CD PRIVATE EQUITY FUND I — Net Asset Value 2022

Feb 13, 2022

Monthly update – January 2022

CD Private Equity Fund I

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NTA Gross assets Distributions per unit One month Annualised performance since
per unit (millions) (percentage of initial investment) performance [1,2] inception (August 2012) [1,2]
Last 12 months: Since inception:
$1.36 $53.30 77.5 cents (48%) 244 cents (153%) 1.5% 14.5%
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Fund update

The estimated unaudited net tangible asset value (NTA) after tax as at 31 January 2022 was $1.36[1,3] per unit (31 December 2021 was $1.34[1] per unit).

Net asset value movements for January were primarily as a result of foreign exchange gains from the depreciating Australian dollar (which added approximately 2.8%).

CD1 Fund performance

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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] 1.5% 6.6% 23.0% 49.5% 24.1% 19.7% 14.5%
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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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Distribution DFW
Software & Business Encore
Technology 9.4% Services $5.0
$10.0
4.0% US Select
24.3% FPC
Healthcare Direct
10.8% $13.0 $4.0
$10.0 Incline
10.8%
Manufacturing $10.0
Trivest
4.6%
36.2% $4.8 $10.0
Telecommunications $3.0
KarpReilly
Consumer & Retail Prometheus
Peppertree
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ASX release date: 14 February 2022

Notes: Authorised for release by E&P Investments Limited (ACN 152 367 649, AFSL 410 433), the responsible entity of CD Private Equity Fund I (Fund or CD1). 1. Source: E&P Investments Limited – the historical performance is not a guarantee of the future performance of the Fund; 2. Total returns are inclusive of distributions. NTA return is based on post tax NTA; 3. Based on estimated unaudited net tangible asset value before tax at 31 January 2022 of $1.40 per unit (31 December 2021 was $1.38). *The LP received a final distribution from Prometheus Partners IV. L.P. on 30 September 2016 and has no remaining capital with this fund. Numbers may not add due to rounding.

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