GSV Capital Reinvests in Facebook and Twitter
GSV Capital Corp., (Nasdaq:GSVC), the Woodside, CA-based publicly traded investment fund led by Michael Moe, said it has recently increased its holdings in Facebook and Twitter.
For Facebook, GSV added 125,000 shares for a total of 350,000 shares (or 14.3% of the Net Asset Value of the fund). For Twitter, the firm added 330,000 shares for a total of 735,600 shares (or 16.6% of the Net Asset Value of the fund).
Gone public in April 2011, GSV Capital invests in high-growth, venture-backed private companies. Its strategy is to provide investors with access to the type of pre-IPO investments that have historically only been available to angel investors and venture capitalists. GSV’s current portfolio also includes Chegg, GILT Groupe, ZocDoc, Grockit, The Echo Systems, Control 4, and Zynga.