Palmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc. is an externally managed business development company (BDC) that primarily lends to and invests in corporate debt securities of private U.S. companies. Its investment objective is to maximize total return, achieved through current income and capital appreciation. The company is headquartered in Mission Woods, Kansas.
The company's investment strategy focuses on corporate debt securities across private U.S. companies, including broadly-syndicated loans (BSLs) and large-cap direct lending. Additionally, it invests in other debt securities, which may encompass collateralized loan obligation (CLO) debt and equity.
Palmer Square Capital BDC Inc. commenced trading on the New York Stock Exchange (NYSE) under the ticker PSBD following its initial public offering (IPO) on January 18, 2024. Christopher D. Long serves as the Chairman and Chief Executive Officer, with Angie K. Long as Chief Investment Officer. The company recently announced its fourth quarter and full year 2025 financial results in February 2026 and its first quarter 2026 earnings release in April 2026. In July 2026, it reset a $300 million term CLO. The company is externally managed by Palmer Square BDC Advisor LLC, a majority-owned subsidiary of Palmer Square Capital Management LLC.
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