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CD PRIVATE EQUITY FUND III — Net Asset Value 2023
Jun 13, 2023
64628_rns_2023-06-13_90fe05d2-fd07-4388-b625-ec4999cb3d92.pdf
Net Asset Value
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Monthly update – May 2023
CD Private Equity Fund III
| NTAper unitGross assets(millions)Distributions per unit (percentage ofinitial investment)One monthperformance1,2Annualised performance sinceinception (July 2016)1,2 | NTAper unitGross assets(millions)Distributions per unit (percentage ofinitial investment)One monthperformance1,2Annualised performance sinceinception (July 2016)1,2 | NTAper unitGross assets(millions)Distributions per unit (percentage ofinitial investment)One monthperformance1,2Annualised performance sinceinception (July 2016)1,2 | NTAper unitGross assets(millions)Distributions per unit (percentage ofinitial investment)One monthperformance1,2Annualised performance sinceinception (July 2016)1,2 | NTAper unitGross assets(millions)Distributions per unit (percentage ofinitial investment)One monthperformance1,2Annualised performance sinceinception (July 2016)1,2 | NTAper unitGross assets(millions)Distributions per unit (percentage ofinitial investment)One monthperformance1,2Annualised performance sinceinception (July 2016)1,2 |
|---|---|---|---|---|---|
| $2.00 | $165.10 | Last 12 months:75.1 cents (47%) | Since inception:165.9 cents (104%) | -0.5% | 16.0% |
Fund update
The estimated unaudited net tangible asset value (NTA) after tax as at 31 May 2023 was $2.00[1,3] per unit (30 April 2023 was $2.20[1] per unit). Note NTA movements for May take into account the distribution of 19 cents per Unit declared on 29 May 2023.
Net asset value movements for May were primarily a result of the distribution mentioned above, with negative asset valuation movements from underlying LPs partially offset by foreign exchange gains due to the depreciating Australian dollar (which added approximately 1.7%).
CD3 Fund performance
| 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3 | 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3 | 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3 | 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3 | 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3 | 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3 | 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3 | 1 Month3 Months6 Months1 Year3 Years p.a.5 Years p.a.Since inception p.a.3 |
|---|---|---|---|---|---|---|---|
| NTA return1,2 | -0.5% | 5.8% | 6.3% | 15.6% | 30.7% | 23.1% | 16.0% |
On an NTA/Internal Rate of Return (IRR) basis CD3 has achieved a return of 14.5% per annum since inception.
ASX release date: 14 June 2023
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 May 2023 of $2.10 per unit (30 April 2023 was $2.29). Numbers may not add due to rounding.
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