AI assistant
CD PRIVATE EQUITY FUND II — Net Asset Value 2024
Feb 13, 2024
64627_rns_2024-02-13_45e2ce75-9523-47c0-9e36-7775e30355ca.pdf
Net Asset Value
Open in viewerOpens in your device viewer
14 February 2024
CD PRIVATE EQUITY FUND II: ASX: CD2
NET TANGIBLE ASSET UPDATE – 31 JANUARY 2024
==> picture [525 x 57] intentionally omitted <==
----- Start of picture text ----- Gross assets Distributions DistributionsNTA per unit Fund Inception 5 year NTA return(million) Last 12 months Since Inception$1.55 $90.0 $0.305 per unit $2.31 per unit April 2013 11.7% p.a.----- End of picture text -----
The estimated unaudited net tangible asset value (NTA) after tax as at 31 January 2024 was $1.55[1,3] per unit (31 December 2023 was $1.54[1,3] per unit).
The net asset value movement recorded during the month is primarily a result of foreign exchange movements, with the Australian dollar falling by 3.6% during the month. This was partially offset by a distribution declared to Unitholders of $0.05 per unit, which was accrued during the month and is expected to be paid to Unitholders on or around the 23rd of February 2024.
PERFORMANCE SUMMARY
==> picture [525 x 54] intentionally omitted <==
----- 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]3.9% 14.5% 8.0% 17.5% 11.7% 11.3%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis, CD2 has achieved a return of 11.5% per annum since inception.
MONTHLY INVESTMENT ACTIVITY
During the month, the LP did not receive any capital calls and was not informed of any underlying portfolio company realisations.
The team at K2 wish to thank those who attended the recent in-person presentations in Melbourne and Sydney and we look forward to hosting more updates (both online and in-person) in the future.
As always, we encourage Unitholders to reach out to the team via email at [email protected], or by calling +61 3 9691 6110.
Authorised for release by K2 Asset Management Ltd (K2) (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 0.6568 as at 31 January 2024. Numbers may not sum due to rounding.
- 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 January 2024 of $1.67 per unit (31 December 2023 was $1.65).
Email: [email protected] | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au
ARSN: 162 057 089
Level 44, 101 Collins Street Melbourne VIC 3000
Page 1