CD PRIVATE EQUITY FUND I — Net Asset Value 2015

Sep 13, 2015

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14 September 2015

US Select Private Opportunities Fund (Fund)

ASX: USF

NTA & Fund Update – 31 August 2015

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 August 2015 was $2.32* per unit (31 July 2015 was $2.22* per unit).

Fund update

Capital commitment

At 31 August 2015, US Select Private Opportunities Fund, L.P. ( LP ) has called US$47.5 million (or 68.3% of capital committed). The Fund’s proportionate share is approximately US$40.6 million (an 85.5% share).

Drawdowns

During the month, the LP received a drawdown requests from KarpReilly Capital Partners II, L.P. and Peppertree Capital Fund IV, L.P. for a total net consideration of US$0.2 million.

At 31 August 2015, net drawdown requests from underlying investments were approximately US$39.5 million (or 56.8% of total funds committed to the LP).

For further information, contact:

Tom Kline 1300 454 801

• Source: Walsh & Company Investments Limited – historic 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.