Suro Capital Corp. · NASDAQ:SSSS
Suro Capital — Sutter Rock Capital — Investor Presentation (October 2019)
12 slides from Suro Capital's investor presentation, Oct 15, 2019
Slide 1: Investor Presentation October 2019
Investor Presentation October 2019
Slide 2: Forward Looking Statements
October 2019 2 Forward Looking Statements Statements included herein, including statements regarding Sutter Rock's beliefs, expectations, intentions or strategies for the future, may constitute "forward - looking statements" . Sutter Rock cautions you that forward - looking statements are not guaran
Slide 3: Sutter Rock Capital Overview
October 2019 3 Sutter Rock Capital Overview Overview Sutter Rock Capital, formerly GSV Capital, is a Nasdaq - listed BDC (NASDAQ : SSSS) designed to provide access to leading, institutionally and VC - backed private companies such as Palantir, Coursera, and Nextdoor Driven by fundamental structu
Slide 4: Connecting Investors with Opportunity
October 2019 4 Connecting Investors with Opportunity (1) Q3 2019 New Investment. Access Opportunity Institutional investors must manage the complexity of companies’ capital structure in private markets (e.g., Preferences, Ratchets and Waterfalls) Non - accredited investors have limited access to
Slide 5: 3rd Quarter 2019 Projected NAV
$9.99 $10.46 $10.58 $9.89 $10.75 $10.75 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 October 2019 5 3rd Quarter 2019 Projected NAV Estimated NAV Range of $11.15 – $11.40 $11.15 - 11.40
Slide 6: Select Current & Previous Portfolio Companies
October 2019 6 Select Current & Previous Portfolio Companies Current Sutter Rock Portfolio Company (1) (1) (1) Q3 2019 New Investment.
Slide 7: Targeted Approach on Late-Stage Companies
October 2019 7 Targeted Approach on Late - Stage Companies Sutter Rock has been successful investing in late - stage companies and monetizing investments via IPO . Sutter Rock will continue to invest alongside top VCs including Andreessen Horowitz, Benchmark, IVP, Kleiner Perkins, and Sequoia Ca
Slide 8: Investment Activity: Lime
October 2019 Investment Activity: Lime Q1 2019 Source: McKinsey’s “ Micromobility’s 15,000 - Mile Checkup” (January 2019), Lime company materials. Note: Company statistics as of time of investment. Lime Overview • Sutter Rock Investment : $ 10 . 0 M • Lime has already completed more than 50 M trips
Slide 9: Investment Activity: Nextdoor
October 2019 Investment Activity: Nextdoor Q4 2018 Nextdoor Overview • Sutter Rock Investment : $ 10 . 0 M • Raised $ 123 M in its May 2019 Series F financing round, which valued the company at $ 2 . 1 B, and raised an additional $ 47 M in a second close during Q 3 2019 • Co - founded in 2010 by Nir
Slide 10: Investment Activity: GreenAcreage & Treehouse
Investment Activity: GreenAcreage & Treehouse In Q3 2019, Sutter Rock closed $7.5M investments in each of GreenAcreage and Treehouse • GreenAcreage has a 20+ property, ~$150M+ pipeline of real estate properties with Acreage, with ROFO on new properties • Acreage has operations in 20 states and enter
Slide 11: Highlighted Portfolio Companies
October 2019 11 Highlighted Portfolio Companies Sutter Rock Position : $ 16 . 0 M ( 1 ) Sutter Rock Cost Basis : $ 5 . 0 M Provides an online learning platform on which students and educators can access over 30 million course - specific practice problems, study guides, videos, and class notes
Slide 12: Shareholder Initiatives
October 2019 12 Shareholder Initiatives July 1, 2017: Enter into new $12M Credit Facility 1 August 8, 2017: Announce $5M discretionary share repurchase November 7, 2017: Expand share repurchase program to $10M December 15, 2017: Commence Tender of 5.25% Notes February 1, 2018: Announce Management Fe
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