GSV Capital Reports First Quarter 2012 Results of Operations

GSV Capital Corp., "GSV",

today reported financial results for the first quarter ended March 31, 2012. Management Commentary "GSV continued to identify, source and execute on our strategy of investing in high-growth venture-backed companies that we believe represent game-changing technology ideas. GSV has added to core holdings during and subsequent to the end of the first quarter. In addition to our stake in Facebook, we increased our holdings in Twitter bringing our total investment to nearly $30 million. We also added to investments in Control4, Bloom Energy, Chegg and Silver Spring Networks. Finally, we've made a new $10 million investment in flash memory company Violin Memory," said Michael T. Moe, GSV's CEO and founder. "During the quarter we also successfully raised $96.2 million in a secondary offering, which we believe represents a strong signal of the level of interest in our investment strategy and the potential of GSV Capital." First Quarter 2012 Portfolio Investment Activity GSV invested in the following new portfolio companies during the first quarter of 2012: AltEgo, LLC; AlwaysOn, LLC; CUX, Inc.; and Maven Research, Inc. Additional investments in Bloom Energy Corporation; Chegg, Inc.; StormWind; The Echo System Corp.; and The rSmart Group, Inc. were also made by GSV during the quarter.