CD PRIVATE EQUITY FUND I — Net Asset Value 2015

Jul 13, 2015

14 July 2015

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US Select Private Opportunities Fund (Fund)

ASX: USF

NTA & Fund Update – 30 June 2015

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 June 2015 was $2.06* per unit (31 May 2015 was $2.08* per unit).

Fund update

Capital commitment

At 30 June 2015, the 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 drawdown requests from FPC Small Cap Fund I, L.P., Incline Equity Partners III, L.P., KarpReilly Capital Partners II, L.P., Peppertree Capital Fund IV, L.P. and Trivest Fund V, L.P. for a total consideration of US$3.7 million.

At 30 June 2015, net drawdown requests from underlying investments were approximately US$39.4 million (or 56.6% 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.