Earnings ·
Neostellar Capital Corp. reported financial results for the second quarter ended June 30, 2026, showing net assets of…
SSSSLNeostellar Capital Corp.
Neostellar Capital Corp. reported financial results for the second quarter ended June 30, 2026, showing net assets of $355.9 million, or $13.44 per share, down from $14.24 per share at March 31, 2026. The company recorded a net investment loss of $23.4 million ($0.90 per share), which included approximately $20.0 million in accelerated expenses related to its transition to an externally managed structure. Net realized gains on investments totaled $5.0 million, while the portfolio's fair value reached $405.9 million across 37 companies. Subsequent to quarter-end, Neostellar received a $20.0 million redeemable promissory note from a Magnetar affiliate and completed its transition to an externally managed platform under Neostellar Advisors LLC. The company operates as a publicly traded investment firm focused on investing in private, venture-backed businesses.