TriplePoint Venture Growth BDC Corp. announced its financial results for the first quarter ended March 31, 2025, reporting net investment income of $10.7 million, or $0.27 per share. This marks a decrease from $15.5 million, or $0.41 per share, in the first quarter of 2024. Total investment and other income for the quarter was $22.5 million, down from $29.3 million in the prior year period, primarily due to a lower weighted average principal amount outstanding and reduced investment yields.
The company reported a net increase in net assets resulting from operations of $12.7 million, or $0.32 per share, for the first quarter of 2025, compared to $8.0 million, or $0.21 per share, in the first quarter of 2024. Net asset value as of March 31, 2025, was $347.0 million, or $8.62 per share, a slight increase from $8.61 per share at the end of December 2024. The weighted average annualized portfolio yield on debt investments for the quarter was 14.4%.
New debt commitments totaled $76.5 million, and funded debt investments amounted to $27.7 million during the quarter. The company also recognized net realized gains on investments of $2.3 million, primarily from the partial sale of equity in one portfolio company. The Board of Directors declared a regular quarterly distribution of $0.30 per share for the second quarter of 2025, maintaining the previous distribution level.
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