Katherine Park
About Katherine J. Park
Katherine J. Park is an independent Class III director of TriplePoint Venture Growth BDC Corp. (TPVG), serving since 2021, with her current term expiring at the 2026 annual meeting . She is 50 years old (age as disclosed in the 2025 proxy) and brings a background in financial technology, alternative asset management, and capital markets, with degrees from Harvard College (AB) and Harvard Business School (MBA) . Park is currently Head of Capital Formation and Investor Relations at Hudson Structured Capital Management, Ltd. (specializing in re/insurance and transportation), and previously held senior roles at Andra Capital, Pagaya Investments, Grafine Partners, and Goldman Sachs . TPVG’s board has affirmatively determined she is independent under NYSE rules and the 1940 Act .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hudson Structured Capital Management, Ltd. | Head of Capital Formation and Investor Relations | Since June 2024 | Leads capital formation and IR for a global alternative asset manager focused on re/insurance and transportation . |
| Andra Capital | Partner; Head of Business Development; Investment Committee Member | Nov 2022 – Jan 2024 | Business development leadership; IC experience in late-stage/growth investing . |
| Pagaya Investments | Head of Business Development | Nov 2021 – Nov 2022 | Fintech business development . |
| Grafine Partners, LP | Managing Director | Sep 2020 – Oct 2021 | Alternative asset management leadership . |
| Goldman Sachs Group Inc. | Managing Director; Head of U.S. Fund and Private Capital | ~2002 – 2020 (roles at GS for ~18 years) | Led U.S. fund and private capital; capital markets expertise . |
| Bain & Company | Consultant | Prior to GS (date not specified) | Strategy/consulting foundation . |
External Roles
| Type | Organization | Role | Notes |
|---|---|---|---|
| Current employment | Hudson Structured Capital Management, Ltd. | Head of Capital Formation and IR | Focused on re/insurance and transportation sectors . |
| Prior employment | Andra Capital | Partner; Head of BD; IC member | Growth and late-stage investing . |
| Prior employment | Pagaya Investments | Head of Business Development | Fintech . |
| Prior employment | Grafine Partners, LP | Managing Director | Alternatives . |
| Prior employment | Goldman Sachs | MD; Head of U.S. Fund & Private Capital | Capital formation/private markets . |
| Education | Harvard College; Harvard Business School | AB; MBA | Academic credentials disclosed . |
| Public company directorships (5-year lookback) | None | — | No other public company directorships listed for Park . |
Board Governance
- Independence: The board (8 directors) includes six independent directors; Park is affirmatively designated independent under NYSE and the 1940 Act .
- Tenure/class: Class III director since 2021; term expires 2026 .
- Committee assignments (2024 year): Park served on Audit, Nominating & Corporate Governance (NCG), Valuation, and Compensation Committees; Audit met 4x, Valuation 4x, NCG 5x, Compensation 1x during 2024 .
- Committee chairs (latest disclosed): Audit—Kimberley H. Vogel (chair) ; NCG—Stephen A. Cassani (chair) ; Valuation—Gilbert E. Ahye (chair) ; Compensation—Steven P. Bird (chair) .
- Attendance: In 2024, the board met 5 times and all directors attended at least 75% of board and committee meetings; all then-serving directors attended the 2024 annual meeting . In 2023, the board met 6 times and all directors attended at least 75% .
- Lead Independent Director: Steven P. Bird is Lead Independent Director (since 2024) with enumerated responsibilities and a three-year term under governance guidelines .
- Executive sessions: Independent directors typically meet in executive session at the conclusion of each regular board meeting, presided over by the Lead Independent Director .
- Risk oversight: Independent-only committees oversee audit, valuation, compensation (including Advisory and Administration Agreements), and governance; the board receives compliance reports from the Chief Compliance Officer and reviews risk processes .
- Independence check vs. related-party transactions: The board evaluated independence considering any portfolio transactions and determined no transaction impaired the independence of any independent director (including Park) .
Fixed Compensation
- Structure (for independent directors; cash only, no equity disclosed): annual retainer and per-meeting fees; additional stipends for committee chairs and Lead Independent Director .
- Aggregate annual compensation actually paid to Park (cash) in 2023 and 2024 shown below .
| Component (Independent Directors) | 2023 | 2024 |
|---|---|---|
| Annual retainer (cash) | $80,000 | $80,000 |
| Board meeting fee (in-person / virtual) | $2,500 / $1,500 per meeting | $2,500 / $1,500 per meeting |
| Committee meeting fee (in-person / virtual) | $1,000 / $500 per meeting | $1,000 / $500 per meeting |
| Committee chair stipends | Audit: +$10,000; NCG/Valuation/Comp: +$5,000 | Audit: +$10,000; NCG/Valuation/Comp: +$5,000 |
| Lead Independent Director stipend | Not disclosed for 2023 | +$15,000 (pro-rated if partial-year) |
| Director | Total Compensation (Cash) | Year |
|---|---|---|
| Katherine J. Park | $104,000 | 2023 |
| Katherine J. Park | $104,000 | 2024 |
Notes: No pension/retirement benefits; D&O insurance provided .
Performance Compensation
| Element | Disclosure |
|---|---|
| Equity awards (RSUs/PSUs) | No director equity awards disclosed; compensation is cash-based fees . |
| Option awards | Company disclosed no grants of stock options, SARs, or similar instruments during FY 2024 . |
| Performance metrics tied to pay | None disclosed for directors; no at-risk performance plan for directors . |
| Clawback, hedging, pledging | Insider Trading Policy prohibits short sales, derivatives, hedging, and generally pledging/margin (pledging only with pre-approval exceptions); pre-clearance required for trades . |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company directorships | None for Park . |
| Interlocks | No public board interlocks disclosed involving Park; board states no independence-impairing transactions for independent directors . |
Expertise & Qualifications
- Alternative assets and capital formation: senior roles at Hudson Structured, Andra Capital, Grafine, and Goldman Sachs; member of an investment committee (Andra) .
- Fintech/business development: leadership roles at Pagaya Investments and Andra Capital .
- Education: AB (Harvard College), MBA (Harvard Business School) .
- Board skill mapping (TPVG view): Company cites her fintech, alternatives, and capital markets experience as reasons for board service .
Equity Ownership
| As of Record Date | Shares Beneficially Owned | Approx. % of Outstanding | Dollar Range Category |
|---|---|---|---|
| March 7, 2024 (37,620,109 shares o/s) | 2,500 | ~0.0066% (2,500 ÷ 37,620,109) | $10,001–$50,000 (based on $9.83 close) |
| March 7, 2025 (40,137,371 shares o/s) | 5,000 | ~0.0125% (5,000 ÷ 40,137,371) | $10,001–$50,000 (based on $7.61 close) |
- Ownership alignment: Park increased holdings from 2,500 to 5,000 shares YoY; TPVG reports dollar-range methodology and used $7.61 (2025) and $9.83 (2024) closing prices to assign categories .
- Estimated value at 2025 record date: ~5,000 × $7.61 ≈ $38,050 (within the $10,001–$50,000 category) .
- Pledging/hedging: Policy prohibits hedging and generally pledging/margin; any pledging requires pre-approval, reducing alignment risk concerns .
Governance Assessment
- Committee breadth and engagement: Park serves on all four standing committees (Audit, NCG, Valuation, Compensation), signaling active oversight in audit quality, governance, valuation of illiquid assets, and advisory/administration agreement review; all committees are independent-only .
- Independence and attendance: Affirmed independent status and ≥75% attendance in 2023 and 2024 support governance effectiveness and reliability for investors .
- Conflicts oversight: As an independent director, Park participates in approving co-investments under the SEC Exemptive Order and annually re-approves the Advisory and Administration Agreements—key controls given the adviser/affiliate structure of BDCs .
- Ownership alignment: Holdings increased to 5,000 shares; however, ownership remains <1% individually, typical for outside directors; company policies restrict hedging/pledging to preserve alignment .
- RED FLAGS: None disclosed specific to Park—no related-party transactions impacting independence, no Section 16 filing delinquencies, no excessive audit committee load (the “>3 audit committees” note applies to other directors in 2023, not Park) .
Implications: Park’s capital formation and alternatives background is well-aligned with TPVG’s venture growth lending model and valuation oversight needs. Her full-committee participation, independence, and attendance mitigate governance and conflict risks in an externally managed BDC structure .
Appendix: Key Governance Disclosures Referenced
- Board composition, independence, committees, and meeting cadence for 2024: .
- Director biography and roles (Park): .
- Director compensation schedule and Park’s aggregate cash compensation: .
- Beneficial ownership (Park) and outstanding shares: .
- Dollar-range methodology and record-date prices: .
- Insider Trading Policy (hedging/pledging restrictions): .
- Co-investment oversight and Advisory/Administration Agreements: .
