Eldridge Credit Advisers LLC

ITEM 5 – FEES AND COMPENSATION

The Adviser receives a management or advisory fee (a “Management Fee”) from each Advisory
Client. For the Funds, the Adviser or its related parties may also receive performance-based
compensation (“Incentive Fee”), which may be in the form of carried interests or incentive fees. The
Adviser does not maintain a fixed fee schedule for Advisory Clients. Management and Incentive
Fees are negotiable and vary across Clients based on the type of services provided, size of the
account, and the overall relationship between the Adviser and the Advisory Client; the timing and
manner of payment, is established on a case-by-case basis and set forth in the applicable Fund
Agreement or Investment Management Agreement.

Fees charged may vary among investors in the same Fund and the Adviser, at its sole discretion, can
elect to reduce, rebate, waive or calculate differently the fees with respect to any Client, SMA or
investor in a Fund. Certain Fund and Investment Management Agreements permit the Adviser to
waive or reduce the Management Fee. Certain waived portions of the Management Fee are treated
by such Fund Agreement as a deemed capital contribution by the relevant General Partner, which
is effectively invested in the relevant Fund on such General Partner’s behalf and operates to reduce
the amount of capital such General Partner would otherwise be required to contribute to the Fund.
Limited Partners of an applicable Fund will generally be required to make a pro rata contribution
according to their respective commitments to fund any contribution that would otherwise be
required of the General Partner in connection with any such waiver or reduction as described above
and, as a result, the exercise of such waiver may result in an acceleration (or delay) of investor
capital contributions. Waived or reduced Management Fees are not subject to the Management
Fee offsets described below, and the amount of such waived or reduced Management Fees has the
potential to be significant.

The Adviser or its related parties typically also receive additional compensation in connection with

management and other services performed for Client portfolio companies or with respect to
investments, including, without limitation, monitoring, consulting, directors’, agent,
administrative, transaction, syndication, origination, closing, undrawn commitment, breakup,
anniversary, documentation, amendment and prepayment fees, (collectively, “Third-Party Fees”),
in each case to the extent permitted in the applicable Fund Agreement or Investment Management
Agreement. Clients also bear certain expenses, as further described below.

Investors should review the applicable Governing Documents or Indenture or Collateral
Management Agreements, as applicable, for further details regarding the fee structures
summarized below. Terms not defined herein are defined in the applicable Fund Agreement,
Investment Management Agreement, Indenture or Collateral Management Agreement. To the
extent there is a deviation between the general descriptions provided in this brochure and the
provisions and disclosures in any Memorandum, Fund Agreement, Investment Management
Agreement, Indenture or Collateral Management Agreement applicable to a particular Client, the
terms of the applicable Memorandum, Fund Agreement, Investment Management Agreement,
Indenture or Collateral Management Agreement shall govern.

CLO Fees

As set forth in the Governing Documents of each CLO, the Adviser receives, to the extent that
funds are available, a senior collateral Management Fee, a subordinated Management Fee and
Incentive Fees, each payable on each payment date or, in the case of the senior Management Fee
and the subordinated Management Fee, to the extent there are not sufficient funds available
therefore on such payment date, on a subsequent payment date. The senior Management Fee and
subordinated Management Fee will accrue with interest if unpaid and will be payable on the next
payment date on which funds are available. The Incentive Fees are payable to the Adviser or its
related parties, to the extent funds are available for such purpose, and will not be payable on any
payment date or redemption date unless the CLO Equity has achieved the internal rate of return
(“IRR”) thresholds set forth in the Indenture, Letter Agreement or Collateral Management
Agreement, or if permitted by the governing documents of the applicable CLO, as otherwise
agreed with the holders of the CLO Equity and/or variable dividend notes, as applicable. Fees
are negotiated on a case-by-case basis and, as such, there will be no set CLO fee schedule.

Separately Managed Account Fees

Separately Managed Account fees are negotiated on a case-by-case basis and vary across Clients
based on the type of service provided, size of the account and the overall relationship between
ECA and the Client. Such fees will be set forth in the applicable Governing Documents.

Other Fee Information

The Adviser and its related parties receive certain Third-Party Fees in connection with services
provided to the Funds’ portfolio companies or with respect to investments. Certain Third-Party
Fees will be apportioned among the Adviser, its related parties, and its Clients, as set forth in the
Fund Agreements or Investment Management Agreements. Such apportionment, if any,
potentially could take the form of a reduction of such Client’s Management Fees or a direct credit

to such Client. To the extent such fees are paid where multiple Clients or other investment
vehicles managed by the Adviser have invested, a Client will, in most cases, only benefit with
respect to its allocable portion of any such fee (and only to the extent provided in the applicable
Fund Agreement or Investment Management Agreement) and not the portion of any fee that
relates to such other Clients or co-investors or other parties such as lenders or consultants that
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ITEM 7 – TYPES OF CLIENTS

As described in Item 4, the Adviser’s Clients are Funds, CLOs, Separately Managed Accounts and

Internal Affiliated Vehicles. Funds generally include pooled investment partnerships or other
investment entities formed under U.S. or non-U.S. laws excluded from the definition of
“investment company” in the Investment Company Act of 1940, as amended (the “Investment
Company Act”). Investors in the Adviser’s Clients include individuals, banks or thrift institutions,
insurance companies, other investment entities, university endowments, sovereign wealth funds,
family offices, pension and profit-sharing plans, trusts, estates or charitable organizations or other
corporations or business entities. In addition, principals or other personnel, including members of
their families, of the Adviser and its affiliates are investors in the Clients.

Fund investors generally are accredited investors (as such term is defined in Regulation D
promulgated under the Securities Act of 1933). In addition, for most Funds, investors are required
to be qualified purchasers (as defined in the Investment Company Act). In the case of Notes issued
by CLOs, investors are required to be either qualified purchasers or non-U.S. persons (as such term
is defined in Regulation S promulgated under the Securities Act). Minimum investment amounts
for Funds are set forth in the applicable client documentation. Minimum investment amounts and
investor qualification standards for Separately Managed Accounts and other Clients are
determined on a case-by-case basis considering the nature of the investment strategy and
investment objectives. There is no set minimum amount for Separately Managed Accounts and
such amounts could vary. In addition, subject to the terms and conditions of the applicable Fund
Agreements or Investment Management Agreements, ECA reserves the right, in its discretion, to
waive minimum investment amounts in certain circumstances.