TriplePoint Capital chief financial officer Harold Zagunis has taken on the CFO role at the firm’s business development company, TriplePoint Venture Growth BDC, according to a statement released on Monday.
Zagunis will take over for Harold Spencer, who had been serving as the BDC’s interim CFO during its initial public offering. Zagunis will remain CFO at TriplePoint Capital as well.
TriplePoint declined to comment.
TriplePoint Venture Growth BDC floated its public offering earlier this month, grossing approximately $143.7 million in total proceeds through the sale of roughly 9.6 million shares at an offering price of $15 per share. Shares of the BDC were trading at $16.35 on the New York Stock Exchange at press time.
“We appreciate the confidence investors have shown in us during our recent initial public offering,” Zagunis said in a statement. “There are a number of attractive opportunities before us and I am excited to take on this additional responsibility.”
TriplePoint’s BDC provides loans with warrants to venture growth stage companies in the technology and life sciences sectors.