Wellington Alternative Investments LLC

Item 5 – Fees and Compensation

WMC typically receives an asset-based fee from each Fund and Account client. WAI receives asset-
based fees from some Funds with regard to illiquid securities held by those Funds in side pocket

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PART 2A OF FORM ADV: FIRM BROCHURE                      WELLINGTON ALTERNATIVE INVESTMENTS LLC

accounts. WAI receives a fee based on committed capital with respect to some Funds, which invest
primarily in private companies.

WAI typically receives performance-based compensation from the Funds and Account clients. WAI
negotiates compensation in light of a client’s special circumstances, asset levels, service requirements
or other factors.

See Item 6 for a description of the performance-based compensation applicable to both Funds and
Account clients.

Each Fund and account also bear the fees and expenses charged by its custodian and other service
providers, brokerage costs related to investments, and other expenses incurred in operating the Fund
or account. For more information, please see Item 12 – Brokerage Practices.

In some circumstances, an investor in a WAI Fund or a client of a WAI affiliate, purchases interests in a
Fund for which fees are waived, reduced or otherwise not charged because that client’s account is
charged fees outside the Fund based on the aggregate assets and/or performance of that account,
including its investment in the Fund. In other cases, WAI or its affiliates receive fees from both a
client’s accounts outside the Fund and that client’s interest in the Fund. WAI or its affiliates may agree
to calculate fees based on the aggregate assets managed on that client’s behalf, including assets
attributable to its investment in the Fund, or some other aggregate metric. WAI also reduces or waives
fees for Wellington personnel who invest in certain Funds, as well as large or strategic clients of it or its
affiliates.

Fees and expenses are charged to and deducted from the Funds in arrears. Additional information on
each Fund’s fees and expenses is provided in the Offering Documents.

Item 7 – Types of Clients

WAI provides advisory services to investment vehicles that are private investment funds exempt from
registration under the Investment Company Act of 1940 and Accounts.