Palmer Square Capital BDC Inc. (NYSE: PSBD) is a closed-end, externally managed business development company that provides customized financing solutions to middle-market companies in the United States. The firm offers a broad range of debt and equity products—including first-lien and second-lien senior secured loans, unitranche financings, mezzanine debt and equity co-investments—to support corporate acquisitions, refinancings, growth initiatives and balance sheet restructurings.
PSBD primarily targets established privately owned and sponsored businesses across diverse industries such as healthcare, business services, industrials and consumer products. By tailoring its capital structures to meet specific client needs, the company seeks to deliver attractive risk-adjusted returns through current income and potential capital appreciation while also providing sponsors and management teams with flexible long-term capital.
Since commencing operations in mid-2021, Palmer Square Capital BDC has built a diversified portfolio of direct lending and specialty finance investments. Its disciplined underwriting process emphasizes rigorous credit analysis, active portfolio monitoring and collaboration with management teams to drive operational improvements and support strategic growth objectives.
The firm’s external manager, Palmer Square Capital Management, draws on a team of credit professionals with deep experience in middle-market lending. Headquartered in New York City, PSBD leverages the broader firm’s resources and market relationships to originate, structure and manage bespoke financing transactions for businesses across North America.
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