Saga Viii Management Invest K/S

Management’s review

Performance in the financial yearThe financial year resulted in a profit of EUR 573 thousand.This year's result is influenced by positive value adjustments. The result exceeds the management's expectations.In the financial year an amount of EUR 835 thousand was paid-in by the limited partners, bringing the accumulated paid-in capital to EUR 1,897 thousand, corresponding to 48.6% of the limited partners’ committed capital. An amount of EUR 875 thousand was contributed to the portfolio funds during the financial year, bringing total contributions to the portfolio funds to EUR 1,929 thousand, corresponding to 49.3% of the commitments to the portfolio funds.In the financial year an amount of EUR 132 thousand was distributed to the limited partners, corresponding to 7.0% of the limited partners’ paid-in capital. An amount of EUR 152 thousand was distributed from the portfolio funds during the financial year, bringing total distributions from portfolio funds to EUR 196 thousand, corresponding to 10.2% of the capital contributed to the portfolio funds.Interest rate riskSaga VIII Management Invest is less sensitive to the changes in interest rate levels.Foreign exchange currency riskSaga VIII Management Invest’s investments in portfolio funds have been made in EUR and USD. As the capital committed to Saga VIII Management Invest is also in EUR and USD the currency risk is therefore considered as not material. Saga VIII Management Invest does not hedge its exposure toward currency rate fluctuations.Cash resourcesSaga VIII 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 VIII Management Invest’s liabilities.