# Cain Capital Management, LP

> Cain Capital Management, LP is an SEC-registered investment advisory firm in Dallas, TX, registered since 2002, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 113592
- Filed as: CAIN CAPITAL MANAGEMENT, LP
- Legal name: Cain Capital L.L.C.
- Also doing business as: CAIN CAPITAL MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113592
- AdvisorCensus page: https://advisorcensus.com/firm/cain-capital-management-lp-dallas-tx-113592

## Quick answers

**How is Cain Capital Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Cain Capital Management, LP reports these compensation arrangements: fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Cain Capital Management, LP located?**
Cain Capital Management, LP's principal office is in Dallas, TX, according to its Form ADV.

**Is Cain Capital Management, LP registered with the SEC or a state?**
Cain Capital Management, LP is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 113592.

**How much does Cain Capital Management, LP manage?**
Cain Capital Management, LP reports $171,175,266 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (100% discretionary).

**How have Cain Capital Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Cain Capital Management, LP: Regulatory assets under management: $133,204,365 in the October 2021 data and $171,175,266 in the October 2026 data, up 29%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cain Capital Management, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11); individuals (other than high net worth individuals) (9); high net worth individuals (4).

**Which custodians does Cain Capital Management, LP use?**
Cain Capital Management, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley as a custodian holding 10% or more of its separately managed account assets.

**Does Cain Capital Management, LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/113592

## From the Form ADV filing

### Compensation (Item 5.E)
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $171,175,266
- Discretionary: $171,175,266
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 9 | $1,099,079 |
| High net worth individuals | 4 | $147,774,812 |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $22,301,375 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2002 (24 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $133,204,365 | 4 | March 12, 2021 |
| October 2022 | $165,692,516 | 4 | April 4, 2022 |
| October 2023 | $155,834,102 | 4 | March 13, 2023 |
| October 2024 | $138,730,617 | 4 | March 11, 2024 |
| October 2025 | $164,814,307 | 4 | February 25, 2025 |
| October 2026 | $171,175,266 | 4 | October 1, 2026 |

Regulatory assets under management: $133,204,365 in the October 2021 data and $171,175,266 in the October 2026 data, up 29%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cain Capital Management, LP (CRD 113592): Form ADV filing data as of October 2026.