Allianz Capital Partners of America LLC

Item 5. Fees and Compensation

As compensation for investment sub-advisory services rendered to certain vehicles managed
by ACP GmbH under the Private Equity, IFCOS, and Private Credit Secondaries strategies,
respectively, (collectively, the “ACP GmbH Funds”), the Adviser receives from ACP GmbH
advisory fees (each an “Advisory Fee”) equal to 105% of the Adviser’s administrative cost for
providing such services. Advisory Fees are paid by ACP GmbH and are not borne by the ACP
GmbH Funds.

Advisory fees are paid by ACP GmbH and are not borne by the ACP GmbH Funds.

As compensation for investment advisory services to affiliated entities and third-party clients
invested in the Infrastructure Debt strategy, the Adviser receives an Advisory Fee as
negotiated with the client or affiliate.

Item 7. Types of Clients

The Adviser currently provides non-discretionary investment advisory services to the ACP
GmbH Funds. With respect to the Infrastructure Debt Strategy, the Adviser also provides
discretionary and non-discretionary investment advisory services to affiliated entities, as
well as third-party clients who are primarily insurance companies.