CD PRIVATE EQUITY FUND I — Net Asset Value 2022

Jun 13, 2022

Monthly update – May 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$1.40 $53.03 63.5 cents (40%) cents (153%) -1.4% 14.3%----- End of picture text -----

Fund update

The estimated unaudited net tangible asset value (NTA) after tax as at 31 May 2022 was $1.40[1,3] per unit (30 April 2022 was $1.42[1] per unit).

Net asset value movements for May were primarily a result of foreign exchange losses due to the appreciating Australian dollar (which detracted approximately 1.6%).

On 30 May the Fund released Financial Accounts for the twelve months to 31 March 2022 – please click here to view these.

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% 3.7% 2.8% 32.2% 19.3% 18.5% 14.3%----- End of picture text -----

On an NTA/Internal Rate of Return (IRR) basis CD1 has achieved a return of 12.7% 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 -----

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