Key Takeaways
- • CD Private Equity Fund III reported an August 2026 NTA of $1.45 per unit, representing a modest recovery from July 2026's $1.42 per unit, reflecting three basis points of monthly appreciation.
- • The fund distributed $0.12 per unit in July 2026, providing income to unitholders while maintaining capital preservation across its lower middle-market private equity portfolio.
- • Month-over-month NTA movement of +2.1% (from $1.42 to $1.45) suggests stabilization in the fund's underlying asset valuations following a significant prior decline from June 2026's $1.63 per unit.
- • K2 Asset Management Ltd., the responsible entity, continues to manage the fund's exposure to small and specialised private equity funds targeting lower middle-market operating businesses.
Summary
CD Private Equity Fund III has reported an estimated unaudited NTA of $1.45 per unit as of 31 August 2026, according to fund documentation published by Kalkine. This represents a sequential increase of $0.03 per unit from July 2026's reported NTA of $1.42 per unit, indicating marginal month-over-month recovery in fund valuations.
The fund's performance trajectory over the prior two months reflects notable volatility in underlying asset valuations. The June 2026 NTA stood at $1.63 per unit, meaning the fund experienced a significant 12.9% decline between 30 June and 31 July 2026, followed by a partial recovery of 2.1% in August. This pattern suggests portfolio company revaluations have been influenced by broader market dynamics affecting lower middle-market operating businesses during the period.
In July 2026, CD Private Equity Fund III announced a distribution of $0.12 per unit, providing income returns alongside capital appreciation or depreciation metrics. K2 Asset Management Ltd., the responsible entity, oversees the fund's allocation strategy focused on investments in small and specialised private equity funds within the lower middle-market segment. The fund structure allows investors to access diversified exposure to operating businesses through a fund-of-funds model, with monthly NTA reporting enabling regular portfolio transparency.
The August 2026 NTA update reflects the ongoing valuation dynamics of the fund's underlying holdings. Investors and analysts should note that NTA figures are estimated and unaudited pending final monthly reporting. The fund's disclosure documents, including quarterly updates and half-year financial reports for 2026, remain available through the fund administrator's platform for comprehensive performance and holdings analysis.
The fund's performance trajectory over the prior two months reflects notable volatility in underlying asset valuations. The June 2026 NTA stood at $1.63 per unit, meaning the fund experienced a significant 12.9% decline between 30 June and 31 July 2026, followed by a partial recovery of 2.1% in August. This pattern suggests portfolio company revaluations have been influenced by broader market dynamics affecting lower middle-market operating businesses during the period.
In July 2026, CD Private Equity Fund III announced a distribution of $0.12 per unit, providing income returns alongside capital appreciation or depreciation metrics. K2 Asset Management Ltd., the responsible entity, oversees the fund's allocation strategy focused on investments in small and specialised private equity funds within the lower middle-market segment. The fund structure allows investors to access diversified exposure to operating businesses through a fund-of-funds model, with monthly NTA reporting enabling regular portfolio transparency.
The August 2026 NTA update reflects the ongoing valuation dynamics of the fund's underlying holdings. Investors and analysts should note that NTA figures are estimated and unaudited pending final monthly reporting. The fund's disclosure documents, including quarterly updates and half-year financial reports for 2026, remain available through the fund administrator's platform for comprehensive performance and holdings analysis.
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