Ace & Company New York Inc

Item 5 Fees and Compensation
Full description of fees and expenses that may be charged to the private Funds is available in each
Fund's respective offering documents. Management fees are collected by ACE SA from the Funds.
The management fees range from 0.5% to 3% of an Investor's commitment.

Ace's fees do not include all of the fees and expenses that the Funds and Investors may bear.
Investors will bear indirectly their pro rata share, based on the Investor's Fund ownership percentage,
of any fees and expenses necessary for administration of the Funds. These fees and expenses may
vary, but typically include professional fees, such as legal and accounting fees, as well as the following
fees and expenses:

    • Expenses of organizing and offering the Fund interests and all expenses incurred with respect
      to each closing of the Fund during the admission periods (up to a certain amount);
    • All expenses incurred in connection with identifying, evaluating, diligence, structuring and
      negotiating any potential investment and the acquisition, holding, custody, sale, proposed sale,
      disposition or valuation of any investment;
    • All ordinary administrative expenses of the Funds, including fees of auditors, attorneys,
      appraisers and other professionals, as well as banking, tax, and fund administration, accounting
      and audit services.

All additional fees and expenses will be outlined in the subscription agreement and may differ from
fund to fund.

The Funds are offered only to "qualified purchasers", as defined in 2(a)(51)(A) of the Investment
Company Act.

Item 7 Types of Clients
We offer investment advisory services to pooled investment vehicles (other than investment
companies).

ACE managed funds have certain minimum investment requirements, as stated in the offering
documents; qualified Investors may choose whether or not to invest in any particular Fund or direct
investment opportunity. If the amounts Investors wish to allocate to a particular investment does not
meet minimum investment amounts set by the underlying investment vehicle, it may not be possible to
complete the investment. In addition, ACE in its sole discretion may decline to pursue an investment
opportunity. Alternatively, ACE may waive the minimum.