CD PRIVATE EQUITY FUND II — Fund Information / Factsheet 2015

Jan 13, 2015

14 January 2015

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 31 December 2014

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 December 2014 was $1.92* per Unit (30 November 2014 was $1.85* per Unit).

Fund update

Capital commitment

During December, US Select Private Opportunities Fund II, L.P. (LP) committed an additional US$2.5 million to Chicago Pacific Founders Fund, L.P. (Chicago Pacific), bringing the total commitment in Chicago Pacific to US$7.5 million. The LP also committed US$8 million to Staple Street Capital Partners II, L.P. (Staple Street). See Appendix below for more details on Staple Street.

At 31 December 2014, the LP had committed US$87.5 million across 11 investment funds (or 92.0% of capital committed), all focused on small-to-mid-market private investment opportunities.

The LP also made a US$5 million capital call to fund investment and operating expenses. Inclusive of this, the LP has now called US$34.9 million (or 36.7% of capital committed). The Fund’s proportionate share is approximately US$30.5 million (an 87.3% share).

Drawdowns

During December, the LP received a drawdown request from Blue Point Capital Partners III, L.P., High Road Capital Partners Fund II, L.P., RFE Investment Partners VIII, L.P. and Trive Capital Fund I, L.P. for a net consideration of US$0.9 million.

At 31 December 2014, net drawdown requests from underlying investments were approximately US$25.0 million, or 26.3% 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: Staple Street Capital Partners II, L.P.

Staple Street Capital Partners II, L.P. (Staple Street) is an experienced New York-based investment manager that invests in lower middle market companies with operational, balance sheet or process complexities. Staple Street was formed by Steven Owens and Hootan Yaghoobzadeh, who worked closely together in The Carlyle Group’s US buyout team, and collectively have more than 30 years of private investment experience completing over 60 transactions.

Staple Street’s strategy is to focus on orphaned businesses, change-intensive situations, operational turnarounds, corporate carve-outs, public-to-private transactions, financial restructurings and other types of complex transactions.

Staple Street invest up to US$40 million (or more with co-investors), in companies within the retail, industrial, distribution, communications or energy sectors with revenues anywhere between US$50 million to US$400 million.

www.staplestreetcapital.com

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