GSV Capital Corp has added to the investments it has completed since 30 September, increasing its holdings in Facebook, Inc by adding 125,000 shares for a total of 350,000 shares or 14.3% of the Net Asset Value of the fund.
The Company also increased its holdings in Twitter, Inc, adding 330,000 shares for a total of 735,600 shares or 16.6% of the Net Asset Value of the fund.
GSV has also acquired shares in a group of venture capital backed private companies, including ZocDoc, Inc, Grockit, Inc, The Echo System Corp and Control 4, Inc. Since going public in April 2011, GSV has invested US62 million in a total of 18 VC backed private companies.
"We are particularly excited about the recent round of new investments because they represent both high-profile and sought-after social media companies as well as what we believe are the up and coming venture-backed companies that are innovating in their respective industries. The rate and pace of GSV’s investments reflect the power of our network to source deals at attractive terms," says Michael T Moe (pictured), GSV Capital’s CEO and CIO. "The GSV portfolio has honed in on megatrends that are transforming how people communicate and connect all over the world and the fund offers investors the unique ability to tap into the value-creation of these private companies in a publicly traded, liquid security."
