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CD Private Equity Fund II (CD2), overseen by K2 Asset Management Ltd, has declared a distribution of $0.03 per unit, with payments anticipated around 27 August 2026. This marks the third distribution within the past twelve months, underscoring the fund's ongoing commitment to liquidity management and capital returns for unitholders. Since its inception, investors holding units continuously have received total distributions amounting to $3.06 per unit, equating to a 1.91 times return on their original $1.60 investment.
Key Highlights
- CD Private Equity Fund II (CD2), managed by K2 Asset Management Ltd, announces the distribution.
- A $0.03 per unit distribution declared with an ex-distribution date of 5 August 2026.
- Payment is expected on or around 27 August 2026; the 12-H monthly report will be accessible no earlier than 26 August 2026.
- Long-term unitholders have received cumulative distributions of $3.06 per unit since inception, representing a 1.91x return on their initial $1.60 investment.
- The fund's responsible entity continues to evaluate liquidity options across its portfolio to optimise value and enable orderly capital returns.
- Unitholders should verify that their payment details and tax file number or Australian business number information are up to date with Boardroom Pty Ltd, the fund's registry.
Distribution Schedule and Payment Information for CD2 Investors
CD Private Equity Fund II has confirmed the distribution timeline for the $0.03 per unit payout. The ex-distribution date is set for Wednesday, 5 August 2026, followed by the record date on Thursday, 6 August 2026. Investors holding units on the record date will be eligible for the distribution. The payment is scheduled for on or about Thursday, 27 August 2026, allowing approximately three weeks from the record date for distribution processing.
K2 Asset Management Ltd, acting as the fund’s responsible entity, has indicated that the accompanying 12-H monthly report will be available on the fund’s website no earlier than 26 August 2026. This report will provide detailed insights into fund performance and portfolio status shortly before the distribution payment. Unitholders are encouraged to update their payment information and tax identifiers with Boardroom Pty Ltd to prevent any delays in receiving their distributions.
Total Distributions Since Fund Inception
Unitholders maintaining continuous investment in CD Private Equity Fund II have now received aggregate distributions totaling $3.06 per unit. This reflects a substantial cumulative return and highlights the fund’s dedication to returning capital over time. Given the initial investment was $1.60 per unit, the total distributions correspond to a 1.91 times return on the original capital. This figure offers investors a clear view of cash returns independent of current unit valuations.
The fund’s distribution history reveals consistent capital returns over multiple years. Within the last twelve months alone, three distributions were declared: $0.06 per unit in September 2025, a significant $0.38 per unit in January 2026, and the current $0.03 per unit in July 2026. The sizeable January distribution reflects notable liquidity events in the portfolio during that timeframe, demonstrating active portfolio management and liquidity realisation efforts by the fund manager.
K2 Asset Management’s Continued Liquidity Strategy
K2 Asset Management Ltd, as the responsible entity for CD Private Equity Fund II, affirms its ongoing evaluation of liquidity options across the portfolio. The manager aims to maximise unitholder value while ensuring an orderly return of capital. This balanced strategy focuses on optimising exit valuations and executing distributions in a controlled manner that maintains market stability and investment integrity.
The liquidity assessment involves exploring exit opportunities, secondary market sales, and other realisation events across portfolio companies. The emphasis on "orderly" capital return indicates a measured approach rather than rapid asset liquidation, aligning with professional private equity management practices that prioritise timing and investor outcomes. The three distributions totaling $0.47 per unit over the past year reflect multiple liquidity realisations during this period.
Fund Governance and Regulatory Compliance
CD Private Equity Fund II operates under the governance of K2 Asset Management Ltd, which holds regulatory authorisation as the fund’s responsible entity. K2 Asset Management is regulated by the Australian Securities and Investments Commission and holds an Australian Financial Services Licence (AFSL 244 393). The fund is registered under the Corporations Act with ARSN 162 057 089, ensuring compliance with Australian financial services laws and managed investment scheme regulations.
The responsible entity structure places fiduciary duties on K2 Asset Management to manage portfolio decisions, distributions, and overall fund governance. Boardroom Pty Ltd serves as the unit registry, managing unitholder records, distributions, and corporate actions. Unitholders can contact the Investor Relations team via [email protected] or +61 3 9691 6110 for assistance with distribution inquiries or updating registration details.
Distribution Trends Over Recent Financial Periods
Recent distribution patterns provide insight into the fund’s liquidity profile and portfolio realisation timing. The September 2025 distribution of $0.06 per unit established a baseline capital return, followed by a larger $0.38 per unit payout in January 2026, likely tied to a major portfolio exit or liquidity event. The current July 2026 distribution of $0.03 per unit indicates continued, albeit smaller, liquidity realisations.
Variations in distribution amounts are typical for private equity funds, reflecting the timing of successful exits rather than fixed schedules. The $0.47 per unit distributed over the last year represents about 29% of the total $3.06 per unit distributed since inception, suggesting an acceleration in capital returns recently. This may result from strategic decisions, favourable market conditions, or portfolio investments reaching maturity.
Unitholder Communications and Registry Updates
K2 Asset Management stresses the importance of unitholders maintaining current records with Boardroom Pty Ltd. Investors should confirm that payment details, tax file numbers, and Australian business numbers are accurate before the 6 August 2026 record date to ensure timely distribution payments. Incorrect or outdated information could cause payment delays or compliance issues.
Unitholders can reach out to the investor relations team at [email protected] or +61 3 9691 6110 for assistance with administrative matters or distribution questions. Providing clear contact channels reflects the fund’s commitment to effective communication and supporting unitholder interests. Prompt administrative updates are essential for seamless distribution processing.
Private Equity Fund Distribution Market Context
The distribution activity of CD Private Equity Fund II occurs within the broader Australian private equity market, where capital is typically returned through interim and final distributions based on portfolio exits. Distribution timing and amounts depend on portfolio performance and successful realisations. The fund’s recent distributions indicate sufficient liquidity events to support capital returns.
The cumulative 1.91 times return on initial investment through distributions alone is a significant performance indicator, demonstrating effective value crystallisation and capital return. The upcoming 12-H monthly fact sheet, available from 26 August 2026, will provide further details on net asset value, portfolio composition, and performance metrics to assist unitholders in evaluating the fund’s current status and remaining portfolio risk.
Risks for Continuing Investors
Unitholders should be aware that private equity investments involve inherent risks and uncertainties. Future distributions depend on the fund’s ability to realise value from remaining portfolio holdings, which may be influenced by market conditions, company performance, and broader economic factors. Distribution timing and amounts cannot be guaranteed. The liquidity strategy is also subject to market dynamics; operational challenges or valuation declines could reduce or delay future distributions.
The fund retains illiquid investments, with realisation processes carrying execution, timing, and market risks. While recent distributions totaling $0.47 per unit over the past year indicate active management, past performance does not ensure future results. Private equity investments are long-term, and significant capital may remain invested beyond current distribution cycles.
Next Steps and Reporting Milestones for Unitholders
Unitholders should promptly verify and update their records with Boardroom Pty Ltd well before the 6 August 2026 record date to secure entitlement to the upcoming distribution. Ensuring accurate banking and tax details will facilitate timely payment expected around 27 August 2026. Any changes to contact or tax information should be communicated directly to the registry.
The 12-H monthly report, releasing from 26 August 2026, will provide comprehensive updates on the fund’s net asset value, portfolio holdings, and performance. Unitholders are encouraged to review this report to assess the fund’s position and any portfolio changes. The fund’s ongoing liquidity assessments suggest potential future distributions, though timing and amounts will depend on portfolio realisations and market conditions.
