Neostellar Capital Q2 FY26 net investment loss widens to $(23.4) million; NAV per share falls to $13.44

Net realized gains on investments totaled $5 million, while unrealized depreciation was $0.4 million.

Neostellar Capital posted a net investment loss of $23.4 million, or $0.88 a share, for the quarter ended June 30, 2026.

Net assets slipped to $355.9 million, or $13.44 a share, from $361.6 million, or $14.24 a share, at the start of the quarter.

The quarter’s net investment loss included about $20 million of accelerated, non-recurring expenses tied to the externalization effective July 15, 2026.

Quarter-end net asset value was $13.44 a share; an affiliate of Magnetar invested $20 million in Neostellar after quarter-end.