Strong Demand and Commitment Growth
Q1 signed term sheets with venture growth stage companies totaled almost $640 million during the last two quarters, with new debt commitments reaching two-year highs.
Record Fundings in Q2
Fundings for the quarter landed at $28 million, and while only slightly into the current second quarter, more than $50 million has already been funded.
Sector Focus and Diversification
Continued investment in AI and enterprise software sectors, with new portfolio companies like TetraScience, ThoughtSpot, and Airdew reflecting investor shift towards AI.
Stable Credit Performance
No credit downgrades in the first quarter, one upgrade, and no new companies added to the watch list.
Revolut Realized Gain
Participated in Revolut's secondary process, selling $2.3 million of holdings, resulting in a realized gain of $2.3 million.