Destiny Tech100 Inc. Reports Third Quarter 2024 Results

Rhea-AI Summary

Destiny Tech100 (NYSE: DXYZ) has released its Q3 2024 financial results. The fund reported a NAV increase to $5.32 per share, up from $5.15 in Q2 2024. The investment portfolio's aggregate fair value stood at $58.2 million as of September 30, 2024, including short-term investments. The fund maintains investments across various privately-held technology companies.

Positive

• NAV per share increased from $5.15 to $5.32 quarter-over-quarter
• Portfolio maintains $58.2 million in fair value

Negative

• None.

Insights

Financial Analyst

The Q3 2024 results show modest growth with NAV increasing by 3.3% from $5.15 to $5.32 per share. The total portfolio value of $58.2 million appears relatively small for a publicly traded investment fund, suggesting market impact. While the increase in NAV is positive, without comparative industry benchmarks or detailed portfolio performance metrics, it's challenging to evaluate the fund's true performance. The lack of information about specific investments in private tech companies and their individual contributions to NAV growth limits meaningful analysis of future growth potential or risk factors.

NEW YORK--(BUSINESS WIRE)-- Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended September 30, 2024. The fund reported a net asset value (NAV) of $5.32 per share of common stock, an increase from $5.15 per share at the end of the second quarter.

As of September 30, 2024, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $58.2 million, including short-term investments. The fund maintains positions in a variety of privately-held technology companies.

Additional Information

For more information about the Tech100 fund, Destiny XYZ Inc., the Fund’s parent company, has made extensive resources available on its website. Prospective investors and the general public are encouraged to visit www.destiny.xyz/tech100 (in the Literature section) to receive the Fund’s most recent semi-annual report and other important information.

About Destiny Tech100

Destiny Tech100 (“DXYZ” and “Tech100”), is a publicly-listed registered closed-end fund that intends to invest in a portfolio of 100 of the top venture-backed private technology companies, providing everyday investors access to many of the world’s most exciting private businesses.

Destiny Tech100 Inc. is currently listed on the New York Stock Exchange under the ticker symbol “DXYZ.” For a comprehensive list of holdings, visit the fund website at www.destiny.xyz/tech100.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241126589683/en/

Robert Blecher

press@destiny.xyz

Source: Destiny Tech100 Inc.

FAQ

What is Destiny Tech100's (DXYZ) NAV per share in Q3 2024?

Destiny Tech100's NAV per share was $5.32 as of September 30, 2024, showing an increase from $5.15 in Q2 2024.

What is the fair value of Destiny Tech100's (DXYZ) investment portfolio in Q3 2024?

As of September 30, 2024, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $58.2 million, including short-term investments.

How much did Destiny Tech100's (DXYZ) NAV increase in Q3 2024?

Destiny Tech100's NAV increased by $0.17 per share, from $5.15 in Q2 2024 to $5.32 in Q3 2024.