TriplePoint Venture Growth BDC Corp. delivered a 54% rise in net income for FY2025 to $49.2 million, recovering from prior losses, as the company adjusted to falling interest rates impacting yields. The business development company grew its investment portfolio to represent over 93% of assets while actively managing credit facilities and senior notes, including repaying the maturing $200 million 2026 Notes with proceeds from a recent $75 million private note offering. Despite softer operating cash flow, TPVG maintained a disciplined approach to dividends and capital allocation while expanding unfunded commitments substantially year-over-year.