FEES AND COMPENSATION
A. Advisory Fees and Compensation
Jain Global does not currently have a general fee schedule. Fees and expenses associated with an investment
in the Funds are set forth in the Offering Documents for each Fund. The Fund General Partners (or their
affiliates) will receive performance-based compensation from the Multi-Strategy Funds and the STF Funds
(the “Incentive Allocation”).
The STF Funds pay a management fee to Jain Global (the “STF Management Fee”). Terms of the STF
Management Fee are detailed in the STF Funds’ Offering Documents.
B. Payment of Fees
The Multi-Strategy Funds and the STF Funds both allocate an Incentive Allocation to their respective Fund
General Partners (or their affiliates) on an annual basis or upon an investor’s withdrawal or redemption
from the applicable Fund. For the Multi-Strategy Funds, the Incentive Allocation is deducted from the
assets of the Domestic Multi-Strategy Feeder Fund and the Multi-Strategy Intermediate Fund (i.e.,
indirectly from the Offshore Multi-Strategy Feeder Fund) and reallocated to the Multi-Strategy General
Partner. For the STF Funds, the Incentive Allocation is deducted from the assets of the STF Master Fund
(i.e., indirectly from the STF Feeder Funds) and reallocated to an affiliate of the STF General Partner.
The Domestic STF Feeder Fund and the STF Intermediate Fund (i.e., indirectly, the Offshore STF Feeder
Fund) pay Jain Global the STF Management Fee, which is calculated and paid in advance on the first day
of each calendar quarter. Installments of the STF Management Fee payable for any period other than a full
calendar quarter will be adjusted on a pro rata basis according to the actual number of days in such period.
C. Additional Fees and Expenses
Each Multi-Strategy Fund bears all of its expenses and its share of each Multi-Strategy Master Fund’s direct
and indirect expenses (collectively, the “Multi-Strategy Fund Expenses”), in each case, including such
expenses incurred at or prior to the formation of the Multi-Strategy Funds and prior to the initial closing of
the Multi-Strategy Funds. Indirect Multi-Strategy Fund Expenses include the expenses of any Multi-
Strategy Fund, including any Fund formed in the future. The types of expenses that are borne directly and
indirectly by the Multi-Strategy Funds are not limited and will include any expenses related to the Multi-
Strategy Funds, as well as Investment Adviser Pass-Through Multi-Strategy Fund Expenses (as defined
below).
The Multi-Strategy Funds do not pay a management fee to Jain Global. Instead, the Multi-Strategy Funds
are responsible for paying, either directly or by reimbursing the Management Group Entities, for all manner
of start-up, ongoing operational and other expenses of the Management Group Entities related to the Multi-
Strategy Funds, including, for the avoidance of doubt, routine expenses, extraordinary expenses, operating
expenses and capital expenditures of all types, and compensation expenses of Management Group
Personnel for the Multi-Strategy Funds (collectively, the “Investment Adviser Pass-Through Multi-
Strategy Fund Expenses”), in each case, including such expenses incurred at or prior to the formation of
the Funds and prior to the initial closing of the Funds.
The following descriptions of the Multi-Strategy Fund Expenses and Investment Adviser Pass-
Through Multi-Strategy Fund Expenses are a high-level summary, and do not reflect every type of
Multi-Strategy Fund Expense or Investment Adviser Pass-Through Multi-Strategy Fund Expense
that may be borne by the Multi-Strategy Funds as contemplated currently or as may exist in the
future. The Multi-Strategy Funds’ Offering Documents contain specific disclosures listing
representative categories of expenses that the Multi-Strategy Funds will bear, and those disclosures
should be reviewed carefully. All statements herein relating to expenses borne by the Multi-Strategy
Funds are qualified in their entirety by the Multi-Strategy Funds’ Offering Documents. The
description below applies to the Multi-Strategy Funds—the STF Funds have materially different
expense terms, which are detailed in the Offering Documents. Please see disclosures below regarding
the allocation of expenses among the STF Funds and the Multi-Strategy Funds.
Examples of Multi-Strategy Fund Expenses include: (i) organizational and offering expenses of the Multi-
Strategy Funds (including organizational expenses, initial and ongoing expenses incurred in connection
with the offer and sale of interests and legal fees and other expenses related to the documentation and
negotiation of definitive agreements with certain investors, if applicable); (ii) investment-related expenses
(including all fees, costs and expenses related to investment and trading activities of the Multi-Strategy
Funds, investments in Third-Party Portfolio Funds (as defined in Item 8.A below), costs associated with
recruiting, retaining and compensating External Investment Teams and fees, costs and expenses relating to
or otherwise arising from the Multi-Strategy Funds’ borrowings and other forms of financing); (iii) fees,
costs and expenses relating to data, research and technology (including costs related to data acquisition and
use, expenses related to research, diligence, implementation, maintenance, monitoring and development of
investment strategies employed on behalf of the Multi-Strategy Funds and data center and other technology-
related expenses); (iv) fees, costs and expenses associated with the Multi-Strategy Funds’ administrator, as
well as accounting, taxes and tax preparation, audits and preparation of audited financial statements,
valuation and proxy service providers and insurance expenses; (v) fees and expenses associated with any
board of directors or advisory committee or advisory board of the Multi-Strategy Funds; (vi) fees, costs and
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