GQG Private Capital Solutions LLC

Item 5. Fees and Compensation

The management fees charged for our investment management services are generally charged
quarterly, in advance. In general, through the end of a fund’s commitment period, management
fees are equal to 1.75% of aggregate capital commitments. After the commitment period of a
fund, the annual management fee will generally be equal to 1.50% of invested capital. Fees for
clients are negotiated on a case-by-case basis for each client. A description of expenses a fund
will bear, which include the fees paid to us for advisory services, are set forth in the fund’s
applicable governing documents. Under certain circumstances, we may reduce or waive the
management fees for certain clients and/or certain fund investors, which may be agreed to
separately and on different terms with such clients and fund investors.

We may provide our investment management services to certain “qualified clients” for a
performance-based fee in accordance with the requirements of Rule 205-3 of the Investment
Advisers Act of 1940, as amended (“Advisers Act”), and with respect to certain clients and/or
certain fund investors, we may waive performance fees, which may be agreed to separately and
on different terms with such clients and fund investors. While the specific terms of these
arrangements are negotiated with each client, and, in the case of fund clients, are set forth in the
applicable governing documents, we generally will charge our fees based upon a percentage of
the value of the assets being managed (“management fee”) and, if applicable, we will charge an
additional fee based on the performance of the account (“performance-based fee”).

Please see Item 6. Performance-Based Fees and Side-by-Side Management, below, for more
information on potential conflicts arising from performance-based fees.

Item 7. Types of Clients

PCS generally provides advice to pooled investment vehicles whose interests are offered in
reliance upon various exemptions available under the securities laws for privately offered
securities. Individual interests in a fund are offered only to qualified investors that meet certain
criteria and suitability requirements. Individual fund investors are not clients of PCS and do not
receive discretionary advisory services or investment advice.

To the extent applicable we or our service providers may collect identification documentation
and conduct other identification verification procedures, including screening clients against
multiple jurisdictional sanction lists, such as the Specifically Designated Nationals and Blocked
Persons list maintained by the U.S. Department of the Treasury’s Office of Foreign Asset Control
(OFAC).

For more information on our advisory relationships, please see Item 10. Other Financial Industry
Activities and Affiliations, below.