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A current guide to CAIA Level I, including the 2026 computer-based format, 200 multiple-choice questions, two 100-question sections, Prometric scheduling, optional break rules, approved calculator policy, and official topic weights.
CAIA Level I tests foundational alternative-investments knowledge. Preparation should follow the official CAIA curriculum and weight study time around alternative investment concepts, real assets, private debt, hedge funds, private equity, digital assets, funds of funds, and ethics.
Use these points before building a CAIA Level I study plan or scheduling a Prometric appointment.
CAIA Level I is the first exam in the Chartered Alternative Investment Analyst program.
The CAIA exam is computer based and scheduled through Prometric test centers, with online proctoring available by approved exception only.
The 2026 Level I exam consists of 200 multiple-choice questions.
The exam session includes 100 multiple-choice questions in section 1 and 100 multiple-choice questions in section 2, with an optional break between sections.
Introduction to Alternative Investments, Real Assets, Hedge Funds, and Private Debt carry the largest 2026 topic-weight ranges.
Candidates should confirm CAIA approved calculator rules and practice calculations with the same model before exam day.
CAIA states that exam content comes from the exam-year curriculum. Candidates should use the 2026 digital curriculum, curriculum companion, learning objectives, and official handbook rather than older outlines.
Level I is built from 200 multiple-choice questions across two sections of 100 questions. Practice should include full-section pacing as well as shorter topic drills.
The largest 2026 Level I ranges are Introduction to Alternative Investments at 20-28%, Real Assets at 14-20%, Hedge Funds at 15-19%, and Private Debt at 12-16%.
Before the appointment, confirm the CAIA exam window, scheduling status, ID requirements, calculator rules, arrival time, optional break rules, and any accommodation approval.
Use this CAIA Level I exam help page for exam-specific context, then compare the broader online exam help services page or contact HiraEdu if you need a direct handoff. This page stays focused on CAIA Level I while the linked service pages cover broader exam support options.
CAIA Level I is the first exam in the Chartered Alternative Investment Analyst program and focuses on the core alternative-investments knowledge base. The 2026 CAIA handbook lists Level I as a computer-based exam with 200 multiple-choice questions, divided into two 100-question sections with an optional break between sections. Current Level I topic weights are CAIA Ethical Principles (8-12%), Introduction to Alternative Investments (20-28%), Real Assets (14-20%), Private Equity (8-12%), Private Debt (12-16%), Hedge Funds (15-19%), Digital Assets (4-8%), and Funds of Funds (1-5%). Preparation should cover the official CAIA curriculum, learning objectives, calculator practice, institutional allocation concepts, risk and return measures, valuation basics, fund structures, performance measurement, due diligence concepts, crypto and distributed-ledger basics, real estate and infrastructure, private credit, hedge fund strategies, and fund-of-funds considerations. Candidates should verify the current CAIA exam window, Prometric appointment, ID rules, approved calculator policy, optional break rules, and CAIA candidate policies before exam day.
The 2026 CAIA Level I exam consists of 200 multiple-choice questions in a computer-based session, split into two 100-question sections with an optional break between sections.
The 2026 topics are CAIA Ethical Principles, Introduction to Alternative Investments, Real Assets, Private Equity, Private Debt, Hedge Funds, Digital Assets, and Funds of Funds.
The largest 2026 ranges are Introduction to Alternative Investments at 20-28%, Real Assets at 14-20%, Hedge Funds at 15-19%, and Private Debt at 12-16%.
Yes. CAIA candidates schedule computer-based exam appointments through Prometric test centers, while online proctored exams are available by approved exception only.
Use the official CAIA curriculum and curriculum companion, study by learning objective, practice calculations with an approved calculator, and complete timed multiple-choice sets that mirror the two-section structure.
Check the CAIA account, exam window, Prometric appointment, confirmation email, ID name match, calculator policy, and arrival instructions.
Build a study calendar around the 2026 weights, giving extra time to Introduction to Alternative Investments, Real Assets, Hedge Funds, and Private Debt.
Use the curriculum companion to turn each reading into objective-based practice across concepts, calculations, terminology, and application questions.
Simulate 100-question sections, review flagged items, and train a calculator workflow that holds up under the exam clock.
Review Prometric rules, required ID, permitted calculator, personal-belongings policy, optional break procedure, and the CAIA nondisclosure agreement before the appointment.
Use the guide to self-serve, or talk to a coordinator if you need help mapping timelines, official requirements, or troubleshooting day-of logistics.
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