Buchanan Street Partners LP

ITEM 5: FEES AND COMPENSATION
Asset management fees and other fees vary among our Funds and are described within the
private placement disclosure statements and related operating agreements for each of our
offerings. Management fees are based on either committed capital, net invested capital,
fair market value, gross revenue, or project costs and are assessed quarterly. Fees are paid
at the fund level and may be charged in advance or in arrears, depending on the specific
terms of each offering. Generally fees are charged on a quarterly basis and are deducted
from the assets we manage. We may also earn performance fees conditioned upon the
financial success of each of our offerings. Each profit sharing structure differs by Fund, as
disclosed in the private placement disclosure statement and/or limited liability operating
and/or partnership agreement for each Fund. The Funds may also allow the manager (or
affiliate) to earn acquisition, financing or other fees for performing certain services in
accordance with the relevant Fund operating agreement.

Buchanan Street Partners Brochure           -4-                       Revised March 31, 2026

OTHER EXPENSES IN CONNECTION WITH FUNDS

Our Funds will typically incur fees for maintenance of books and records, custody fees,
audit expense, tax preparation expense, organizational expense, insurance expense and
annual licensing and registration fees and taxes. If the Fund permits borrowing or other
leverage, there may be interest expense and fees for credit, and may incur legal expense
in connection with the acquisition or disposition of investments and the handling of
distressed investments. The Funds also incur the cost of conducting due diligence on
prospective investments as well as closing costs for actual investments. The Fund
documents of each Fund disclose the fees in more detail.

COMPENSATION OF OUR EMPLOYEE MARKETING REPRESENTATIVES

Our employees who act as our marketing representatives are not paid a sales commission
by our Funds for marketing those Funds to our clients.

ITEM 7: TYPES OF CLIENTS
Our clients include large public pension plans, financial institutions, and small foundations,
as well as a substantial number of high net worth individuals. The Funds are generally
subject to a minimum investment amount. In some instances, the minimum may be
negotiated based upon provisions within the respective operating agreement. While we
typically only offer Funds, we will also structure accounts in a separate account format,
depending on the facts and circumstances.

We offer our Funds only to institutional and individual investors that qualify as (1)
“qualified purchasers,” as defined for purposes of Section 3(c)(7) of the Investment
Company Act of 1940, (2) “accredited investors,” as defined in Regulation D under the
Securities Act of 1933, and/or (3) “qualified clients,” as defined under the Advisers Act.
The minimum initial investment required is disclosed for each fund in the applicable
offering documents. In some instances the minimum investment may be negotiated based
upon provisions within the respective operating agreement and is subject to manager
discretion.

IMPORTANT NOTICE

This Brochure may be provided to a prospective investor in one of our privately-offered
Funds, together with the Fund’s disclosure documents (“Disclosure Documents”),
organizational documents and other related documents (“Governing Documents”), in
connection with the investor’s consideration of an investment in the Fund. While this
Brochure may include information about the Fund, it does not represent a complete
discussion of the features, risks or conflicts associated with the Fund. More complete
information about each of our Funds is included in its Disclosure Documents and other
Governing Documents.

In no event should this Brochure be considered an offer of interests in a Fund or relied
upon in determining to invest in a Fund. It is also not an offer of, or agreement to
provide, advisory services directly to any recipient. Rather, this Brochure is designed
only to provide information about us to comply with regulatory requirements under the
Advisers Act, which may cause information in this Brochure to differ from the information
provided in the Disclosure Documents. If there is any conflict between the information in
this Brochure and similar information in the Fund’s Disclosure Documents, you should
rely on the information in the Disclosure Documents.