Behrman Brothers Management Company LP

Item 5.    Fees and Compensation

Advisory Fees

As compensation for investment supervisory services rendered to the Funds, the Adviser receives
from each such Fund an advisory fee (each, an “Advisory Fee”) typically calculated based on
committed capital or remaining invested capital, with respect to such Fund. Advisory Fees may
be reduced during the life of a Fund. Advisory Fees are generally payable semi-annually in
advance, 10 days following the commencement of each semi-annual period, but the Adviser has
the ability to defer management fees to the following year from when otherwise due. Advisory
Fees paid by a Fund may also be reduced by other fees or compensation received by the Adviser
or its affiliates that relate to such Fund’s activities and investments, or by certain organizational or
other expenses borne by such Fund, as described in more detail below. Advisory Fees paid by a
Fund are indirectly borne by investors in such Fund. Upon termination of an Advisory Agreement,
Advisory Fees that have been prepaid are generally returned on a prorated basis. Unless otherwise
agreed with a Fund’s investors, Advisory Fees will continue to be payable during any term
extensions.

The precise amount of, and the manner and calculation of, the Advisory Fees for each Fund are
established by the Adviser and are set forth in such Fund’s Advisory Agreement and/or the
Organizational Documents received by each investor prior to investment in such Fund. The
Advisory Fees and other fees and distributions described herein are generally subject to
modification, waiver or reduction by the Adviser in its sole discretion, both voluntarily and on a
negotiated basis with selected investors via side letter and other arrangements, which may not be
disclosed to other investors in the same Fund. The fee structures described herein may be modified
from time to time. Fees may differ from one Fund to another, as well as among investors in the
same Fund.
On a date specified in the Organizational Documents (the “Stepdown Date”), the Advisory Fee
customarily decreases and is thereafter calculated based on the amount of invested capital
associated with the Fund’s aggregate investment(s) in portfolio companies that remain unrealized
or have not been permanently written-off (such investments, “Impaired Investments”). Because
Advisory Fees are calculated based on invested capital following the Stepdown Date, the
Organizational Documents do not require any reduction or refund of Advisory Fees following a
write-off, or a decrease (including a significant decrease) in fair value, except with respect to
investments that meet the applicable Impaired Investment standard under the Organizational
Documents. Similarly, if the fair value of an investment exceeds the aggregate investment
contributions for that investment, Advisory Fees payable after the Stepdown Date are not
computed on the appreciated value and instead continue to be determined by the amount of such
investment contributions. As a result, the Advisory Fees generally will not track changes in the
fair value of any individual investment or of a Fund, including after the applicable investment
period, and will not be decreased to reflect write-downs (whether temporary or permanent), except
with respect to Impaired Investments.
The Advisory Fees paid by a Fund will generally be reduced by the amount of fees paid by such
Fund to persons acting as a placement agent in connection with the offer and sale of interests in
such Fund to certain potential investors. The amount and manner of such reduction, if any, is set
forth in the Advisory Agreement and/or Organizational Documents of the applicable Fund. The

Adviser is responsible for fees incurred in connection with the organization of such Fund that
exceed a limit specified in such Fund’s Organizational Documents. In addition, the Adviser may
waive or reduce all or a portion of the Advisory Fee paid by a Fund in full or partial satisfaction
of any obligation of the Adviser and certain employees and affiliates of the Adviser to invest in
and alongside such Fund.

Notwithstanding the foregoing, with respect to one Fund, the Adviser does not receive any
Advisory Fee from the Fund and, in lieu thereof, receives fees from a portfolio company of such
Fund as compensation for consulting, management and advisory and other similar services
provided with respect to such portfolio company. The fees will be calculated and paid by such
portfolio company in a manner similar to Advisory Fees that would otherwise be paid by the Fund,
including reductions for placement agent fees and organizational expenses that exceed a limit
specified in such Fund’s Organizational Documents. Please also see “Other Fees” below.

Other Fees

Fees Payable by Portfolio Companies

In addition, the Adviser and its affiliates may perform management, advisory, transaction-related
and other services (“Related Services”) for, and receive fees from, actual or prospective portfolio
companies or other investment vehicles of the Funds, including fees in connection with mergers,
acquisitions, add-on acquisitions, public offerings, sales and similar transactions. These fees may
be substantial.

Although these fees are in addition to the Advisory Fees, the Adviser will in some circumstances
reduce the amount of Advisory Fees paid by the applicable Fund in connection with the receipt of
such fees. The amount and manner of such reduction is set forth in the Advisory Agreement and/or
other Organizational Documents of the applicable Fund. As some Funds do not pay Advisory Fees,
any such reduction will not benefit such Funds. Additionally, a portfolio company may reimburse
the Adviser for expenses including without limitation, travel expenses, (which may include
expenses for first class travel) and meals and entertainment expenses (including, as applicable,
cars and meals, social and entertainment events with actual or potential portfolio company
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Item 7.    Types of Clients

The Adviser currently provides investment supervisory services to the Funds. Investment advice
is provided directly to the Funds (subject to the direction and control of the General Partner of
each such Fund, if applicable) and not individually to investors in such Fund.

Interests in the Funds are offered pursuant to applicable exemptions from registration under the
Securities Act and the 1940 Act. Investors in the Funds are generally “qualified purchasers” as
defined in the 1940 Act and may include, among others, high net worth individuals, banks, thrift
institutions, pension and profit sharing plans, trusts, estates, charitable organizations, corporations,
limited partnerships and limited liability companies or other entities.

Minimum investment commitments may be established for investors in the Funds, as set forth in
each Fund’s Organizational Documents. The General Partner of each Fund may in its sole
discretion permit investments below the minimum amounts set forth in the offering documents of
such Fund.