EFTA00605854.pdf

Unaudited Statement of Changes in Partner's Capital As of Jun 30, 2015 VALAR VENTURES Limited Partner: Southern Trust Company, Inc. Fund: Valar Global Fund II LP Commitment: $ 15,000,000 Paid in Capital: $ 3,750,000 Remaining: $ 11,250,000 Current Year to Inception to Quarter Date Date Partner's capital, beginning $ 929,917 $0 $0 Contributions $ 2,700,000 $ 3,750,000 $ 3,750,000 Net operating income/(loss) Management fees $ (85,253) $ (173,732) $ (173,732) Partnership expenses $ (19,140) $ (50,744) $ (50,744) Interest income $ 460 $ 460 $ 460 Total net operating income/(loss) $ (103,933) $ (224,016) $ (224,016) Distributions $0 $0 $0 Net realized gain/(loss) on investments $0 $0 $0 Net unrealized gain/(loss) on investments $ 64,950 $ 64,950 $ 64,950 Partner's capital, ending $ 3,590,934 $ 3,590,934 $ 3,590,934 EFTA00605854