CD Private Equity Fund II Settles Three Fund Interest Sales for US$3.5 Million

Mukul

06 November 2026 11:23 AM AEDT

CD Private Equity Fund II Settles Three Fund Interest Sales for US$3.5 Million

Image Source: Krish Capital Pty Ltd

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CD Private Equity Fund II (ASX:CD2) has disclosed that the General Partner of US Select Private Opportunities Fund II, LP (LP2) completed the sale of three underlying fund interests, with transactions settling on 2 November 2026 (EST) and generating proceeds of approximately US$3.5 million for LP2.

Key Points

Three underlying fund interest sales settled on 2 November 2026 (EST), generating approximately US$3.5 million in proceeds for LP2.
CD Private Equity Fund II holds an 87.28% interest in LP2.
Proceeds have been received by LP2 but have not yet been distributed to the Fund.
An additional transaction is expected to close in early January 2027, subject to satisfaction of remaining transfer requirements.

Settlement of Three Underlying Fund Interest Sales

K2 Asset Management Ltd, as Responsible Entity of CD Private Equity Fund II, disclosed that the General Partner of LP2 completed the previously announced sale of three underlying fund interests. The transactions settled on 2 November 2026 (EST). The Fund holds an 87.28% interest in LP2, the vehicle through which it has exposure to these underlying fund interests. The settlement resulted in proceeds of approximately US$3.5 million for LP2, according to the filing.

Distribution to CD2 Pending Tax and Operational Requirements

According to the filing, the proceeds from the settled transactions have been received by LP2. However, those proceeds have not yet been distributed to CD Private Equity Fund II. The filing states that LP2 is expected to make a distribution to CD2 once it has satisfied any applicable tax and operational requirements. No timeline for the distribution from LP2 to the Fund was specified in the filing beyond this condition.

Additional Transaction Expected to Close in Early January 2027

The filing disclosed that an additional transaction is expected to close in early January 2027, subject to the satisfaction of remaining transfer requirements. K2 Asset Management stated that investors will continue to be updated regarding completion of the remaining transaction and any future distributions in accordance with the Fund's reporting requirements. No further details regarding the nature or value of the additional transaction were provided in the filing.

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