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CD PRIVATE EQUITY FUND II — Net Asset Value 2022
Jun 13, 2022
64627_rns_2022-06-13_edc4c365-4412-45bf-a700-5336206646bc.pdf
Net Asset Value
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Monthly update – May 2022
CD Private Equity Fund II
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----- Start of picture text ----- NTA Gross assets Distributions per unit One month Annualised performance sinceper unit (millions) (percentage of initial investment) performance [1,2] inception (April 2013) [1,2]Last 12 months: Since inception:$2.05 $115.10 69.5 cents (43%) 172.5 cents (108%) 1.5% 13.0%----- End of picture text -----
Fund update
The estimated unaudited net tangible asset value (NTA) after tax as at 31 May 2022 was $2.05[1,3] per unit (30 April 2022 was $2.02[1] per unit).
Net asset value movements for May were primarily a result of positive asset valuation movements from underlying LPs and a downward revision to potential (deferred) tax liabilities, partially offset by foreign exchange losses due to the appreciating Australian dollar (which detracted approximately 1.6%).
On 30 May the Fund released Financial Accounts for the twelve months to 31 March 2022 – please click here to view these.
CD2 Fund performance
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----- Start of picture text ----- 1 Month 3 Months 6 Months 1 Year 3 Years p.a. 5 Years p.a. Since inception p.a. [3]NTA return [1,2] 1.5% 6.2% 5.8% 31.8% 14.7% 15.2% 13.0%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis CD2 has achieved a return of 12.3% per annum since inception.
CD2 portfolio asset allocation
LP commitments to underlying managers (US$98.0m)
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----- Start of picture text ----- Distribution Blue Point CPFSoftware &Business DFW*Technology 9.5% Services US Select $5.0 $7.5Direct $5.04.7% 22.5% High$15.0 Road$7.5HealthcareMain22.7% Trive $10.0 $7.5 PostManufacturing14.1%$6.5$8.0 NMS2.0% Tower $8.0Arch$10.024.5% Telecommunications $8.0 RFE*TengramConsumer & Retail Staple Street----- End of picture text -----
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