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CD PRIVATE EQUITY FUND II — Net Asset Value 2016
Aug 11, 2016
64627_rns_2016-08-11_2983e945-5ad8-4ecb-8bbb-6ede94b45d19.pdf
Net Asset Value
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12 August 2016
US Select Private Opportunities Fund II (Fund)
ASX Code: USG
NTA & Fund Update – 31 July 2016
NTA update
The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 July 2016 was $2.04* per unit (30 June 2016 was $2.09* 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 July 2016 would be $1.97* per unit.
Fund update
Capital commitment
At 31 July 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 drawdown requests from Main Post Growth Capital, L.P. and NMS Fund II, L.P. for a total consideration of US$1.7 million.
At 31 July 2016, net drawdown requests from underlying investments were approximately US$51.6 million (or 52.7% 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 [email protected] ARSN 162 057 089