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Destiny Tech100 Inc. (NYSE: DXYZ) has released its financial results for Q2 2024, ending June 30. The fund reported a net asset value (NAV) of $5.15 per share, up from $5.07 at the end of Q1. The investment portfolio’s aggregate fair value stood at approximately $56.4 million, including short-term investments. Destiny Tech100 maintains positions in various privately-held technology companies. For more information, visit www.destiny.xyz/tech100 to access the Fund’s semi-annual report and other important details.
Destiny Tech100 Inc. (NYSE: DXYZ) ha pubblicato i suoi risultati finanziari per il secondo trimestre del 2024, terminato il 30 giugno. Il fondo ha riportato un valore netto degli attivi (NAV) di 5,15 dollari per azione, in aumento rispetto a 5,07 dollari alla fine del primo trimestre. Il valore equo aggregato del portafoglio di investimenti si è attestato a circa 56,4 milioni di dollari, inclusi gli investimenti a breve termine. Destiny Tech100 mantiene posizioni in diverse aziende tecnologiche private. Per ulteriori informazioni, visita www.destiny.xyz/tech100 per accedere al rapporto semestrale del Fondo e ad altri dettagli importanti.
Destiny Tech100 Inc. (NYSE: DXYZ) ha publicado sus resultados financieros para el segundo trimestre de 2024, que terminó el 30 de junio. El fondo reportó un valor neto de activos (NAV) de 5,15 dólares por acción, un aumento desde 5,07 dólares al final del primer trimestre. El valor justo agregado de la cartera de inversiones fue de aproximadamente 56,4 millones de dólares, incluyendo inversiones a corto plazo. Destiny Tech100 mantiene posiciones en varias empresas tecnológicas privadas. Para más información, visita www.destiny.xyz/tech100 para acceder al informe semestral del Fondo y otros detalles importantes.
Destiny Tech100 Inc. (NYSE: DXYZ)는 2024년 2분기 재무 실적을 발표했습니다. 이 실적은 6월 30일자로 마감되었습니다. 이 펀드는 주당 5.15달러의 순자산가치(NAV)를 보고했으며, 이는 1분기 말의 5.07달러에서 증가한 수치입니다. 투자 포트폴리오의 총 공정 가치는 약 5640만 달러였으며, 단기 투자도 포함됩니다. Destiny Tech100은 여러 사모 기술 회사에 대한 지분을 보유하고 있습니다. 더 많은 정보를 원하시면 www.destiny.xyz/tech100을 방문하여 펀드의 반기 보고서 및 기타 중요한 세부 정보를 확인하세요.
Destiny Tech100 Inc. (NYSE: DXYZ) a publié ses résultats financiers pour le deuxième trimestre de 2024, se terminant le 30 juin. Le fonds a déclaré une valeur nette d’actif (NAV) de 5,15 dollars par action, en hausse par rapport à 5,07 dollars à la fin du premier trimestre. La valeur équitable agrégée du portefeuille d’investissement s’élevait à environ 56,4 millions de dollars, y compris les investissements à court terme. Destiny Tech100 maintient des positions dans diverses entreprises technologiques privées. Pour plus d’informations, visitez www.destiny.xyz/tech100 pour accéder au rapport semestriel du Fonds et à d’autres détails importants.
Destiny Tech100 Inc. (NYSE: DXYZ) hat seine finanziellen Ergebnisse für das zweite Quartal 2024, das am 30. Juni endete, veröffentlicht. Der Fonds berichtete von einem Nettovermögen (NAV) von 5,15 US-Dollar pro Aktie, was einem Anstieg von 5,07 US-Dollar am Ende des ersten Quartals entspricht. Der aggregate Marktwert des Anlageportfolios lag bei etwa 56,4 Millionen US-Dollar, einschließlich kurzfristiger Investitionen. Destiny Tech100 hält Positionen in verschiedenen privat gehaltenen Technologieunternehmen. Für weitere Informationen besuchen Sie www.destiny.xyz/tech100, um auf den halbjährlichen Bericht des Fonds und andere wichtige Details zuzugreifen.
Positive
- Net asset value (NAV) increased from $5.07 to $5.15 per share quarter-over-quarter
- Investment portfolio’s aggregate fair value reached $56.4 million
The second quarter results for Destiny Tech100 Inc. show modest growth, with the NAV increasing by $0.08 per share to $5.15. This 1.58% increase suggests steady but not explosive growth. The fund’s total portfolio value of $56.4 million indicates a relatively small fund size, which could mean higher volatility but also potential for rapid growth.
The focus on privately-held tech companies is a double-edged sword. While it offers exposure to potentially high-growth firms, it also carries increased risk due to the lack of liquidity and transparency in private markets. Investors should note that valuation methods for private companies can be less standardized, potentially affecting the reported NAV.
Overall, these results suggest stability but don’t indicate any significant breakthroughs or concerns. Investors should closely monitor future reports for trends in NAV growth and any changes in the fund’s investment strategy or portfolio composition.
The Tech100 fund’s performance should be viewed in the context of the broader tech sector. While a 1.58% quarterly NAV increase is positive, it’s important to compare this to tech-focused ETFs or similar venture capital funds to gauge relative performance. The fund’s specialization in privately-held tech companies could be attractive to investors seeking exposure to potential “unicorns” before they go public.
However, the small fund size of $56.4 million raises questions about scalability and ability to access the most promising deals. Larger funds often have advantages in deal flow and resources for due diligence. Investors should inquire about the fund’s deal sourcing strategy and track record in picking winners.
The lack of detailed information on specific holdings is typical for VC funds but makes it challenging for investors to assess the true potential and risks. Prospective investors should thoroughly review the semi-annual report for insights into investment strategy and portfolio diversification.
NEW YORK–(BUSINESS WIRE)– Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended June 30, 2024. The fund reported a net asset value (NAV) of $5.15 per share of common stock, an increase from $5.07 per share at the end of the first quarter.
As of June 30, 2024, Destiny Tech100’s investment portfolio had an aggregate fair value of approximately $56.4 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/20240830071353/en/
Robert Blecher
Source: Destiny Tech100 Inc.
FAQ
What was Destiny Tech100’s (DXYZ) NAV per share in Q2 2024?
Destiny Tech100 Inc. (DXYZ) reported a net asset value (NAV) of $5.15 per share for the quarter ended June 30, 2024.
How much did Destiny Tech100’s (DXYZ) NAV increase in Q2 2024?
Destiny Tech100’s (DXYZ) NAV increased from $5.07 per share at the end of Q1 to $5.15 per share at the end of Q2 2024, a rise of $0.08 per share.
What was the fair value of Destiny Tech100’s (DXYZ) investment portfolio as of June 30, 2024?
As of June 30, 2024, Destiny Tech100’s (DXYZ) investment portfolio had an aggregate fair value of approximately $56.4 million, including short-term investments.
Where can investors find more information about Destiny Tech100 (DXYZ)?
Investors can find more information about Destiny Tech100 (DXYZ) by visiting www.destiny.xyz/tech100 in the Literature section, where they can access the Fund’s most recent semi-annual report and other important information.
