Harrison Street Private Wealth LLC

ITEM 5: FEES AND COMPENSATION

HSPW receives compensation for serving as the investment adviser to the Registered Funds. The fees for
such services are charged at an annual rate as a percentage of the assets of each Registered Fund. Currently,
the annual rate applied ranges between 0.55% and 1.15%, as disclosed in the Prospectus for each Registered
Fund. The fees accrue daily on the average daily net asset value of each Registered Fund and are paid
quarterly in arrears out of the assets of each Interval Fund and monthly in arrears out of NFRX.

Investors in VCMIX pay sub-advisory fees for the portion of the Fund managed by Sub-Advisers. In addition,
investors in the Registered Funds bear certain expenses related to the operations of each Fund. These
expenses include, but are not limited to, administrative, organizational, research and investment related
expenses, such as brokerage commissions, legal fees, director’s fees, accounting fees, audit fees and other
professional fees and expenses, and, for the Interval Funds, indirect fees and expenses of the underlying
Private Funds, arrangement and monitoring fees related to Private Debt investments, and fees for maintaining
and utilizing a line of credit. These expenses are typically accrued daily and incorporated in the Registered
Fund’s share price. For additional detail on these fees and expenses, please refer to the Prospectus of each
Registered Fund. For additional information on the Company’s brokerage practices, please refer to Item 12:
Brokerage Practices in this brochure.

HSPW does not currently receive any compensation for serving as the investment adviser to the three PIFs.
Each PIF does, however, bear the custodial and trustee fees associated with the ongoing management of each
fund. Also, because each PIF invests primarily in unaffiliated mutual funds, they will share in the underlying
management, trading and administrative expenses of each mutual fund in which they are invested.

ITEM 7: TYPES OF CLIENTS

The Interval Funds are generally sold to (i) institutional investors, including registered investment advisers,
banks, trust companies or similar financial institutions investing for their own account or for accounts for
which they act as a fiduciary and have authority to make investment decisions (subject to certain limitations)
and clients of such institutional investors that have accounts for which such institutional investors are bound
by an applicable fiduciary standard, and (ii) the executive officers, directors, general partners, or employees
of the Interval Funds or the Company. The minimum initial investment per institutional investor in each
Interval Fund (including, with respect to clause (i) above, cumulative investments of the clients of any
institutional investor of an Interval Fund) is $10 million and the minimum for those investors defined by
clause (ii) above is $10,000. The Company has the authority to waive the minimum investment requirements
or allow investors in the Interval Funds who do not fit the above descriptions under certain circumstances.
There is no minimum amount for subsequent purchases of shares.

While the Company generally markets NFRX to the same institutional investor audience described above,
NFRX does not have any investment minimums and is generally available to eligible retail investors.

Please refer to the relevant Prospectus for detailed information on the requirements to invest in each
Registered Fund.

As discussed above, HSPW provides investment advice to three PIFs and the Registered Funds. The PIFs no
longer accept new investors.