Cain Capital LLC

Item 5. Fees and Compensation for a more detailed explanation of our performance-based
compensation. Collecting performance-based fees provides us with a potential incentive to
recommend riskier investments than we might otherwise recommend. This is mitigated by
considering each client’s investment objective and risk tolerance when recommending
participation in any investment.
To the extent that different funds and accounts, with similar strategies, have differing fees,
we have a conflict of interest with clients paying lower or no performance fees. We may be
incentivized to favor funds or accounts paying higher fees. This is mitigated through constant
monitoring by the Chief Compliance Officer, ensuring that all clients are treated fairly and
equitably, particularly when allocating limited investment opportunities.

MANAGED ACCOUNTS
We do not receive performance-based fees from our managed account clients except for their
participation in private funds and some single purpose vehicles, which do pay performance-
based fees as indicated in their documents.

       Cain Capital, L.L.C. | Form ADV Part 2A | Firm Brochure February 2026 | Page 6

ITEM 7. TYPES OF CLIENTS

We provide investment advisory services to:
   ▪    Individuals;
   ▪    High net worth individuals;
   ▪    Individual retirement plans;
   ▪    Trusts and estates, and;
   ▪    Pooled investment vehicles.
Minimum investments in our pooled investment vehicles depend upon the individual underlying
investment.
The general investment minimum required of our non-pooled investment vehicles is $1,000,000.
However, we have the discretion to accept investments of lesser amounts.