Net Asset Value Increases to $13.16 Per Share as of September 30, 2013 Conference Call and Webcast with Live Twitter Updates Today at 2:00 p.m. PST WOODSIDE, Calif., Nov. 11, 2013 (GLOBE NEWSWIRE) -- GSV Capital Corp., ("GSV" or the "Company") (Nasdaq:GSVC), today reported financial results for the third quarter ended September 30, 2013. "We are pleased with the growth fundamentals of the overall portfolio and to report an increase in our net asset value of $0.29 to $13.16 per share at September 30th," said Michael Moe, GSV's founder and Chief Executive Officer. "The third quarter brought IPOs for Control4 (Nasdaq:CTRL) and Violin Memory, Inc. (NYSE:VMEM), along with the announcement of a planned IPO for Chegg, Inc. As the public capital markets welcomed the debut of Twitter (NYSE:TWTR) last week, we are delighted to extend our congratulations to the team behind our largest portfolio holding. In recognition of Twitter's ranking as the world's leading platform for instant communication and conversation, we will be providing live updates via Twitter (@gsvcap) during our earnings conference call this afternoon, and we will continue this practice for key events in the future." Portfolio as of September 30, 2013 At September 30, 2013, the Company had positions in 46 portfolio companies at a collective fair value of $253.0 million. Out of GSV's 46 portfolio companies, the top 10 investments represented 64.4% of net asset value, and the top three investments represented 33.8% of net asset value. Net assets totaled $254.3 million or $13.16 per share at September 30, 2013, an increase of $0.29 per share from net assets of $12.87 per share at June 30, 2013.
|Top Ten Investments at September 30, 2013|
|$ in millions||Fair Value||% of Net Asset Value|
|Twitter, Inc.||$ 44.8||17.6 %|
|Palantir Technologies, Inc.||26.2||10.3|
|2U, Inc. (f/k/a 2tor, Inc.)||10.8||4.3|
|Avenues World Holdings LLC||10.4||4.1|
|Total||$ 163.7||64.4 %|