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 March 31, 2024 – Q1’24 10-Q

$452M Weighted average portfolio company EBITDA

2.2x 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

211 Portfolio Companies

Note: Data as of 3/31/2024.
1 As a percentage of total income producing securities at fair value.

back to top

Portfolio Mix ¹

Senior Secured Focused

~96% Senior Secured

Note: Data as of 3/31/24.
1 As a percentage of total income producing securities at fair value.

back to top

Top 5 Industry Mix ¹

Focus on Defensive Industries

39 Industries

Note: Data as of March 31, 2024 – Q1’24 10-Q
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)

Asurion, LLC

Insurance

1st Lien Senior Secured

$2,938,826

Asurion, LLC

Insurance

1st Lien Senior Secured

$4,804,592

Asurion, LLC

Insurance

2nd Lien Senior Secured

$8,095,095

Nexus Buyer LLC

Diversified Financial Services

1st Lien Senior Secured

$9,956,250

Nexus Buyer LLC

Diversified Financial Services

2nd Lien Senior Secured

$4,981,250

Idera, Inc.

IT Services

1st Lien Senior Secured

$9,653,151

Idera, Inc.

IT Services

2nd Lien Senior Secured

$4,875,000

Kestrel Acquistion, LLC

Independent Power & Renewable Electricity Producers

1st Lien Senior Secured

$14,258,230

Vision Solutions, Inc.

IT Services

1st Lien Senior Secured

$10,771,409

Vision Solutions, Inc.

IT Services

2nd Lien Senior Secured

$3,283,000

Acrisure, LLC

Insurance

1st Lien Senior Secured

$4,957,972

Acrisure, LLC

Insurance

1st Lien Senior Secured

$8,764,937

Barracuda Networks, Inc.

Software

1st Lien Senior Secured

$10,358,379

Barracuda Networks, Inc.

Software

2nd Lien Senior Secured

$2,708,130

Prairie ECI Acquiror LP

Oil, Gas and Consumable Fuels

1st Lien Senior Secured

$12,625,647

WaterBridge Midstream Operating, LLC

Energy Equipment and Services

1st Lien Senior Secured

$12,136,979

Minotaur Acquisition, Inc.

Diversified Financial Services

1st Lien Senior Secured

$11,815,513

Source: SEC Filings, as of March 31, 2024 – Q1’24 10-Q

back to top