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 June 30, 2024 – Q2’24 10-Q

$451M 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 Portfolio Mix ¹ Top 5 Industry Mix ¹ Top 10 Investments

Borrower Concentration ¹

Low Borrower Concentration

201 Portfolio Companies

Note: Data as of 6/30/2024.
1 As a percentage of total income producing securities at fair value.

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Portfolio Mix ¹

Senior Secured Focused

~96% Senior Secured

Note: Data as of 6/30/24.
1 As a percentage of total income producing securities at fair value.

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Top 5 Industry Mix ¹

Focus on Defensive Industries

39 Industries

Note: Data as of June 30, 2024 – Q2’24 10-Q
1 As a percentage of total income producing securities at fair value.
2 Includes the fair value of short-term investments.

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Top 10 Investments

Company Industry Asset Type Fair Value ($M)

OneDigital Borrower LLC
Insurance
1st Lien Senior Secured
$7,990,040

OneDigital Borrower LLC
Insurance
1st Lien Senior Secured
$11,701,903

OneDigital Borrower LLC
Insurance
2nd Lien Senior Secured
$4,987,500

Acrisure, LLC
Insurance
1st Lien Senior Secured
$13,695,9.6

Acrisure, LLC
Insurance
Corporate Bonds
$2,002,500

Acrisure, LLC
Insurance
Corporate Bonds
$2,027,500

Asurion, LLC
Insurance
1st Lien Senior Secured
$2,963,808

Asurion, LLC
Insurance
1st Lien Senior Secured
$4,897,366

Asurion, LLC
Insurance
2nd Lien Senior Secured
$8,328,510

Vision Solutions, Inc.
IT Services
1st Lien Senior Secured
$10,572,487

Vision Solutions, Inc.
IT Services
2nd Lien Senior Secured
$5,314,375

Nexus Buyer LLC
Diversified Financial Services
1st Lien Senior Secured
$9,996,197

Nexus Buyer LLC
Diversified Financial Services
2nd Lien Senior Secured
$4,987,500

Delta Topco, Inc.
IT Services
1st Lien Senior Secured
$10,007,300

Delta Topco, Inc.
IT Services
2nd Lien Senior Secured
$4,576,500

Lightstone Holdco LLC
Independent Power and Renewable Electricity Producers
1st Lien Senior Secured
$13,713,861

Lightstone Holdco LLC
Independent Power and Renewable Electricity Producers
1st Lien Senior Secured
$775,704

Kestrel Acquistion, LLC
Independent Power & Renewable Electricity Producers
1st Lien Senior Secured
$14,269,186

Barracuda Networks, Inc.
Software
1st Lien Senior Secured
$10,367,837

Barracuda Networks, Inc.
Software
2nd Lien Senior Secured
$3,820,000

Gainwell Acquisition Corp.
Healthcare Providers and Services
1st Lien Senior Secured
$8,487,481

Gainwell Acquisition Corp.
Healthcare Providers and Services
2nd Lien Senior Secured
$5,062,500

Source: SEC Filings, as of June 30, 2024 – Q2’24 10-Q

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