Kings Path Partners LLC (hereinafter “KPP”, “Firm”, “Adviser”, “we” or “our”) is a Limited Liability Company organized in the State of Texas. The Firm was formed in May 2015, and the principal owner is Michael Mulcahy.
INVESTMENT ADVISORY SERVICES KPP provides investment advisory services based upon client goals, investment objectives and risk tolerance. Investment advisory services are administered for discretionary and non discretionary accounts according to the client’s investment advisory agreement. For larger clients, KPP may recommend third-party managers for separately-managed accounts or private investment funds.
In addition, KPP offers advisory services to employee benefit plans and their participants.
These services are designed to assist plan sponsors in meeting their management and fiduciary obligations to the participants under the Employee Retirement Income Securities Act (“ERISA”).
As of December 31, 2022, KPP maintained approximately $981,284,873 in assets under management. Of these assets under management, $199,615,694 were managed by KPP on a discretionary basis and $781,669,179 were managed on a non-discretionary basis.
SELECTION OF OTHER ADVISERS KPP utilizes CAIS Capital LLC (“CAIS”) and iCapital Network (“iCapital”) to access various private funds. KPP does not receive any financial compensation when a client purchases an offering on either of their platforms. Investors accessing private funds through CAIS or iCapital are required to represent that they are (i) an accredited investor, as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended and (ii) a qualified purchaser as defined in Section 2(a)(51)(A) of the Investment Company Act of 1940, as amended.
KPP may utilize third-party investment advisers for certain investments such

as separately managed accounts or fund of fund products. For cash management, KPP provides access to accounts managed by StoneCastle Cash Management, LLC which is a subsidiary of StoneCastle Partners, LLC. For line of credit services, KPP provides qualified clients access to Goldman Sachs Private Bank Select services. KPP receives no compensation from third party managers or referral fees for services not offered by KPP.
FINANCIAL PLANNING AND EDUCATION Financial planning is offered as a stand-alone service. Financial planning subject areas include, but are not limited to:
• Goals-based planning
• Budget and cash flow planning
• Estate/trust planning
• Tax-efficiency planning Individualized financial plans are created based upon the goals and objectives of each client.
CONSULTING AND CONCIERGE SERVICES KPP offers a broad range of consulting services and concierge services including general management consulting, financial consulting, personal Chief Financial Officer (“CFO”) services, philanthropic guidance, family office design and management and trust/estate planning and administration.
ERISA Accounts: KPP is deemed to be a fiduciary to advisory clients that are employee benefit plans or individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities Act ("ERISA"), and regulations under the Internal Revenue Code of 1986 (the "Code"), respectively. As such, our firm is subject to specific duties and obligations under ERISA and the Internal Revenue Code that include among other things, restrictions concerning certain forms of compensation. To avoid engaging in prohibited transactions, KPP may only charge fees for investment advice about products for which our firm and/or our related persons do not receive any commissions or 12b-1 fees.