Blackstone ISG-I Advisors LLC

Item 5 – Fees and Compensation

Management Fees

The particulars of the fee paid by a Client to the Registrant or its designee for the services
provided pursuant to the applicable Investment Management Agreement (the “Management
Fee”) will be addressed in such Client’s Investment Management Agreement (and/or, in certain
cases, certain sub-manager fee agreements and other sub-manager schedules).

Item 7 – Types of Clients

The Registrant’s Clients include financial institutions (including U.S. and non-U.S. insurance and
reinsurance companies), and charitable programs, endowments, organizations and foundations
and other accounts in the Associated Endowment Program and/or other entities. All potential
Clients are subject to certain suitability requirements (including that each Client be an
“accredited investor” as defined in Regulation D under the Securities Act of 1933, as amended
(the “Securities Act”), and a “qualified purchaser” as defined in Section 2(a)(51) of the
Investment Company Act of 1940, as amended (the “Investment Company Act”)), and meet
other suitability requirements (including, in some circumstances, a person that is not a U.S.
Person as defined in Regulation S under the Securities Act).