CD PRIVATE EQUITY FUND II — Fund Information / Factsheet 2015

Apr 13, 2015

14 April 2015

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 31 March 2015

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 March 2015 was $2.13* per Unit (28 February 2015 was $2.05* per Unit).

Fund update

Capital commitment

During the month, US Select Private Opportunities Fund II, L.P. (LP) made a new US$7.5 million commitment to Main Post Growth Capital, L.P. See appendix for more details.

The LP also made a US$10 million capital call to fund investment and operating expenses. At 31 March 2015, the LP has called US$44.9 million (or 47.3% of capital committed). The Fund’s proportionate share is approximately US$39.2 million (an 87.3% share).

Drawdowns

During the month, the LP received capital calls from Chicago Pacific Founders Fund, L.P., Trive Capital Fund I, L.P. and U.S. Select Direct Private Equity (US), LP, as well as a capital return from High Road Capital Partners Fund II, L.P, for a net consideration of US$1.2m.

At 31 March 2015, net drawdown requests from underlying investments were approximately US$30.0 million, or 31.6% 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 II has a primary strategy of investing in US small-to-midmarket private investment funds, adopting a fund-of-funds investment strategy.

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Appendix 1: Main Post Growth Capital, L.P.

US$7.5 million commitment

Main Post Partners (Main Post) is a private investment firm that invests in lower middle-market growth companies in the consumer, business services and industrial growth sectors. The LP has committed US$7.5 million to Main Post Growth Capital, L.P., which will invest in a diversified portfolio of high-growth companies by leveraging Main Post’s significant investing experience, recent successes and extensive professional network.

Main Post will make investments generally ranging from US$20 million to US$60 million in companies located primarily in the US. The main objective is to provide investors with superior long-term capital appreciation by driving significant growth and scale at its portfolio companies. Main Post will partner with highly engaged and experienced management teams with strong incentives to drive the performance of their businesses. They will employ a disciplined but flexible strategy that can accommodate both minority and control positions, and prudent capital structures to position the companies for future growth.

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