CD PRIVATE EQUITY FUND I — Net Asset Value 2018

Jul 12, 2018

13 July 2018

==> picture [164 x 52] intentionally omitted <==

Cordish Dixon Private Equity Fund I (Fund)

ASX: CD1

NTA & Fund Update – 30 June 2018

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 June 2018 was $1.83[1] per unit (31 May 2018 was $1.79[1] per unit).

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 June 2018 would be $1.82 [1] per unit.

Fund update

Capital called

At 30 June 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 FPC Small Cap Fund I, L.P. and Trivest Fund V, L.P. for a net consideration of US$0.3 million.

At 30 June 2018, net drawdown requests from underlying investments were approximately US$66.6 million (or 95.3% 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