CD PRIVATE EQUITY FUND I — Net Asset Value 2014

Jun 12, 2014

13 June 2014

US Select Private Opportunities Fund (Fund)

ASX: USF

NTA & Fund Update – 31 May 2014

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 May 2014 was $1.60* per Unit (30 April 2014 was $1.60* per Unit).

Fund update

Capital commitment

At 31 May 2014, US Select Private Opportunities Fund, L.P. ( LP ) had called US$32.5 million (or 46.7% of capital committed). The Fund’s proportionate share is approximately US$27.8 million (an 85.5% share).

Drawdowns

During May, the LP received a capital return from Trivest Fund V, L.P. for a net consideration of approximately US$50,000. At 31 May 2014, net drawdown requests from underlying investments were approximately US$22.2 million, or 31.9% of total funds committed to the LP.

For more information, contact:

Alex MacLachlan 1300 454 801

*Source: Walsh & Company Investments Limited – historical performance is not a guarantee of the future performance of the Fund

The US Select Private Opportunities Fund was the first Australian-listed fund with a primary strategy of investing in US small-to-mid-market private investment funds, adopting a fund-of-funds investment strategy.