Neostellar Capital shifts to external manager in Magnetar joint venture launch
NSLR•External management transition and Magnetar venture
Neostellar Capital shifts to external manager in Magnetar joint venture launch
- Neostellar completed its shift to external management, launching Neostellar Advisors as a joint venture with Magnetar.
- Transition drove USD 20 million of accelerated, non-recurring costs, contributing to a USD 23.4 million net investment loss for Q2 2026.
- Magnetar-affiliated entity provided USD 20 million via a 6.5% redeemable promissory note due 2029, tied to future capital-raising triggers.
