FCP Fund Manager LP

Item 5 – Fees and Compensation

Management Fees

The Adviser receives compensation from each FCP Fund and the Managed Account pursuant to
the terms of the management agreement with the applicable Client. Each management agreement
specifies the amount of the Adviser’s management fees and the method by which the fees will be
calculated. The fees are also stated in each FCP Fund’s Partnership Agreement or Managed
Account’s management agreement.

The Adviser charges annual management fees that are generally based on a percentage of
committed or invested capital. The Adviser’s management fees are paid quarterly (either in
advance or in arrears) based on the management fee calculation method and timing and can be
charged to investors via a capital call or deducted from the assets of each Client at the Adviser’s
discretion as described in the applicable management agreement and the Partnership Agreement
of each Client.

Other Fees

Pursuant to the provisions of the respective Partnership Agreements, the FCP Funds make carried
interest distributions to entities organized by FCP, such as the sponsor or limited partner of the
FCP Funds, to allow the Principals and certain employees of FCP to participate in the capital
investments in the FCP Funds and to receive the carried interest. The carried interest is calculated
as a percentage of the investment proceeds otherwise allocable to the limited partners of the FCP
Funds, after each limited partner has received distributions equal to the capital contributed to the
applicable FCP Fund and preferred return on such amounts, as disclosed in the Partnership
Agreement of each FCP Fund.

FCP Funds currently retain affiliates of the Adviser to provide related services with respect to the
FCP Funds’ real estate investments (including leasing, construction management, property
management and other property-related services). The charges incurred by the FCP Funds in
connection with such services must be at rates set forth in the applicable FCP Fund’s Partnership
Agreement or approved by the advisory committee of the applicable FCP Fund. In addition, in the
ordinary course of business, affiliates of FCP incur third party expenses on behalf of FCP Funds,
which are reimbursed on a periodic basis. The respective Partnership Agreement for each FCP
Fund sets forth expenses that are eligible for fund expenses.

Each FCP Fund bears its own organizational and ongoing operational expenses as set forth in each
FCP Fund’s Governing Fund Documents.

The Managed Account will pay required upfront fees, exit fees and pursuit costs as set forth in the
investment management agreement.

Neither the Adviser, nor any of its supervised persons or affiliates, accept compensation for the
sale of securities.

Part 2A of Form ADV: Brochure                                         Federated Hermes FCP Manager, LLC

Each FCP Fund’s Governing Fund Documents and the Managed Account’s investment
management agreement include further details on fees, compensation and related matters.

FCP’s employees invest in or co-invest alongside certain Clients. In certain instances, such
employees will receive preferential terms in connection with their investment in or co-investment
alongside a Client. Preferential terms received by employees, among others, include reduced or
eliminated management fees and/or carried interest/incentive allocation fees. FCP employees will
generally bear their pro rata share of other Client expenses as set forth in the applicable constituent
documents.

Part 2A of Form ADV: Brochure                                        Federated Hermes FCP Manager, LLC

Item 7 – Types of Clients

The Adviser provides investment advisory services to a Managed Account and the FCP Funds, the
private real estate investment funds that principally invest in projects such as those described in
Item 4 of this brochure. Each Client is a qualified purchaser under the Investment Company Act
and an accredited investor under Regulation D of the Securities Act. Investors in the FCP Funds
are all “accredited investors” under Regulation D of the Securities Act and some are qualified
purchasers under the Investment Company Act. The minimum capital commitment for each FCP
Fund is set forth in the respective FCP Fund’s Governing Fund Documents.

Part 2A of Form ADV: Brochure                                         Federated Hermes FCP Manager, LLC