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CD PRIVATE EQUITY FUND I — Net Asset Value 2024
Feb 13, 2024
64626_rns_2024-02-13_e060dde2-353c-41f1-bdc4-376b95608773.pdf
Net Asset Value
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14 February 2024
CD PRIVATE EQUITY FUND I: ASX: CD1
NET TANGIBLE ASSET UPDATE – 31 JANUARY 2024
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----- Start of picture text ----- Gross assets Distributions DistributionsNTA per unit Fund Inception 5 year NTA return(million) Last 12 months Since Inception$1.00 $38.2 $0.24 per unit $2.82 per unit August 2012 14.0% p.a.----- End of picture text -----
The estimated unaudited net tangible asset value (NTA) after tax as at 31 January 2024 was $1.00[1,3] per unit (31 December 2023 was $1.02[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 3.6% during the month. This was offset by a distribution declared to Unitholders of $0.05 per unit, which was accrued during the month and is expected to be paid to Unitholders on or around the 23rd of February 2024.
PERFORMANCE SUMMARY
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----- Start of picture text ----- 1 month 6 months 1 year 3 years p.a. 5 years p.a. Since inception p.a.NTA Return [1,2]-2.0% 0.6% 2.1% 14.7% 14.0% 11.9%----- End of picture text -----
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 capital call of US$0.50 million from Trivest Fund V, for partnership fees and follow-on investments in two of the Fund’s existing portfolio companies. This capital call was partially offset by the receipt of US$0.13 million in proceeds from prior realisations, however the LP was not informed of any underlying portfolio company realisations during January.
The team at K2 wish to thank those who attended the recent in-person presentations in Melbourne and Sydney and we look forward to hosting more updates (both online and in-person) in the future.
As always, we encourage Unitholders to reach out to the team via email at [email protected], or by calling +61 3 9691 6110.
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 0.6568 as at 31 January 2024. Numbers may not sum due to rounding. 1. 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; 2. Total returns are inclusive of distributions and based on post tax NTA;
- Estimated unaudited net tangible asset value before tax at 31 January 2024 of $0.99 per unit (31 December 2023 was $1.01). Email: [email protected] | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au Level 44, 101 Collins Street Melbourne VIC 3000
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