Walsh & Company Asset Management Pty Limited (Trustee), as trustee for the Cordish Dixon III Australian Wholesale Fund (CDW III), is pleased to advise that a wholesale offer for units in CDW III closed 13 April 2017 with applications received totalling US$13 million.
“We are very pleased with the support received for this wholesale raising, which will look to provide investors exposure to US-based operating businesses via high quality, US-focused private investment fund managers,” said Alex MacLachlan, CEO of Walsh & Company.
CDW III intends to invest alongside US Select Private Opportunities Fund III (ASX Code: USP) and other existing investors, into the US Select Private Opportunities Fund III L.P. (Limited Partnership).
Following this intended commitment by CDW III to the Limited Partnership, the Limited Partnership will have received total commitments of approximately US$85 million, including US$53 million from US Select Private Opportunities Fund III and US$15 million from Cordish Private Ventures.
The Limited Partnership will continue to pursue a multimanager strategy targeting US-based small and mid-market private investment funds. The new commitment by CDW III is expected to enhance the Limited Partnership’s scale and investment diversification.
For further information contact:
1300 454 801