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CD PRIVATE EQUITY FUND I — Net Asset Value 2024
Mar 13, 2024
64626_rns_2024-03-13_8f88fa90-985a-44fd-921d-3473208e6309.pdf
Net Asset Value
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14 March 2024
CD PRIVATE EQUITY FUND I: ASX: CD1
NET TANGIBLE ASSET UPDATE – 29 FEBRUARY 2024
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Gross assets Distributions Distributions 5 year NTA
NTA per unit Fund Inception
(million) Last 12 months Since Inception return
$1.01 $36.8 $0.16 per unit $2.82 per unit August 2012 13.7% p.a.
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The estimated unaudited net tangible asset value (NTA) after tax as at 29 February 2024 was $1.01[1,3] per unit (31 January 2024 was $1.00[1,3] per unit).
The net asset value movement recorded during the month is primarily a result of foreign exchange movements, with the Australian dollar falling by 1.1% during the month.
PERFORMANCE SUMMARY
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1 month 6 months 1 year 3 years p.a. 5 years p.a. Since Inception p.a.
NTA Return [1,2]
1.0% -0.9% -0.9% 15.3% 13.7% 11.9%
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On an NTA/Internal Rate of Return (IRR) basis, CD1 has achieved a return of 12.0% per annum since inception.
MONTHLY INVESTMENT ACTIVITY
During the month, the LP received a distribution of US$0.02 million from FPC Small Cap Fund I, LP, which was a tax and expense refund from an underlying portfolio company.
As always, we encourage Unitholders to reach out to the team via email at [email protected], or by calling +61 3 9691 6110 with any questions.
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 29 February 2024 of $1.00 per unit (31 January 2024 was $0.99).
Authorised for release by K2 Asset Management Ltd (K2) (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 0.6497 as at 29 February 2024. Numbers may not sum due to rounding.
Email: [email protected] | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au Level 44, 101 Collins Street Melbourne VIC 3000
ARSN: 158 625 284 Page 1