lending SPV, LLC** | **TriplePoint Venture Lending SPV, LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **TriplePoint Advisers LLC** | **TriplePoint Advisers LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Chief Investment Officer and President |

---

---

| | |
|:---|:---|
| **TriplePoint Capital LLC** | **TriplePoint Capital LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

---

| | |
|:---|:---|
| **TriplePoint Financial LLC** | **TriplePoint Financial LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

---

| | |
|:---|:---|
| **TPF Funding 1 LLC** | **TPF Funding 1 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

---

| | |
|:---|:---|
| **TPF Funding 2 LLC** | **TPF Funding 2 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |
| **TPF Funding 3 LLC** | **TPF Funding 3 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

---

| | |
|:---|:---|
| **TriplePoint Ventures 5 LLC** | **TriplePoint Ventures 5 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

---

| | |
|:---|:---|
| **TPC Credit Partners 3 LLC** | **TPC Credit Partners 3 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TriplePoint Venture Growth BDC Corp., that he is the Chief Executive Officer and Chairman of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TriplePoint Venture Growth BDC Corp.** | **TriplePoint Venture Growth BDC Corp.** |
| By: | /s/ James P. Labe |
| Name: | James P. Labe |
| Title: | Chief Executive Officer and Chairman |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TriplePoint Private Venture Credit Inc., that he is the Chief Executive Officer and Chairman of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TriplePoint Private Venture Credit Inc.** | **TriplePoint Private Venture Credit Inc.** |
| By: | /s/ James P. Labe |
| Name: | James P. Labe |
| Title: | Chief Executive Officer and Chairman |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TPVG Variable Funding Company LLC, that he the President of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TPVG Variable Funding Company LLC** | **TPVG Variable Funding Company LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | President |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TPVG Investment LLC, that he is the President of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TPVG Investment LLC** | **TPVG Investment LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | President |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TPVC Funding Company LLC, that he is the President of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TPVC Funding Company LLC** | **TPVC Funding Company LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | President |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TPVC Investment LLC, that he is the President of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TPVC Investment LLC** | **TPVC Investment LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | President |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TriplePoint Venture Lending Fund, LLC, that he is an Authorized Signatory of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TriplePoint Venture Lending Fund, LLC** | **TriplePoint Venture Lending Fund, LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Authorized Signatory |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TriplePoint Venture Lending SPV, LLC, that he is an Authorized Signatory of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TriplePoint Venture Lending SPV, LLC** | **TriplePoint Venture Lending SPV, LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Authorized Signatory |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TriplePoint Advisers LLC, that he is the Chief Investment Officer and President of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TriplePoint Advisers LLC** | **TriplePoint Advisers LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Chief Investment Officer and President |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TriplePoint Capital LLC, that he is a Co-Chief Executive Officer of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TriplePoint Capital LLC** | **TriplePoint Capital LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TriplePoint Financial LLC, that he is a Co-Chief Executive Officer of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TriplePoint Financial LLC** | **TriplePoint Financial LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TPF Funding 1 LLC, that he is a Co-Chief Executive Officer of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TPF Funding 1 LLC** | **TPF Funding 1 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TPF Funding 2 LLC, that he is a Co-Chief Executive Officer of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TPF Funding 2 LLC** | **TPF Funding 2 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TPF Funding 3 LLC, that he is a Co-Chief Executive Officer of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TPF Funding 3 LLC** | **TPF Funding 3 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TriplePoint Ventures 5 LLC, that he is a Co-Chief Executive Officer of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TriplePoint Ventures 5 LLC** | **TriplePoint Ventures 5 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

**VERIFICATION**

The undersigned states that he has duly executed the foregoing Application for and on behalf of TPC Credit Partners 3 LLC, that he is a Co-Chief Executive Officer of such entity and that all action by officers, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

---

| | |
|:---|:---|
| **TPC Credit Partners 3 LLC** | **TPC Credit Partners 3 LLC** |
| By: | /s/ Sajal K. Srivastava |
| Name: | Sajal K. Srivastava |
| Title: | Co-Chief Executive Officer |

---

EXHIBIT A

<u>Resolutions of Board of Directors of TriplePoint Venture Growth BDC Corp., as adopted on April 21, 2025.</u> 

**WHEREAS**, the Board deems it is advisable and in the best interest of the Fund to file with the U.S. Securities and Exchange Commission (the "Commission") an application for an order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the "1940 Act"), and Rule 17d-l promulgated thereunder (the "Application"), to authorize the entering into of certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.

**NOW, THEREFORE, BE IT RESOLVED**, that the officers of TriplePoint Advisers LLC and the Fund be, and each of them hereby is, authorized and directed on behalf of the Fund and in its name and on behalf of the Fund, to prepare, execute, and cause to be filed with the Commission the Application, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections 17(d) and 57(i) of the 1940 Act, and Rule 17d-1 promulgated under the 1940 Act, authorizing certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated under the 1940 Act; and it is further

**RESOLVED**, that the officers of the Fund be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as such officer or officers shall deem necessary or advisable in order to effectuate the intent of the foregoing resolution; and it is further

**RESOLVED**, that any and all actions previously taken by the Fund or any of its directors or officers in connection with the actions contemplated by the foregoing resolutions be, and each of them hereby is, ratified, confirmed, approved and adopted in all respects as and for the acts and deeds of the Fund.

<u>Resolutions of the Board of Directors of TriplePoint Private Venture Credit Inc., as adopted on April 21, 2025.</u> 

**WHEREAS**, the Board deems it is advisable and in the best interest of the Fund to file with the U.S. Securities and Exchange Commission (the "Commission") an application for an order pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the "1940 Act"), and Rule 17d-l promulgated thereunder (the "Application"), to authorize the entering into of certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated thereunder.

**NOW, THEREFORE, BE IT RESOLVED**, that the officers of TriplePoint Advisers LLC and the Fund be, and each of them hereby is, authorized and directed on behalf of the Fund and in its name and on behalf of the Fund, to prepare, execute, and cause to be filed with the Commission the Application, substantially in the form attached hereto as Exhibit A, and any amendments thereto, pursuant to Sections 17(d) and 57(i) of the 1940 Act, and Rule 17d-1 promulgated under the 1940 Act, authorizing certain joint transactions that otherwise may be prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 promulgated under the 1940 Act; and it is further

**RESOLVED**, that the officers of the Fund be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as such officer or officers shall deem necessary or advisable in order to effectuate the intent of the foregoing resolution; and it is further

**RESOLVED**, that any and all actions previously taken by the Fund or any of its directors or officers in connection with the actions contemplated by the foregoing resolutions be, and each of them hereby is, ratified, confirmed, approved and adopted in all respects as and for the acts and deeds of the Fund.