Slide 1: First Quarter 2019
Invest in tomorrow ’ s stars. Today. FIRST QUARTER 2019 GSV Capital financial data as of 03/31/2019; Market data as of 03/31/2019, unless otherwise noted
Slide 2: Forward-Looking Statements
Invest in tomorrow ’ s stars. Today. This presentation contains forward - looking statements that involve substantial risks and uncertainties . All forward - looking statements included in this presentation are made only as of the date hereof and are subject to change without notice . Actual outcome
Slide 3: 1st Quarter 2019 NAV
Invest in tomorrow ’ s stars. Today. 3 1 st Quarter 2019 NAV • Net Assets of $212.5 million, or $10.75 per share, as of March 31, 2019 $9.99 $10.46 $10.58 $9.89 $10.75 1Q18 2Q18 3Q18 4Q18 1Q19
Slide 4: Transition to Internally Managed Structure
Invest in tomorrow ’ s stars. Today. Transition to Internally Managed Structure Internally Managed BDC Has Reduced Cost and Driven Additional Shareholder Value 4 • Transition is consistent with a commitment to implement shareholder - supportive initiatives , including but not limited to: the Share R
Slide 5: Investment Activity: Lime
Invest in tomorrow ’ s stars. Today. 5 Investment Activity: Lime Q1 2019 Today Private Investors Description Lime is a micro - mobility solution that will help people move around their cities in an affordable and convenient way while eliminating their carbon footprint Thesis As micro - mobility beco
Slide 6: Investment Activity: Public Security Exits
Invest in tomorrow ’ s stars. Today. 6 Investment Activity: Public Security Exits Q1 2019 Portfolio Company Investment Trade Period Shares Sold Realized Gain (1) Spotify Technology S.A. Common Shares Q1 2019 85,000 $8.3M Spotify Technology S.A. Common Shares Q2 2019 150,360 $14.3M Spotify Technology
Slide 7: Portfolio Highlights Q1 2019
Invest in tomorrow ’ s stars. Today. (1) As of 05/07/2019. • Coursera raised $103M in its Series E financing , which values the company at over $1.56B (2) • In Q4, GSV Capital valued Coursera at over $828M – almost 50% below this round’s valuation • Lyft operates a peer - to - peer marketplace for o
Slide 8: Top Positions = 57.3% of Total Portfolio
Invest in tomorrow ’ s stars. Today. 6 Top 5 Positions = 57.3% of Total Portfolio as a Percentage of Total Portfolio (Excluding Treasuries) at Fair Value as of 03/31/19 8 Fair Value ($ in millions) % of Total Portfolio 5 $20.6 9.6% 4 $20.9 9.8% 3 $22.1 10.3% 2 $28.7 13.4% 1 $30.1 14.1% • GSV Capital
Slide 9: Key Investment Themes as a Percentage of Total Portfolio
Invest in tomorrow ’ s stars. Today. Key Investment Themes as a Percentage of Total Portfolio (Excluding Treasuries) at Fair Value as of 03/31/19 (1) 9 23.0% 33.9% 27.4% 15.3% (1) “ Sustainability” investment theme accounts for 0.4% of Total Portfolio at Fair Value as of 03/31/2019.
Slide 10: Financial Highlights For the Quarter Ended March 31, 2019
Invest in tomorrow ’ s stars. Today. 10 Financial Highlights For the Quarter Ended March 31, 2019 First Quarter 2019 Dollars ($ in millions) Per Share Net Assets at Beginning of Period $195.4 $9.89 Net Investment Income $0.6 $0.03 Net Realized Loss on Investments ($4.1) ($0.21) Net Change in Unreali
Slide 11: Invest in tomorrow ’ s stars. Today. 11
Invest in tomorrow ’ s stars. Today. 11