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CD PRIVATE EQUITY FUND I — Net Asset Value 2025
Sep 11, 2025
64626_rns_2025-09-11_43bbc6ec-5ab9-485f-bcf4-1fb7cc6c5a87.pdf
Net Asset Value
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12 September 2025
CD PRIVATE EQUITY FUND I: ASX: CD1
NET TANGIBLE ASSET UPDATE – 31 AUGUST 2025
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----- Start of picture text ----- Gross assets Distributions Distributions 5 year NTANTA per unit Fund Inception(million) Last 12 months Since Inception return$0.87 $32.6 $0.135 per unit $2.955 per unit August 2012 11.3% p.a.----- End of picture text -----
The estimated unaudited net tangible asset value (NTA) after tax as at 31 August 2025 was $0.87[1,3] per unit (31 July 2025 was $0.89[1,3] per unit).
The NTA movement recorded during the month (-2.2%) is primarily a result of foreign exchange losses due to the strengthening of the Australian dollar as well as minor negative asset valuation movements following receipt of all June 2025 quarterly valuations.
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]-2.2% -2.2% 5.5% -1.0% 11.3% 10.4%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis, CD1 has achieved a return of 11.6% per annum since inception.
MONTHLY LP & FUND UPDATE
During the month, the LP received one distribution for a total of US$0.01 million from FPC Small Cap Fund I for the release of the remaining expense holdback amounts relating to the previous sale of an underlying portfolio company.
As always, Unitholders are welcome to reach out to the team with any questions via email at [email protected], 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;
- Total returns are inclusive of distributions and based on the Fund’s post tax NTA. The tax component in the post tax NTA refers to the estimate of likely US tax the Fund will incur upon realisation of recorded fair value movements.
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 0.6536 as at 31 August 2025. Numbers may not sum due to rounding.
- Estimated unaudited net tangible asset value before tax at 31 August 2025 of $0.87 per unit (31 July 2025 of $0.89 per unit).
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