SuRo Capital Corp. reported a robust fiscal year 2025, generating $9.0 million in net proceeds from a partial exit of CW Opportunity 2 LP and $3.1 million from the sale of 70,530 Forge Global shares, resulting in realized gains of $6.7 million and $1.1 million, respectively. These realizations supported aggregate distributions of $0.50 per share, comprising two cash dividends of $0.25 each paid in July and December. The company’s disciplined approach to liquidity events underscores its commitment to converting paper gains into tangible returns for public shareholders.

Consistent with its conviction-driven, research-led strategy, SuRo Capital committed $20.0 million to Magnetar Opportunity 2025-4 LP, a special purpose vehicle investing in TensorWave, Inc., a next-generation AI infrastructure provider. As of January 12, 2026, the first $5.0 million tranche has been funded with a further $15.0 million available upon satisfaction of specified conditions. TensorWave leverages advanced AMD accelerators to deliver scalable, memory-optimized compute for large-scale AI training and inference workloads, a segment where demand is projected to grow at a compound annual rate exceeding 30%.

As of December 31, 2025, SuRo Capital held positions in 35 companies—32 private and 3 public—spanning AI infrastructure, consumer brands and enterprise software. During Q4, the firm also recognized a $1.0 million unrealized loss on its legacy investment in Rebric (d/b/a Compliable) and received nominal proceeds from True Global Ventures 4 Plus Pte Ltd. The company retains approximately 68.1% of its CW Opportunity 2 LP interest following the partial sale, ensuring continued participation in future upside.

Management has elected not to provide a year-end NAV range at this time as it finalizes portfolio valuations and assesses the impact of financings currently in process. SuRo Capital expects to release full Q4 and fiscal year 2025 results during the week of March 9, 2026. Preliminary estimates are unaudited and subject to change, and shareholders should anticipate a detailed breakdown of year-end asset values, realized and unrealized gains, and updated guidance in the forthcoming earnings release.