ACG PERT Survey for January 21, 2020 Meeting Please answer the following questions Question Title * 1. AUM Question Title * 2. Year of beginning of last fund raise Question Title * 3. Size of last Fundraise or current estimate Question Title * 4. Fund Formation Firm Used most recently Question Title * 5. Would you be willing to be a contact regarding this firm and/or would you like to make a specific partner recommendation? Question Title * 6. Lines of CreditHas this been a topic with your investors and/or Advisory Board? If so, in what way? Question Title * 7. What is your latest Fund’s Line of Credit % of commitments and maturity? Question Title * 8. How has that changed from your prior fund offerings and what do you expect the next fund to be? Question Title * 9. Which, if any, of your documents or policies speak to calculating IRRs without a line? Question Title * 10. Do you calculate IRRs without a line and do you expect to start calculating it in the near future? Question Title * 11. Preferred ReturnWhat is your current preferred return hurdle and does it calculate from line draw down or cash funding? Question Title * 12. Has this been a topic with your investors and/or Advisory Board? Question Title * 13. Are you considering changing the treatment of line activity? Question Title * 14. Conflicts of Interest and Standard of Care What discussions from investors and/or Advisory Boards have you been fielding on these topics, if any? Question Title * 15. What conflicts if any require pre-approval? Question Title * 16. Does your for LPA include GP removal for any non-material breaches of the standard of care? Question Title * 17. Side LettersWhat discussions from investors and/or Advisory Boards have you been fielding on side letters, if any? Question Title * 18. Do you provide for MFN in your LPA or separately negotiated for some LPs? Question Title * 19. What general proportion of terms are non-electable under MFN and what are the categories of exclusion? Question Title * 20. Do you have side letters relating to ILPA? If so, on what ILPA topics? Question Title * 21. Describe the LP asks drivien by ILPA and how you see these changing in your subsequent raises? Question Title * 22. Contact Information (optional) – if you would like to be contacted as a referral for your fund formation firm or further on this topic: Name Firm Email Done