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CD PRIVATE EQUITY FUND III — Net Asset Value 2024
Jul 11, 2024
64628_rns_2024-07-11_66dd8fe5-9fe1-48ba-a0c1-153689a51199.pdf
Net Asset Value
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12 July 2024
CD PRIVATE EQUITY FUND III: ASX: CD3
NET TANGIBLE ASSET UPDATE – 30 JUNE 2024
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----- Start of picture text ----- Gross assets Distributions Distributions 5 year NTANTA per unit Fund Inception(million) Last 12 months Since Inception return$1.80 $134.5 $0.18 per unit $1.839 per unit July 2016 19.1% p.a.----- End of picture text -----
The estimated unaudited net tangible asset value (NTA) after tax as at 30 June 2024 was $1.80[1,3] per unit (31 May 2024 was $1.80[1,3] per unit).
The net asset value movement recorded during the month is primarily the result of foreign exchange movements, with the Australian dollar strengthening by 0.3% during June.
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]0.0% 4.4% 3.7% 17.7% 19.1% 13.6%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis, CD3 has achieved a return of 13.3% per annum since inception.
MONTHLY LP & FUND UPDATE
During the month, the LP received two capital calls for a total of US$0.14 million, for underlying fund management fees as well as a follow-on investment in Restoration & Recovery Holdings (AKA Acqualis, a 2018 acquisition).
We wish to inform Unitholders that tax statements for the 2024 FY will be sent to Unitholders via their preferred method by the end of August 2024. 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 III (Fund or CD3). Notes: AUD:USD spot rate of 0.6670 as at 30 June 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 30 June 2024 of $1.84 per unit (31 May 2024 was $1.84).
Email: [email protected] | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au Level 44, 101 Collins Street Melbourne VIC 3000
ARSN: 612 132 813
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