**Note: This is an IPO but it is NOT the type traditionally covered by IPOScoop. This is the IPO of a closed-end investment management company that has chosen to be regulated as a business development company (BDC). The IPO Profile here and the listing on the IPO Calendar are extended as a professional courtesy. IPOScoop has NO CALL on this IPO.

Palmer Square Capital BDC, Inc., based in the Kansas City suburb of Mission Woods, Kansas, is a financial services company that primarily invests in the corporate debt of private U.S. companies of all sizes, as well as investing in the collateralized loan obligation structured credit funds (“CLOs”) that typically own corporate debt. (Incorporated in Maryland)

From the prospectus: “Our current investment focus is guided by two strategies that facilitate our investment opportunities and core competencies: (1) investing in corporate debt securities and, to a lesser extent, (2) investing in collateralized loan obligation structured credit funds, or “CLOs”, that typically own corporate debt securities, including the equity and junior debt tranches of CLOs. We may also receive warrants or other rights to acquire equity or similar securities or otherwise purchase such securities in connection with making a debt investment in a company.”

Palmer Square Capital BDC is managed by its investment adviser, Palmer Square BDC Advisor LLC, a majority-owned subsidiary of Palmer Square Capital Management LLC (“PSCM”) and an investment adviser registered under the Investment Advisers Act of 1940, as amended, or the “Advisers Act,” according to the prospectus. *Note: “Palmer Square Capital Management had about $27.7 billion in assets under management as of Sept. 30, 2023, with approximately $3.2 billion in assets under management in opportunistic strategies (which includes us), approximately $3.3 billion in assets under management in income/short duration strategies and approximately $21.2 billion in assets under management in private credits/structured credit issuance strategies,” the prospectus says.

**Note: “We do not currently have any employees. Each officer of the Company is an employee of the Investment Advisor or its affiliates. See “Management.” “

*Note: Palmer Square Capital BDC says in the prospectus: “As of Sept. 30, 2023, we had 219 debt and equity investments in 184 portfolio companies with an aggregate fair value of approximately $1.0 billion.”

*Note: Palmer Square Capital BDC says it intends to use the IPO proceeds to make investments according to its investment management principles.

*Note: Net investment income was $55.01 million for the 12 months that ended Sept. 30, 2023.

(Note: Palmer Square Capital BDC, Inc. priced its IPO on Jan. 17, 2024, in sync with the terms in its prospectus: 5.45 million shares at $16.45 to raise $89.65 million. Background: Palmer Square Capital BDC, Inc. filed its N-2 (prospectus) to go public on Oct. 13, 2023.)