Halle Capital Management LP

Item 5.        Fees and Compensation

The Adviser is entitled to receive management fees, carried interest, and other additional
compensation from portfolio companies in connection with its advisory services, as described in
the Funds’ Governing Documents.

Management Fees

Private Fund Fees

As compensation for its services the Adviser receives management fees from each Private Fund,
as described in each Private Fund’s Governing Documents (the “Management Fee”). The
Management Fee is paid quarterly in advance and is prorated for any partial periods. During a
Private Fund’s investment period, the Management Fee is calculated based on a percentage of the
Private Fund’s committed capital. After the investment period ends, a Private Fund’s Management
Fee is based on a percentage of invested capital. The Adviser has the ability to reduce, waive,

Halle Capital Management LP                                                        Form ADV Part 2A

assign, participate or share the management fee payable with respect to certain investors. The
Adviser also receives a performance-based fee, which is described in more detail in Item 6 below.

Co-Investment Fund Fees

The Adviser is paid Management Fees by the Co-Investment Funds as described in each Co-
Investment Fund’s Governing Documents. The Management Fee is paid quarterly in advance and
is prorated for any partial periods. The Management Fee equals a percentage of unreturned capital
contributions. Management Fees payable by investors in a Co-Investment Fund are not offset by
any Transaction Fees (as defined below) received by the Adviser or its affiliates from portfolio
companies.

Transaction Fees

In addition to the Management Fee and Performance Fee, the Adviser is entitled to receive certain
fees from portfolio companies including directors’ fees from portfolio companies, transactions
fees, closing fees, monitoring fees, amendment fees, break-up fees, structuring fees, or any other
similar advisory fees in connection with any services provided by the Adviser or its affiliates to a
portfolio company (“Transaction Fees”). The Management Fee of certain Funds may be offset or
reduced by a portion of Transaction Fees if any, received from portfolio companies by the Adviser
or its affiliates (the “Transaction Fee Offset”). The amount of the offset, if applicable, will vary
based on the disclosures in the applicable Fund’s governing documents. If the Transaction Fee
offset exceeds the Management Fee otherwise payable during any relevant quarterly period, the
excess will be carried forward to offset and reduce the Management Fees otherwise payable in
succeeding quarterly periods. In the event that a Transaction Fee is received as non-cash
compensation (e.g., issuance of convertible notes and/or shares), the Adviser will determine how
best to value the non-cash compensation to the Advisor for purposes of the offset. To the extent
there is no Transaction Fee Offset under a particular Fund’s Governing Documents, the Adviser
will be incentivized to enter into transactions that result in the Adviser receiving Transaction Fees,
even if such transactions would not be in the best interest of the Fund. Please see each Fund’s
Governing Documents for a detailed description on the application of the Management Fee offset.

Carried Interest

The GP/MM of each of the Funds receives a carried interest allocation from the investors of such
Fund as further described in Item 6 – Performance-Based Fees and Side-By-Side Management.

Expenses

The Funds bear certain expenses as outlined in the Governing Documents. Please review the
Governing Documents for a detailed description of the expenses each Fund will bear.

Generally, Fund expenses include organizational and other ongoing expenses. Organizational
expenses generally include all out-of-pocket expenses incurred by a Fund or on its behalf in
connection with the organization of the Fund and the offering of investor interests, including legal
and accounting fees, printing costs, fees and expenses related to the negotiation of other
agreements with investors, marketing, travel, and other expenses. A Fund’s ongoing expenses
generally include legal, accounting (including external accounting and valuation expenses),

Halle Capital Management LP                                                       Form ADV Part 2A

auditing and other professional expenses, tax preparation and other tax related expenses (including
preparation costs of financial statements, tax returns and reports to Partners), administrator and
other service provider fees and expenses, expenses incurred in connection with the activities of a
Fund’s Advisory Committee, insurance expenses (including directors’ and officers’ insurance,
errors and omissions insurance, fidelity insurance and other similar policies), expenses associated
with reporting to existing and prospective partners, expenses of regulatory filings and reporting
(including but not limited to Form PF, Section 13 and Section 16 filings) to the extent they are in
connection with, relate to or derive from a Fund or its investment activities, fees and expenses
related to the negotiation of agreements with partners, including side letters, expenses incurred in
connection with investments and prospective investments (and evaluating those investments)
whether or not consummated, including, without limitation, research products and services,
research travel-related costs and expenses, retainers to third party consultants/advisors, research
reports and consultations (including, without limitation, expert consultants and third party
consultants/advisors), statistical data, market data and portfolio management analytics and
software, including, without limitation, third-party electronic data storage and processing related
to research, all transaction and investment-related costs and fees, including, without limitation,
...

Item 7.        Types of Clients

Halle provides advice directly to our Fund clients and not individually to investors in any Fund.
Investors in the Funds are generally institutions investors, endowments, foundations, family
offices, and high net worth individuals. The Adviser generally requires a minimum investment
amount of $1,000,000 for Private Funds. However, any minimum investment amounts for a Fund
may be waived at the Adviser’s discretion.