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CD PRIVATE EQUITY FUND I — Net Asset Value 2025
Jan 9, 2025
64626_rns_2025-01-09_a044fb55-766b-4da0-a45c-933b1a5b6b9b.pdf
Net Asset Value
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10 January 2025
CD PRIVATE EQUITY FUND I: ASX: CD1
NET TANGIBLE ASSET UPDATE – 31 DECEMBER 2024
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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$1.03 $38.2 $0.05 per unit $2.82 per unit August 2012 9.6% p.a.----- End of picture text -----
The estimated unaudited net tangible asset value (NTA) after tax as at 31 December 2024 was $1.03[1,3] per unit (30 November 2024 was $0.98[1,3] per unit).
The positive net asset value movement recorded during the month is the result of foreign exchange movements, with the Australian dollar falling by 5.0% during the month of December.
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]5.1% 3.0% 6.0% 1.8% 9.6% 11.3%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis, CD1 has achieved a return of 11.8% per annum since inception.
MONTHLY LP & FUND UPDATE
During the month, the LP received a minor capital call (approx. US$4k) from FPC Small Cap Fund I, LP., which was attributable to partnership expenses.
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;
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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.
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Estimated unaudited net tangible asset value before tax at 31 December 2024 of $1.02 per unit (30 November 2024 was $0.97).
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 0.6188 as at 31 December 2024. Numbers may not sum due to rounding.
Email: [email protected] | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au
ARSN: 158 625 284 Page 1
Level 44, 101 Collins Street Melbourne VIC 3000