CD PRIVATE EQUITY FUND II — Net Asset Value 2017

Jun 13, 2017

14 June 2017

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US Select Private Opportunities Fund II (Fund)

ASX Code: USG

NTA & Fund Update – 31 May 2017

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 May 2017 was $2.12 per unit (30 April 2017 was $2.18 per unit). The 31 May 2017 unaudited net tangible asset value adjusts for the $0.10 per unit distribution announced on 26 May 2017.

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 2017 would be $2.05* per unit.

Fund update

Capital commitment

At 31 May 2017, 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 Chicago Pacific Founders Fund, L.P., DFW Capital Partners IV, L.P., Staple Street Capital II, L.P., Trive Capital Fund I, L.P. and US Select Direct Private Equity (US), L.P. as well as a capital return from Staple Street Capital II, L.P. for a net total consideration of US$1.4 million.

At 31 May 2017, net drawdown requests from underlying investments were approximately US$59.1 million (or 60.3% of total funds committed by the LP).

For further information, contact:

Alex MacLachlan 1300 454 801

*Source: Walsh & Company Investments Limited – the historical 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 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