CD PRIVATE EQUITY FUND II — Net Asset Value 2016

Sep 13, 2016

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14 September 2016

US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 31 August 2016

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 August 2016 was $2.11* per unit (31 July 2016 was $2.04* per unit).

The Fund is a long-term investor and seeks to make investments in a tax-effective manner. If tax at 35% on estimated underlying investment values were to be recognised, the estimated unaudited net asset backing after tax as at 31 August 2016 would be $2.03* per unit.

Fund update

Capital commitment

At 31 August 2016, US Select Private Opportunities Fund II, L.P. ( LP ) has called US$62.9 million (or 66.2% of capital committed). The Fund’s proportionate share is approximately US$54.9 million (an 87.3% share).

Drawdowns

During the month, the LP received a drawdown request from Tower Arch Partners I, L.P., U.S. Select Direct Private Equity (US), L.P., RFE Investment Partners VIII, L.P. as well as a capital return from Trive Capital Fund I, L.P. for a total net consideration of US$0.4 million.

At 31 August 2016, net drawdown requests from underlying investments were approximately US$52.5 million (or 53.6% of total funds committed by the LP).

For further information, contact:

Alex MacLachlan 1300 454 801

The US Select Private Opportunities Fund II has a primary strategy of investing in US small-to-midmarket private investment funds, adopting a multi-manager investment strategy.

Level 15, 100 Pacific Highway North Sydney NSW 2060 uspof.com.au T 1300 454 801 F 1300 883 159 E info@uspof.com.au ARSN 162 057 089