EFTA00811791.pdf

Valar Global Fund II LP Unaudited Financial Statements June 30, 2018 VALAR EFTA00811791  Valar Global Fund 11 LP Statement of Assets, Liabilities, and Partners' Capital June 30, 2018 Assets Cash $ 404.138 Investments, at fair value (cost $52,964,083) 107.942.704 Interest receivable 94.782 Total assets $ 108.441,624 Partners' Capital Contributions $ 69,179.430 Syndication costs (315,000) Net operating loss (6.315238) Net realized loss (9,086.189) Net unrealized gain 54.978.621 Total partners capital $ 108,441,624 EFTA00811792  Valar Global Fund II LP Statement of Operations January 1, 2018 through June 30. 2018 Income Interest income S 38,994 Expenses Net management fees 855,128 Professional fees 133,324 General and administrative 22,810 Total expenses 1.011.262 Net operating loss (972,268) Net realized loss (9.086.189) Net change in unrealized appreciation in fair value of investments 27,966.596 Net increase in partners' capital resulting from operations S 17.908,139 EFTA00811793  Valar Global Fund II LP Schedule of Investments June 30. 2018 Unrealized Shares Cost Fair Value Gain/(Loss) N26 GmbH Series A Preferred Shares 5.314 $ 4,802,996 S 31.798.746 S 26.995.750 Series B Preferred Shares 2,127 5.562,347 12.727.876 7.165329 Breather Products Inc. Series B-2 Preferred Shares 4,175.999 11.560.000 22.966.324 11.406.324 Series C Preferred Shares 1.050.985 5.779.997 5.779.997 Kalo Industries Inc. (0k/a Lystable Inc.) Series A5 Preferred Shares 1.542.649 3,399.998 3,399,998 Series A4 Preferred Shares 3,028,446 4,705,599 6,674.695 1.969.096 Series A3 Preferred Shares 194,578 174.634 428.850 254.216 Series A2 Preferred Shares 319.095 179.012 703.285 524.273 Even Responsible Finance. Inc. Series A Preferred Shares 1.627,564 3,093,999 6.484,866 3.390.867 Series B Preferred Shares 140,808 561,035 561.035 Granify, Inc. Series A-3 Preferred Shares 1.215.895 3,782.163 3.782.163 Convertible Note 489,600 489,600 Trade It. Inc. (f/k/a Trading Ticket, Inc.) Series Seed Preferred Shares 1.464255 1.160.000 1.700,000 340.000 Series Seed-2 Preferred Shares 1.101.479 1,278,817 1,278.817 Common Shares 329,662 107.780 382.738 274.958 Deposit Solutions GmbH Series B Preferred Shares 668 1,153.583 2,134.987 981,404 Homie, Inc. Series Seed-2 Preferred Shares 1,569,713 1,699,999 1,699,999 Convertibe Note 170.000 170.000 Common Shares 212,894 170,002 230.564 60.562 Vend Limited Series D Preferred Shares 503,288 1,336,200 1,382.304 46.104 Stash Financial, Inc. (f7k/a Collective Returns, Inc.) Series Seed-2 Preferred Shares 92,270 169,998 1,360,925 1,190,927 EFTA00811794  Valar Global Fund II LP Schedule of Investments June 30, 2018 Unrealized Shares Cost Fair Value Gain/(LossI Eden, Ltd. Series 1) Preference Shares 738.246 S 509,980 S 704.361 S 194.381 Convertible Note 195,103 195.103 IrisVR. Inc. Series AA Preferred Shares 215,942 170.000 258.612 88.612 Series A Preferred Shares 129,308 154,859 154.859 Camera, Inc. Series Seed Preferred Shares 275,660 170,000 265.618 95.618 Jopwell. Inc. Series A-I Preferred Stock 170,622 226.382 226.382 Total Investments $ 52,964.083 $107.942.704 S 54.978.621 EFTA00811795  Unaudited Statement of VALAR Changes in Partner's Capital As of 06-30-2018 Limited Partner: Southern Trust Company, Inc. Fund: Velar Global Fund II LP Commitment: $15,000,000 Paid in Capital: $14,550,000 Remaining: $450,000 Current Year to Inception to Quarter Date Date Partner's capital, beginning $20,961,349 $17,718,634 $0 Contributions $0 $300,000 $14,550,000 Net operating income/(loss) Management fees ($91,322) ($180,217) ($1,123,095) Partnership expenses ($15,626) ($32,575) ($298,468) Interest income $4,090 $8,136 $26,334 Total net operating income/(loss) ($102,858) ($204,656) ($1,395,229) Distributions $0 $0 $0 Transfer $0 $0 $0 Net realized gain/(loss) on investments ($1,495,729) ($1,895,721) ($1,895,721) Net unrealized gain/(loss) on investments $1,637,709 $5,082,214 $9,741,421 Partner's capital, ending $21,000,471 $21,000,471 $21,000,471 EFTA00811796