CD PRIVATE EQUITY FUND II — Net Asset Value 2014

Apr 13, 2014

14 April 2014

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US Select Private Opportunities Fund II (Fund)

ASX: USG

NTA & Fund Update – 31 March 2014

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 March 2014 was $1.67* per Unit (28 February 2014 was $1.73* per Unit).

Fund update

Capital commitment

At 31 March 2014, US Select Private Opportunities Fund II, L.P. ( LP ) had called US$20 million (or 29.4% of capital committed). The Fund’s proportionate share is approximately $17.0 million (an 85.2% share).

At 31 March 2014, the LP had committed a total of US$52.5 million (or 77.1% of total capital) in six underlying investments.

Drawdowns

During March, the LP received drawdown requests from Trive Capital Fund I, L.P., DFW Capital Partners IV, L.P., High Road Capital Partners Fund II, L.P., RFE Investment Partners VIII, L.P., Tengram Capital Partners Gen2 Fund and U.S. Select Direct Private Equity (US), LP for a consideration of approximately US$3.4 million.

At 31 March 2014, total net drawdowns from underlying investments were approximately US$14.3 million, or 21.0% 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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