TriplePoint Venture Growth(TPVG) - 2024 Q4 - Annual Results

Financial Performance - Achieved net investment income of $54.5 million, or$1.40 per share for fiscal year 2024, compared to $73.8 million, or$2.07 per share for fiscal year 2023[13] - Total investment and other income for fiscal year 2024 was $108.6 million, down from$137.5 million in fiscal year 2023[11] - The Company recorded a net decrease in net assets resulting from operations of $7.2 million, or$0.18 per share for the fourth quarter of 2024[16] - The Company reported a net investment income of $12.6 million for the three months ended December 31, 2024, down from$17.3 million in the same period of 2023[32] Investment Activities - Signed $735.6 million of term sheets with venture growth stage companies and closed$175.0 million of new debt commitments during fiscal year 2024[5] - Funded $135.1 million in debt investments to 13 portfolio companies with a 14.1$53.0 million of additional debt commitments and funded $23.5 million in new investments since December 31, 2024[24] Portfolio Performance - Achieved a 15.7$713.7 million and a fair value of $676.2 million as of December 31, 2024[8] - The net asset value was$345.7 million, or $8.61 per share, as of December 31, 2024[5] - As of December 31, 2024, the Company's net assets were$345.7 million, or $8.61 per share, compared to$346.3 million, or $9.21 per share, as of December 31, 2023[21] - Total assets decreased to$763.0 million as of December 31, 2024, from $978.8 million as of December 31, 2023[30] - The total liabilities decreased to$417.4 million as of December 31, 2024, from $632.5 million as of December 31, 2023[30] Liquidity and Distributions - The Company had total liquidity of$373.7 million, consisting of cash and cash equivalents of $78.7 million and available capacity under its Revolving Credit Facility of$295.0 million as of December 31, 2024[22] - Declared a first quarter 2025 distribution of $0.30 per share, bringing total declared distributions to$16.35 per share since the Company's IPO[5] - The Company declared a regular quarterly distribution of $0.30 per share for the first quarter, with estimated spillover income of$43.4 million, or $1.08 per share, as of December 31, 2024[23] Leverage Ratios - The Company ended the quarter with a gross leverage ratio of 1.16x and an asset coverage ratio of 186% as of December 31, 2024[22]