Hollyport Capital LLP

Item 5 Fees and Compensation

For services provided to each Fund, the relevant Fund pays us an advisory fee (a percentage based on either
commitments or net asset value).

The following is a general description of fees, compensation, and expenses of the Funds. Differences exist from
Fund to Fund, and not all Funds are charged the same fees, compensation, or expenses. Investors should refer
to each Fund’s governing documents for a complete understanding of how Hollyport is compensated for its
advisory services. The information contained herein is a summary only and is qualified in its entirety by such
documents.

Management Fees - General Partners Share

The General Partner’s Share is generally payable at a headline rate of 1.5% per annum. This is calculated and
payable quarterly in advance.

The table on the following page summarises the fee basis, as well as any size-based discounts, as set out in the
respective LPAs. For the purposes of the foregoing discounts, an investor’s Commitment is aggregated with (i)
the Commitments of any Affiliated Investors, and (ii) the investor’s and any Affiliated Investors’ commitments
to the relevant fund. It should be noted in the case of Fund IX and GP-Led II, the eligibility for discounts also
considers commitments made into the previous vintage of Fund VIII and/or Overage Fund.

  Fund1                                      Fee Basis                                    Headline Rate              > USD 75m               > USD 125m

                          During IP                           Post IP

Fund IX           Commitments                    Lower of:                                           1.500%                  1.375%                   1.250%
                                                 NAV and Commitments

GP-Led II         Commitments                    Invested Capital                                    1.500%                  1.375%                   1.250%

Fund VIII         Commitments                    Lower of:                                           1.500%                  1.375%                   1.250%
                                                 NAV and Commitments

Overage           Net Invested Capital           Invested Capital                                    1.000%

Fund VII          Commitments                    Lower of:                                           1.500%
                                                 NAV and Commitments

Fund VI           Commitments                    Lower of:                                           1.500%
                                                 NAV and Commitments

   The General Partner, starting on the Commencement Date, receives an annual priority share of the
   Partnership’s profits, calculated separately with respect to each investor that is not an “exempt investor”.2

   From time to time, the General Partner’s Share is modified, reduced, waived or rebated at Hollyport’s
   discretion, both voluntarily and on a negotiated basis with selected investors via side letter and other
   arrangements, which will typically not be disclosed to all other investors in the same Fund.

   As applicable, the General Partner’s Share shall be reduced by an amount equal to the GPS Offsets3 in a given
   accounting period.

   Hollyport will be appointed pursuant to an Investment Advisory Agreement. Pursuant to this agreement,
   Hollyport will provide nondiscretionary investment advice to the General Partner in respect of the Partnership
   and its investments in return for an investment advisory fee. The Investment Advisory Agreement will be
   terminable on notice, provided that the General Partner may not terminate Hollyport’s appointment unless
   the General Partner is no longer the general partner of the Partnership. In addition, the Investment Advisory
   Agreement will terminate automatically if:

         i.     the General Partner ceases to be the general partner of the Partnership;
        ii.     the Partnership is terminated; or

   1   Co-invest special purpose vehicles may be charged differing fees.
   2   For example, to the extent that our principals and employees, and their respective family and friends, are Fund investors, they will generally, at
          our sole discretion, pay reduced management fees or none at all. The existence of these arrangements is disclosed in the offering documents
          and LPAs of the relevant Funds.
   3   Defined as the aggregate of excess Establishment Expenses, any Placement Fees paid by the Fund, all relevant Transaction Fees earned and
         retained by the GP / Hollyport.

  iii.   Hollyport ceases to be authorised and regulated by the FCA (or equivalent regulator).

The investment advisory fees of Hollyport will be borne completely by the General Partner and the Investment
Adviser’s appointment will be without further cost to the Partnership and its investors.

Management fees are generally calculated and payable quarterly in advance. Other fees (as described below
in Item 5.C.) are paid either as a result of a capital call notice to investors, as an investment level expense, as a
Fund expense, or are deducted from distributions to investors.

Administrator and Administration Agreement

Apex Group Ltd. serves as the administrator for Funds VI – VIII. Aztec Group serves as the Administrator for
Fund IX; each are authorized and regulated in their respective jurisdictions. The directors of the General Partner
are composed of staff of the Fund Administrators. The Administration Agreements for each Fund outline the
fees payable to each Administrator and are composed of fixed and variable fees. We maintain a fee matrix for
fixed fees for certain functions (e.g., accounting and admin); other functions have variable pricing based on
time spent.

An Administration Agreement is entered into between the Administrator and the General Partner prior to the
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Item 7 Types of Clients

With the exception of employee and affiliate fund vehicles, the Funds limit their respective investors to persons
who are “accredited investors” as defined in the Securities Act of 1933, as amended (the “Securities Act”),
“qualified clients” as defined in the Advisers Act and, in the case of those Funds that rely on the exemption
from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”),
“qualified purchasers” or “knowledgeable employees” each as defined in the Investment Company Act.
Investors in the Funds must generally meet certain suitability and net worth qualifications prior to making an
investment in the Funds (again, with the exception of employee and affiliate fund vehicles). The Funds are not
registered or required to be registered under the Investment Company Act; are not made available to the
general public; their securities are not registered or required to be registered under the Securities Act of 1933;
and Fund interests are privately placed to qualified investors in the United States and elsewhere. The Funds
typically require capital commitments from each investor of at least $150,000, although a Fund’s governing
documents allow for exceptions under certain circumstances.

Investors in the Funds include a broad range of U.S. and non-U.S. investors, including, among others, high net
worth individuals, corporate pension and profit-sharing plans, charitable institutions, foundations,
endowments, municipalities, trust programs and other institutions. In addition, as previously mentioned,
employees and other persons associated with Hollyport and/or its Affiliates are investors in the Funds.