CD PRIVATE EQUITY FUND II — Capital/Financing Update 2014

Jul 21, 2014

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22 July 2014

US Select Private Opportunities Fund II (Fund)

Successful completion of capital raisings

• $28.7 million raised, including oversubscriptions

• Existing Unitholders show strong support

• Placement oversubscribed

• Cordish Private Ventures confirms commitment of US$2 million

Walsh & Company Investments Limited (ACN 152 367 649, AFS 410 433) ( Walsh & Co ), in its capacity as Responsible Entity, is pleased to announce the Fund raised a total of approximately $28.7 million under its recent unit purchase plan and placement.

The unit purchase plan was strongly supported by existing Unitholders, raising approximately $6.5 million, and the placement closed oversubscribed, raising approximately $22.2 million including oversubscriptions.

Alex MacLachlan, Chairman of the Fund’s Responsible Entity, said the capital raising would allow the Fund, part of a unique series, to provide greater access to small unlisted US private investments, a highly attractive asset class where current valuation multiples are relatively low compared to the US public market.

“We’re excited about this further show of support by investors and Cordish Private Ventures, and what it means for developing the Fund and finding new opportunities with our partner Cordish Private Ventures,” Mr MacLachlan said.

“The investors are demonstrating they share our belief that the Fund’s strategy and platform are strong and that this is an effective way to take advantage of many opportunities in the private investment space at an exciting point in the US economy’s recovery.”

The new Units under the unit purchase plan and placement are scheduled to be allotted on or around 22 July 2014.

Walsh & Co is pleased to announce the Fund intends to commit US$25 million to the US Select Private Opportunities Fund II, L.P. ( LP ), increasing the total commitment by the Fund to US$83 million.

Under the product disclosure statement dated 20 June 2014, Cordish Private Ventures intended to increase its commitment to the LP by up to US$2 million depending on the final size of the raising. Walsh & Co is pleased to confirm a further commitment to the LP of US$2 million by Cordish Private Ventures.

The Fund and Cordish Private Ventures will together have committed a total of US$95 million to the LP.

Enquiries:

Tom Kline Walsh & Company Investments Limited 1300 454 801

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About the Fund

The US Select Private Opportunities Fund series, comprising US Select Private Opportunities Fund I and the Fund, was established to allow individual investors access to a family office style of investing in USfocused, small unlisted private investment opportunities not generally available to Australian investors.

The platform was developed together with Cordish Private Ventures, the private investment funds arm of the Cordish family, a Baltimore, Maryland (USA)-based high net worth family with a long and successful experience of investing in the US private investment fund market.

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