Candide Group LLC

Item 5 – Fees and Compensation
This section provides details regarding our Firm's fees and compensation
arrangements. We believe our fees for investment advisory services are
reasonable with respect to the services provided and the fees charged by other
investment advisors offering similar services. However, lower fees for comparable
services can be available from other sources. The exact fees and other terms will
be outlined in the agreement between you and Candide.

Fees for Advisory Services
Fees for advisory services fit into the following categories: flat fee, a percentage
of assets under management, or a combination of both.

 AUA represents the total value of all assets for which Candide is actively providing advisory or management
services as of the reporting date, regardless of whether the assets qualify as securities or meet the SEC definition
of “continuous and regular” supervision. Current AUA includes: Regulatory AUM; non-securities assets under active
advisory or management, including debt vehicle commitments; and Client portfolios under active advisory
engagement that are not yet fully committed or deployed, where Candide is providing guidance on capital
deployment, investment strategy, financial modeling, portfolio construction, or transaction execution.

   1. Fees for Research Services
When Research Services are provided as a service, the minimum associated fee
is typically $75,000-$500,000; individual fees will vary, depending on the scope of
the engagement, and will be pursuant to the agreed-upon terms of your contract
with Candide. Under this program, due diligence memorandums will be offered in
conjunction with other Research Services, such as the creation of impact
investment tools or frameworks, overviews of impact investment opportunities in
a particular sector or industry, initial portfolio construction and strategy
development, or other services as specified in your written agreement with
Candide. The fee is typically invoiced at the beginning of the engagement, as
specified in your written agreement.
You can terminate services within five (5) business days of entering into an
agreement with Candide without penalty or fees due. Following such time,
services can be terminated at any time upon either party providing written notice
of termination to the other party, pursuant to the terms of the agreement. If you
terminate the Research Services after five (5) business days of entering into an
agreement, you will be responsible for immediate payment of any services
performed by Candide prior to the receipt by Candide of your notice. You will pay
Candide a prorated fee equivalent to the percentage of work completed by
Candide, as determined by Candide at its sole discretion. In the event that there
is a remaining balance of any fees paid in advance after the deduction of fees for
work completed by Candide, those remaining proceeds will be refunded to you.

   2. Fees for Research and Investment Management Services
Candide's combined Research and Investment Management Services are
typically offered under a single written agreement with two separate and distinct
fee schedules: one for Research Services and one for Investment Management
Services.
Under this combined program, the fee for Research Services is generally a fixed
fee and is billed quarterly in advance. This portion of the fee may be structured as
a one-time fee or as an ongoing annual fee, depending on the nature of the
engagement. The typical fee range for the Research Services portion of the
engagement is $75,000-$500,000; however, fees under this program may vary
depending on the breadth and depth of services to be provided. The specific fee
and scope of the engagement will be pursuant to the terms of your written
agreement with Candide.

Should you terminate the Research Services portion of your agreement mid-
quarter, you will pay Candide a prorated fee equivalent to the percentage of work
completed by Candide prior to termination, as determined by Candide at its sole
discretion. In the event that there is a remaining balance of any fees paid in
advance after the deduction of fees for work completed by Candide, those
remaining proceeds will be refunded to you.
The fees for Investment Management Services ("Investment Management
Fees") are typically based on a percentage of the Client's AUM. Investment
Management Fees are typically paid quarterly, in advance, based on the AUM as
of the close of business on the last business day of the preceding calendar quarter.
In some cases, Investment Management Fees can be billed in arrears depending
on the Client's circumstances and as pre-arranged with Candide. Legacy Clients
may exist who receive combined Research Services and Investment Management
Fees under a different fee schedule.

Investment Management Fees can range up to (1.75%) per year, depending on
the type and complexity of the investment management strategy employed, as well
as the size of the account and the scope of the overall engagement and Client
relationship. Individual fees can vary and are negotiated separately with each
Client. Your investment management fee will be pursuant to the agreed-upon terms
of your contract with Candide.

Investment Management Fees are typically charged based on a tiered schedule.
For example, if the tiered schedule has an initial breakpoint at $5,000,000, the first
$5,000,000 will be charged one fee, and the assets at $5,000,001 or more will be
charged according to the next tier at a lower rate until the next breakpoint is
reached. The breakpoints and fees charged for each tier may vary and are
negotiated with each Client on a one-on-one basis, as specified in the individual
agreement. Additionally, the breakpoints and fees charged for each tier may vary
based on the asset class of the investments in the account.
Investment Management Services may also include a performance-based fee. For
more information, please refer to Item 6 – Performance-Based Fees and Side-By-
...

types of Clients:

  •   High-net-worth individuals
  •   Institutional Investors
  •   Trusts, estates, or charitable organizations
  •   Social Enterprises
  •   Corporations
  •   Private debt vehicles
You are required to execute a written agreement with Candide specifying the
services to be received in order to establish a Client arrangement with Candide.

Minimum Investment Amounts Required
There are no minimum investment amounts or conditions required for establishing

a relationship with Candide. In the case of the debt vehicles that we manage,
minimum investments are subject to the governing documents related to each
specific facility.

The fee charged for Research Services as a standalone service is typically
$75,000-$500,000; individual fees will vary, depending on the scope of the
engagement, and will be pursuant to the agreed-upon terms of your contract with
Candide.

For combined Research Services and Investment Management Services, the fee
typically charged is $75,000-$500,000 for the Research Services portion of the
engagement, plus an additional Investment Management Fee based on the AUM
in the Client's account, as described in Item 5 of this brochure. However, fees may
vary based on the breadth and depth of the engagement and will be specified in the
written agreement between the Client and Candide. Candide maintains the right to
waive minimum engagement fees at its sole discretion.