Align Private Capital

Item 5 Fees and Compensation
Align's compensation for its investment advisory service to pooled investment vehicles is through
management fees, carried interest and performance fees. Management fees paid by the Funds are borne
by investors in the Funds. The precise amount of, and the manner and calculation of the management fees
are set forth in the Governing Documents received by each investor prior to investment in the Funds. The
performance fee is collected if certain investment goals are met and consists of a specified carried interest
percentage in the profits and cash distributions of the Funds after the investors in the partnership receive a
specified return on their investment. Investments in the Funds are only suitable for certain "qualified clients",
meeting certain financial requirements.

Align’s compensation for investment advisory services to its SMA Clients is through management fees and
performance fees. The precise amount of, and the manner and calculation of the management and
performance fees are set forth in the SMA Client’s IMA. Performance fees are only charged to those SMA
clients who meet the “qualified client” standard.

Further details on Align's fees will be set forth in the Funds’ Governing Documents and in the SMA Client’s
IMA.

Additional Fees and Expenses
In addition to compensation for Align's advisory and management services, the Funds will typically bear
certain out-of-pocket expenses incurred by Align or its affiliates in connection with services provided to the
Funds. The payment of such expenses by the Funds does not represent a source of profit for Align or its
affiliates; rather it is a reimbursement of expenses paid on behalf of the Funds or incurred in connection
with services provided to the Funds. Such expenses may include, but are not limited to: all reasonable out-
of-pocket fees and expenses incurred in connection with the formation and organization of a fund, fees and
expenses related to the acquisition, holding and disposition of Fund investments (including legal, regulatory
and accounting fees and related expenses incidental thereto), legal fees and expenses, accounting,
diligence fees/expenses, travel/entertainment related to the investments, tax preparation and compliance
fees, financial statement audit fees, and insurance premiums. Expenses paid or reimbursed by the Funds
may include allocations of expenses between Clients and other funds as reasonably determined by Align.
Further details on Align's fees will be set forth in Funds’ Governing Document and the SMA Clients’ IMA.

Item 7 Types of Clients
We offer investment advisory services to pooled investment vehicles (other than investment companies).
The minimum investment amount is outlined in each of the Funds’ Governing Documents. The General
Partner of the Funds may, in its sole discretion, permit investments below the minimum amounts set forth
in the Governing Documents of such fund. Additionally, we offer non-discretionary investment advisory
services to SMA Clients. There is no stated minimum investment for SMA Clients.