01 · Overview
Fund overview
The Spire US Data Centre Colocation Fund II (AUD) (the ‘Fund’) is a unit class of the Spire Capital Master Fund and feeder vehicle for Hivelocity (formerly known as ColoHouse (‘Underlying Fund’). The Fund invests in Hivelocity through Valterra Data Holdings, LLC, managed by Valterra Partners LLC, a US-based lower mid-market private equity firm that specialises in high-growth companies in ‘infrastructure-adjacent’ sectors. Hivelocity is a leading full service private cloud digital infrastructure platform with 7000+ customers across 40 locations, including prime ‘edge’ locations across major US cities (e.g. New York, Los Angeles, Chicago, Miami, Atlanta, Phoenix and Dallas). The company allows customers to optimise their private cloud needs for cost, performance and compliance considerations.
Source: Spire Capital fund page, spirecapital.com.au, 28 October 2026.
02 · Facts
Fund facts
- Investor type
- Wholesale investors only
- APIR
- SPI5102AU
- Trustee and fund manager
- Spire Capital Limited
- Investment manager
- Valterra Partners LLC
- Underlying fund
- Valterra Data Holdings, LLC - Class D
- Asset class
- Buyout
- Vintage year
- 2021
- 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
- AUD, unhedged
03 · Performance
Performance
Unit price
AUD 1.5300
As at 30 September 2026
Since inception
2.27%
Net IRR p.a.1
Net return by period to 30 September 2026
| Period | Net return |
|---|---|
| 1 month | 3.07% |
| 3 months | -0.57% |
| 6 months | -18.04% |
| 1 year | -24.11% |
| Since inception annualised1 | 2.27% |
1Performance since inception is measured as 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. The IRR replaced the time weighted since inception return, effective from 30 June 2023. 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 | Nil | Not published |
| 30 June 2025 | Nil | Nil | Not published |
| 30 June 2024 | Nil | Nil | Not published |
| 30 June 2023 | Nil | Nil | 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.