Interest IncomeInterest income during the period was $114.9k due to lower cash balances.
Market PerformanceThe first quarter was a particularly challenging period for the public markets, with NASDAQ posting its worst quarterly performance since 2022, impacting private market valuations.
NAV DeclineThe company reported Q1/25 with the NAV falling by -1.9% to $12.06/share, mainly due to the US$2.4M write down of CoreWeave at the end of the quarter.