Spire Branford Castle US Private Equity Fund II (USD) (the “Fund”) is a unit class of the Spire Capital Master Fund and feeder into the Branford Castle Partners Fund II, L.P. (‘Underlying Fund’). The Fund seeks to deliver steady returns and strong asset growth from US Private Equity. The Investment Manager for the Underlying Fund is Branford Castle Partners, L.P., (“Branford”). Branford is launching the Underlying Fund to build upon the Firm’s track record of making controlled investments in strong, privately held “Small-Cap” businesses primarily based in North America. For over three decades, Branford’s professionals have been buying solid Small-Cap businesses, at reasonable prices, then adding value, in the pursuit of generating superior risk-adjusted returns.
| Performance as at 31 October 2025 | Net Returns* |
|---|---|
| 1 month | 0.28% |
| 3 months | -2.15% |
| 6 months | 2.53% |
| 1 year | 12.20% |
| Performance Since Inception ** | 13.06% |
| Unit price | $1.3629 |
*Past performance is not an indicator of future performance.
**Performance Since Inception – Inception date (26 November 2021) occurred from the commencement of NAV based unit pricing, following the completion of capital raising in November 2021. Please note however that each investor’s performance numbers are calculated on an individual basis from their time of application and may differ from the above. “Performance since inception” is measured as the is the Internal Rate of Return since inception. The IRR is the annualised rate of return that equates the amount and timing of irregular cashflows since inception with the period end value. For the purposes of the monthly report, the IRR replaces the time weighted return since inception effective 30 June 2023.
| Period | Distribution Amount (cents per unit) | EX Price | |
|---|---|---|---|
| 31 August 2024 | 58.6375 CPU Cash; Nil CPU FITOs | 1.1902 | |
| 30 June 2024 | 5.5695 CPU Cash; Nil CPU FITOs | 1.8049 | Download File |
| 30 June 2023 | 2.4926 CPU Cash; Nil CPU FITOs | 1.5909 | |
| 30 June 2022 | Nil CPU Cash; 0.8416 CPU FITOs | 1.4875 |
| Off Market Transfer Form | Download File |
| Change of Address & Communication Election Form | Download File |
| Letter of Authority Form | Download File |
| Change of Advisor Form | Download File |
| Spire Capital Master Fund Financial Report 2024 | Download File |
How to invest
Via your financial adviser
Please reach out to your financial adviser for more information on Spire Capital and our investment offerings. Spire investments are available on a range of administration platforms including Netwealth, HUB24 and Mason Stevens.
