FORM OF INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • July 7th, 2015 • Excelsior Private Markets Fund III (TE), LLC • New York
THIS INVESTMENT ADVISORY AGREEMENT is made the _______ 2015, by and between Excelsior Private Markets Fund III (Master), LLC (the “Company”) and Neuberger Berman Management LLC, a Delaware limited liability company (the “Investment Adviser”).
FORM OF SUB-ADVISORY AGREEMENT EXCELSIOR PRIVATE MARKETS FUND III (MASTER), LLCSub-Advisory Agreement • July 7th, 2015 • Excelsior Private Markets Fund III (TE), LLC
We have entered into an Investment Advisory Agreement with Excelsior Private Markets Fund III (Master), LLC (“Fund”) pursuant to which we are to act as investment adviser to such Fund. We hereby agree with you as follows:
