SuRo Capital Q4 2022 Earnings Report
Key Takeaways
SuRo Capital reported net assets of approximately $210.0 million, or $7.39 per share, at December 31, 2022. The company held positions in 39 portfolio companies with an aggregate fair value of approximately $157.2 million, excluding short-term US treasuries. They completed a $10.0 million primary investment in Locus Robotics Corp during the quarter.
Net assets totaled $210.0 million, or $7.39 per share, at December 31, 2022.
Held positions in 39 portfolio companies with an aggregate fair value of approximately $157.2 million.
Completed a $10.0 million primary investment in Locus Robotics Corp.
Liquid assets were approximately $138.5 million as of December 31, 2022.
SuRo Capital
SuRo Capital
Forward Guidance
SuRo Capital remains poised to continue investing in both primary and secondary opportunities for later-stage, high-growth companies. The company believes valuations will continue to converge, creating advantageous conditions for them to deploy capital and remains committed to shareholder value-enhancing initiatives.
Positive Outlook
- Poised to continue investing in both primary and secondary opportunities.
- Focus on later-stage, high-growth companies.
- Belief that valuations will continue to converge.
- Advantageous conditions for capital deployment.
- Committed to shareholder value-enhancing initiatives.
Challenges Ahead
- Residual impact of bank failures rippling through markets.
- Historic volatility in equity markets has continued into 2023.
- Divergence between pricing in private and public markets.
- Uncertainty regarding market conditions.
- Potential risks associated with forward-looking statements.