Boone Capital Management LLC is a Delaware limited liability company that was formed in January 2021. The Firm is principally owned by Daniel Walter Boone IV (the “President and CIO” or “Mr. Boone”). The Firm’s principal place of business is located in Atlanta, Georgia. The Firm provides discretionary investment advice to pooled investment vehicles operating as private investment funds which are organized as domestic or foreign limited partnerships or company (collectively, the “Client Funds”). As of December 31, 2023, BCM had approximately $581,328,000 in regulatory assets under management on a discretionary basis. BCM’s current clients include a family of private investment funds operating through a master-feeder structure. The Master-Feeder Structure includes the following entities:
• BCM Scout Fund LP (the “Master Fund”)
• BCM Scout Domestic LP (the “Onshore Feeder”)
• BCM Scout International Ltd. (the “Offshore Feeder”) The Onshore Feeder and the Offshore Feeder invest substantially all of their assets in the Master Fund. The Master Fund trades in securities and investment instruments and otherwise executes the investment program. BCM Scout Fund GP LLC (the “Fund GP”) is the general partner of the Master Fund and the Onshore Fund and is also principally owned by Mr. Boone. In general, BCM’s objective is to achieve capital appreciation by pursuing a long-biased strategy, primarily by investing in U.S. and non-U.S. healthcare companies across all market capitalizations. The Firm seeks to use short positions to generate absolute returns,

will invest in companies indirectly related to healthcare that have a meaningful healthcare division, as determined in the Firm’s sole discretion, and will also opportunistically invest in other sectors from time to time. BCM does not tailor its advisory services to the individual needs of the underlying investors in the Client Funds. BCM has discretion to manage the investment program of each Client Fund in its judgement, subject to the investment guidelines and restrictions set forth in the investment management agreement (“IMA”) between the relevant Client Fund and BCM. BCM does not currently participate in wrap fee programs. This Brochure does not constitute an offer to sell or a solicitation to buy any securities. The Client Funds’ interests are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933, as amended, and other exemptions of similar import under U.S. federal and state laws and the laws of other jurisdictions where any offering may be made. The descriptions set forth in this Brochure regarding the specific advisory services, investment strategy pursued, and investments made by BCM on behalf of its clients should not be understood to limit in any way BCM’s investment activities. BCM may offer any advisory services, engage in any investment strategy, and make any investment, including any not described in this Brochure, that BCM considers appropriate provided that such an activity is permitted by the Client Funds’ offering materials and governing documents in addition to any applicable regulations.