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CD PRIVATE EQUITY FUND I — Net Asset Value 2022
Sep 13, 2022
64626_rns_2022-09-13_dce14417-2ba1-4f95-ae33-80424f64b412.pdf
Net Asset Value
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Monthly update – August 2022
CD Private Equity Fund I
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----- Start of picture text ----- NTA Gross assets Distributions per unit One month Annualised performance sinceper unit (millions) (percentage of initial investment) performance [1,2] inception (August 2012) [1,2]Last 12 months: Since inception: 244$1.42 $53.40 23.5 cents (15%) cents (153%) -1.4% 14.1%----- End of picture text -----
Fund update
The estimated unaudited net tangible asset value (NTA) after tax as at 31 August 2022 was $1.42[1,3] per unit (31 July 2022 was $1.44[1] per unit).
Net asset value movements for August were primarily a result of negative asset valuation movements from underlying LPs, partially offset by foreign exchange gains due to the depreciating Australian dollar (which added approximately 2.1%).
The Fund continues to trade on the Australian Securities Exchange (ASX) at a discount to its NTA, and the Responsible Entity is actively considering initiatives to reduce the discount and enhance the liquidity of the Fund. The Responsible Entity will provide updates in this regard when it is appropriate to do so.
CD1 Fund performance
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----- Start of picture text ----- 1 Month 3 Months 6 Months 1 Year 3 Years p.a. 5 Years p.a. Since inception p.a. [3]NTA return [1,2] -1.4% 1.4% 5.2% 9.1% 15.7% 19.5% 14.1%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis CD1 has achieved a return of 12.6% per annum since inception.
CD1 portfolio asset allocation
LP commitments to underlying managers (US$69.8m)
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----- Start of picture text ----- Distribution DFW*Software & Business EncoreTechnology 9.4% Services $5.0$10.04.0% US Select24.3% FPCHealthcare Direct10.8% $13.0 $4.0$10.0 Incline10.8%Manufacturing $10.0Trivest4.6%36.2% $4.8 $10.0Telecommunications $3.0KarpReillyConsumer & Retail Prometheus*Peppertree----- End of picture text -----
cdfunds.com.au ARSN 158 625 284
T 1300 454 801 F 1300 883 159 E [email protected]