For purposes of this Brochure, “BLKBRD” or the “Adviser” means BLKBRD Asset Management, LP, or the) a Delaware limited partnership, together with any affiliates that provide investment management and advisory services to its Clients (as defined below), including related personnel. This Form ADV also covers BLKBRD Systematic GP, LLC (the “General Partner”), a limited liability company organized under the state of Delaware, as more fully described below. The General Partner’s facilities and personnel are provided by the Adviser. BLKBRD was founded on August 22, 2023 by Daniel Izzo, who is also the primary owner (the “Principal”) and serves as the Chief Investment Officer (“CIO”) of the Adviser. BLKBRD’s principal place of business is in Greenwich, CT. BLKBRD is an investment management firm that intends to provide advisory services to privately offered pooled investment vehicles which are intended for investment by qualified investors. Generally, investors must be (i) an “accredited investor”, as defined in Regulation D under the U.S. Securities Act of 1933, as amended, and (ii) either a “qualified purchaser”, as defined in the U.S. Investment Company Act of 1940, as amended (the “Company Act”), or a “knowledgeable employee”, as defined under Rule 3c-5 of the Company Act, and must meet other suitability requirements. BLKBRD Systematic Master Fund, LP acts as the “Master Fund” for BLKBRD Systematic Onshore Fund, LP (the “Fund”), a Delaware limited partnership, and BLKBRD Systematic Offshore Fund, Ltd (the “Offshore Fund”), a Cayman Islands exempted company (each generally referred to as “Fund” and collectively, the “Funds” or “Clients”). And BLKBRD Systematic GP, LLC serves as the General Partner to the Fund and the Master Fund. The Funds expect to accept subscriptions from third-party investors on or about February 1, 2024. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The securities of the Funds are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933 and other applicable state, federal or non-U.S. laws. Significant suitability requirements apply to prospective investors in the Funds, including requirements that they be “accredited investors” as defined in Regulation D, “qualified purchasers” as defined in the Investment Company Act, or non-”U.S. Persons” as defined in Regulation S. Persons reviewing this Brochure should not construe this as an offer to sell or a solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. The Fund and Offshore Fund will conduct

all investing and trading activities through the Master Fund, which seeks high-caliber risk-adjusted returns over various market cycles through a data driven, systematic trading and investment platform. In pursuing consistent returns, the Master Fund actively seeks uncorrelated strategies in a broad spectrum of asset classes and available public securities globally. Capital is invested across different products and strategies based on the Adviser’s analysis of market conditions dictating which opportunities are empirically available at specific times. The descriptions set forth in this Brochure of specific advisory services that the Advisers offers, and investment strategies pursued by the Adviser, should not be understood to limit in any way the Adviser’s investment activities. The Adviser may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that it considers appropriate, subject to each Client’s investment objectives and guidelines. The investment strategies pursued are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. BLKBRD’s advisory services are provided on a discretionary basis to the Clients, pursuant to the terms of the Clients’ relevant offering documents and agreements referenced to therein (the “Offering Documents”) and based on the specific investment objectives and strategies as disclosed in the Offering Documents. Investment management and advisory services are provided directly to the Funds and not individually to the investors in the Funds. Investors may not impose additional restrictions on the management of the Funds. In connection with the negotiation of fund and subscription terms and, as contemplated by the relevant Offering Documents, BLKBRD expects that the Funds will, from time to time, in its sole discretion, enter, into “side letters” or similar agreements pursuant to which the Fund has granted, and expects to grant, specific rights, benefits, or privileges to certain investors. BLKBRD does not intend on participating in a wrap fee program at this time. The Adviser has submitted its initial application for registration with the SEC under Rule 203A- 2(c) of the Advisers Act, which provides an exemption from the prohibition on registration available to an adviser that reasonably expects to obtain the assets under management required to be registered within 120 days. As such, BLKBRD does not manage any Client assets at this time. Within 120 days of its registration, BLKBRD will amend this Item to indicate its eligibility by disclosing the amount of its regulatory assets under management. .