Quadrant Capital Group LLC

Item 5: Fees and Compensation
We provide fee options to our clients which are both assets under management based (generally does
not exceed 1.00% annually) and flat fee based (generally does not exceed $500,000 annually). The
firm has a standard minimum annual fee of $20,000, which is payable quarterly. Depending on
circumstances, we may negotiate fees for clients and treat each client in a customized way depending
upon their unique situation.

The specific manner in which we charge fees is set forth in a client’s written advisory agreement. Fees
are generally billed quarterly in advance. The advisory fee will be pro-rated based upon the number

of days that the Account was open during the quarter. The fee applicable to assets deposited to the
Account shall be prorated from the date of deposit. Most clients authorize us to deduct fees
automatically from their taxable brokerage accounts, but clients may request that we send invoices to
be paid by credit card, check or ACH.

From time to time, the firm forms and offers partnership interests in closed-end private equity funds.
For certain qualified investors that make a large commitment, the level of the asset-based management
fee may be reduced. If carried interest applies, investors generally pay a percentage of profits after a
return of contributed capital and a preferred return. Fund investors will also incur an operations fee
related to fund expenses. The Firm also manages and advises on legacy funds no longer open to new
investors. These partnerships charge different fees and/or carried interest from those we would charge
on newly formed partnerships. Additional information regarding fees can be found in each fund’s
private placement memorandum & Limited Partnership Agreement.

The Firm’s fees are exclusive of brokerage commissions, transaction fees, custodial fees and other
related costs and expenses which shall be incurred by the client. To the extent that clients’ accounts
are invested in mutual funds or other investment companies such as ETFs, these funds pay a separate
layer of management, trading, and administrative expenses. Likewise, assets managed by sub-advisors
or separate account managers (together “Managers” of “separately managed accounts”) will be
included in asset values for purposes of computing Constellation’s advisory fees and these same assets
will be subject to additional advisory and other fees and expenses charged by the Managers.

Other Compensation
Certain of the firm’s advisory representatives, in their individual capacities (and not as representatives
of the Firm), are also independent licensed insurance agents, and in such capacity, may recommend,
on a fully disclosed commission basis, the purchase of certain insurance products. A conflict of
interest exists to the extent that an advisory representative recommends the purchase of insurance
products where they also receive insurance commissions. Clients are under no obligation to purchase
insurance products through any person affiliated with our firm.

Item 7: Types of Clients
We primarily provide customized investment management and wealth advisory services to high-net-
worth individuals and associated trusts, estates, and other legal entities. The minimum client
relationship size is generally $2,000,000 but amounts are negotiable.