Palmer Square Capital BDC (NYSE:PSBD), Inc. (NYSE: PSBD) is an externally managed business development company focused on providing customized financing solutions to U.S. middle-market companies. Chartered under the Investment Company Act of 1940, the firm bridges the gap for borrowers seeking flexible capital structures beyond traditional bank financing. Since its inception, it has aimed to deliver tailored debt facilities that support growth initiatives, acquisitions, refinancings and recapitalizations across diverse sectors.
The company’s investment approach centers on direct lending through a spectrum of debt instruments, including first-lien, unitranche, second-lien and mezzanine loans, as well as selective equity co-investments. Palmer Square Capital BDC prioritizes transactions with companies that demonstrate stable cash flows and growth potential, often targeting business services, healthcare, information technology, consumer and industrial enterprises. Its emphasis on bespoke structuring and expedited execution allows sponsors and corporate management teams to access capital aligned with their strategic objectives.
Palmer Square Capital BDC is externally managed by Palmer Square Capital Management, LP, an investment adviser specializing in private credit and middle-market financing. The adviser’s team comprises seasoned professionals with extensive experience in credit underwriting, transaction structuring and portfolio management. Independent directors on the board oversee governance, compliance and alignment of interests, ensuring rigorous oversight and adherence to the firm’s investment mandate.
Serving clients across the continental United States, Palmer Square Capital BDC leverages its adviser’s proprietary deal flow and credit research infrastructure to identify and structure attractive financing opportunities. The company emphasizes comprehensive due diligence, active portfolio monitoring and conservative underwriting practices. This disciplined approach has enabled Palmer Square Capital BDC to build a diversified portfolio of debt investments, establishing its reputation as a reliable capital partner in the middle-market sector.
