SURO CAPITAL CORP. Q3 FY2024 earnings call

• Mark Klein discussed SuRo Capital's vision to democratize curated access to venture capital opportunities, having invested in companies like Facebook, Twitter, etc., and redeployed capital into leading private companies including OpenAI, CoreWeave, Canva, etc. - Highlighted AI investments, with $55 million invested in AI companies during the second half of 2024, AI now making up 23% of gross assets. - Detailed recent investments: $17.5 million in OpenAI, $25 million in CoreWeave, $12 million in VAST Data. - Mentioned portfolio companies well-positioned for IPO, like CoreWeave, Service Titan, etc. - Allison Green discussed financial results, sales of public shares (e.g., Public Square, One Valley Inc., STBRx), note repurchase program for 6% notes due 2026, issuance of 6.5% convertible notes, reevaluation of investment themes, NAV per share details, and share repurchase program extension and expansion.

Segmented by 7 general investment themes, at quarter end the top allocation of the investment portfolio was to Software as a Service, representing approximately 26% of the investment portfolio at fair value. Artificial intelligence infrastructure and applications and consumer goods and services were the next largest categories, each accounting for approximately 21% and 16% of the portfolio, respectively. Approximately 15% of the portfolio was invested in education technology companies, the logistics and supply chain category accounted for approximately 11% of the fair value of the portfolio, financial technology and services accounted for 9% of the fair value, and SuRo Sports accounted for 2% as of September 30.

• Portfolio companies like CoreWeave, Service Titan, Lime are well-positioned with IPO plans or discussions. - Continued deployment of capital into companies offering critical AI infrastructure solutions. - Confidence in the portfolio's positioning to drive shareholder return if the IPO market reopens.

• Statements made are forward-looking and involve risks, including market volatility that could detrimentally affect the business, portfolio companies, industry, and global economy, causing actual results to differ materially from forward-looking statements. Factors like those in SEC filings could lead to actual results differing from plans.

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