CD PRIVATE EQUITY FUND II — Net Asset Value 2013

Nov 13, 2013

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14 November 2013

US Select Private Opportunities Fund II (Fund)

ASX: USG

NTA & Fund Update – 31 October 2013

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 October was $1.65* per Unit (30 September 2013 was $1.69* per Unit).

Fund update

At 31 October 2013, US Select Private Opportunities Fund II, L.P. ( LP ) had committed a total of US$40 million (or 58.8% of total capital) in four underlying investments.

Capital call

During October, the LP made one capital call for consideration of US$10.0 million (or 14.7% of capital committed). The Fund’s proportionate share of this is approximately US$8.5 million (an 85.5% share). At 31 October 2013, US$20.0 million has now been called by the LP, representing 29.4% of total capital committed (or US$17.0 million from the Fund).

Drawdowns

During October, the LP received drawdown requests from Tengram Capital Partners Gen2 Fund, L.P. ( Tengram ) and RFE investment Partners VIII, L.P., while Tengram also distributed a small capital return.

At 31 October 2013, total drawdowns from underlying investments were approximately US$7.0 million, or 10.4% of total funds committed to the LP.

For more information, contact:

Alex MacLachlan 1300 454 801

*Source: Walsh & Company Investments Limited – historical 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 smallto-mid-market private investment funds, adopting a fund-of-funds strategy.

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