EFTA00811797.pdf

Valar Global Fund III LP Unaudited Financial Statements June 30, 2018 VALAR EFTA00811797  Valar Global Fund III LP Statement of Assets, Liabilities, and Partners' Capital June 30.2018 Assets Cash and cash equivalents $ 3.360.542 Investments, at fair value (cost $54.143.077) 104.150.863 Interest receivable 1 1.01$ Total assets $ 107.522.420 Partners' Capital Contributions $ 61.486.320 Syndication costs (139,155) Net operating loss (3,832,531) Net unrealized gain 50,007.786 Total partners capital 107,522,420 Total liabilities and partners' capital $ 107.522,420 EFTA00811798  Vain Global Fund III LP Statement of Operations January 1.2018 through June 30.2018 Income Interest income S 4.215 Expenses Gross management fee 812,485 Management fee reduction for syndication costs (31,500) Net management fee 780,985 Professional fees 126.629 General and administrative 64,298 Total expenses 971,912 Net operating loss (967,697) Net change in unrealized appreciation in fair value of investments 24,767,432 Net increase in partners' capital resulting from operations S 23.799.735 EFTA00811799  else Glottal Fund III 1.P Schedule of Interments lone ;U. 24'8 Utirealifed Comport Shams Coil I'm Value Gaisalmm) Stash Financial, Inc Sena D Preferred Sham 1.647319 S 10200.000 S 24304,309 S 14,104309 Saki A Preferred Shares 693.529 1.937997 10229.123 8.291.126 Sams C Preferred Shares 217.494 2.692576 3307,902 515.326 SeriesI) Preferred Shares 46,103 679991 679.991 Clint S.A.S (r119a Guido) Saws A Ordinary Shines 26.165 3378.771 19239.059 13.860388 Senn Seed Ordinary Shams 6351 344346 4.669.874 4,325228 Octane Lending. Inc Sena A411Consemble Professed Sleek 1.562226 8,473.658 10.815,443 2361,785 Sena II Convenkle Preferred Sleek 294.122 2.040.001 2,040.001 Common Stock 129.127 516.508 895.612 379,101 Co), AG Sena A Preferred Simms 11,914 4.422.963 8.092.926 3.669,963 N26 Gmbll Mefened II Shares LOU 4334.464 6.570.383 2.233921 Pelat Can!. Inc Sena A Preened Shares 4485126 5.405289 5.647.025 241.136 Canteen Mock 78.100 70.332 98328 27.796 lefty Mammal. Inc Series A Prefened Share. 2.375.245 5.505351 5305.551 Spaceship Financial Scniom Pty Ltd Comestible Nola 521276 303,676 418200) Molly IlK Technology Lined Series Seed Preferred Sures 592.449 210380 .124.484 13.101 Cnnsenihle Nola. 237375 237.575 Seed 17Mkwn. hie Simple Aeœlllell for future liquily 340.000 340000 Peak Verdun:. Fund WM I smiled l'Ininership lateens 306.000 306.000 Sylmar. Inc Simple Ageoneic for Future [quay 217.600 217.600 Mirror Al Inc Conn-ruble Noies 170400 170100 Andusil 'wineries. Inc Series Seed Pedaled Slack 123.143 68.000 65100 Ike Inc. Series Seed 'Inferred Slot* 83,563 67.999 67.999 fetal Imminent. $ 54.I43.077 5 104.150.863 S 50.007.786 EFTA00811800  Unaudited Statement of VALAR Changes in Partner's Capital As of 06-30-2018 Limited Partner: Southern Trust Company, Inc. Fund: Velar Global Fund Ill LP Commitment: $25.000,000 Paid in Capital: $21,000,000 Remaining: $4,000.000 Current Year to Inception to Quarter Date Date Partner's capital, beginning $26,904,496 $23,182,649 $0 Contributions $1,750,000 $3,750,000 $21,000,000 Net operating income/(loss) Management fees ($140,042) ($267,278) ($1,061,658) Partnership expenses ($30,978) ($75,466) ($299,472) Interest income $718 $1,428 $4,552 Total net operating income/(loss) ($170,302) ($341,316) ($1,356,577) Distributions $0 $0 $0 Transfer $0 $0 $0 Net realized gain/(loss) on investments $0 $0 $0 Net unrealized gain/(loss) on investments $4,861,076 $6,753,936 $13,701,846 Partner's capital, ending $33,345,270 $33,345,270 $33,345,270 EFTA00811801