01 · Overview
Fund overview
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.
Source: Spire Capital fund page, spirecapital.com.au, 28 October 2026.
02 · Facts
Fund facts
- Investor type
- Wholesale investors only
- APIR
- SPI8844AU
- Trustee and fund manager
- Spire Capital Limited
- Investment manager
- Branford Castle Partners L.P.
- Underlying fund
- Branford Castle Partners Fund II, L.P.
- Asset class
- Global Private Equities
- Vintage year
- 2020
- Distributions
- Annually as at 30 June
- Structure
- Closed-end unit class of the Spire Capital Master Fund, no redemptions
- Status
- Closed to new investment
- Currency
- USD, unhedged
03 · Performance
Performance
Unit price
USD 0.6962
As at 30 September 2026
Since inception
17.16%
Net return p.a.1
Net return by period to 30 September 2026
| Period | Net return |
|---|---|
| 3 months | 9.26% |
| 6 months | 1.28% |
| 1 year | 6.71% |
| Since inception p.a.1 | 17.16% |
1 Source: Spire Capital, as at 30 September 2026.
04 · Distributions
Distribution history
Cash distribution per unit by period (cents)
| Period | Cash (CPU) | FITOs (CPU) | Components |
|---|---|---|---|
| 30 June 2026 | Nil | 0.3791 | Not published |
| 31 December 2025 | 2.6109 | Nil | Not published |
| 30 June 2025 | 0.1888 | Nil | Components notice (PDF) |
| 30 September 2024 | 42.4474 | Nil | Not published |
| 30 June 2024 | 0.9587 | Nil | Components notice (PDF) |
| 30 June 2023 | 0.0902 | Nil | Components notice (PDF) |
| 30 June 2022 | Nil | 0.5968 | Not published |
CPU: cents per unit. FITOs: foreign income tax offsets. Source: Spire Capital, fund distribution records, as published on spirecapital.com.au, 28 October 2026.
05 · Documents
Documents and forms
Monthly reports and manager updates are issued to investors through the Spire Investor Portal.
The fund is closed to new investment. Existing investors can transfer units off market using the transfer form, and update their details with the forms listed. Enquiries to info@spirecapital.com.au.
Investor login[Disclaimer: existing Investment Solutions wholesale wording, unchanged, subject to compliance review.] Past performance is not a reliable indicator of future performance.