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CD PRIVATE EQUITY FUND III — Net Asset Value 2024
May 13, 2024
64628_rns_2024-05-13_09424270-96e0-4c2a-8e91-800fbd2b5045.pdf
Net Asset Value
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14 May 2024
CD PRIVATE EQUITY FUND III: ASX: CD3
NET TANGIBLE ASSET UPDATE – 30 APRIL 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$1.83 $134.6 $0.37 per unit $1.839 per unit July 2016 19.9% p.a.----- End of picture text -----
The estimated unaudited net tangible asset value (NTA) after tax as at 30 April 2024 was $1.83[1,3] per unit (31 March 2024 was $1.82[1,3] per unit).
The net asset value movement recorded during the month is primarily a result of negative movements in the value of the underlying investments, which was offset by foreign exchange movements with the Australian dollar falling by 0.74%.
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]0.5% -1.3% 0.6% 24.6% 19.9% 14.2%----- End of picture text -----
On an NTA/Internal Rate of Return (IRR) basis, CD3 has achieved a return of 13.5% per annum since inception.
MONTHLY FUND UPDATE
During the month, the LP received two capital calls for US$0.04m to fund partnership expenses and management fees.
The Fund is in the process of finalising its 31 March 2024 full-year financial report, with release expected by the end of May 2024. Accordingly, this 30 April 2024 NTA is unaudited and does not take into account any adjustments that may come as a result of this process.
As always, any Unitholders who have any questions are encouraged 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 III (Fund or CD3). Notes: AUD:USD spot rate of 0.6473 as at 30 April 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;
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Total returns are inclusive of distributions and based on the Fund’s post tax NTA;
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Estimated unaudited net tangible asset value before tax at 30 April 2024 of $1.87 per unit (31 March 2024 was $1.88).
Email: [email protected] | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au
ARSN: 612 132 813
Level 44, 101 Collins Street Melbourne VIC 3000
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