TriplePoint Venture Growth BDC Corp. announced its financial results for the second quarter ended June 30, 2025, reporting net investment income of $11.3 million, or $0.28 per share. This is a decrease from $12.6 million, or $0.33 per share, in the second quarter of 2024. Total investment and other income for the quarter was $23.3 million, down from $27.1 million in the prior year period, primarily due to a lower weighted average principal amount outstanding and less prepayment income.
The company achieved its highest level of closed commitments and fundings since fiscal year 2022, with new debt commitments totaling $160.1 million and funded debt investments amounting to $78.5 million during the quarter. Net asset value as of June 30, 2025, was $348.7 million, or $8.65 per share, an 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 14.5%.
For the six months ended June 30, 2025, net investment income was $22.0 million, or $0.55 per share, compared to $28.1 million, or $0.74 per share, for the same period in 2024. The adviser waived $1.3 million of income incentive fees earned during the second quarter of 2025, and total operating expenses decreased to $12.0 million from $14.5 million in the prior year quarter.
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