CD PRIVATE EQUITY FUND II — Net Asset Value 2015

Oct 13, 2015

14 October 2015

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 30 September 2015

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 September 2015 was $2.42* per unit (31 August 2015 was $2.39* per unit).

Fund update

Capital commitment

At 30 September 2015, US Select Private Opportunities Fund II, L.P. ( 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 drawdown requests from Blue Point Capital Partners III, L.P., Chicago Pacific Founders Fund, L.P., High Road Capital Partners Fund II, L.P., RFE Investment Partners VIII, L.P., Staple Street Capital II, L.P., Trive Capital Fund I, L.P., and U.S. Select Direct Private Equity (US), LP, and a capital return from Tengram Capital Partners Gen2 Fund for a total net consideration of US$2.0 million.

At 30 September 2015, net drawdown requests from underlying investments were approximately US$37.9 million, or 39.9% 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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