CD PRIVATE EQUITY FUND II — Net Asset Value 2016

May 12, 2016

13 May 2016

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 30 April 2016

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 April 2016 was $2.10* per unit (31 March 2016 was $2.10* per unit).

Fund update

Capital commitment

At 30 April 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., Staple Street Capital II, L.P., U.S. Select Direct Private Equity (US), L.P., RFE Investment Partners VIII, L.P., Blue Point Capital Partners III, L.P., Chicago Pacific Founders Fund, L.P., as well as a capital return from NMS Fund II, L.P. for a total net consideration of US$1.8 million.

At 30 April 2016, net drawdown requests from underlying investments were approximately US$47.6 million (or 48.6% 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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