HPE Capital Management II LLC

Item 5 - Fees and Compensation

In general, HPE CM II and HPE CM II Member Entities receive a management fee and/or carried interest
allocation in connection with its investment advisory services. Carried interest allocations are described in

Item 7 – Types of Clients

HPE CM II provides investment advisory services to pooled investment vehicles operating as private
investment funds, currently six hybrid private equity fund-of-funds. Participation in the HPE Funds via capital
commitments and limited liability company or limited partnership interests are only offered and sold to
institutional LPs and certain high net-worth individuals that are “accredited investors” and / or “qualified
purchasers” depending on the fund, as defined in the Securities Act of 1933, as amended, and are either
“qualified clients,” as defined by the Advisors Act or “qualified purchasers” or “knowledgeable employees” as
defined by the Investment Company Act of 1940, as amended. Prospective Investors should refer to the
Offering Documents of the Fund for information on minimum investment requirements. Typically, the Firm
will require a minimum investment of $1,000,000, although, the Firm maintains discretion to individually
waive, increase or reduce the minimum investment required. Admission to the HPE Funds is not open to the
general public.

The Limited Partners participating in the HPE Funds include a broad range of US individuals, investment
entities, trusts, and other corporations or business entities controlled by individuals. As of April 0, 2026, the
HPE Funds have three institutional LPs: two insurance companies and a private family foundation.