TriplePoint Venture Growth BDC Corp. reported its financial results for the second quarter of 2025, revealing a net increase in net assets resulting from operations of $13.2 million, compared to $8.6 million in the same period last year. The company’s net investment income for the quarter was $11.3 million, translating to $0.28 per share, down from $0.33 per share in the prior year. For the six months ended June 30, 2025, the company recorded a net increase of $25.9 million, with net investment income of $22.0 million, or $0.55 per share, compared to $0.74 per share in the same period of 2024.
Total investment and other income for the second quarter was $23.3 million, a decrease from $27.1 million in the prior year, primarily due to a lower average principal amount outstanding on income-bearing debt investments and reduced investment yields. The company’s total assets increased to $788.3 million as of June 30, 2025, up from $763.0 million at the end of 2024, driven by a rise in investments at fair value, which reached $717.9 million, compared to $676.2 million at the end of the previous fiscal year.
In terms of operational developments, TriplePoint Venture Growth BDC made significant strides in its investment activities, entering into debt commitments totaling $160.1 million during the second quarter, with $78.5 million funded to nine portfolio companies. The company also reported a weighted average annualized portfolio yield on debt investments of 12.3% at origination for the quarter. As of June 30, 2025, the company had 297 investments in 119 companies, with a fair value of $590.6 million in debt investments.
The company’s liabilities increased to $439.6 million, primarily due to a rise in borrowings under its revolving credit facility, which stood at $50.0 million as of June 30, 2025, compared to $5.0 million at the end of 2024. The company also repaid its 2025 Notes in full at maturity in March 2025. Looking ahead, TriplePoint Venture Growth BDC has announced a regular quarterly distribution of $0.23 per share, payable on September 30, 2025, and plans to continue its investment strategy focused on venture growth stage companies, supported by a discretionary share purchase program to acquire up to $14 million of its outstanding shares.
About TriplePoint Venture Growth BDC Corp.
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