CD PRIVATE EQUITY FUND II — Net Asset Value 2015

Feb 12, 2015

13 February 2015

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 31 January 2015

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 January 2015 was $2.03* per Unit (31 December 2014 was $1.92* per Unit).

Fund update

Capital commitment

At 31 January 2015, the LP had committed US$90.5 million across 11 investment funds (or 95.2% of capital committed), all focused on small-to-mid-market private investment opportunities.

At 31 January 2015, 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 January, the LP received drawdown requests from Chicago Pacific Founders Fund, L.P., High Road Capital Partners Fund II, L.P., Tower Arch Partners I, L.P. and U.S. Select Direct Private Equity (US), LP as well as a capital return from NMS Fund II, L.P. for a net consideration of US$1.5 million.

At 31 January 2015, net drawdown requests from underlying investments were approximately US$26.5 million, or 27.8% 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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