SuRo Capital Corp. (SSSS) announced a $20 million commitment to a Magnetar‑managed special purpose vehicle that will invest in TensorWave, Inc., a next‑generation AI infrastructure provider focused on AMD Instinct GPUs. The commitment was made on December 31 2025, with SuRo’s initial $5 million investment funded on January 12 2026 and the remaining $15 million to be deployed once specified conditions are met.
TensorWave’s platform is built exclusively on AMD’s MI series accelerators, positioning it as a cost‑effective alternative to NVIDIA‑centric cloud offerings. By backing TensorWave, SuRo gains exposure to a company that is scaling a large, liquid‑cooled GPU cluster of 8,192 MI325X chips, a move that aligns with SuRo’s strategy of investing in category‑defining AI and AI infrastructure firms before they go public.
SuRo’s 2025 performance was strong, driven largely by its AI portfolio. The firm generated significant liquidity, enabling a total distribution of $0.50 per share. The new TensorWave investment is a continuation of SuRo’s focus on high‑growth, venture‑backed private companies, reinforcing its thesis that early exposure to AI infrastructure can deliver outsized returns for public investors.
Mark Klein, Chairman and CEO of SuRo, said, “2025 was a strong year for SuRo Capital. Our performance was driven by growing recognition of the value created by our investments in AI and AI infrastructure companies, and we believe this momentum positions us well as we enter 2026.” He added that the TensorWave commitment “strengthens our portfolio’s exposure to the next wave of AI hardware innovation.”
The investment expands SuRo’s AI infrastructure exposure at a time when demand for large‑scale, compute‑intensive workloads is accelerating. By backing a firm that leverages AMD accelerators, SuRo diversifies its holdings beyond NVIDIA‑centric solutions and positions its investors to benefit from the broader shift toward heterogeneous AI hardware. The move also signals confidence in TensorWave’s ability to capture market share in the growing AI cloud services market.
Overall, the commitment underscores SuRo’s disciplined approach to capital allocation and its commitment to delivering value to shareholders through strategic, high‑growth investments in the AI ecosystem.
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