Ann: Merger Proposal - CD Private Equity Fund Series, page-8

Unlikely another entity will pop in to takeover everything. CD invests in other managers which are likely to be unlisted with limits on withdrawing.

The merger was to consolidate CD1 and 2 as they are relatively small funds 20m and 80m respectively. The consolidation will allow reduced operating costs given the small nature of the remaining funds. They are going to take the consolidated fund off the ASX which is more suitable especially for something like private equity which does not really revalue on a monthly basis.

I'm pretty happy with my CD investments having been in for ~2 years and they have paid out quite good returns during my holding period. Hoping it continues under the new structure.