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CD PRIVATE EQUITY FUND I — Net Asset Value 2024
Jan 11, 2024
64626_rns_2024-01-11_347fe4c4-c9a4-461f-8278-ad342f3b819a.pdf
Net Asset Value
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12 January 2024
CD PRIVATE EQUITY FUND I: ASX: CD1
NET TANGIBLE ASSET UPDATE – 31 DECEMBER 2023
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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$1.02 $37.0 $0.19 per unit $2.77 per unit August 2012 12.5% p.a.----- End of picture text -----
The estimated unaudited net tangible asset value (NTA) after tax as at 31 December 2023 was $1.02[1,3] per unit (30 November 2023 was $1.05[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 strengthening by 3.1% during the month.
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]-2.9% -3.0% -3.9% 13.6% 12.5% 11.7%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis, CD1 has achieved a return of 11.9% per annum since inception.
MONTHLY INVESTMENT ACTIVITY
During the month of December, the LP received a minor capital call of approximately $8,000 for partnership fees. The LP was not informed of any underlying portfolio company realisations during the month.
As always, Unitholders are welcome to reach out to the Investor Relations team via email at cdfunds@k2am. com.au, or by calling +61 3 9691 6110.
- 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;
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 0.6812 as at 31 December 2023. Numbers may not sum due to rounding.
- Estimated unaudited net tangible asset value before tax at 31 December 2023 of $1.01 per unit (30 November 2023 was $1.04). Email: [email protected] | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au ARSN: 158 625 284 Level 44, 101 Collins Street Melbourne VIC 3000 Page 1