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CD PRIVATE EQUITY FUND I Net Asset Value 2023

Jun 13, 2023

64626_rns_2023-06-13_07486ce2-d997-472d-882a-1149818cdd63.pdf

Net Asset Value

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Monthly update – May 2023

CD Private Equity Fund I

NTA Gross Assets Distributions per unit One month Annualised performance since
per unit (millions) (percentage of initial investment) performance1,2 inception (August 2012)1,2
Last 12 months:Since inception:
$1.18 $43.70 22 cents (14%)266 cents (166%) -0.8% 12.9%

Fund update

The estimated unaudited net tangible asset value (NTA) after tax as at 31 May 2023 was $1.18[1,3] per unit (30 April 2023 was $1.19[1] per unit).

Net asset value movements for May 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 1.7%).

CD1 Fund performance

1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3NTA return1,2-0.8%0.0%0.0%0.0%16.2%16.1%12.9% 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3NTA return1,2-0.8%0.0%0.0%0.0%16.2%16.1%12.9% 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3NTA return1,2-0.8%0.0%0.0%0.0%16.2%16.1%12.9% 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3NTA return1,2-0.8%0.0%0.0%0.0%16.2%16.1%12.9% 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3NTA return1,2-0.8%0.0%0.0%0.0%16.2%16.1%12.9% 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3NTA return1,2-0.8%0.0%0.0%0.0%16.2%16.1%12.9% 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3NTA return1,2-0.8%0.0%0.0%0.0%16.2%16.1%12.9%
NTA return1,2 -0.8% 0.0% 0.0% 0.0% 16.2% 16.1%

On an NTA/Internal Rate of Return (IRR) basis CD1 has achieved a return of 12.2% per annum since inception.

ASX release date: 14 June 2023

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 May 2023 of $1.19 per unit (30 April 2023 was $1.19). Numbers may not add due to rounding

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