Falcon Bridge Capital (“FBC”) is a Delaware limited liability company (LLC) formed in 2007. Falcon Bridge Capital II is registered with the SEC as a Registered Investment Adviser (RIA). FBC II provides both discretionary and non-discretionary advice to Institutional Investors, Private Equity groups and Banking Entities. From 2008 to 2015, FBC II was a member of a Joint Venture Agreement (JV), with the Carlyle Group. Currently, FBC II is functioning in the role of an Investment Advisor to various substantial Institutional Investors. Falcon Bridge Capital II advice to Institutional Investors relates to Agency, Credit Risk Transfer and Non-Agency Residential Mortgage-backed securities (RMBS) and other mortgage credit securities. FBC’s advise generally involves the purchase, management, surveillance, and reporting on RMBS investments. Non-Agency RMBS securities are bonds backed by nonconforming residential mortgage loans located throughout the United States. As discussed in Item 8, below, unlike Agency RMBS, where losses are explicitly or implicitly backed by the full faith and credit of the US Government, Non-Agency RMBS are not backed by the US Government. Additionally, Falcon Bridge Capital II, in a non-registered capacity, provides State and Federally Charted Banking Entities with comprehensive guidance regarding acquisition of Residential Mortgage Whole Loans. These whole loan purchases are not securities, do not trade on a listed exchange and have not been assigned a QUSIP number. In F/Y 2020 Falcon Bridge Capital LLC established a separate business line focusing on the refinance of residential mortgages. This business line is distinct in in its reporting organization and licensing requirements. This line of business, residential

mortgage refinance does not involve any registered securities or derivates. This Form ADV covers only Falcon Bridge II securitized activities as under the purview of the SEC. Reference to Falcon Bridge Capital (“FBC”) in this brochure is addressed to Falcon Bridge Capital II which is registered with the SEC as a Registered Investment Adviser (RIA). The Offering Materials contain more detailed information, including a description of the investment objective and strategy or strategies employed and related restrictions that serve as a limitation on Falcon Bridge Capital II advice or management. Clients and Investors are strongly encouraged to undertake appropriate due diligence, including but not limited to a review of relevant Offering Materials and the additional details about Falcon Bridge Capital II investment strategies, methods of analysis and related risks in Item 8 of this Brochure in considering whether a Falcon Bridge Capital II advisory service is appropriate to their own circumstances based on all relevant factors including, but not limited to, the Client’s or Investor’s own investment objectives, liquidity requirements, tax situation and risk tolerance before making an investment decision. The general partner and principal owner of both Falcon Bridge Capital II LLC and parent company Falcon Bridge Capital LLC, is Mr. Sunil Chowdry. Mr. Chowdry is the Chief Executive Officer (CEO). Mr. Chowdry is a Chartered Financial Analyst (CFA) and has over 20 years of experience in the banking and investment management industry with a broad emphasis in risk management, structured finance, hedging and financial analysis. As of February 28, 2023, Falcon Bridge Capital had assets under management of approximately $130 million, managed on a discretionary and non-discretionary basis.