Renwave Kore LLC

Item 5 – Fees and Compensation
RenWave is compensated for its advisory services primarily through management fees and
performance-based compensation (commonly referred to as “carried interest”).
Management Fees
RenWave generally charges each client fund an annual management fee, which is typically
calculated as a percentage of capital commitments during the fund’s investment period
and as a percentage of invested capital (net of realized investments and write-downs)
thereafter. These management fees are paid quarterly in advance, in accordance with the
provisions outlined in each fund’s governing documents. The standard management fee
rate may vary but generally does not exceed 2% per annum of committed or invested
capital.
The management fee is intended to compensate RenWave for its operational and
administrative services related to the sourcing, analysis, acquisition, management, and
disposition of portfolio investments.
Performance-Based Compensation (Carried Interest)
The general partner of each RenWave-advised fund is entitled to receive carried interest
from the respective fund’s distributable proceeds. The carried interest constitutes a form
of performance-based compensation and is calculated as a percentage of the profits
otherwise allocable to the limited partners, typically up to 20%.
Distributions to fund investors are subject to a “distribution waterfall” that outlines the
priority and allocation of investment proceeds.
The general partner of each Client may receive a portion of future distributions as carried
interest, calculated on a modified deal-by-deal basis as described in each fund’s
distribution waterfall provisions in its governing documents.
Clawback Provisions
All carried interest distributions are subject to clawback provisions. These provisions
require the general partner to return any carried interest amounts received in excess of the
amount to which it is ultimately entitled based on the fund’s overall performance over its
full term. This ensures proper alignment of interests between the general partner and
limited partners.
Fee Waivers and Offsets
In some cases, the general partner or manager may elect to waive a portion of
management fees or carried interest or may agree to certain offsets (e.g., offsetting certain
fund-level income or transaction fees against management fees) in accordance with the
fund’s governing documents and side letters.

RenWave does not receive brokerage commissions or other transaction-based
compensation from Clients.
Investors should refer to the PPM, LPA, and any applicable side letters for full details of
compensation and fee arrangements, which may differ among the investors in each Client
and between Clients depending on investment size, strategic importance, or other
negotiated terms.

Item 7 – Types of Clients
As described in Item 4 above, RenWave generally provides discretionary investment
advisory services to pooled investment vehicles that are organized as private funds, such
as limited partnerships and limited liability companies. RenWave’s sole Clients are the
Funds, Co-invests, and SPVs. The investors in our Clients include institutional investors,
family offices, fund-of-funds, foundations, and other qualified purchasers and accredited
investors as defined under applicable securities laws.
Generally, each investor in a Client will acquire interests through private placement
transactions and each investor in a Client will be: (a) both (i) a “qualified purchaser” (as
defined in Section 2(a)(51) of the Investment Company Act) and (ii) an “accredited
investor” (as defined in Section 501(a) of Regulation D under the Securities Act); or (b) a
“knowledgeable employee” within the meaning of Rule 3c-5 under the Investment
Company Act.
The minimum investment amount is generally set forth in each Client’s offering documents
and may vary by Client. The applicable general partner retains the discretion to accept,
and has previously accepted, commitments below the stated minimum in certain cases.