CD Private Equity Fund III · ASX:CD3
CD Private Equity Fund III — CD Private Equity Fund IV — Investor Presentation (July 2024)
19 slides from CD Private Equity Fund III's investor presentation, Jul 16, 2024
Slide 1: CDIV Liquidity Update
CDIV Liquidity Update 16 July 2024
Slide 2: CDIV Liquidity Update – Presenters
CDIV Liquidity Update 16 July 2024 Hollie Wight Managing Director (MD) Head of RE & Trustee Services George Boubouras Managing Director (MD) Head of Research & Investment Advisory Sarah Connelly Head of Investor Relations
Slide 3: Disclaimer
DISCLAIMER This CD Fund Series Update (Update) has been prepared by K2 Asset Management Ltd as Responsible Entity (ACN 085 445 094, AFSL 244 393) of the CD Private Equity Fund IV (ARSN 624 474 531) (CD4). An investment in any of the Funds is subject to various risks, many of which are beyond the con
Slide 4: Contents
05 CDIV Returns Since Inception 06 2024 Portfolio Updates 07 Fund Series Distributions Since Inception 08 CDIV Liquidity: Key Considerations & Options 10 Low Volume Market: Background 12 Low Volume Market: Key Dates 13 Registration & Additional Information 18 Summary
Slide 5: CD4: Returns Since Inception
CDIV CD4: RETURNS SINCE INCEPTION DETAILS Inception Date April 2018 25 Unitholder Paid in Capital (per unit) $1.60 PORTFOLIO COMPANY REALISATIONS Total Distributions since Inception (per unit)1 $0.605 SINCE INCEPTION Total Distribution Return per unit (DPI)1 0.38x 114 31 May 2024 Net Tangible Asset
Slide 6: Portfolio Composition: 2024 Portfolio Updates
PORTFOLIO HY1: Portfolio Updates COMPOSITION 2024 Realisations Representative Portfolio Companies 25 Searchlight was founded to help solve a major PORTFOLIO COMPANY problem: criminals acting with impunity on the REALISATIONS dark web, and during the 3.5-year hold period, the SINCE INCEPTION Company
Slide 7: Fund Series Distributions
FUND SERIES Fund Series Distributions (per unit) Since Inception DISTRIBUTIONS $3.00 $2.820 $2.50 Distributions $2.380 Fund Since Inception CD1 (2012) $2.82 per unit $2.00 $1.909 CD2 (2013) $2.38 per unit CD3 (2016) $1.909 per unit $1.50 CD4 (2018) $0.605 per unit $1.00 $0.605 $0.50 The Fund Series
Slide 8: CDIV Liquidity: Key Considerations
CDI V Key Considerations LI QUI DI TY K2, as Responsible Entity, was seeking the following: While Private Equity is typically a • a low-cost platform for Unitholders to advertise their Units for sale at long-term, illiquid asset class, a price that they determine themselves. Unitholders have express
Slide 9: What options were explored?
CDI V What options were explored? LI QUI DI TY • A one-off event where a small number of purchasers acquired units at a price determined by the purchaser(s); While Private Equity is typically a long-term, illiquid asset class, Unitholders have expressed desire for the RE to facilitate liquidity in •
Slide 10: Liquidity Solution: Low Volume Financial Market
Low Volume Financial Market LI QUI DI TY S OLUTI ON 1 • The Responsible Entity applied to ASIC for relief to operate a Low Volume Market (ASIC Instrument 2016/8881), which was granted The RE does not hold a license to on 2 July 2024 (being the annual anniversary of the market). operate a financial m
Slide 11: Low Volume Financial Market – Conditions
LOW Low Volume Financial Market - Conditions VOLUME Should the Fund exceed the maximum transaction volume of 100 M ARKE T 1 transactions, or the volume of the transactions exceeds A$1.5 million before in any 12-month period before the market anniversary, the market will close until the following Jul
Slide 12: When will the market open?
LOW When will the market open? VOLUME M ARKE T 1 Registration will open Monday 22 July 2024 for Buyers and Sellers (9am AEST). The financial market is a low volume financial market if, in the 12-month period before it is included on the register: The market will open for transactions from Monday 19
Slide 13: How to Register
LOW How to Register VOLUME M ARKE T 1 The financial market is a low volume financial market if, in the 12-month period before it is included on the register: Navigate to the Registration Section on the Fund 4 website to find the Registration Form for Buyers and Sellers. • no more than 100 completed
Slide 14: What will the market look like?
LOW What will the market look like? VOLUME Participation in the Low Volume Market is on an OPT-IN basis and participation in the event is not dilutionary to remaining Unitholders. M ARKE T 1 The market will exist only on the Fund’s website: https://cdfunds.com.au/fund4/lvm- information/ The financia
Slide 15: Transaction Process
LOW Transaction Process VOLUME Sellers will have three business days to accept a Buyers’ offer to purchase their units. M ARKE T 1 Buyer and Seller agree to transact. The financial market is a low volume financial Off Market Transfer Form and Settlement Agreement signed. market if, in the 12-month p
Slide 16: Additional Information
LOW Additional Information VOLUME The Fund’s NTA will continue to be published on the Fund’s website around the 20th of each month. The NTA will be available here: M ARKE T 1 • CDIV Key Documents • Fund IV Market Page The financial market is a • CDIV Announcements low volume financial We would advis
Slide 17: Summary
LOW Summary VOLUME • Registration opens 22 July 2024 (9am AEST) • Market opens on 19 August 2024 (9am AEST) M ARKE T 1 • Buyers should read the Product Disclosure Statement dated 13 March 2018 (PDS). • You must consider your own circumstances before participating in the market. We would recommend yo
Slide 18: Q&A
Q&A You may submit questions through the chat function. We will group any similar questions, and anything that is not addressed will be followed up separately. [email protected] Investors may reach out after this presentation with (03) 9691 6110 any additional queries. 18
Slide 19: Thank You
THAN K YOU Thank you for attending this presentation. Unitholders are welcome to reach out to the Investor Relations team via email or phone. • [email protected] • +61 3 9691 6110. 19
CD Private Equity Fund IV — Investor Presentation (July 2024) on 6ix