CBRE Investment Management Infrastructure Inc

Item 5 - Fees and Compensation

The fees being charged to CBRE IM clients are based on the scope of the private market
engagement and services provided in each mandate. CBRE IM does not have a set fee schedule.
Fees are established and disclosed in each Client’s advisory agreement.
While a Fund or an SMA will typically be directly responsible for most fees and expenses
associated with investments, consistent with the organizational or offering documents of a Fund,
SMA or other Client, any Advisory Agreement and/or side letter agreements negotiated with
investors in a Fund or SMA (such documents, collectively, the “Organizational Documents”) of
a Fund or SMA, a Fund or SMA typically bears any out-of-pocket expenses that are incurred by

  As of December 31, 2025, assets under management (“AUM”) refers to the fair market value of assets with respect to
which CBRE IM provides oversight, investment management services and other advice and which generally consists of
investments in infrastructure assets, operating companies and funds and private equity operating companies and funds.
This AUM is intended principally to reflect the extent of CBRE IM’s presence in the global infrastructure and private
equity markets. CBRE IM’s calculation of AUM may differ from the calculations of other asset managers and which
differs from the calculation of regulatory AUM.
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CBRE IM in connection with the services provided to the Fund or SMA. Details about such fees
and expenses are contained in the Organizational Documents of a Fund or SMA. Further details
about certain common fees and expenses are set forth below.

Fees may be billed on a quarterly basis in advance or in arrears depending on the terms of the
applicable Organizational Documents plus any direct expenses incurred in performing services.
Upon termination of an Advisory Agreement, Management Fees that have been prepaid are
generally returned on a prorated basis.

Management Fees

As compensation for investment supervisory services rendered to the SMAs and Funds, CBRE IM
receives a management fee (the “Management Fee”), which may be calculated based on
committed capital, invested capital, or net asset value, with respect to such SMA or Fund in
accordance with its Organizational Documents. The precise amount of, and the manner and
calculation of, the Management Fee for each SMA or Fund are set forth in such SMA’s or Fund’s
Organizational Documents. The Management Fees and other fees and distributions described
herein are generally subject to modification, waiver or reduction by CBRE IM in its sole discretion.
Unless otherwise agreed with a Fund’s investors, management fees will continue to be payable
during any term extensions.

In certain of the Funds and/or SMAs, the Organizational Documents provide that the Management
Fee with respect to such Fund(s) and/or SMAs is based on the amount of invested capital
associated with the Fund’s or SMAs’ investment(s) in investments that are not, among other things,
permanently written down (such investments, “Impaired Investments”) or with respect to which
the Fund or SMA has completely disposed of its interest (each a “Disposition”). Because
Management Fees for some Funds and SMAs are calculated based on invested capital, the
Organizational Documents do not require any reduction or refund of Management Fees following
any partial realization, dividend, distribution (including those arising from dividend
recapitalizations), reorganization, restructuring, roll-over investment, or similar transactions where
the Fund or SMA has not completely disposed of its interest in the investment, even if the value
of the Fund’s or SMA’s interest has been reduced (including materially reduced) (each a “Recap
Distribution”) or any decrease in value (whether temporary or permanent), in each case except to
the extent such events constitute a Disposition or Impaired Investment. As a result, the
Management Fees in respect of such Funds and/or SMAs generally will not track changes in the
fair value of any individual investment or of a Fund.

The Management Fees paid by a Fund or SMA will generally, subject to the Organizational
Documents of such Fund or SMA, be reduced by a percentage of (1) the fees incurred by CBRE
IM in connection with the organization of such Fund that exceed a limit specified in such Fund’s
Organizational Documents and/or (2) certain Other Fees (as defined and described in more detail
below under “Other Fees”) received by CBRE IM or its affiliates. The amount and manner of such
reduction, if any, is set forth in the Organizational Documents of the applicable Fund. Other fees
(as defined below under "Other Fees") and which include but are not limited to transaction fees)
and other fees, costs and expenses allocated to an investment at the time of the investment
(collectively, "Capitalized Costs") are capitalized into the amount of invested capital contributions
with respect to an investment. Accordingly, to the extent that the Management Fee for a Fund is
calculated based on invested capital contributions, such capitalization will result in an increased
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base. This would increase the amount of Management Fees paid to CBRE IM.

The Organizational Documents generally do not provide for the reimbursement or refund of
Management Fees in the event of Dispositions or Impaired Investments occurring mid–calculation
period.

Certain investors in the Funds that are employees, former employees, business associates and other
“friends and family” of CBRE IM, its affiliates or their personnel (including any related entity
established by any of the foregoing, such as trusts, charitable programs, endowments or related
programs, family investment vehicles and other estate planning vehicles) (collectively, “Adviser
Investors”) will not typically pay Management Fees or carried interest in connection with their
...

Item 7 - Types of Clients

CBRE IM currently provides private markets portfolio management services and investment
solutions to public and corporate pension plans, government entities, banks, investment
foundations, charities, insurance plans and interval funds. Other types of investors CBRE IM
targets to provide services to include endowments, family investment offices, and other
institutional clients. In addition, CBRE IM sponsors Funds, including CGIF. Investment advice is
provided directly to a Fund (subject to the direction and control of the general partner of the Fund)
and not individually to investors in such Fund.

CBRE IM has no minimum account size or other formal requirements for taking on or maintaining
a client investment mandate. CBRE IM, in its sole discretion, may accept or decline any client
account.