0001145549-18-005965.txt : 20180913 0001145549-18-005965.hdr.sgml : 20180913 20180913142638 ACCESSION NUMBER: 0001145549-18-005965 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20180913 EFFECTIVENESS DATE: 20180913 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hatteras VC Co-Investment Fund II, LLC CENTRAL INDEX KEY: 0001450150 IRS NUMBER: 383792124 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22251 FILM NUMBER: 181068613 BUSINESS ADDRESS: STREET 1: 6601 SIX FORKS ROAD, SUITE 340 CITY: RALEIGH STATE: NC ZIP: 27615 BUSINESS PHONE: 919-846-2324 MAIL ADDRESS: STREET 1: 6601 SIX FORKS ROAD, SUITE 340 CITY: RALEIGH STATE: NC ZIP: 27615 N-CEN 1 primary_doc.xml N-CEN LIVE 0001450150 XXXXXXXX false false false N-2 Hatteras VC Co-Investment Fund II, LLC 811-22251 0001450150 549300K4D2WBJ82I7Q78 8510 Colonnade Center Drive Suite 150 Raleigh 27615 US-NC US 919-846-2324 U.S. Bancorp Fund Services 622 N Cass St. Milwaukee 53202 4142873700 Journals containing an itemized daily record in detail of all purchases and sales of securities, all receipts and deliveries of securities, all receipts and disbursements of cash and all other debits and credits. General and auxiliary ledgers reflecting Y N N N-2 Y David B. Perkins N/A Y Steve E Moss N/A N Gregory S Sellers N/A N Thomas Mann N/A N H Alexander Holmes N/A N Andrew P Chica N/A 8510 Colonnade Center Drive Raleigh 27615-3050 XXXXXX N N N N N N N Hatteras Capital Distributors LLC 8-67555 000143365 N/A Y N BDO USA LLP 00243 549300HCLKYOUFB75R55 N N N N N N N Hatteras VC Co-Investment Fund II, LLC 549300K4D2WBJ82I7Q78 Y Interval Fund Y N N N N/A N/A N/A N/A Y Y N N Hatteras Funds LP 801-79326 000170628 54930009T37KFAP1TW75 N UMB Fund Services Inc 84-5792 N/A N N N N U.S. Bank NA 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Y UMB Fund Services N/A Y N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 Y N Y Hatteras Capital Distributors, LLC 8-67555-1 000143365 N/A 0.000000000000 0 0 N 4772937.750000000000 Common stock N/A N N N N N N 0.360000000000 4.100000000000 N/A 28.870000000000 true INTERNAL CONTROL RPT 2 d605067d8k.htm Form 8-K

Report of Independent Registered Public Accounting Firm

To the Members and the Board of Managers of

Hatteras VC Co-Investment Fund II, LLC

In planning and performing our audit of the financial statements of Hatteras VC Co-Investment Fund II, LLC (the Company) as of and for the year ended June 30, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Company’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Company is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (“GAAP”). A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Company’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Company’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of June 30, 2018.

This report is intended solely for the information and use of management and the Board of Managers of Hatteras VC Co-Investment Fund II, LLC and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ BDO USA, LLP

Raleigh, NC

August 29, 2018