Publicly traded fund GSV Capital was in high spirits whe one of the technology startups they have placed investments in, Twitter, announced their private IPO plans. The fund's shares had been climbing uphill ever since the IPO announcement. Its shares were increased 13.9% on Friday, closing at a USD13.83 price per share. 

GSV is currently run by Mike Moe, who is a former tech investment banker. The publicly-traded fund invested in Twitter around the second quarter of last year. Taking common and preferred shares, GSV invested about USD33 million. According to an SEC filings, GSV shares in Twitter totaled 1.9 million valuing at USD37.6 million at USD19.8 per share.

If Twitter would be successful in its IPO, GSV was poised to received bigger gains. However, GSV has yet to be successful in its other investments. GSV's investment in Facebook affected the company drastically. Its share price plummeted below USD8 in late 2012 because of the flopped IPO. Its other investments in Gilt and ZocDoc had also been failures, with both firms valuing below their purchase prices.