CD PRIVATE EQUITY FUND I — Net Asset Value 2018

Feb 13, 2018

14 February 2018

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

Cordish Dixon Private Equity Fund I (Fund)

ASX: CD1

NTA & Fund Update – 31 January 2018

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 January 2018 was $1.65* per unit (31 December 2017 was $1.71* 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 31 January 2018 would be $1.64* per unit.

Fund update

Capital commitment

At 31 January 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., KarpReilly Capital Partners II, L.P., DFW Capital Partners IV, L.P., Trivest Fund V, L.P. and Encore Consumer Capital Fund II, L.P., as well as a capital return from Incline Equity Partners III, L.P. and Trivest Fund V, L.P. for a net consideration of US$2.3 million.

At 31 January 2018, net drawdown requests from underlying investments were approximately US$64.4 million (or 92.2% 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