AI assistant
CD PRIVATE EQUITY FUND I — Net Asset Value 2023
Oct 12, 2023
64626_rns_2023-10-12_87465286-2dc4-495d-814f-eac9a04ef24d.pdf
Net Asset Value
Open in viewerOpens in your device viewer
13 October 2023
CD Private Equity Fund I (Fund) (ASX: CD1)
Net Tangible Asset Update – 30 September 2023
| NTA per unit | Gross assets (million) |
Distributions Last 12 months |
Distributions Since inception |
Fund Inception | 5 year NTA return1, 2 |
|---|---|---|---|---|---|
| $1.07 | $39.7 | $0.33 per unit | $2.77 per unit | August 2012 | 14.5% p.a. |
The estimated unaudited net tangible asset value (NTA) after tax as at 30 September 2023 was $1.07[1,3] per unit (31 August 2023 was $1.07[1,3] per unit). While the monthly NTA movement was insignificant overall, the Fund’s gross assets did reduce as a result of the Fund making payment of a distribution to Unitholders of $0.11 per unit during the period. Additionally, the Australian dollar weakened against the US dollar by 0.8% during the month.
Performance summary
| 1 | month | 6 | months | 1 year | 3 years p.a. | 5 years p.a. | Since inception p.a. | ||
|---|---|---|---|---|---|---|---|---|---|
| NTA Return1, | 2 | 0.0% | 1.7% | -5.4% | 17.5% | 14.5% | 12.5% |
On an NTA/Internal Rate of Return (IRR) basis, CD1 has achieved a return of 12.1% per annum since inception.
Monthly investment activity
The LP did not make payment of any capital calls and was not informed of any exits during the month.
On 10 October 2023, the RE and Investment Manager released a Fund Series Update. Unitholders can find this presentation here.
Unitholders are welcome to reach out to the Investor Relations team via email at [email protected] or by calling +61 3 9691 6110.
Authorised for release by K2 Asset Management Ltd (ACN 085 445 094, AFSL 244 393), the responsible entity of CD Private Equity Fund I (Fund or CD1).
Notes: AUD:USD spot rate of 0.6435 as at 30 September 2023. Numbers may not sum due to rounding.
-
Source: E&P Investments Limited (for data before 24 June 2023) and K2 Asset Management Ltd (for data post 24 June 2023). The historical performance is not a guarantee of the future performance of the Fund;
-
Total returns are inclusive of distributions and based on post tax NTA;
-
Estimated unaudited net tangible asset value before tax at 30 September 2023 of $1.08 per unit (31 August 2023 was $1.08).
Level 32, 101 Collins Street Melbourne VIC 3000 T 61 3 9691 6110 F 61 3 9691 6170 E [email protected]
cdfunds.com.au ARSN 158 625 284
Page 1