Fees and Compensation — Form ADV Part 2A (3/16/2017)
[Brochure]
Item 5 Fees and Compensation
Management Fee: In accordance with the Limited Partnership Agreement for the applicable Fund,
BHC receives an annual management fee equal to 1.5% of the aggregate loan portfolio for BHC Interim
Funding II, LP and 1.5% of the aggregate committed amount for BHC Interim Funding III, LP. Capital
commitments are the amount contractually committed to a Fund by the limited partners of the Fund (the
"Limited Partners") and the general partner. The management fee is payable quarterly in advance
subject to certain deductions. Such deductions include, among other things, fees paid to BHC by
portfolio companies of the Fund.
All fees assessed to the Funds, including the performance fee noted in Item 6, are fully disclosed to
investors in the respective Fund's Private Placement Memorandum, Limited Partnership Agreement and
in Investor Subscription documents.
Account Minimums and Types of Clients — Form ADV Part 2A (3/16/2017)
[Brochure]
Item 7 Types of Clients
BHC provides investment management services exclusively to Funds. Each Fund is a limited
partnership, formed under U.S. and operated pursuant to one or more exemptions from registration
under the Investment Company Act.
The Funds have minimum commitment requirement of $1,000,000 to invest in the Fund, although the
General Partner of the Fund has discretion to waive such requirements.