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CD PRIVATE EQUITY FUND II — Net Asset Value 2023
Nov 13, 2023
64627_rns_2023-11-13_1df9168f-6826-4faa-a8b1-2c7537d219e5.pdf
Net Asset Value
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14 November 2023
CD PRIVATE EQUITY FUND II: ASX: CD2
NET TANGIBLE ASSET UPDATE – 31 OCTOBER 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$1.71 $96.8 $0.535 per unit $2.26 per unit April 2013 13.2% p.a.----- End of picture text -----
The estimated unaudited net tangible asset value (NTA) after tax as at 31 October 2023 was $1.71[1,3] per unit (30 September 2023 was $1.68[1,3] per unit).
The net asset value movement recorded during the month was primarily a result of foreign exchange movements, with the Australian dollar falling by 1.5% 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]1.8% 16.4% 5.8% 18.5% 13.2% 12.3%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis, CD2 has achieved a return of 12.0% per annum since inception.
MONTHLY INVESTMENT ACTIVITY
During the month of October, the LP received one capital call for partnership expenses (US$0.01 million). The Fund was not informed of any realisations during the month.
On 3 November 2023, the Responsible Entity (RE) released the quarterly update for the period ended 30 September 2023. Unitholders can find this release here.
- 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;
- Estimated unaudited net tangible asset value before tax at 31 October 2023 of $1.84 per unit (30 September 2023 was $1.82).
Authorised for release by K2 Asset Management Ltd (ACN 085 445 094, AFSL 244 393), the responsible entity of CD Private Equity Fund II (Fund or CD2). Notes: AUD:USD spot rate of 0.6337 as at 31 October 2023. Numbers may not sum due to rounding.
Email: [email protected] | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au
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