Light Capital LLC (“LightCap” or the “Adviser”) is an investment adviser with its principal place of business in Santa Monica, California. The Adviser is a Delaware limited liability company that was founded in November of 2022 by Edward McGlasson, who serves as Chief Executive Officer and Chief Investment Officer. Mr. McGlasson is the principal owner of the Adviser. Investment Management and Advisory Services Offered The Adviser provides family office and investment management services for individuals, small business, private funds and institutional clients on an ongoing discretionary and non-discretionary basis.
LightCap seeks to tailor its investment management services to meet the needs of its individual clients and seeks to ensure, on a continuous basis, that client portfolios are managed in a manner consistent with those needs and objectives, and strategy which generally seek preservation and long-term growth of capital. In designing and implementing customized portfolio strategies, LightCap performs in-depth research to identify and manage, on a discretionary or non- discretionary basis, a broad range of investment strategies and vehicles. LightCap primarily allocates client assets among various individual debt and equity securities, mutual funds, exchange-traded funds (“ETFs”), closed-end funds (“CEFs”), structured products, options, and alternative investments in accordance with clients’ stated investment objectives, risk profile and financial condition.
LightCap may also recommend that clients invest in unaffiliated or affiliated private investment vehicles whose interests are not publicly offered under the Securities Act of 1933 (“Private Funds”). Such Private Funds may be structured as fund of funds or as access vehicles to underlying funds or portfolios managed by third-party investment advisors. The Adviser will, from time to time and as appropriate, solicit clients to invest in such vehicles, and may decide which clients to approach for some or all of these investments, in its own discretion. All relevant information pertaining to Private Fund recommendations, including the compensation received by LightCap (if any) or LightCap affiliate or related person (as applicable) and by the third-party manager resulting from a client’s investment in a Private Fund, other fees and expenses paid by the respective Private Fund, withdrawal rights, minimum investments, qualification requirements, suitability, risk factors and potential conflicts of interest is set forth in the respective Private Fund’s disclosure documents, governing documents and other offering materials pertaining to such interest (the “Offering Materials”). Each investor is required to receive, review and execute (as applicable) the Offering Materials prior to being accepted as an investor in any such Private Fund. Family Office Services LightCap’s family office services range from comprehensive cash flow planning and analysis, bookkeeping and financial reporting, bill pay, tax organization, estate administration and directed trustee services, secure file hosting and document management, and personal assistant services, depending on the needs of each Client. Generally, LightCap evaluates the Client’s financial, business, and investment information and makes recommendations designed with the intention of achieving the Client’s overall goals and objectives. Clients have the option of utilizing the Adviser to implement certain investment recommendations but are under no obligation to do so. Advice and recommendations may also be given on non-securities matters and any implementation of the Adviser’s recommendations is entirely at the Client’s discretion.

Clients are always free to accept or reject any or all recommendations made by the Adviser and Clients retain the authority and discretion on whether or not to implement any recommendations. Clients should understand that a potential conflict of interest exists if the Adviser recommends its own portfolio management services. Cash flow planning recommendations are based on the Client’s financial situation at the time the recommendations are provided and are based on the information provided by the Client. In addition, certain assumptions may be made with respect to interest and inflation rates, use of past trends, and performance of the market and economy. For more information on the risks associated with investing, please refer to Item 8, below.
Donor Advised Fund Services Some clients will establish donor advised funds through various third-party platforms including the Schwab Charitable Fund (each a “Charitable Platform”). The funds will be managed in accordance with the specific investment policies and guidelines established between the Adviser and client. Clients will establish a donor advised account, transfer funds earmarked for charitable donation and recognize a tax deduction in the year that funds are transferred into an account opened on a Charitable Platform. The funds remain in such an account until the Client designates a charity, an amount and a date to donate to such charity. Under independent advisor programs established within each Charitable Platform, donors nominate an independent investment adviser, which could include LightCap, to manage accounts established on the Charitable Platforms. If nominated, LightCap will manage the donor’s account pursuant to investment guidelines established by each Charitable Platform.
Administrative Services As a service to clients, LightCap could provide Administrative Services to certain of its clients. These services range from client reporting, asset allocation, back office functions, and consolidated reporting on Client non-advisory assets. Non-advisory assets are assets independently owned by Clients but not included as assets under management by LightCap. LightCap will report the value of each non-advisory asset to the Client, based solely on the valuations received by LightCap from the third-party managers of the non-advisory assets or other third parties, but LightCap will not have any obligation to independently examine, confirm or review non-advisory asset valuations. These Administrative Services are in addition to other advisory services and are offered and may be performed at an additional charge.
Digital Assets Adviser will assist interested Clients with establishing a digital currency account through an established fiduciary including NYDIG, a custodian for “Digital Assets” including Bitcoin, Ethereum, and other Digital Assets as part of a possible portfolio management diversification strategy for Clients that express an interest in exposure to digital assets.
“Digital Asset” shall mean a digital asset (also called a “cryptocurrency,” “virtual currency,” “digital currency,” or “digital commodity ”), such as Bitcoin, which is based on the cryptographic protocol of a computer network that may be (i) centralized or decentralized, (ii) closed or open- source, and (iii) used as a medium of exchange and/or store of value. Wrap Fee Programs The Adviser does not participate in any wrap fee programs.
Assets under Management (Regulatory Assets Under Management) As of the date of this Brochure, LightCap has $120,166,619 in assets under management, of which $50,638,876 is discretionary and $69,527,743 is non-discretionary.