Patricof Co LLC

Item 5.      Fees and Compensation

The Adviser’s fees and compensation will be fully detailed in each Fund’s Governing Documents, but a
brief description of the Management Fees, Carried Interest, and Expenses generally charged to the Funds
and received by the Adviser can be found below.

Management Fees

Patricof Co LLC                                                                              Form ADV Part 2A

Beginning in August 2023, in connection with the Adviser’s most recent Fund and for all subsequent of
the Adviser’s Funds, the investors are charged, or will be charged, an organization fee (the “Organization
Fee”) equal to 1% of invested capital and an administration fee (the “Administration Fee,” collectively
with the Organization Fee, the “Management Fee”) equal to 2% of invested capital. Each investor shall
contribute the full Management Fee to the applicable Fund upon the closing date (such contribution, the
“Management Fee Contribution”). The applicable portion of the Management Fee with respect to an
investor shall be paid from the applicable Fund to the Adviser in four quarterly installments out of the
investor’s Management Fee Contribution, with each installment paid quarterly, but not necessarily
calendar quarterly, in advance commencing on the date of the applicable investor’s closing date and
continuing until the one-year anniversary thereof.

Once paid from the Fund to the Adviser, the Management Fee is generally non-refundable; provided,
however, if the Fund is liquidated prior to the one-year anniversary of the admission of a particular
investor, then such investor shall receive a pro-rated refund of the Management Fee based on the number
of days remaining in such twelve-month period. The Adviser may waive, reduce, modify or, with investor
consent if applicable, calculate differently either the Organization Fee and/or the Administration Fee for
one or more investors (including Affiliates of the Adviser and/or the investor and employees thereof)
without notice to or the consent of the investors. Payment of the Management Fee may be deferred at
the discretion of the Adviser. Any unpaid balance of the Management Fee will accrue as a liability of the
Fund as a Fund expense. Such accrued but deferred Management Fees will not accrue interest. The Fund,
with the consent of the Adviser, may also pay all or a portion of the Management Fee to any third party.

For certain Funds organized prior to August 2023, investors were charged a total Management Fee,
subject to adjustment or modification through side letter agreements with the Adviser or Managing
Member, ranging from approximately 0.75% to 3% of invested capital on either an annual or one-time
basis. Such management fees were generally utilized by the Adviser to satisfy organizational and operating
expenses of the Fund.

Each Fund’s Governing Documents outline the relevant management fees and expenses for that Fund.

Carried Interest

Investors in the Funds who are “qualified clients” as defined in Rule 205-3 of the Investment Advisers Act
of 1940, as amended, pay a carried interest to the Adviser or an affiliate of the Adviser, in accordance with
the Fund’s Governing Documents or side letters. Generally, the carried interest paid by Fund investors is
equal to a percentage of all realized profits of the Fund, generally between 20% and 22%, once all
contributed capital has been returned to such investor. The Adviser may waive, reduce, modify or, with
investor consent if applicable, calculate the carried interest differently for one or more investors (including
Affiliates of the Adviser and/or the investor and employees thereof) without notice to or the consent of
the investors. Please see Item 6 of this Brochure for additional information about performance-based fees
received by the Adviser.

Expenses

Beginning in August 2023, the Adviser shall initially satisfy the ongoing expenses of the Fund from
Management Fee Contributions and/or the Adviser shall itself directly satisfy such expenses on behalf of
the Fund up to an amount equal to the aggregate Management Fees it receives from the Fund.

Patricof Co LLC                                                                          Form ADV Part 2A

The ongoing expenses of the Fund include all organizational and operating expenses of the Fund
(excluding any regulatory expenses, or other costs incurred by the Adviser in connection with its daily
operations, including but not limited to salary and other payments to employees or officers of the
Adviser); and the operating expenses of the Fund include (i) out-of- pocket expenses that are associated
with the disposition of portfolio company investments including transactions not completed; (ii)
extraordinary expenses, if any (such as certain valuation expenses, litigation and indemnification
payments); (iii) interest on borrowed money, investment banking, financing and brokerage fees and
expenses, if any; (iv) expenses associated with the Fund’s tax returns and Schedules K-1, custodial, legal
and insurance expenses, any taxes, fees or other governmental charges levied against the Fund, (v)
attorneys’ and accountants’ fees and disbursements on behalf of the Fund; (vi) insurance, regulatory or
litigation expenses (and damages); (vii) expenses incurred in connection with the winding up or liquidation
of the Fund (other than certain liquidation expenses permissible under the governing documents), (viii)
expenses incurred in connection with any amendments to the constituent documents of the Fund; and
(ix) expenses incurred in connection with distributions to the investors and in connection with any
meetings called by the investors.

To the extent the expenses of the Fund exceed the aggregate amount of Management Fee Contributions
(and/or the Management Fees) made by the investors, then each investor shall make additional capital
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Item 7.        Types of Clients

We provide investment management services directly to our Fund clients and not individually to investors
in any Fund. Investors in the Funds are generally fund of funds, institutional investors, family offices, and
high net worth individuals. The Adviser generally does not require a minimum investment amount for
any Fund. However, any minimum investment amounts for a Fund will be disclosed in such Fund’s
Governing Documents.

We also provide non-discretionary services to Members that are professional athletes and high net worth
individuals. Members may receive tailored investment advisory services, but we do not manage
investments or investment accounts on their behalf. As such, there is no minimum investment amount
for Members, but Members are generally sophisticated investors that meet the accredited investor
and/or qualified purchaser thresholds.