CD PRIVATE EQUITY FUND I — Net Asset Value 2018

Dec 13, 2018

14 December 2018

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Cordish Dixon Private Equity Fund I (Fund)

ASX: CD1

NTA & Fund Update – 30 November 2018

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 November 2018 was $1.73[1] per unit (31 October 2018 was $1.81[1] per unit). On 30 November 2018, the Fund announced a distribution of $0.075 per Unit, to be paid to investors on or around 18 December 2018.

The Fund is a long-term investor and seeks to make investments in a tax-effective manner. If tax at 21% on estimated underlying investment values were to be recognised, the estimated unaudited net asset backing after tax as at 30 November 2018 would be $1.71 [1] per unit.

Fund update

Capital called

At 30 November 2018, US Select Private Opportunities Fund, L.P. ( LP ) has called US$68.5 million (or 98.5% of capital committed). The Fund’s proportionate share is approximately US$58.6 million (an 85.5% share).

Drawdowns

During the month, the LP received drawdown requests from Incline Equity Partners III, L.P. and Encore Consumer Capital Fund II, L.P. for a net consideration paid of US$0.2 million.

At 30 November 2018, net drawdown requests from underlying investments were approximately US$66.7 million (or 95.5% of total funds committed by the LP).

For further information, contact:

Fleur Jouault GRACosway 0405 669 632

1. 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