SWVP Fund XVIII GP LLC

ITEM 5 - FEES AND COMPENSATION

Per the Fund Documents, SWVP (the General Partner of the Fund) is entitled to compensation for its
services in the form of an annual management fee (the “Management Fee”), payable monthly in arrears. In
general, the management fees with respect to the Fund will vary based upon the aggregate level of capital
commitments or the capital funded in the Fund. The Fund management fee will not exceed two percent
(2%) per annum total Capital Commitments, calculated as follows: (i) one percent (1%) per annum of total
Capital Commitments made by the Limited Partners plus (ii) one percent (1%) per annum of total Capital
Commitments made by the Limited Partners which have been drawn down by the General Partner and
funded by the Limited Partners.

As set forth in Item 6 below, SWVP is eligible to receive performance-based compensation in the form of
carried interest. The Private Placement Memorandum (“PPM”, as supplemented from time to time) and the
Limited Partnership Agreement of the Fund includes further details on fees and compensation and related
matters.

In addition to the Management Fee and carried interest (see below), Fund investors will bear indirectly as
partnership expenses any fees and expenses charged by SWVP as General Partner and deducted directly
from the Fund. Those fees will vary, but typically include professional fees such as legal and accounting
fees.

SWVP’s advisory fees and General Partner’s fees are not inclusive of all the fees and expenses that the
Funds may bear. A Fund generally must pay directly or reimburse the General Partner or its affiliates for
all costs and expenses of the Fund’s operations. The following is a list of fees and/or expenses that a Fund
may pay directly or reimburse. This list is not complete; existing investors in a Fund are advised to review
the applicable Fund PPM and Limited Partnership Agreement for a more extensive description of the fees
and expenses associated with an investment in the Fund.

    •   Organizational and Offering Expenses
    •   Legal, Accounting, Audit, Brokerage Fees
    •   Fees and Expenses Paid to Independent Contractors, Mortgage Bankers, Real Estate Brokers, and
        Other Agents
    •   Books, Records and Tax Return Preparation Expenses
    •   Costs of personnel employed by the Fund and directly involved in the Fund’s business
    •   Costs of personnel employed by the General Partner or its affiliates and directly involved in one or
        more projects in the Fund’s business
    •   Regulatory Filing and Compliance Fees and Expenses
    •   Regulatory Reporting and Examination Expenses
    •   Advisory committee expenses
    •   Insurance Expenses
    •   Litigation Expenses
    •   Technology Expenses
    •   Due Diligence Expenses
    •   Travel Expenses
    •   Custodial Fees

Additionally, a Fund may pay the cost of services that could be performed directly for the Fund by
independent third parties, but which are in fact performed by the General Partner or its affiliates. Investors
in a Fund are allocated their pro rata share of such additional fees and expenses for the time period they are
invested in the Fund.

We and our affiliates may also receive and pay property management fees, acquisition fees, company
advisory fees and similar fees for arranging acquisitions from persons in which the Funds acquire or hold
investments. Any “break-up” or other similar fees received by us or our affiliates in connection with any
potential investment may be treated like additional fees.

ITEM 7 - TYPES OF CLIENTS

As disclosed in Item 4, Adviser exclusively provides advisory services to a Private Equity Real Estate Fund,
any future affiliated Parallel Funds, Sidecar Funds and Special Purpose Investment Funds related to the
Fund.

Investors in the Fund are subject to minimum investment amounts and suitability requirements as set forth
in the Fund PPM and organizational documents.