Paul Hastings Helps TriplePoint Raise $1B

Law360, New York (October 19, 2011, 7:09 PM EDT) -- TriplePoint Capital, a debt-financing firm with investments in Facebook Inc. and Google Inc.'s YouTube LLC, has closed a deal for $1 billion in capital to increase its portfolio of venture debt financing and equity investments, it announced Wednesday.

The fundraising effort, the largest by a firm doing venture leasing and lending, will also go toward broadening TriplePoint's geographic focus, the firm said in a statement.

“Our newly closed funding allows us to continue delivering TriplePoint’s unique strategy of meeting the long-term debt financing needs of our customers and...
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