CD PRIVATE EQUITY FUND II — Net Asset Value 2016

Jun 9, 2016

10 June 2016

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 31 May 2016

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 May 2016 was $2.23* per unit (30 April 2016 was $2.10* 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 May 2016 would be $2.17* per unit.

Fund update

Capital commitment

At 31 May 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 NMS Fund II, L.P. and a capital return from Blue Point Capital Partners III, L.P. for a total net consideration of US$0.6 million.

At 31 May 2016, net drawdown requests from underlying investments were approximately US$48.2 million (or 49.2% of total funds committed by 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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