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Adviser Profile

As of Date 03/28/2024
Adviser Type - Related adviser
Number of Employees 56 16.67%
of those in investment advisory functions 28 16.67%
Registration SEC, Approved, 03/31/2023
AUM* 57,079,182 100.00%
of that, discretionary 57,079,182
Private Fund GAV* 57,079,183 100.00%
Avg Account Size 57,079,182
SMA’s No
Private Funds 1
Contact Info 816 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
1 1 1 1
2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count1 GAV$57,079,183

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Brochure Summary

Overview

Palmer Square Private Credit Management LLC (“Palmer Square Private Credit” or the “Adviser,” the “Firm,” “we,” or “us”) is a limited liability company organized under the laws of the State of Delaware that was formed on December 21 in 2022. Palmer Square Private Credit provides discretionary portfolio management and investment advisory services to the Palmer Square Private Credit Fund (the “Private Credit Fund”), which is a non- diversified closed-end pooled investment vehicle operating pursuant to the exclusion from the definition of an “investment company” in Section 3(c)(1) of the Investment Company Act of 1940, as amended (the “1940 Act”). The Private Credit Fund is not required to register as an investment company under the 1940 Act in reliance upon the Section 3(c)1 exemption which is available to funds (i) whose securities are not publicly offered and (ii) that hold less than 100 investors. Palmer Square Private Credit manages the Private Credit Fund on a discretionary basis in accordance with the investment strategy description and the terms and conditions of the Private Credit Fund’s offering and organizational documents and any relevant supplements to those documents. The Private Credit Fund was formed on December 29, 2022, as a Delaware statutory trust and is a financial services company that primarily lends to and invests in corporate debt securities of companies, including small to large private U.S. companies. Currently, this investment strategy is suitable only for sophisticated investors with substantial net worth and who are able to bear the risks of the strategies employed. The Private Credit Fund focuses the majority of its portfolio in privately originated and privately negotiated investments, predominantly direct lending to U.S. companies through (i) first lien senior secured and unitranche loans and (ii) second lien, unsecured, subordinated or mezzanine loans and structured credit, as well as broadly syndicated loans, club deals (generally investments made by a small group of investment firms) and other debt and equity securities. Investors and/or prospective investors should be aware of additional risks associated with investing in the Private Credit Fund, many of which are described in its governing documents. The Private Credit Fund may invest in other funds managed by Palmer Square Private Credit and its affiliates, including other private funds exempt from registration under the 1940 Act, CLOs, CDOs and Warehouses. For more information on these investments, please see the offering materials for each applicable fund at palmersquare.com. Palmer Square Palmer Square Private Credit is majority owned by Palmer Square Capital Management LLC, (individually and collectively with its affiliates “Palmer Square”). As an enterprise, Palmer Square provides investment
advisory services (including on a sub-advisory basis) to institutions, high net worth individuals, investment companies and other pooled investment vehicles (each, a “client”). Palmer Square serves as managing member, investment manager, collateral manager, collateral servicer, or portfolio manager to several types of investment vehicles, including investment companies registered under the 1940 Act, as amended (“Registered Funds”), collective investment trusts (“CITs”), U.S. and non-U.S. private investment funds structured as 6 6 hedge funds, private funds and fund of hedge funds (“Private Funds”), investment entities structured as collateralized loan obligations (“CLOs”), investment entities structured as collateralized debt obligations (“CDOs”), and investment vehicles organized to hold loans on a short-term basis prior to the launch of a CLO or CDO (“Warehouses”) (together with the Registered Funds, CITs, Private Funds, the CLOs and the CDOs, the “Palmer Square Funds”, and each of the Palmer Square Funds a “Palmer Square Fund”). Additional Information Palmer Square and/or its affiliates may advise additional clients or investment vehicles without consulting its clients. In connection with the operation of such additional clients, Palmer Square and/or its affiliates employ substantially similar investment strategies and/or invest in substantially similar securities to the strategies employed or securities invested by other clients. Please refer to Item 10 for additional discussion regarding the affiliates of Palmer Square. Investors in the Palmer Square Funds, including the Private Credit Fund, may not impose restrictions on the Palmer Square Funds’ investment activities. Palmer Square has full discretion in trading on behalf of such clients. Palmer Square does not require, and does not seek approval from, the Palmer Square Funds or their underlying investors with respect to its trading. All of the discussions of the Palmer Square Funds in this Brochure, including but not limited to their investments, the management strategies used, associated fees and costs and conflicts of interest faced by Palmer Square Private Credit and its affiliates in connection with managing the Private Credit Fund and the Palmer Square Funds, are qualified in their entirety by the applicable fund governing documents. As noted above, Palmer Square causes certain clients to invest in other pooled investment vehicles or accounts which are advised or managed by Palmer Square or an affiliate, including, without limitation, investments in the equity and/or debt securities of CLOs, CDOs and/or Warehouses that are advised, sponsored and/or otherwise affiliated with Palmer Square or its affiliates. Please refer to your advisory agreement or the applicable Palmer Square fund’s governing documents for more information.