Aksia Chicago LLC

Item 5: Fees and Compensation

A. Advisory Fees and Compensation.

Aksia Chicago’s fee schedule for its advisory services is omitted because this brochure will be delivered
only to qualified purchasers as defined in section 2(a)(51)(A) of the Investment Company Act of 1940.

B. Payment of Fees.

Fee arrangements are negotiated individually with each client and vary depending on the nature and
scope of the services to be provided. Aksia Chicago generally charges its clients a flat, fixed fee,
although certain advisory clients pay a performance-based fee. Aksia Chicago does not deduct fees, but
rather will bill its fees on a monthly or quarterly basis, typically payable in arrears.

C. Other Fees and Expenses.

Aksia Chicago’s fees are in addition to any asset management, attorney, accounting, custodian or other
third-party expenses incurred by the client in the course of making investments, which are paid by the
client to non-affiliated firms. Aksia Chicago does not receive any portion of such fees or expenses. All
of our firm revenue is derived solely from our clients for investment advisory services.

D. Prepayment of Fees.

Aksia Chicago’s clients pay for services rendered typically in arrears, on a quarterly or monthly basis.
Contracts between Aksia Chicago and its clients generally are terminable by either party without penalty
upon 30 days-notice or such other agreed upon notice period. Upon termination of any account, any
prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will be due and payable.

E. Additional Compensation and Conflicts of Interest

Aksia Chicago and its investment personnel advise multiple client accounts, which creates a conflict
of interest because Aksia Chicago may have an incentive to favor client accounts that pay Aksia
Chicago performance-based compensation or higher fees. Aksia Chicago has adopted and implemented
policies and procedures intended to address conflicts of interest relating to the provision of services to
multiple client accounts. In particular, Aksia Chicago’s procedures relating to the allocation of
investment opportunities set forth the process by which Aksia allocates general investments and co-
investments among accounts, and Aksia Chicago has implemented procedures to document and review
such allocations, as described below.

Item 7: Types of Clients

Aksia Chicago provides real estate and real assets (e.g., infrastructure, timber and agriculture)
investment advisory services primarily to institutional investors, including public pension plans
foundations, foreign pension plan, family offices, and state sovereign wealth funds.

Aksia Chicago does not have formal requirements for new client relationships, such as a minimum
account size; however, we focus our efforts on clients that are qualified, institutional investors that have
an allocation to real estate and real assets investments.