Steven Levinson
About Steven Levinson
Steven M. Levinson is Chief Compliance Officer (CCO) of TriplePoint Venture Growth BDC Corp. (TPVG) and TPVC since February 2023, and CCO of TriplePoint Advisers LLC since March 2023. He is 59 as of the 2025 proxy. Levinson’s background spans compliance leadership in below-investment-grade credit and audit functions; he holds an MBA in Financial Management (Pace University) and a BA in Accounting and Economics (CUNY–Queens College) . The Board’s risk oversight explicitly relies on active monitoring by the CCO to ensure adherence to compliance policies and procedures; no individual TSR, revenue, or EBITDA performance metrics are attributed to Levinson in company disclosures .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Alcentra NY, LLC | Chief Compliance Officer | Oct 2011 – Aug 2022 | Led compliance for SEC-registered adviser specializing in below investment-grade debt |
| Alcentra Capital Corporation (NASDAQ: ABDC) | Chief Compliance Officer | May 2014 – Feb 2020 | CCO for BDC providing financing to middle-market companies |
| Stone Tower Capital | Director of Compliance | 2007 – 2011 | Directed compliance at below investment-grade debt adviser |
| IDT Corporation | Chief Audit Executive | 2003 – 2006 | Led internal audit function |
| Prudential Securities; Bear Stearns; Dai-Ichi Kangyo Bank; The Chase Manhattan Bank; Price Waterhouse | Various positions | Not disclosed | Financial services and audit roles (years not disclosed) |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| TriplePoint Advisers LLC (Adviser) | Chief Compliance Officer | Since Mar 2023 | Oversees adviser-level compliance supporting TPVG |
| TriplePoint Private Venture Credit Inc. (TPVC) | Chief Compliance Officer | Since Feb 2023 | Ensures compliance for affiliated BDC |
Fixed Compensation
TPVG is externally managed; officers do not receive direct compensation from TPVG. The Administrator (an affiliate of the Adviser) is reimbursed for overhead including the allocable portion of the costs of the CCO and CFO.
| Component | FY 2023 | FY 2024 | Notes |
|---|---|---|---|
| Direct salary paid by TPVG | Not paid | Not paid | Officers receive no direct compensation from TPVG |
| Direct bonus paid by TPVG | Not paid | Not paid | Same as above |
| Administrator reimbursement (company-level) | $2.3 million (Admin services incl. allocable CCO/CFO costs) | Not disclosed | Reimbursement equals TPVG’s allocable portion of Administrator’s overhead |
| Adviser fees (context) | Base management fee: $17.9 million; no incentive fee | Not disclosed | Compensation to Adviser; CCO compensation not itemized |
Performance Compensation
No equity-based awards or option grants are disclosed for TPVG officers; the company reported no option grants in FY 2024 and officers are not directly compensated by TPVG.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Stock options (FY 2024) | N/A | N/A | No grants | N/A | N/A |
| RSUs/PSUs for officers | N/A | N/A | Not disclosed (no direct comp) | N/A | N/A |
| Cash bonus for CCO | N/A | N/A | Not paid by TPVG | N/A | N/A |
| Performance metrics tied to CCO pay | N/A | N/A | Not disclosed | N/A | N/A |
Equity Ownership & Alignment
- Beneficial ownership: Steven Levinson is not listed in TPVG’s beneficial ownership tables for directors and executive officers; his individual share holdings are not disclosed in the 2023–2025 proxies .
- Insider Trading Policy: Directors and officers must pre-clear all transactions with the CCO; quarterly/event-specific blackout periods apply; short-term trading, short sales, buying/selling puts/calls, and hedging are prohibited. Pledging or margin use is generally prohibited, with limited exceptions requiring pre-approval from the CCO .
- Section 16(a) compliance: The company reports all applicable officers/directors met filing requirements in 2022, 2023, and 2024, suggesting adherence to reporting obligations and no noted delinquency .
Employment Terms
- Appointment: CCO of TPVG and TPVC since February 2023; CCO of Adviser since March 2023 .
- Term: Officers hold office until a successor is chosen and qualified, or earlier resignation/removal .
- Indemnification: TPVG has indemnification agreements with executive officers, intended to provide maximum indemnification permitted under Maryland law and the 1940 Act, including advancement of legal expenses .
- Governance interface: The Board’s risk oversight relies on active monitoring by the CCO; Compensation Committee annually reviews reimbursement to the Administrator for the allocable portion of CCO/CFO costs .
- Direct employment contract economics (salary, bonus, severance/change-in-control, clawbacks, tax gross-ups): Not disclosed for the CCO due to externally managed structure; no direct executive compensation from TPVG .
Investment Implications
- Alignment: Absence of direct TPVG equity grants/options and prohibition on hedging/short sales reduces potential misalignment from short-term incentives but also limits “skin-in-the-game”; individual ownership not disclosed for Levinson .
- Selling pressure: Insider Trading Policy’s pre-clearance and blackout periods constrain discretionary trading, reducing opportunistic selling risk; pledging is generally prohibited, mitigating collateral-driven selling .
- Retention and compensation visibility: As an externally managed BDC, CCO compensation flows through the Administrator; TPVG reimbursed $2.3 million in FY 2023 for admin services including the CCO/CFO allocations, but individual pay, severance, and change-of-control details are not disclosed—visibility is limited and retention economics reside at the Adviser/Administrator level .
- Execution/risk oversight: The Board explicitly relies on the CCO’s active monitoring for compliance and risk oversight—continuity in this role is critical for regulatory and governance integrity in a complex credit environment .
