CD Private Equity Fund Insights

Summary : The AFR recently revealed the latest material information E&P hadn't disclosed to investors: that Pengana Capital has made two bids for the CD Funds and is very keen on consolidating them into its ASX private equity fund PE1 . E&P not only rejected the proposals and prevented due diligence, but kept everything secret from investors, perhaps hoping Pengana would give up and no other would-be predators would be aroused. E&P seems to think it owns the funds to run for its own interests; "captive capital" indeed! Investors need to contact their CD Fund Directors to insist that merger proposals are actively encouraged in a competitve and transparent way that reaches the best feasible outcome for shareholders (not E&P). CD Fund investors voted overwhelmingly against the proposals put forward by E&P and the current Directors. Investors will obviously need to keep the pressure on and, ultimately, the current Directors may need to be replaced if no...

Summary : The massive CD1/2/3 discounts are due to E&P's lack of effort and competence in managing such funds, and their history with investor debacles like URF. I do more to provide meaningful insights, unpaid, with a few hours of my free time, than E&P has done in several years. E&P waste millions in investor funds working on proposals that benefit them but are not desired by CD Fund investors, and then spend more fending off acquisition by other funds (e.g. Pengana). Previously, I detailed the specific companies owned by CD2 and CD4. Since then, E&P has actually deleted it's website pages that listed portfolio companies!  Is that an appropriate action for a Responsible Entity?! Using the Wayback Machine I will be republishing these company lists and then, as before, adding extra insight. In this post, I will provide some insight into the specific companies that CD3 owns via its U.S. LP Funds. The more they hide data, the more damning this gets!