CD Private Equity Fund I Completes LP1 Underlying Fund Interest Sale, Settles at US$3.2 Million

Sonal Goyal

06 November 2026 11:23 AM AEDT

CD Private Equity Fund I Completes LP1 Underlying Fund Interest Sale, Settles at US$3.2 Million

Image Source: Krish Capital Pty Ltd

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CD Private Equity Fund I (ASX:CD1), managed by K2 Asset Management Ltd as Responsible Entity, has disclosed that the General Partner of US Select Private Opportunities Fund I, LP (LP1) has completed the sale of its interest in one underlying fund, with the transaction settling on 2 November 2026 (EST) and generating proceeds of approximately US$3.2 million for LP1.

Key Points

The transaction settled on 2 November 2026 (EST), resulting in proceeds of approximately US$3.2 million for LP1.
CD Private Equity Fund I holds an 85.53% interest in US Select Private Opportunities Fund I, LP (LP1).
Proceeds have been received by LP1 but have not yet been distributed to the Fund.
LP1 is expected to make a distribution to CD1 once tax and operational requirements have been satisfied.

Transaction Settlement and Proceeds

According to the filing, the General Partner of LP1 completed the previously announced sale of its interest in one underlying fund, with settlement occurring on 2 November 2026 (EST). The transaction generated proceeds of approximately US$3.2 million for LP1. The filing was released on 6 November 2026 and was issued by K2 Asset Management Ltd in its capacity as Responsible Entity of CD Private Equity Fund I. The sale relates to an interest held within LP1, the vehicle in which the Fund holds an 85.53% interest.

Fund's Interest in LP1 and Proceeds Status

The filing states that proceeds from the transaction have been received by LP1 but have not yet been distributed to CD Private Equity Fund I. The Responsible Entity disclosed that LP1 is expected to make a distribution to CD1 once it has satisfied any applicable tax and operational requirements. No specific timeline for the distribution to the Fund was provided in the filing. The Fund's 85.53% interest in LP1 was disclosed as the basis for CD1's exposure to the transaction outcome.

Investor Reporting and Future Distributions

The filing states that investors will continue to be updated regarding future distributions in accordance with the Fund's reporting requirements. No further details regarding the quantum or timing of any anticipated distribution from LP1 to CD1 were disclosed in the filing. K2 Asset Management Ltd, operating from Level 44, 101 Collins Street, Melbourne VIC 3000, serves as the Responsible Entity of CD Private Equity Fund I, which carries ARSN 158 625 284. The fund is listed on the ASX under the ticker CD1.

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