Mack & Co Partners LP

ITEM 5: FEES AND COMPENSATION
Because Mack & Co. Partners offers three distinct investment advisory services – investment
management, financial consulting, and access to Mack & Co. sponsored SPVs – the Firm has three
primary sources of revenue, as further described below. Clients that are also investors in a Mack & Co.
sponsored SPV and who receive investment management and/or financial consulting services from
Mack & Co. Partners will incur Mack & Co. Partners’ fees, directly and indirectly. Clients and
prospective clients are not under any obligation to obtain investment advisory services from Mack &
Co. Partners. The services offered by Mack & Co. Partners and access to any SPV Portfolio Company
may be available from another investment adviser or another third party.

The information contained in this Brochure cannot disclose every possible fee, expense and cost that a
client may incur and is not intended to be an exhaustive list. Rather, this section provides a description
of the most commonly incurred fees, expenses and costs associated with services available through
Mack & Co. Partners. Mack & Co. Partners, in its sole discretion, may waive or reduce its fees.

Investment Management Fees
Mack & Co. Partners’ Investment Management Services fees are negotiated on a client-by-client,
account-by-account basis and are subject to a maximum, annual asset-based fee of two percent
(2.00%). The specific amounts payable to Mack & Co. Partners and any third-party investment adviser
will be specified in the client’s written agreement. Mack & Co. Partners prices its services based upon
various objective and subjective factors. As a result, the Firm’s clients will pay diverse fees and costs
based upon, among other things, the complexity of the engagement, type of service(s), investment
products used, investment program and strategies employed, and other third party-specific costs.

Note: Clients may directly invest with the third-party investment adviser or through another broker-
dealer, custodian, investment adviser or another financial institution and, as a result, the client’s fees
may be higher or lower than those charged by or through Mack & Co. Partners.

Generally, the investment management fee is payable quarterly in arrears, though some relationships
may be billed in advance based on the services and investments selected by the client. The
investment management fee is calculated by taking the investment management fee percentage (%),
as specified in the written client agreement, divided by four, and then multiplying the quotient by the
total net asset value of assets, including cash, as reported by the custodian(s) at the close of market
on the last business day of each calendar quarter. The sum (i.e., quarterly investment management
fee) is the amount that is due from the client. Under Mack & Co. Partners’ co-advisory investment
management services, the client authorizes the third-party investment adviser to debit the client’s
account and then pay Mack & Co Partners’ its fees. Under Mack & Co. Partners’ sub-advisory
investment management services, the client authorizes the third-party manager to debit the client’s
account and pay the Mack & Co. Partners’ fees, or the client authorizes the custodian to do so directly
through the third-party investment adviser. In some cases, clients may also elect to pay fees directly
to Mack & Co. Partners and/or the third-party investment adviser.

Under either service, Mack & Co. Partner’s initial investment management fee is calculated as of the
inception date and is prorated for the balance of calendar days remaining in the quarter. The initial
investment management fee is billed the following calendar quarter.

                                                Mack & Co. Partners, LP

Form ADV 2A Disclosure Brochure                                                                             Page 8

Clients will also bear underlying investment costs and, depending on the investments and services
selected, fees and expenses charged by other financial institutions (e.g., custodial charges) and third-
party investment adviser. For example, custodial charges may include trading fees and expenses,
administrative fees, wires charges, and maintenance fees. Custodial charges are charged by and
payable to the custodian, typically directly from the client’s account. Specific custodial expenses will
be set forth in the agreement and information provided by the custodian.

Clients have the right to terminate an Investment Management Services agreement without penalty
within five (5) business days after the date of execution. Either the client or Mack & Co. Partners has
the right to terminate the agreement at any time by notifying the other party in writing; such
termination will be effective thirty (30) calendar days after receipt of such notice. If a client
terminates the agreement within five (5) business days, the client is entitled to a waiver of any
prorated fees due to Mack & Co. Partners. There is no penalty or termination fee for terminating the
agreement at any time. If applicable, any fees paid in advance will be prorated, by the number of days
between the termination date and the end of the billing period and refunded to the client.

Financial Consulting Services Fees
Mack & Co. Partners’ Financial Consulting Services fees are negotiated on a client-by-client, account-
by-account basis, payable monthly in advance, and are subject to a maximum annual fee of seven
hundred twenty thousand dollars ($720,000). Mack & Co. Partners prices its services based upon
various objective and subjective factors. As a result, the Firm’s clients will pay diverse fees and costs
based upon, among other things, the complexity and scope of services requested by the client.
Clients will also bear other expenses and costs, including third-party service provider expenses,
depending on the services selected by the client.
...

ITEM 7: TYPES OF CLIENTS
Mack & Co. Partners’ clients include high-net-worth individuals, ultra-high net worth individuals and
family offices and their related entities, including trusts and estates, corporations (and other similar
entities), charitable organizations and foundations. Mack & Co. Partners also provides access to Mack
& Co. sponsored SPVs in which clients and other investors invest.

For investment management and financial consulting services, Mack & Co. Partners generally advises
clients with investable assets exceeding $100 million. The Firm has and may so in the future, in its sole
judgment, choose to waive or reduce the minimum investable asset amount. Upon a client’s request,
and as accepted by Mack & Co. Partners at its sole discretion, investable assets of related parties (e.g.,
family members) may be associated or linked together (“Related Accounts”) for purposes of meeting
the investable asset minimum.

SPV investors must meet the definition of a “qualified purchaser,” as defined in section 2(a)(51)(A) of
the Investment Company Act of 1940, as amended. In summary, a “qualified purchaser,” includes, but
is not limited to, a natural person (or related estate, trust, or foundation established for such natural
person) who owns not less than $5,000,000 in investments (excluding primary residence). SPV
investors may also be a “knowledgeable employee,” as that term is used in Rule 3c-5 under the
Investment Company Act of 1940, as amended.

                                               Mack & Co. Partners, LP

Form ADV 2A Disclosure Brochure                                                                                 Page 12