Tetragon Partners L.P.

• A percentage of assets under your management
• Performance-based fees
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated June 4, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$6,401,701,098 as of October 2026, filing dated June 4, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients
• Other

Also doing business as

BANYAN SQUARE PARTNERS L.P. (RELYING ADVISER), CONTINGENCY CAPITAL LLC (RELYING ADVISER), EQUITIX EUROPEAN INFRASTRUCTURE I GP S.A.R.L. (AFFILIATED ADVISER), EQUITIX GP 2 LIMITED (AFFILIATED ADVISER), EQUITIX GP 3 LIMITED (AFFILIATED ADVISER), EQUITIX GP 4 LIMITED (AFFILIATED ADVISER), EQUITIX GP 5 LIMITED (AFFILIATED ADVISER), EQUITIX GP 6 LIMITED (AFFILIATED ADVISER), EQUITIX GP 7 LIMITED (AFFILIATED ADVISER), EQUITIX INVESTMENT MANAGEMENT LIMITED (AFFILIATED ADVISER), EQUITIX MA GP 17 LIMITED (AFFILIATED ADVISER), EQUITIX MA GP 2 LIMITED (AFFILIATED ADVISER), EQUITIX MA GP 20 LIMITED (AFFILIATED ADVISER), EQUITIX MA GP 21 LIMITED (AFFILIATED ADVISER), EQUITIX MA GP 8 LIMITED (AFFILIATED ADVISER), EQUITIX MA GP THOR LIMITED (AFFILIATED ADVISER), HAWKE'S POINT MANAGER L.P. (RELYING ADVISER), POLYGON RECOVERY MANAGER LP (RELYING ADVISER), TCI CAPITAL MANAGEMENT II LLC (RELYING ADVISER), TCI CAPITAL MANAGEMENT LLC (RELYING ADVISER), TETRAGON CREDIT INCOME PARTNERS II LTD. (RELYING ADVISER), TETRAGON CREDIT INCOME PARTNERS III LTD. (RELYING ADVISER), TETRAGON CREDIT INCOME PARTNERS IV LTD. (RELYING ADVISER), TETRAGON CREDIT INCOME PARTNERS V LTD. (RELYING ADVISER), TETRAGON GLOBAL EQUITIES L.P. (RELYING ADVISER), TETRAGON LIFE SCIENCES L.P. (RELYING ADVISER), TETRAGON PARTNERS UK LLP (RELYING ADVISER), TETRAGON PARTNERS US LP (RELYING ADVISER), WESTBOURNE RIVER PARTNERS L.P. (RELYING ADVISER)

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2012 (14 years)

Employees

Total: 122. Performing investment advisory functions: 48.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

BofA Securities, Inc.UBS Securities LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

2 other offices, as of the July 2026 filing

Boston, MALondon

States registered or notice-filed

Not reported.

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

1 Reports 1 disclosure item on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $18,405,949,444 in the October 2021 data and $6,401,701,098 in the October 2026 data, down 65%.

Total employees: 112 in October 2021 and 122 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. July 2026
   • No longer lists the business name LCM Euro LLC (Relying Adviser).
   • No longer lists the business name LCM Euro II LLC (Relying Adviser).
   • No longer lists the business name LCM Asset Management LLC (Relying Adviser).
   • Regulatory assets under management went from $12,894,557,040 to $6,401,701,098 (-50%).
2. April 2026
   • Added the business name Equitix MA GP 21 Limited (Affiliated Adviser).
   • Added the business name Equitix GP 7 Limited (Affiliated Adviser).
   • Added the business name Equitix GP 5 Limited (Affiliated Adviser).
   • Employees performing advisory functions went from 47 to 48.
   • Regulatory assets under management went from $15,244,345,851 to $12,894,557,040 (-15%).
3. February 2026
   • No longer lists the business name TFG Asset Management US LP (Relying Adviser).
   • No longer lists the business name TFG Asset Management UK LLP (Relying Adviser).
   • No longer lists the business name TFG Asset Management Global Equities L.P. (Relying Adviser).
   • Added the business name Tetragon Partners US LP (Relying Adviser).
   • Added the business name Tetragon Partners UK LLP (Relying Adviser).
   • Added the business name Tetragon Global Equities L.P. (Relying Adviser).
   • Changed its legal name from TFG Asset Management L.P. to Tetragon Partners L.P..
   • Changed its office addresses in Boston, MA.
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.