Neostellar Capital Q3 NAV per share falls 6%
NSLR•Neostellar Capital’s Q3 NAV per share fell to $12.64 from $13.44 in the prior quarter. The company reported investment losses and extended its $25 million share repurchase program, subject to liquidity.
1. NAV and investment losses
Neostellar Capital’s Q3 NAV per share fell to $12.64 from $13.44 in the prior quarter. The company said its results reflected a net investment loss and realized and unrealized investment losses; Q3 investment losses were $7.7 million and the net asset value loss was $21.2 million.
2. Repurchase and investment plans
The board approved an extension of the company’s share repurchase program, with $25 million remaining in the allocation, subject to liquidity. The company said a recent financing enhanced its liquidity and flexibility for future investments and highlighted continued opportunities in AI and data infrastructure.
3. Partnership expansion
The company formalized a partnership with Magnetar to expand sourcing and due diligence capabilities, CEO Mark Klein said.
