BAM’s predecessor, Balyasny Capital Management LLC (referred to as “BCM” or the “Manager”), was founded in December 2001 by Dmitry Balyasny. In December 2003, BCM converted from a limited liability company to a limited partnership. Then, in January 2004, BCM’s name was changed to Balyasny Asset Management L.P. Mr. Balyasny owns approximately 70% of BAM and is the only principal owner of BAM. BAM provides investment advisory services to high net-worth individuals and institutional clients through privately offered pooled investment funds (referred to as the “Investment Funds”). BAM specializes in investing in a variety of alternative asset classes and strategies, but generally focuses on fundamental long/short equity, macro, commodities, systematic trading and equity arbitrage & credit investing. The Investment Funds are formed as limited partnerships, limited liability companies and offshore corporations and trusts. The Investment Funds that are offered within the United States as well as to “U.S. Persons” in general (collectively, “U.S. Offerings”) (as defined by Regulation S under the U.S. Securities Act of 1933, as amended) are available only to persons who are “accredited investors” under the Securities Act of 1933, as amended, and only to persons who are “qualified purchasers” under the Investment Company Act of 1940, as amended (the “IC Act”). Additionally, all investors must also be “qualified clients” under the Advisers Act of 1940, as amended. The Investment Funds are not registered as investment companies under the IC Act and are not made available to the general public. BAM’s Investment Funds are managed by BAM in its sole discretion. Interests in the Investment Funds are offered only by means of a private placement memorandum (also referred to as an offering memorandum). The Investment Funds are funded through capital contributions. Withdrawals are permitted in accordance with the terms of each Investment Funds private placement memorandum at the current net asset values. The Investment Funds engage in a range of alternative investment strategies and are generally focused on sector-based fundamental long/short equity (including, without restriction, investments in financial, consumer/retail, information technology, energy and industrials), short- and medium-term trading portfolios, global macro trading, special situations, distressed companies and arbitrage opportunities, both within and outside U.S. markets. In general, BAM provides investment advisory services to pooled investment funds. BAM’s services to the Investment Funds are provided pursuant to the terms of the relevant offering memorandum. Amongst other things, BAM has discretion with respect to investment decisions made on behalf of the Investment Funds in a broad range of U.S. and non-U.S. equity, equity-linked and non-equity financial instruments, including derivatives, as well as the strategies used to employ investments made in these instruments. BAM will also determine to use specific brokers, dealers, prime brokers and other counterparties that facilitate, write, settle and clear these transactions. Further, BAM shall determine commission amounts and other forms of compensation paid by the Investment Funds. The terms, conditions and investment strategies of each of the Investment Funds are as described more fully in the respective Investment Fund’s offering memorandum. The investment objectives of the Investment Funds may not be customized. However, BAM, from time-to-time, may advise separately managed accounts. Clients of these separately managed accounts may customize the services obtained on behalf of the separate account as well as the fee and liquidity terms. As part of the investment program, the Investment Adviser retains third-party managers ("External Managers") to manage, on a discretionary basis, portions of the Investment Funds’ assets through direct sub-advisory relationships (“BAM Labs”). In general, such External Managers follow investment strategies that are in-line with the Investment Funds’ investment program. The Investment Adviser believes that the use of External Managers enables the Investment Funds to enhance performance by expanding the investment expertise available to the Investment Funds, providing access to certain markets and providing access to strategies not otherwise deployed by the Investment Adviser and/or other opportunities. Although

various levels of discretion may be given to such External Managers, the Investment Adviser remains responsible for monitoring the External Managers' performance in the Investment Funds' portfolio. Such External Managers will charge performance-based fees for their management services and will receive an advance draw against their performance-based fees. Fees paid to External Managers, and expenses attributed to External Managers will be similar to the fees and expenses of internal portfolio managers (each individually, a “Portfolio Manager” and collectively, the “Portfolio Managers”); however, draws against their performance-based fees will be larger. External Managers, who are not employees of BAM, are responsible for hiring of personnel and certain other aspects of their business, although BAM generally retains ultimate control over the accounts managed by such External Managers. Further, External Managers also manage capital for one or more other clients. The Manager is in the process of launching or has recently launched (i) one or more new funds that will invest in privately-placed equities as part of, in one case, and all of, in the other case, their respective investment programs (the “Growth Equity Programs”), (ii) one or more new funds that will invest primarily in credit investments (the “Credit Dislocation Programs”) and (iii) BAM Labs, an external subadvisor program whereby third-party manager are retained by the Investment Adviser to manage, on a discretionary basis, assets of the Investment Fund and assets of its trading subsidiaries, client accounts and proprietary accounts, that the Investment Adviser, the Manager and their principals and affiliates are, and may continue to be, affiliated with and/or render services to, as applicable (collectively, “Other Accounts”) through direct sub-advisory relationships. The Manager and the Investment Adviser expect that certain conflicts will arise due to these new programs, including, but not limited to, conflicts related to the application of the Investment Adviser’s investment allocation policies to the investment programs of the new funds. The Manager and Investment Adviser will do their best to mitigate any potential conflicts by obtaining the required consents and an independent valuation of any securities traded between the Investment Fund and the new funds. The Investment Adviser will manage each of these new programs in a manner that is consistent with its fiduciary duties to each of the applicable Investment Funds. With respect to BAM Labs, the External Managers engaged by the Investment Adviser manage capital for Atlas Enhance Master Fund, Ltd., Atlas Master Fund, Ltd., and Atlas Diversified Master Fund, Ltd., (each individually, a “Master Fund” and collectively, the “Master Funds”) and/or one or more Other Accounts. Such External Managers will also manage capital for one or more other clients. The External Managers will charge performance-based fees for their management services and each Portfolio Manager, including each External Manager, will receive an advance draw against its performance-based fees. At the end of each year (or such other time that performance-based fees are determined), the performance-based fees earned by each Portfolio Manager will be reduced by all advance draws received by such Portfolio Manager during the relevant period. In the event that the total advances received by a Portfolio Manager exceed the performance-based fees that such Portfolio Manager has earned for such performance period, then such Portfolio Manager's performance-based fees will be subject to a loss carryforward in the following year. Fees paid to External Managers, and expenses attributed to External Managers, will be similar to the fees and expenses of internal Portfolio Managers; however, draws against their performance-based fees will be larger. External Managers, who are not employees of the Investment Adviser, are responsible for hiring of personnel and certain other aspects of their business, although the Investment Adviser generally retains ultimate control over the accounts managed by such External Managers. As of the date this Brochure was published, BAM does not participate in wrap fee programs. As of March 1, 2023, BAM managed approximately $19,017,700,000 in client assets on a discretionary basis. BAM does not manage client assets on a non-discretionary basis.