Akina Limited

Item 5 Fees and Compensation
Clients pay performance-based fees, which are typically paid to the general
partner of each fund. In addition, clients pay an advisory fee based on
committed capital, invested capital or as otherwise negotiated. All such
fees are calculated in accordance with the conditions set forth in the
respective limited partnership agreement. All such fees are fully disclosed
in the client's governing documents and, for separately advised private
equity accounts, are negotiable at the discretion of Akina. Akina does not
invoice the fees described above; rather, Akina directly deducts such fees
from its clients' accounts. The management fee paid to the General
Partners is paid in advance as according to the limited partnership
agreement negotiated with the client.

Terms regarding termination are described in the respective limited
partnership agreement governing each limited partnership. Generally the
terms only permit early termination of the limited partnership by an
investor or the general partner under certain specified circumstances as
described in the applicable Limited Partnership Agreement. In the event
of termination, Akina will provide a refund of any paid but unearned
advisory fees.

In addition to the fees described above, clients pay charges to financial
institutions and other third parties such as custodial fees, wire transfer and
other fees and taxes on brokerage accounts and securities transactions.
Clients may also pay expense which include but are not limited to:
operating expenses, including fees of its service providers, expenses of
preparing investor reports, costs of custodial services, insurance expenses,
brokerage costs, interest charges, organization expenses, and audit and

legal expenses. Such expense may be initially paid by Akina and then
subsequently reimbursed by clients. Additional information regarding such
fees and expenses is available in the offering memoranda and Limited
partnership agreements of each limited partnership. Further, clients will
indirectly bear the fees and expenses paid by the underlying funds and
direct co-investments in which clients invest.

Partnership expenses are borne by investors in each limited partnership in
an amount proportionate to their investment in each limited partnership, as
described in detail in the offering memoranda and Limited partnership
agreements of each limited partnership.