Neostellar Capital Posts Q2 NAV of $13.25–13.75 After $24.5M AI Investments
NSLR•Neostellar Capital completed its remaining $15 million TensorWave investment through Magnetar Opportunity 2025-4 LP, bringing total commitment to $20 million, and funded a $9.5 million Series A in ClickHouse during Q2. The company forecasts a June 30 NAV of $13.25 to $13.75 per share following these allocations.
1. Q2 Investment Portfolio Update
Neostellar Capital funded its remaining $15 million commitment to TensorWave via Magnetar Opportunity 2025-4 LP, raising total exposure to $20 million, and made a $9.5 million Series A investment in ClickHouse. The company also invested $0.2 million in Huntress Labs, expanding its stake in private AI and enterprise software infrastructure.
2. Realized Exits and Portfolio Composition
During the quarter, Neostellar Capital realized $6.5 million in proceeds (and $4.6 million gain) from CW Opportunity 2 LP, $0.5 million in proceeds (and $0.3 million gain) from GrabAGun Digital Holdings, and a full exit of HL Digital Assets with $5.2 million proceeds. As of June 30, the portfolio comprises 37 companies, including 34 private and 3 public holdings.
3. Preliminary Net Asset Value Guidance
As of March 31, 2026, net assets totaled approximately $361.6 million, or $14.24 per share, up from $219.4 million, or $9.18 per share, a year earlier. Following Q2 investments and exits, the company estimates its June 30 NAV at $13.25 to $13.75 per share.
4. Transition to Externally Managed Structure
Effective July 1, 2026, shareholders approved changing the name from SuRo Capital Corp. to Neostellar Capital Corp. and the Nasdaq ticker from SSSS to NSLR in preparation for conversion to an externally managed structure. This shift, pending regulatory approval, is expected to enhance sourcing capabilities and broaden investment opportunities.
