CD PRIVATE EQUITY FUND I — Net Asset Value 2016

Feb 11, 2016

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12 February 2016

US Select Private Opportunities Fund (Fund)

ASX: USF

NTA & Fund Update – 31 January 2016

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 January 2016 was $2.30* per unit (31 December 2015 was $2.25* per unit).

Fund update

Capital commitment

During the month, US Select Private Opportunities Fund, L.P. ( LP ) made a US$5 million capital call to fund new investments. Inclusive of this, at 31 January 2016 the LP has called US$52.5 million (or 75.5% of capital committed). The Fund’s proportionate share is approximately US$44.9 million (an 85.5% share).

Drawdowns

During the month, the LP received a drawdown request from FPC Small Cap Fund I, L.P., Peppertree Capital Fund IV, L.P. and U.S. Select Direct Private Equity (US), LP for a total net consideration of US$0.6 million.

At 31 January 2016, net drawdown requests from underlying investments were approximately US$44.5 million (or 63.9% of total funds committed to the LP).

Distribution from Limited Partnership

On 29 January 2016, the LP – the limited partnership through which the Fund makes investments in underlying private equity funds – distributed US$4m to its partners. The Fund’s share of this distribution was US$3.4 million dollars.

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.