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CD PRIVATE EQUITY FUND III — Net Asset Value 2022
Aug 11, 2022
64628_rns_2022-08-11_39bf9ab4-9f4b-46b7-9e9e-17e96c4e42f8.pdf
Net Asset Value
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Monthly update – July 2022
CD Private Equity Fund III
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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 (July 2016) [1,2]Last 12 months: Since inception:$2.24 $185.6 77.1 cents (48%) 114.9 cents (72%) -1.3% 16.1%----- End of picture text -----
Fund update
The estimated unaudited net tangible asset value (NTA) after tax as at 31 July 2022 was $2.24[1,3] per unit (30 June 2022 was $2.27[1] per unit).
Net asset value movements for July were primarily a result of foreign exchange losses due to the appreciating Australian dollar (which detracted approximately 1.2%).
CD3 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] -1.3% 5.4% 15.8% 42.5% 27.7% 21.8% 16.1%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis CD3 has achieved a return of 14.4% per annum since inception.
CD3 portfolio asset allocation
LP commitments to underlying managers (US$117.5m)
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----- Start of picture text ----- Distribution DFWBusiness BertramElephant8.5% Services $10.0 $7.5$5.0Software & 20.3% EncoreTechnology US Select $7.5Direct II$27.5 $10.0 Gemspring26.4%10.1% Manufacturing$5.0Growth Street$7.5$10.0 Incline17.6% 17.1% Trive $5.0 $7.5$5.0 $10.0 LuminateConsumer & RetailHealthcare TelescopeNMSPeakSpan----- End of picture text -----
ASX release date: 12 August 2022
Notes: Authorised for release by E&P Investments Limited (ACN 152 367 649, AFSL 410 433), the responsible entity of CD Private Equity Fund III (Fund or CD3). 1. Source: E&P Investments Limited – the historical performance is not a guarantee of the future performance of the Fund; 2. Total returns are inclusive of distributions. NTA return is based on post tax NTA; 3. Based on estimated unaudited net tangible asset value before tax at 31 July 2022 of $2.34 per unit (30 June 2022 was $2.36). Numbers may not add due to rounding.
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