GSV Capital Corp. (GSVC) $6.70, Reports First Quarter 2019 Financial Results.

Net Asset Value of $10.75 per Share as of March 31, 2019

(Top Performing NAV up 11.5% YOY.)

SAN FRANCISCO, May 08, 2019 (GLOBE NEWSWIRE) — GSV Capital Corp. (“GSV Capital” or the “Company”)(Nasdaq:GSVC) today announced financial results for the quarter ended March 31, 2019.  Net assets totaled approximately $212.5 million, or $10.75 per share, at March 31, 2019, as compared to $9.89 per share at December 31, 2018 and $9.99 per share at March 31, 2018.

“As our portfolio companies gain scale, they are increasingly attracting the attention of private investors,” said Mark Klein, President and Chief Executive Officer of GSV Capital. “We expect this trend to continue and to contribute to the growth of our Net Asset Value.”

“Looking ahead, GSV Capital is well positioned to execute against its disciplined growth investment strategy, and we will continue to be opportunistic and disciplined with our current cash and liquid assets,” Klein continued.

Investment Portfolio as of March 31, 2019
At March 31, 2019, GSV Capital held positions in 26 portfolio companies with an aggregate fair value of approximately $213.6 million.  As a result of the Company’s continued strategy to increase the size of its investments in individual portfolio companies, GSV Capital’s investment portfolio has consolidated around its top positions. The Company’s top five portfolio company investments accounted for approximately 57% of the total portfolio at fair value as of March 31, 2019 and for approximately 90% of GSV Capital’s market capitalization at May 7, 2019.

Top Five Investments at March 31, 2019

$ in millionsFair Value % of Total
Palantir Technologies, Inc.$30.1 14.1%
Coursera, Inc. 28.7 13.4 
Lyft, Inc. 22.1 10.3 
Spotify Technologies S.A. 20.9 9.8 
Course Hero, Inc. 20.6 9.6 
Total (rounded)$122.457.3%

First Quarter 2019 Portfolio Investment Activity

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