CD PRIVATE EQUITY FUND I — Net Asset Value 2017

Dec 13, 2017

14 December 2017

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Cordish Dixon Private Equity Fund I (Fund)

ASX: CD1

NTA & Fund Update – 30 November 2017

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 November 2017 was $1.76* per unit (31 October 2017 was $1.91* per unit).

The Fund is a long-term investor and seeks to make investments in a tax-effective manner. If tax at 35% on estimated underlying investment values were to be recognised, the estimated unaudited net asset backing after tax as at 30 November 2017 would be $1.75* per unit.

The Fund paid a distribution of $0.18 per Unit on 21 November 2017.

Fund update

Capital commitment

At 30 November 2017, Cordish Dixon Private Equity Fund I, L.P. ( LP ) has called US$62.5 million (or 89.8% of capital committed). The Fund’s proportionate share is approximately US$53.5 million (an 85.5% share).

Drawdowns

During the month, the LP received drawdown requests from KarpReilly Capital Partners II, L.P. and U.S. Select Direct Private Equity (US), LP for a net consideration of US$0.5 million.

At 30 November 2017, net drawdown requests from underlying investments were approximately US$60.9 million (or 87.2% of total funds committed by the LP).

For further information, contact:

Alex MacLachlan 1300 454 801

*Source: Walsh & Company Investments Limited – the historical performance is not a guarantee of the future performance of the Fund.

Level 15, 100 Pacific Highway North Sydney NSW 2060 cordishdixonfunds.com.au T 1300 883 158 F 1300 883 159 E info@cordishdixonfunds.com.au ARSN 158 625 284