Saga Ix Management Invest K/S

Management’s review

Performance in the financial yearThe financial year resulted in a profit of EUR 24 thousand.The result exceeds the management's expectations.In the financial year an amount of EUR 284 thousand was paid-in by the limited partners, bringing the accumulated paid-in capital to EUR 284 thousand, corresponding to 6.6% of the limited partners’ committed capital. An amount of EUR 274 thousand was contributed to the portfolio funds during the financial year, bringing total contributions to the portfolio funds to EUR 274 thousand, corresponding to 6.4% of the commitments to the portfolio funds.Interest rate riskSaga IX Management Invest is less sensitive to the changes in interest rate levels.Foreign exchange currency riskSaga IX Management Invest’s investments in portfolio funds have been made in EUR and USD. As the capital committed to Saga IX Management Invest is also in EUR and USD the currency risk is therefore considered as not material. Saga IX Management Invest does not hedge its exposure toward currency rate fluctuations.Cash resourcesSaga IX Management Invest’s cash resources as of 30 September 2023, include cash and cash equivalents and outstanding commitments from the limited partners and are estimated as satisfactory to cover Saga IX Management Invest’s liabilities.