Advent International LP

Item 5 – Fees and Compensation

Advent typically charges management fees to the Funds for its advisory services and also
receives performance-based compensation from certain Funds as described in Item 6 of this
Brochure. The amount and terms of payment of the management fees and performance-
based compensation charged to each Fund are determined through negotiations with the
investors of that Fund at the Fund’s inception. Management fees and performance-based
compensation are automatically paid directly by the Funds under the terms of their limited
partnership agreements, investment advisory agreements or other similar agreements.

Generally, the management fees during the investment period of the Fund are based on the
total capital committed to the Fund by investors. For most Funds, after the investment
period, the management fees are based on the cost basis of currently-held investments with
certain adjustments for investments that have been written down below a certain threshold
and on which the investment professionals are no longer working. For some Funds the
percentage amount of the management fee will also reduce after the investment period. In
some cases, the adjustment to the amount upon which the management fees are based or the
percentage amount of the management fee can occur earlier if certain events happen before
the end of the Fund’s investment period. Unless otherwise agreed with a Fund’s investors,
management fees will continue to be payable during any term extensions.

In addition, the organizational documents do not require any reduction or refund of
management fees, in whole or in part, in connection with, distributions (including those
arising from dividend recapitalizations), reorganizations, restructurings, roll-over
investments, extraordinary dividends or similar transactions, or where one or more other
Fund(s) exit their investment(s) (including credit investments) in the relevant portfolio
company, whether in whole or in part, in each case where such events do not result in a
complete disposition of the relevant Fund’s interest, and even where the value of the Fund’s
investment or the Fund’s ownership percentage has been reduced (including materially
reduced) as a result. However, in the event of a partial sale of an investment, the management

fee base will be reduced to reflect only the cost attributable to the retained portion of such
investment. No refund of previously paid management fees is paid.

The payment schedule for management fees varies by Fund. Typically, management fees are
paid quarterly in advance. When a Fund is terminated or the formula for calculating the
management fees payable by a Fund is adjusted, the management fees will be prorated for
the relevant period and, if management fees have been prepaid, a portion of the previously
paid management fee may be returned to the Fund. Management fees charged by Advent to
a Fund are typically subject to reduction for a Fund’s organizational expenses, to the extent
they exceed certain limits set forth in the partnership agreement of that Fund, and a
negotiated percentage (up to 100%) of any net transaction fees, deal monitoring fees, break-
up fees and directors’ fees received by Advent or its affiliates with respect to that Fund’s
investments. As such, any Fund receiving a reduction in management fees will only receive
such reduction as it applies to its pro rata portion of the total fees charged. The pro rata
portion of such fees allocable to certain Funds and certain Co-Investment Vehicles (as
defined below) that do not pay management fees or are otherwise not entitled to a
management fee offset and to certain investors in the Funds that have elected not to receive
their share of the offset will be retained by Advent and its affiliates.

Advent has established special purpose Funds that are used for the purpose of enabling its
eligible current and former professionals and certain Independent Advisors to co-invest in
the same investments made by other Funds. Advent also has established special purpose
Funds that are used for the purpose of enabling individuals whom Advent expects will be
able to provide strategic benefits to the Funds as a result of their industry expertise or
relationships, prior involvement with companies in which Funds have invested, regulatory
expertise or other unique qualifications that could be beneficial in sourcing, evaluating,
acquiring or managing investments for the Funds (the “Strategic Partners”) to invest in the
same investments made by other Funds. In addition, Advent may permit certain charitable
entities, which Advent has determined has goals and objectives that support, promote or
enhance Advent’s philosophy of giving back to the communities in which it operates and for
which Advent or an affiliate or representative has the ability to influence its strategic
direction, operating activities, investments or priorities for the application of donations or
other proceeds (“Designated Charities”) to invest in an SP Fund (as defined below). The
obligation or right of such special Funds, which, in the case of the Funds established for
Advent’s eligible current and former professionals, are referred to in this Brochure as
“Employee Funds,” in the case of the Funds established for Advent’s Independent Advisors,
are referred to in this Brochure as “IA Funds,” in the case of the Funds established for
Advent’s Strategic Partners and Designated Charities, are referred to in this Brochure as “SP
Funds”, to co-invest, and the minimum and maximum total commitments of the Employee

Funds’ that may be used for co-investment, are typically specified in the partnership
agreement or other documents of the Fund with which they co-invest.

In order to encourage participation by eligible professionals, certain Independent Advisors,
Strategic Partners and Designated Charities, IA Funds, and SP Funds are not charged
...

Item 7 – Types of Clients

Advent provides investment advice to Funds generally organized as limited partnerships in
which an affiliate of Advent serves as the general partner. Investors in the Funds typically
include public pension plans, sovereign wealth funds, funds of funds, corporate pension
plans, university endowments, foundations, family offices, insurance companies and other
institutional investors. To a limited extent, Advent also may permit high net worth
individuals to invest in the Funds. Investors in Advent’s IA and SP Funds are generally high
net worth individuals. Advent does not have a minimum commitment size for a Fund, but
minimum investment commitments may be established for investors in the Funds. The

general partner of each Fund may in its sole discretion permit investments below the
minimum amounts set forth in the organizational documents of such Fund.