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CD PRIVATE EQUITY FUND I — Net Asset Value 2014
Jan 13, 2014
64626_rns_2014-01-13_9a5ed9a2-ea5f-4e2c-9b96-46db87e79045.pdf
Net Asset Value
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14 January 2014
US Select Private Opportunities Fund (Fund)
ASX: USF
NTA & Fund Update – 31 December 2013
NTA update
The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 December 2013 was $1.71* per Unit (30 November 2013 was $1.68* per Unit).
Fund update
At 31 December 2013, US Select Private Opportunities Fund, LP ( LP ) had called US$22.5 million (or 32.3% of capital committed). The Fund’s proportionate share is approximately US$19.2 million (an 85.5% share).
Drawdowns
During December, the LP received drawdown requests from KarpReilly Capital Partners II, LP, DFW Capital Partners IV, LP, FPC Small Cap Fund I, LP and Trivest Fund V, LP, while also receiving capital returns from DFW Capital Partners IV, LP and KarpReilly Capital Partners II, LP. Total net drawdowns for the month were approximately US$83,000.
At 31 December 2013, net drawdown requests from underlying investments were approximately US$15.2 million, or 21.8% of total funds committed to the LP.
For more information, contact:
Alex MacLachlan 1300 454 801
*Source: Dixon Advisory & Superannuation Services Limited – historical performance is not a guarantee of the future performance of the Fund
The US Select Private Opportunities Fund was the first Australian-listed fund with a primary strategy of investing in US small-to-mid-market private investment funds, adopting a fund-of-funds investment strategy.