Seeking the best relative value opportunities across corporate and structured credit with a bias for high quality, short duration and liquid credits where Palmer Square Capital Management possesses differentiated investment capabilities.

OUR PORTFOLIO

As of December 31, 2023 • FY'23 10-K

$438M Weighted average portfolio company EBITDA

2.1x Weighted average portfolio company interest coverage

5.3x Weighted average
1L leverage 1

1 Includes other sources of company level first lien financing.

Highly Diversified Portfolio

Borrower Concentration ¹

Low Borrower Concentration

184 Portfolio Companies

Note: Data as of 12/31/2023.
1 As a percentage of total income producing securities at fair value.

back to top

Portfolio Mix ¹

Senior Secured Focused

~97% Senior Secured

Note: Data as of 12/31/2023.
1 As a percentage of total income producing securities at fair value.

back to top

Top 5 Industry Mix ¹

Focus on Defensive Industries

38 Industries

Note: Data as of 12/31/2023.
1 As a percentage of total income producing securities at fair value.
2 Includes the fair value of short-term investments.

back to top

Top 10 Investments

Company Industry Asset Type Fair Value ($M)
Idera, Inc. IT Services 1st Lien Senior Secured $9,669,397
Idera, Inc. IT Services 2nd Lien Senior Secured $4,896,875
Aptean Inc. Software 1st Lien Senior Secured $8,709,907
Aptean Inc. Software 1st Lien Senior Secured $4,664,524
Vision Solutions, Inc. IT Services 1st Lien Senior Secured $9,716,350
Vision Solutions, Inc. IT Services 2nd Lien Senior Secured $3,223,658
Minotaur Acquisition, Inc. Diversified Financial Services 1st Lien Senior Secured $11,767,918
Gainwell Acquisition Corp Healthcare Provider & Services 1st Lien Senior Secured $8,568,102
Gainwell Acquisition Corp Healthcare Provider & Services 2nd Lien Senior Secured $2,925,000
Infinite Bidco, LLC Electronic Equipment / Instruments 1st Lien Senior Secured $6,203,044
Infinite Bidco, LLC Electronic Equipment / Instruments 1st Lien Senior Secured $2,940,300
Infinite Bidco, LLC Electronic Equipment / Instruments 2nd Lien Senior Secured $2,334,149
Acrisure, LLC Insurance 1st Lien Senior Secured $4,970,652
Acrisure, LLC Insurance 1st Lien Senior Secured $5,780,741
Delta Topco, Inc. IT Services 1st Lien Senior Secured $6,837,455
Delta Topco, Inc. IT Services 2nd Lien Senior Secured $3,447,213
Barracuda Networks, Inc. Software 1st Lien Senior Secured $7,269,558
Barracuda Networks, Inc. Software 2nd Lien Senior Secured $2,681,880
Ivanti Software, Inc. Software 1st Lien Senior Secured $924,079
Ivanti Software, Inc. Software 2nd Lien Senior Secured $6,523,722

Source: SEC Filings, as of 12/31/2023.

back to top