CD Private Equity Fund III is an Australian Managed Investment Scheme focused on private equity investments, particularly in small-to-mid-market opportunities within the United States. The Fund achieves this by acting as a Limited Partner in the US Select Private Opportunities Fund III, L.P., which is registered in the Cayman Islands. This structure allows the Fund to gain exposure to a diverse range of private investment opportunities in the US market, with the Cayman Islands vehicle serving as the primary channel for these investments.