TriplePoint Venture Growth BDC Corp. announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. For the fourth quarter, net investment income was $12.6 million, or $0.32 per share, a decrease from $17.3 million, or $0.47 per share, in the fourth quarter of 2023. Total investment and other income for the quarter was $25.8 million, down from $33.0 million in the prior year period.
For the full fiscal year 2024, net investment income was $54.5 million, or $1.40 per share, compared to $73.8 million, or $2.07 per share, for fiscal year 2023. Total investment and other income for the year was $108.6 million, a decrease from $137.5 million in 2023. The company's net asset value as of December 31, 2024, was $345.7 million, or $8.61 per share, a decrease from $9.21 per share at the end of 2023.
Despite the decline in income, the weighted average annualized portfolio yield on debt investments for the fourth quarter was 15.8%, an increase from 15.6% in the prior year quarter. New debt commitments reached $72.0 million, and funded debt investments totaled $49.9 million during the fourth quarter. The Board of Directors declared a regular quarterly distribution of $0.30 per share for the first quarter of 2025, maintaining the current distribution level.
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