Davis Polk advised Citigroup Global Markets Inc. as the sole book-running manager in connection with an SEC-registered follow-on offering of 6,900,000 shares of common stock of GSV Capital Corp. (including 900,000 shares from the full exercise of the underwriters’ over-allotment option). The gross proceeds from the offering were approximately $103.5 million. GSV Capital’s common stock is traded on the Nasdaq Capital Market under the symbol “GSVC.”

GSV Capital is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. GSV Capital is structured as a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. GSV Capital is headquartered in Woodside, CA.

The Davis Polk corporate team included partner Julia K. Cowles and associates Patrick Spencer and Jeffrey C. Lau. Partner Danforth Townley and associate Richard J. Egelhof provided 1940 Act advice. Partner Mary Conway and associate Kay Ng provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Elizabeth J. Gordon was the legal assistant on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.