Neostellar Capital Corp (NSLR) News & EventsNSLRNeostellar Capital Corp

Neostellar Capital Launches New Investment Platform, Magnetar Invests $20M

Neostellar Capital, formerly SuRo Capital Corp., announced its launch as a newly rebranded, publicly traded investment platform designed to expand access to high-growth, venture-backed private companies through its transition to an externally managed structure. "The new structure enhances the company's ability to create long-term shareholder value through a new joint venture investment manager, Neostellar Advisors, owned by SuRo Capital executives and Magnetar. Magnetar brings significant scale with approximately $18 billion in assets under management as of January 1, 2026, more than 20 years of investment experience, and experience investing in differentiated venture-backed artificial intelligence ecosystem, technology, and technology-enabled companies. The partnership is intended to enhance the company's ability to identify attractive investment opportunities, deepen insight into emerging technology trends, and bolster the company's long-standing investment strategy," Neostellar stated. The launch follows the completion of the company's transition from an internally managed business development company to an externally managed structure through a new investment advisory agreement with Neostellar Advisors. The appointment of Neostellar Advisors as investment adviser to the company became effective July 15. In connection with the launch, an affiliate of Magnetar has made a $20M investment in Neostellar, "underscoring conviction in the company's strategy and creating meaningful alignment with stockholders," Magnetar stated.