Nestgsv Investment Management LLC

Item 5 – Fees and Compensation

A. Management Fees
HMC Private Funds are subject to a management fee (“Management Fee”), based on a
percentage of committed capital or invested capital (typically ranging from 0.75% to 1.5%),
payable (called capital) on a quarterly basis in advance and prorated for any period that is less
than a full three-month period. Management Fees may include step-down provisions following a
defined investment period and/or capped durations. Specific fee rates, calculation methodologies,
and payment terms are set forth in the Governing Documents of each HMC Private Fund and may
vary materially by fund. Management Fees may also vary among Investors of the same fund,
pursuant to Side Letters.

B. Other Fees and Expenses
In addition to the Management Fee, HMC Private Funds generally bear their own expenses in
accordance with the terms of their respective Governing Documents. Such expenses may include:

    •   Organizational Expenses: All legal fees and other out-of-pocket expenses incurred in
        the formation of each HMC Private Fund and general partner, as well as the offering of
        fund interests, if applicable.

    •   Operational Expenses: All fees, expenses, and liabilities in connection with HMC Private
        Fund investment activity, operations and administration, financial reporting and financial
        statement audits, tax preparation and obligations, legal matters, and extraordinary
        expenses, including litigation and indemnification.

    •   Liquidation Expenses: All fees, expenses, liabilities, and obligations incurred in
        connection with the winding up and final liquidation of the HMC Private Fund and general
        partner.

HMC Capital US generally bears its own operating, administrative, and overhead expenses
incurred in connection with managing HMC Private Funds.

If HMC Capital US determines that expenses were incurred for the benefit of more than one HMC
Private Fund, the Firm will allocate such fees and expenses in a manner it believes in good faith
to be fair and equitable, but in its sole discretion. The allocation may not be proportional, as the
expense terms may vary across HMC Private Funds according to the Governing Documents of
each fund.

The information provided here is summary in nature and qualified in its entirety by the Governing
Documents of each HMC Private Fund.

C. Portfolio Fund Fees
In addition to the management fees and performance-based fees (as discussed in Item 6 –
Performance-Based Fees and Side-by-Side Management) charged by HMC Private Funds,
the Portfolio Funds typically charge management fees, performance-based fees and other fees

HMC Capital US                                                         Form ADV Part 2A — Firm Brochure

and expenses in connection with each applicable HMC Private Fund investment, which are borne
indirectly by HMC Private Fund investors.

D. Prepaid Fees
HMC Capital US does not require or solicit prepayment of fees more than six months in advance.

E. Compensation for Sales of Securities
Neither the Firm nor its supervised persons accept compensation for the sale of securities or other
investment products, including asset-based sales charges and service fees associated with the
sale of mutual funds.

HMC Capital US                                                           Form ADV Part 2A — Firm Brochure

Item 7 – Types of Clients

The Firm’s Clients are the privately offered pooled investment vehicles it manages (i.e., the HMC
Private Funds). HMC Capital US does not currently provide investment advice directly to the
underlying investors in the HMC Private Funds or to investors outside the funds it manages.

Interests in HMC Private Funds are offered only to investors who meet applicable eligibility
requirements of each fund according to its Governing Documents, including but not limited to
qualifying as “Accredited Investors” under the Securities Act of 1933, as amended (the
“Securities Act”), “Qualified Purchasers” under the Investment Company Act of 1940, as
amended (the “Investment Company Act”), and “Qualified Clients” under the Investment
Advisers Act of 1940, as amended (the “Advisers Act”).

Each HMC Private Fund may have a minimum investment threshold according to its Offering
Documents, which the Firm or the relevant general partner may waive or reduce in its discretion.
The stated minimum commitment is generally $1,000,000.

HMC Capital US                                                          Form ADV Part 2A — Firm Brochure