SuRo Capital : First Quarter 2025 Presentation (8df6a6)

Published: 2025-05-07 04:13:01 ET SSSS

Published on 05/07/2025 at 04:13

Q1 2025 Earnings Call

May 6, 2025

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Net Assets of approximately $156.8 million at quarter-end

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CoreWeave, Inc.(1) - successfully executed IPO on March 28th

OpenAI Global, LLC(2) - announced a $40.0 billion financing round at a $300.0 billion post-money valuation

Colombier Acquisition Corp. II - announced a definitive business combination agreement in January 2025

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Plaid Inc.(3) - $5.0 million investment

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Repurchased $35.3 million in 6.00% Notes due 2026 to date

Issued $35.0 million in 6.50% Convertible Notes due 2029 to date

Reflects SuRo Capital's investments in CoreWeave, Inc. either directly or through membership interest in CW Opportunity 2 LP. CW Opportunity 2 LP is a special purpose vehicle ("SPV") for which the Class A Membership Interest is solely invested in the Class A Common Shares of CoreWeave, Inc. SuRo Capital is invested in the Class A Common Shares of CoreWeave, Inc. through its investment in the Class A Membership Interest of CW Opportunity 2 LP.

SuRo Capital is invested in the Convertible Interest Rights of OpenAI Global, LLC through its investment in the Class A Interest of ARK Type One Deep Ventures Fund LLC. ARK Type One Deep Ventures Fund LLC is an investment fund for which the Class A Interest is solely invested in the Convertible Interest Rights of OpenAI Global, LLC.

SuRo Capital's investment in the Class A Common Shares of Plaid Inc. was made through 1789 Capital Nirvana II LP, an SPV in which SuRo Capital is the Sole Limited Partner. SuRo Capital paid a 7% origination fee at the time of investment. Amount invested does not include the origination fee, capitalized costs, or prepaid fund expenses.

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Note: The logos shown are not inclusive of all of SuRo Capital's current portfolio companies. SuRo Capital's full list of existing investments can be found in public filings at https://www.sec.gov.

Reflects SuRo Capital's investments in CoreWeave, Inc. either directly or through membership interest in CW Opportunity 2 LP. CW Opportunity 2 LP is an SPV for which the Class A Membership Interest is solely invested in the Class A Common Shares of CoreWeave, Inc. SuRo Capital is invested in the Class A Common Shares of CoreWeave, Inc. through its investment in the Class A Membership Interest of CW Opportunity 2 LP.

ARK Type One Deep Ventures Fund LLC is an investment fund for which the Class A Membership Interest is solely invested in the Convertible Interest Rights of OpenAI Global, LLC. SuRo Capital is invested in the Convertible Interest Rights of OpenAI Global, LLC through its investment in the Class A Membership Interest of ARK Type One Deep Ventures Fund LLC.

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We believe other access vehicles miss the mark.

So why choose SuRo Capital?

Have a stake in some of the most exciting private names before they go public

Participate in deals previously reserved for ultra high net worth individuals

We are listed on NASDAQ under ticker symbol "SSSS"

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Disclaimer

SuRo Capital Corp. published this content on May 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 07:47 UTC.