Firm Overview Fort Baker Capital Management LP (“FBCM” or “we”) was formed in 2015 to provide discretionary investment management services to a limited number of investment funds and institutional clients. Our principal place of business is in Larkspur, California. FBCM is a Delaware limited partnership of which Fort Baker Capital LLC (“FBCLLC”) is the sole general partner. Steven Patrick Pigott is the principal owner of FBCM, and as FBCLLC’s sole member, controls FBCM. Advisory Services As of December 31, 2023, FBCM manages regulatory assets under management of approximately $1,244,000,000. We began business in March 2016 by launching Fort Baker Catalyst Fund, LP, a Delaware limited partnership (the “U.S. Feeder”) and Fort Baker Catalyst Offshore Fund, Ltd., a Cayman Islands exempted company (the “Offshore Feeder”), each of which invests essentially all of its assets in Fort Baker Catalyst Master Fund, LP, a Cayman Islands exempted limited partnership (the “Master Fund”). This brochure refers to the U.S. Feeder and the Offshore Feeder as the “Feeders” and to the Feeders and the Master Fund, together, as the “Catalyst Funds.” FBCM is the Catalyst Funds’ investment manager, with discretion to invest, reinvest, and otherwise manage the Catalyst Funds’ assets. It is also the Offshore Feeder’s “sponsor,” with authority to perform certain non-investment activities for that entity. Fort Baker Capital Partners LP (the “General Partner”) is a FBCM affiliate, also controlled by Steven Patrick Pigott, which serves as the U.S. Feeder’s and the Master Fund’s sole general partner. The Feeders’ organizational documents require them to invest essentially all their assets in the Master Fund, so neither FBCM nor the General Partner exercises investment discretion at the Feeder level. We manage the Master Fund pursuant to the objectives described in the confidential offering memorandum (each, an “Offering Memorandum” and collectively, the “Offering Memoranda”) by which each Feeder offers its ownership interests to investors (participating, nonvoting shares in the Offshore Feeder and limited partnership interests in the U.S. Feeder; together “Feeder Investments”). Our investment management agreement with the Master Fund generally imposes no limits on the types

of securities or other instruments in which the Master Fund may invest, the types of positions it may take, the concentration of its investments by sector, industry, fund, country, class or otherwise, the amount of leverage it may employ, or the number or nature of short positions it may take. The Catalyst Funds’ investors do not have the right to specify, restrict, or influence the Catalyst Funds’ investment objectives or any investment or trading decisions. In accordance with common industry practice, the General Partner or FBCM (in its capacity as the Offshore Feeder’s Sponsor) may enter into, and/or cause a Catalyst Fund to enter into side letters or other similar agreements (collectively, “Side Letters”) with particular Limited Partners or Shareholders that have the effect of establishing rights under, or altering or supplementing the terms of, the relevant Catalyst Fund’s governing documents in a manner more favorable to such Limited Partners or Shareholders than those applicable to other Limited Partners or Shareholders. We manage assets for clients other than the Catalyst Funds (“Separatae Account Clients”). Some of these clients are investment vehicles sponsored and/or managed by third party managers unrelated to us, and we we act as a sub-advisor. We generally manage Separate Account Clients accounts pursuant to investment strategies and objectives similar, but not identical, to those of the Catalyst Funds. Our Separate Account Clients include registered investment companies, other regulated investment vehicles (such as EU-regulated “Undertakings for the Collective Investment in Transferable Securities”, or UCITS), and private investment funds. We also participate in certain “alpha capture” programs through which we, from time to time, submit individual trade signals (for example, “buy”, “sell” or “hold” signals for particular securities), generally through an electronic platform, to third-party investment advisors who collect such signals from multiple sources to inform their own trading decisions. While we do not regard this as constituting investment advisory services per se, our participation in these programs is subject to our overall compliance policies and procedures, including our Code of Ethics (described in more detail under Item 11 below). Fort Baker does not participate in wrap fee programs.