- Thanks to a $3.16/share distribution paid on Dec. 31, GSV Capital (GSVC) had an estimated NAV of $12.08/share ($268M) at the end of 2015, down from $16.17/share at the end of Q3 and $14.80/share at the end of 2014.
- As of Dec. 31, GSV had 48 positions worth an estimated $349.8M, unchanged from the end of Q3. GSV's stake in analytics/data mining software firm was valued at $56.4M (16.1% of portfolio value). Dropbox accounted for 6.4% of portfolio value, Twitter 5.3%, Spotify 4.6%, Coursera 4.1%, and Lyft, Solexel, and PayNearMe 4% apiece.
- The firm invested $13.8M in Q4, with $10M of the funds going to Spotify (MUSIC) - the subscription music streaming leader was valued at more than $8B in a mid-2015 funding round GSV took part in. $2M was invested in personal learning service provider Declara.
- GSV has invested another $5M since the end of Q4, with $2.5M going to light-field camera developer Lytro and $2M to online video lesson provider Curious.com.
- Since the end of Q4, GSV has sold $1.6M worth of Lyft shares for a realized gain of $974K. The firm has also sold $2.97M worth of shares fuel cell power generator maker Bloom Energy for a realized loss of $882K. GSV ended 2015 with $13.3M in cash and $68.6M in convertible debt.
- GSVC +1.3% after hours to $6.20.
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GSV's Q4 results, earnings release