Fees and Compensation — Form ADV Part 2A (3/10/2020)
[Brochure]
Item 5 - Fees and Compensation
Management Fees
For Kinyan Capital’s services, the Firm generally receives a quarterly management fee equal to
a specified percentage (the “Quarterly Management Fee Rate”) of the Client’s or
Investor’s capital account balance as of the beginning of the relevant calendar quarter. The
Quarterly Management Fee Rate is approximately 2.0% on an annualized basis. These
management fees are generally calculated and deducted by Kinyan Capital at the beginning of
each calendar quarter. While the management fees are not generally negotiable, the Firm may
vary the management fees as to particular Clients or Investors by separate agreement, without
notice to the other Clients or Investors.
The managed account incurs an additional custodial fee for the use of a sub-custodian. The
custodial fee is 2.5 basis points of the average market value of the net assets of the account at
the beginning of each calendar quarter.
Other Expenses
Kinyan Capital will be responsible for, and will pay, all overhead expenses of an ordinary and
recurring nature such as rent, supplies, secretarial expenses, stationery, charges for furniture
and fixtures, employee insurance, payroll taxes, research expenses (including research-related
travel) and compensation of employees. The Funds will bear all other expenses related to the
Funds, including legal, accounting (including third-party accounting services) and auditing
expenses, as well as those related to brokerage and transaction costs.
Kinyan Capital Management LLC Form ADV Part 2A
For a more detailed discussion of brokerage and transaction costs, investors are directed to
Account Minimums and Types of Clients — Form ADV Part 2A (3/10/2020)
[Brochure]
Item 7 - Types of Clients
The Firm currently provides investment advice to a private Fund and a separately managed
account. The Fund imposes minimum investor qualification standards and minimum
investment requirements. Although the Firm has the authority to accept a lesser amount, the
minimum initial investment is $5,000,000. Interests in the Fund generally will be sold only to
persons who are “accredited investors”, as defined in Regulation D of the Securities Act of
1933, as amended, and “qualified purchasers” under section 2(a)(51) of the Investment
Company Act of 1940, as amended.