Business Headlines

GSV Capital Corp. Reports Q1 2017 Results

Net Asset Value of $8.83 per Share as of March 31, 2017

WOODSIDE, Calif., May 09, 2017 (GLOBE NEWSWIRE) -- GSV Capital Corp. ("GSV Capital" or the "Company") (Nasdaq:GSVC) today announced financial results for the quarter ended March 31, 2017. Net assets totaled approximately $195.9 million, or $8.83 per share, at March 31, 2017, as compared to $8.66 per share at December 31, 2016.

"We launched GSV Capital to create broader access to the most dynamic venture-backed private companies in the world and we are pleased to report continued strong fundamentals in our portfolio," said Michael Moe, Chief Executive Officer of GSV Capital. "Historically, leading portfolio positions with a runway to IPO have been a positive catalyst for GSV Capital, and we are encouraged by the signals we have seen from public markets to date."

Notably, on March 1, 2017, GSV Capital portfolio company Snap Inc. completed a $3.4 billion IPO. According to Nasdaq, this was the largest public offering for a U.S. technology company since Facebook's IPO in 2012.

Investment Portfolio as of March 31, 2017
At March 31, 2017, GSV Capital held positions in 39 portfolio companies with an aggregate fair value of approximately $270.7 million. Excluding Treasuries, the Company's top ten portfolio company investments accounted for 59.9% of the total portfolio at fair value.

Top Ten Investments at March 31, 2017
                          
$ in millions (rounded)            Fair Value    % of Total Portfolio     

Palantir Technologies, Inc.         $39.1         14.4%
Spotify Technology S.A.               19.6         7.2     
Dropbox, Inc.                                17.1         6.3     
General Assembly Space, Inc.     15.1         5.6     
JAMF Holdings, Inc.                     14.9         5.5     
Coursera, Inc.                               14.5         5.4     
Lytro, Inc.                                      10.9         4.0     
Course Hero, Inc.                          10.5         3.9     
Ozy Media, Inc.                             10.5         3.9     
Chegg, Inc.                                    10.0         3.7     
Total (rounded)                           $162.1         59.9%

Of the five key investment themes GSV Capital has identified in its portfolio as of March 31, 2017, Education Technology is its largest commitment, accounting for 36.6% of the total portfolio (excluding treasuries) at fair value. Cloud Computing and Big Data represents 34.2% of the total portfolio (excluding treasuries) at fair value, and Social Mobile, Marketplaces and Sustainability represent 17.6%, 10.1% and 1.5% of the total portfolio (excluding treasuries) at fair value, respectively.

Weighted-average common basic shares outstanding were approximately 22.2 million for each of the quarters ended March 31, 2017 and 2016.
GSV Capital's liquid assets were $17.2 million as of March 31, 2017, consisting of $1.4 million of cash, $10.0 million of public securities not subject to lock-up agreements and $5.9 million of public securities subject to a lock-up agreement.

Recent Developments
Subsequent to quarter end, from March 31, 2017 through May 9, 2017, GSV Capital did not purchase or sell any investments.

Conference Call and Webcast
Management will hold a conference call and webcast for investors today at 2:00 p.m. PT (5:00 p.m. ET). The conference call access number for U.S. participants is 888-677-8815, and the conference call access number for participants outside the U.S. is 913-312-0650. The conference ID number for both access numbers is 1306975. Additionally, interested parties can listen to a live webcast of the call from the "Investor Relations" section of GSV Capital's website at http://investors.gsvcap.com/. An archived replay of the webcast will also be available for 12 months following the live presentation.

A replay of the conference call may be accessed until 5:00 p.m. PT (8:00 p.m. ET) on May 16, 2017 by dialing 866-375-1919 (U.S.) or 1 719-457-0820 (International) and using conference ID number 1306975.

About GSV Capital Corp.                                                                                              
GSV Capital Corp. (GSVC) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. Led by industry veteran Michael Moe, the Company seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. GSV Capital is headquartered in Woodside, CA. www.gsvcap.com

Follow GSV Capital on Twitter: @gsvcap

Contact: GSV Capital Corp., (650) 235-4769, IR@gsvam.com