XXXX. times. fourth Sindhu. would results and these fiscal SuRo afternoon joining to Capital's of today you quarter and share like for thank Thank tumultuous us We you, Good the during
and impact actions second occurred Bank broader the instability the system Federal US being by residual Over third still Valley the bank these the In markets. Signature rippling financial Reserve. the when global of is history weekend, despite is Silicon that The in taken is experiencing and the events closed. particular, failures Bank through
While Signature the uncertainty to dislocation. may Bank Silicon and Valley financial Bank institutions be significant only may cause fail, further
within SVB Additionally, the highlighted startup the the closure venture of and capital and exist concentration that interdependencies has ecosystems. between
such, integrated have liquidity we way we think unfortunate impacts to the densely startup the shift potentially within possibly As funding solution. about of longer expect SVB, collapse ecosystem was which tail the and
both our these team events, where companies, quickly as be our able reach well exposure moved SVB portfolio out to Amid possible SuRo support to Capital might what assess to to provide. determine and mitigate as
$X,XXX less a business US SuRo and limited affected account exposure and Capital's banks SVB. held in was the direct to US than short-term SuRo Capital's checking our cash Bank custodian Treasuries. its are at securities to at
our to are Additionally, acts held all regain stemming access Fed, SVB that [ph] at cash funds. of portfolio expected those from companies the to
taken place have the important contextualize against which these recent of is also backdrop It events to XXXX.
of it been has the was well XXXX decades. for one [ph], in markets years As equity worst
Index declined stocks the saw XXXX. as Technology measured technology over US since MorningStar while loss year by NASDAQ declined the single-year Index The their XX%, Composite by largest XX.X%,
were sectors approximately respectively. heavy XX%, and declines with that reports growth, XX%, Intelligence communications, discretionary, XXXX the Difficulty], largest Market by [Technical consumer NASDAQ and technology XX%
opportunities of advantage the we market continue to overall the market's securities volatility. a see of take and us conditions, for private Given to seen and have repricing
-- the increasingly to markets. of While we the private pricing compelling in opportunities cautious markets, have movements turbulent we the seeing been the into public capital about as deploying are
in deployed SuRo QX with year Sports. investments FanPower end, of a made one the that over in we investment $XX.X totaling via course the million being and made Locus of investments company, follow-on Capital new portfolio The Robotics that QX. million comprised $XX To of
Moving investing later year be high-growth we further million both into the secondary believe new continuing in valuations. we we with which -- stage, be opportunities and companies primary at capital, over will compelling of $XXX investable -- will remain
We an market volatile longer businesses public present remain avoid conditions going opt to conditions. private prospects explore opportunity believe to current to in as for market
a advantageous markets, Additionally, and will we still in while is between private created us public continue deploy to capital. to believe conditions pricing there -- the for divergence converge
-- On Despite are PublicSq., marketplace significant $XXX share of to acquisition we the recent a million. our XX, with at announced in XXXX Colombier their pleased to intention ecommerce valuation slowdowns more February positions. SPAC following merge of SPAC than transactions, updates an
stake PSQ is Colombier new than in see Holdings of in $XX our an SuRo more be will If -- between given current the company company million. completed, the acquisition. in its price new $XX position Capital's position, increase and Colombier over Assuming holds, will the SuRo million worth
approximately the is million. basis $X.X cost current investment Our for
On Churchill had February XX, Capital they companies. filed LOIs target X-Ks investors Capital notifying XXXX, and VII Churchill with VI signed
an not encouraged consummate definitive While ensure transactions. these have they will does or they signed LOIs, agreement we this a that are reach
QX, compares of share the and share XXXX. million in a to at the value we ended $XXX year a of a QX with That Turning asset $XX.XX or asset to $X.XX net per XXXX NAV end dollars a share. $X.XX of dollars net
five I'd top position. first Turning our want to highlight to cash positions, our
investment approximately gross our year-end, XX% short-term representing our is for of were cash of $XXX, As and assets. available treasury
market due believe this leaves having conditions. new to As to previously out we us advantageous we environment becoming continue seeking discussed, cash have current in opportunities available
positions as Locus Capital's of SPV. for XX% Technologies, Architect and five These positions accounted as portfolio Orchard investment fair SuRo approximately Robotics, Health; known at Blink Capital of Course formerly Hero; PayJoy Learneo, the value. were December XXst top
accounting as portfolio. XXst, approximately Additionally, top positions XX% the December of XX of our investment
QuillBot, Course [ph], quarter, new the platform businesses; of LitCharts, Squibber company a Symbolab. will operating fourth announced Hero, that Hero the the In distinct formation Course Learneo, house and six CliffsNotes
that the now segments business foundational growth in to only unlock The of that beyond Learneo education. skills be recent support development company's organization also productivity support not but use will cases, parent fundamental under educational reflect name the -- a
recent investment most seeks an and that portfolio is Locus industry-leading Difficulty] Capital company in SuRo investment distribution autonomous Locus warehouses. is and Our fulfillment the [Technical mobile accuracy Robotics. robotics to
in reported a participated Locus' F Round Preferred GX million $XX with Venture oversubscribed. was led Business Asset We and investment Series Management as Insider Sachs that Goldman Partners was and by by
labor productivity improvements with increases GEODIS, sites deployed warehouse in customers including seeks Locus and to more worldwide robotic for XX Locus XXX operations their is DHL, coordinating than systems. and by deliver human over currently in globally Ryder.
especially third-party increasingly the XPLs requirements environments. is effectively and today's solution and manage believe fulfillment retailers warehouses We to logistic Locus companies, innovative for complex demanding on well-positioned placed
in a and reverse Grey, supply the Since completing funding for has returns Locus that automate logistics. formed AI leading partnerships solutions with processes robotic enabled Robotics of chain platform -- retail Optoro, round, Berkshire leader technology a
trading. million a our picked solution public relative to XXXX. given during position previously holiday company shopping expire period, restrictions investments, public stated, of the XXX is and over in doubling the The lockup it units Transitioning company's peak entire than our a positions in sell there more is number objective public stability as when to the items total our
with over course this, public line unrestricted quarter. the the monetize of of positions we In several continue our to
at quarter, Subsequent remaining we Runway, Partners, in to the and we our the what NewLake and our Kahoot. Rent was Capital remaining exited positions sold Kahoot. Rover our Rent position During fourth end, year positions fully the reduced Runway in in and
I SuRo would also reiterate shareholder that to like enhance to initiatives commitment Capital's value.
of believe value, stock we As efficient program share at compared our to Allison active capital. net more our such, repurchase given accretive asset speak the trading call. program deployment about an later is an in will is [Technical share repurchase Difficulty] our and
dividend respect possible be As transparent our always, intent it distributions. to our is to as with
that to distribute be as realized [Indiscernible], a is loan BDC a capital elected As as dividends. treated net gains our to
not XXXX, be net long-term for any we distributing XXXX. in Given losses dividends recognize will we
volatility we field and continue public and considerable position companies allow This to patient leverage our our add to selective evaluate high remain our to market us cash and opportunities. and driving value. as shareholder will we As growth new persists, private
that, and Green, hand Chief I it your to attention, for over Officer. you Financial Thank will our with Allison
