LGT Capital Partners USA Inc

Item 5 – Fees and Compensation

LGT CP Pfaeffikon
The specific manner in which fees are charged to LGT CP Pfaeffikon is established pursuant to a written
agreement between LGT CP USA and its affiliate.
LGT CP USA charges an annual fee for the investment advice it provides to LGT CP Pfaeffikon based upon
the estimated time, costs and expenses incurred by LGT CP USA in connection with the provision of such
advice, plus an additional annual fee, for advice relating to structuring, managing and administering of LGT
Investment Vehicles available to U.S. investors and communicating and maintaining relationships with the
U.S. investors in accordance with applicable laws, rules, and regulations.
LGT CP USA is entitled to pass on certain costs invoiced to it by third parties to LGT CP Pfaeffikon,
provided such costs can be ascertained, substantiated, and verified.
LGT CP Pfaeffikon and the LGT Investment Vehicles advised by it bear their own expenses in connection
with their investment activities, which may include their proportionate share of the expenses of the
investment vehicles or accounts in which they invest. These expenses include, but are not limited to,
management and performance fees, as well as the legal, accounting, administration and tax expenses
incurred by such investment vehicles or accounts.
LGT CP USA does not require or solicit fees from LGT CP Pfaeffikon in advance of services.

Commingled Funds, Customized Funds, and SMAs
Management and performance fees are set forth in each applicable Fund’s offering memorandum, limited
partnership agreement, and side letters, if any (together and inclusive of investment management agreements
and related constitutional documents, the “Fund Governing Documents”). LGT CP USA is entitled to
some or all of the following fees from the Funds in connection with the investment advisory or management
services:
       an annual fund management fee (the "Management Fee"), generally paid quarterly in advance and
        typically calculated on commitment capital during the investment period and on invested capital
        thereafter;
       a performance fee (the "Performance Fee") calculated as a share of a portion of actual distributions.

Management fees and performance fees for Customized Funds and/or SMAs are negotiated on a case-by-
case basis with the investor.
Any refunds on pre-paid fees will be made on a pro-rata basis as determined by LGT CP USA in its sole
discretion in accordance with the terms of any applicable Fund Governing Documents.
Fees for investment monitoring services are negotiated on a case-by-case basis and depend on the range of
services provided to the Client and overall business relationship with the Firm or its affiliates. LGT CP
USA, by virtue of its beneficial ownership of certain Funds, has an ownership interest in the Management
Fees and Performance Fees paid by such Funds.
The General Partner of the Fund is entitled to share in the capital appreciation or profits of the applicable
Fund. The General Partner may, at its discretion, directly or indirectly, make an investment in the Fund and,
therefore, participates pro rata in the investments of the Fund in accordance with its capital account therein.
Certain investors, employees, or former employees of LGT CP USA invest in the Funds and/or LGT
Investment Vehicle(s), managed or advised by the Firm, on a fee-free basis or at fee rates that are lower
than those charged to other investors. Some of the senior employees investing in the Funds and/or LGT
Investment Vehicle(s) may include members of the investment committees and portfolio managers
responsible for investment decisions with respect to the Funds.
From time to time, an investor in a Customized Fund or SMA may also indirectly invest in the LGT
Investment Vehicle(s) advised by the Firm’s affiliates. To the extent that such commitments by the
Customized Fund or SMA to an underlying LGT Investment Vehicle(s) are made on a full fee-paying basis,
the fees that would otherwise be payable to LGT CP USA in connection with certain underlying investments,
will be waived or discounted, such that the investor does not incur additional fees as a consequence of the
relevant underlying investment.
Certain Clients, including but not limited to Customized Funds, do not pay management fees. Whether a
Client is exempt from these fees is determined through prior negotiations and depends on various factors,
including but not limited to, the overall fee arrangement, the investor’s relationship with LGT CP, or account
size.
LGT CP USA and its supervised persons do not accept compensation for the sale of securities or other
investment products, including asset-based sales charges or service fees in connection with Fund
investments.

Fund Expenses
Each Fund bears expenses (directly or by reimbursing LGT CP USA or its affiliates) which vary from Fund
to Fund, as provided in the Fund Governing Documents. Such expenses generally include, without
limitation, the Management Fee for the applicable Fund, the fees and expenses paid to a Fund’s
administrator, accounting, tax, auditing, legal (which may include internal legal expenses, where allowed
by the applicable governing documents), consulting, insurance, and other professional fees and expenses,
custodial, brokerage commissions, fees and expenses relating to the assessment and monitoring of
investments and prospective investments – including expenses related to potential transactions that are not
ultimately consummated (including but not limited to meals, lodging and travel expenses), the interest

expense and fees associated with credit facilities, expenses of the advisory committee of a Fund,
administrative expenses, organizational expenses, etc. For a full description of the fees and expenses
borne by each Fund, please see the applicable Fund’s Governing Documents.
The Firm’s affiliated administrator (the “Administrator”) receives a fee from certain Funds in respect of
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Item 7 – Types of Clients
LGT CP USA provides investment advisory services to its affiliate, LGT CP Pfaeffikon, in connection with
LGT Investment Vehicles advised by LGT CP Pfaeffikon.

LGT CP USA also provides investment management and investment advisory services to onshore and
offshore Commingled Funds, Customized Funds, and SMAs as described in Item 4 above. Certain Funds
are operated as investment pools exempt from registration under the Investment Company Act of 1940, as
amended. The investors in the Funds are institutions or other entities (including governmental or corporate
pension plans, investors regulated under ERISA, trusts, estates, universities, charitable organizations, and
other business entities).
The minimum initial subscription amount for investing in the Commingled Funds is set forth in the
Commingled Fund’s respective Fund Governing Documents and are generally subject to change at the
discretion of a Commingled Fund’s general partner. The minimum amount of investment required to set-up
a Customized Fund or SMA is considered on a case-by-case basis taking into account a variety of factors
including fee structure, investment restrictions, and duration of commitment.