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CD PRIVATE EQUITY FUND II — Net Asset Value 2026
May 13, 2026
64627_rns_2026-05-13_0c90f36d-ffeb-48b7-a1b1-0d4b7139f6a1.pdf
Net Asset Value
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CD PRIVATE EQUITY FUND II
14 May 2026
CD PRIVATE EQUITY FUND II: ASX: CD2
NET TANGIBLE ASSET UPDATE - 30 APRIL 2026
| NTA per unit | Gross assets (million) | Distributions Last 12 months | Distributions Since Inception | Fund Inception | 5 year NTA return |
|---|---|---|---|---|---|
| $0.60 | $35.3 | $0.56 per unit | $3.03 per unit | April 2013 | 3.1% p.a. |
The estimated unaudited net tangible asset value (NTA) after tax as at 30 April 2026 was $0.60^{1,3}$ per unit (31 March 2026 was $0.65^{1,3}$ per unit).
The NTA movement during the month is primarily driven by foreign exchange losses, with the Australian dollar appreciating by approximately 4.4% against the US dollar during April, detracting approximately $0.03 per unit from the Fund's reported NTA.
PERFORMANCE SUMMARY
| NTA Return^{1,2} | 1 month | 6 months | 1 year | 3 years p.a. | 5 years p.a. | Since Inception p.a. |
|---|---|---|---|---|---|---|
| -7.7% | -16.8% | -19.4% | -5.1% | 3.1% | 7.3% |
On an NTA/Internal Rate of Return (IRR) basis, CD2 has achieved a return of 10.2% per annum since inception.
MONTHLY LP & FUND UPDATE
During the month the LP received a distribution of US$1.95 million, primarily in relation to the realisation of Not Your Mother's, an underlying portfolio company of Main Post Growth Capital, L.P.
Not Your Mother's is a solution-driven haircare brand offering award-winning, salon-quality products including shampoos, conditioners, styling products, and treatments. During Main Post's ownership the company scaled into the largest independently owned mass haircare brand, achieved top brand rankings at key retail partners and expanded its international distribution.
The Fund is in the process of finalising its 31 March 2026 full-year financial report, with release expected by the end of May 2026. Accordingly, this 30 April 2026 NTA is unaudited and does not take into account any adjustments that may come as a result of this process.
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.
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 0.7201 as at 30 April 2026. 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. 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.
- Estimated unaudited net tangible asset value before tax at 30 April 2026 of $0.67 per unit (31 March 2026 of $0.71 per unit).
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