CD PRIVATE EQUITY FUND II — Net Asset Value 2018

Dec 13, 2018

14 December 2018

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Cordish Dixon Private Equity Fund II (Fund)

ASX: CD2

NTA & Fund Update – 30 November 2018

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 November 2018 was $2.19[1] per unit (31 October 2018 was $2.24[1] per unit). On 30 November 2018, the Fund announced a distribution of $0.09 per Unit, to be paid to investors on or around 18 December 2018.

The Fund is a long-term investor and seeks to make investments in a tax-effective manner. If tax at 21% on estimated underlying investment values were to be recognised, the estimated unaudited net asset backing after tax as at 30 November 2018 would be $2.09[1] per unit.

Fund update

Capital called

At 30 November 2018, US Select Private Opportunities Fund II, L.P. ( LP ) has called US$81.4 million (or 85.6% of capital committed). The Fund’s proportionate share is approximately US$71.1 million (an 87.3% share).

Drawdowns

During the month, the LP received drawdown requests from Blue Point Capital Partners III, L.P., Chicago Pacific Founders Fund, L.P., NMS Fund II, L.P., RFE Investment Partners VIII, L.P. and Staple Street Capital II, L.P., as well as capital returns from NMS Fund II, L.P. and Staple Street Capital II, L.P., for a net consideration paid of US$0.5 million.

At 30 November 2018, net drawdown requests from underlying investments were approximately US$76.3 million (or 77.8% of total funds committed by the LP).

For further information, contact:

Fleur Jouault GRACosway 0405 669 632

1. Source: Walsh & Company Investments Limited – the historical performance is not a guarantee of the future performance of the Fund.

Level 15, 100 Pacific Highway North Sydney NSW 2060 cordishdixonfunds.com.au T 1300 883 158 F 1300 883 159 E info@cordishdixonfunds.com.au ARSN 162 057 089