HGGC LLC

Item 5.    Fees and Compensation

As compensation for investment advisory services rendered to the Main Funds, the continuation
fund and potentially certain co-investment vehicles, the Adviser or its affiliate receives from each
such Fund an advisory fee or management fee (each, an “Advisory Fee”). Advisory Fees paid are
borne by investors in the relevant Funds (including Feeder Vehicles). Advisory Fees for HGGC's
flagship funds (excluding non-fee paying parallel funds, certain co-investment vehicles and the
continuation fund) are typically equal to 2% on an annual basis of aggregate investor capital
commitments, subject to certain fee breaks for investors meeting certain conditions and to waivers
or reductions by the Adviser as discussed below and further specified in the Governing Documents.

As noted above and is generally the case in private equity funds, the Governing Documents provide
that a Fund’s Advisory Fees will be calculated and charged on a basis that generally is not tied to
the Fund’s then-current net asset value. As further specified in the Governing Documents, from
the effective date of the relevant Fund until a date specified in the Governing Documents (the
“Stepdown Date”), Advisory Fees generally will be charged based on a formula tied to the amount
of the relevant Fund’s aggregate commitments. Further, after the Stepdown Date, Advisory Fees
generally will be charged and calculated based on a formula tied to the amount of investment
contributions (including where applicable, a Fund borrowing component (including interest
expenses) and the amount of any capitalized transaction fees or expenses, including Transaction
Fees (as defined below) or expenses and/or fees and costs of Capital Advisers (as defined below)
paid in advance or arrears) made by the relevant Fund relating to the Fund’s aggregate
investments(s) in any portfolio company that have not been realized or completely written off with
no ongoing monitoring by the relevant general partner (such completely written off investments,
“Impaired Value Investments”).

Under the Governing Documents, where the fair market value of the remaining investments in a
portfolio company exceeds the total amount of existing and former investment contributions
relating to such investment, post-Stepdown Date Advisory Fees will not be calculated based upon
such appreciated value and will instead continue to be calculated based on the amount of applicable
investment contributions. Conversely, the Governing Documents do not require Advisory Fees to
be reduced or refunded following the occurrence of a write-off, decrease (including a significant
decrease) in fair value or other event not constituting a complete realization, such as a partial sale
or disposition, reorganization, recapitalization (including recapitalizations involving dividends),
roll-over investment in connection with a sale or dividend distribution, except in the case of
investments that have been fully realized or meeting the relevant Impaired Value Investment
standard under the Governing Documents. For the avoidance of doubt following the Stepdown
Date, if as of the date of any disposition or write-off the fair market value of the remaining
investments in a portfolio company that has not been fully realized or is an Impaired Value
Investment is less than the aggregate amount of existing and former investment contributions in
such portfolio company, then the amount of Advisory Fees otherwise payable with respect to such
portfolio company will be reduced solely based on the ratio of the fair market value of the
remaining investment(s) in such portfolio company as compared against the amount of total
investment contributions relating to all existing and former investment(s) in such portfolio
company. Due to differences in the criteria set forth in their respective Governing Documents, in
the event where more than one Fund participates in an investment, there is the possibility that an
investment will become an Impaired Value Investment for purposes of one Fund’s Governing

Documents but not those of one or more other Funds. In such situation, the applicable Advisory
Fee calculation for such investment may differ between or amongst participating Funds.

As a result, and as is generally the case for private equity funds, the amount of Advisory Fees
generally will not correspond with fluctuations in the net asset value of individual investments or
of a Fund, including following the relevant investment period, and will not be reduced in
connection with any write downs (whether temporary or permanent), except in the case of Impaired
Value Investments. Except where the Governing Documents expressly provide to the contrary,
Advisory Fees will not be reduced (in whole or in part) in the case of partial sales or dispositions,
distributions (e.g., those resulting from dividend recapitalization) or reorganizations,
restructurings, roll-over investments, extraordinary dividends or similar transactions in each case
in circumstances that do not result in the complete disposition of the relevant Fund’s interest
therein, and even in cases where the value of the Fund’s investment or the Fund’s ownership
percentage in such investment has been reduced (including substantially reduced) as a result of
such transaction.

In many circumstances, the post-Stepdown Date Advisory Fee base will include capitalized
transaction-specific fees and expenses of unrealized investments, including certain fees (such as
for Transaction Fees (as defined below)) and expenses paid to Service Providers (as defined in
Item 11 below), the Adviser or its affiliates. Further, Advisory Fees generally will not be
reimbursed or refunded under the Governing Documents in the event of realizations, dispositions
or partial write downs or write-offs that occur partway through the relevant calculation period.

The Governing Documents set forth the full list of terms under which Advisory Fees will be
...

Item 7.    Types of Clients

The Adviser currently provides investment advisory services to the Funds, and references
throughout this Brochure to “clients” and to the Adviser’s related duties to and practices on behalf
of its clients and/or investors should be construed accordingly. Investment advice is provided
directly to the Funds (subject to the direction and control of the general partner of each such Fund,
if applicable) and not individually to investors in such Fund.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in the Funds are generally “qualified purchasers” or
“knowledgeable employees” as defined in the 1940 Act, and may include, among others, high net
worth individuals, banks, thrift institutions, pension and profit sharing plans, trusts, estates,
charitable organizations, university endowments, sovereign wealth funds, family offices,
corporations, limited partnerships and limited liability companies or other entities, employees of
the Adviser (and their affiliated estate planning vehicles and members of their families) and Capital
Advisers, VET members or other Service Providers retained by the Adviser, or a Fund, as well as
executives of portfolio companies.

The Funds typically include alternative investment vehicles established in order to permit one or
more investors to participate in one or more particular investment opportunities in a manner
desirable for tax, regulatory or other reasons. Alternative investment vehicle sponsors generally
have limited discretion to invest the assets of these vehicles independent of limitations or other
procedures set forth in the organizational documents of such vehicles and the related Fund.

The Adviser does not have a minimum size for a Fund, but minimum investment commitments
may be established for investors in the Funds. The general partner of each Fund has the right in its
sole discretion to permit investments below the minimum amounts set forth in the offering
documents of such Fund.