776 Management LLC

Item 5 – Fees and Compensation

Fees
In general, 776 earns management fees, and affiliated general partners have the potential to earn
performance-based compensation, from each of the Clients. The Firm or its affiliates or
employees/partners may also receive certain Fee Income (defined below). In accordance with the
relevant Governing Documents, Fee Income is applied to offset or reduce (but not below zero) the
management fee payable to 776 by the Funds. Only the portion of Fee Income attributable to a
Fund’s investment in a portfolio company shall reduce the management fees payable by that Fund.
776’s affiliates that hold interests in a Client do not pay management fees and are not subject to
performance-based fees with respect to such interests. In addition, 776 reserves the right to waive
management fees for certain Clients and/or Limited Partners.
Refer to the applicable Governing Documents for detailed information on the amount and
calculation of fees.
Management Fee

776 typically receives management fees from the Clients (indirectly from Limited Partners).
Management fees are payable in advance either quarterly or semi-annually (dependent upon the
applicable Governing Documents, but in no event will management fees be collected 6 months or
more in advance). Management fees are generally between 1% to 2.5% per annum based on capital
commitments or contributions, pursuant to the applicable Governing Documents.

Item 7 – Types of Clients

776 provides investment advice only to the Funds and SPVs, which are its only Clients. Interests of
the Funds are offered privately to a limited number of sophisticated investors, including
institutional investors and individuals who qualify to invest in the Funds because they have a
sufficiently high income or net worth. 776 offers interests only through non- public transactions in
order to maintain their exclusion from “investment company” status under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). Investors are encouraged to
thoroughly review the applicable Governing Documents, which set forth all of the terms in detail.
The minimum commitment amount for investment in one of the Funds is generally $2 million, but
the general partner reserves the right to negotiate a lower minimum investment.

                                                                                  Part 2A of ADV:
                                                                     776 Management, LLC Brochure