CD PRIVATE EQUITY FUND II — Net Asset Value 2016

Mar 13, 2016

14 March 2016

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 29 February 2016

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 29 February 2016 was $2.27* per unit (31 January 2016 was $2.36* per unit).

Fund update

Capital commitment

At 29 February 2016, US Select Private Opportunities Fund II, L.P. ( LP ) has called US$52.9 million (or 55.7% of capital committed). The Fund’s proportionate share is approximately US$46.2 million (an 87.3% share).

Drawdowns

During the month, the LP received drawdown requests from DFW Capital Partners IV, L.P. and US Select Direct Private Equity (US), L.P. as well a capital return from Tengram Capital Partners Gen2 Fund, L.P. for a total net consideration of US$1.1million.

At 29 February 2016, net drawdown requests from underlying investments were approximately US$43.4million (or 45.6% of total funds committed to the LP).

Distributions

On 12 February 2016, the Fund announced its maiden distribution of 7 cents per unit. The distribution primarily reflected proceeds from successful sales of portfolio investments of underlying private equity managers.

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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