Baseline Partners LLC

Baseline Partners LLC is an investment adviser registered with the SEC, founded in November 2018. The firm primarily manages two private investment funds, Baseline CRE Income Fund, LLC, and Baseline Credit Opportunity Fund, LLC. Baseline aims to preserve and protect capital while generating stable cash distributions by investing in credit opportunities within the U.S. commercial real estate markets. The firm's Regulatory Assets Under Management were $110,645,959 as of October 31, 2025. Baseline charges management fees based on the class of units held by fund members, ranging from 1.0% to 2.0% per annum of the Fund's Net Asset Value. Incentive allocations are also applicable based on the fund's performance. The firm discloses potential conflicts of interest arising from common ownership with Baseline Investments LLC and The Cardon Group LLC. Baseline exercises discretionary authority over the Funds' investments and has implemented a proxy voting policy to act in the best interests of clients. Clients are provided with regular reports and financial statements. Baseline does not engage in principal transactions for client accounts and has no financial conditions impairing its ability to meet contractual commitments. For further details, clients can contact Debbie Burris, Baseline's Chief Compliance Officer.