CD PRIVATE EQUITY FUND II — Net Asset Value 2014

Sep 11, 2014

12 September 2014

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 31 August 2014

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 August 2014 was $1.69* per Unit (31 July 2014 was $1.67* per Unit).

Fund update

Capital commitment

At 31 August 2014 US Select Private Opportunities Fund II, L.P. ( LP ) had committed US$72.0 million across nine investment funds (or 75.7% of capital committed), all focused on small-to-mid-market private investment opportunities.

Drawdowns

During August, the LP received a drawdown requests from Blue Point Capital Partners III, L.P., DFW Capital Partners IV, L.P. Trive Capital Fund I, L.P. and U.S. Select Direct Private Equity (US), LP, while receiving capital returns from NMS Fund II, L.P. and Trive Capital Fund I, L.P. for a total net consideration of approximately US$2.1 million.

At 31 August 2014, net drawdown requests from underlying investments were approximately US$22.3 million, or 23.4% 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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