Callodine Credit Management

Callodine Credit Management, LLC, established in 2021, specializes in providing advisory services to privately offered pooled investment vehicles exempt from registration under the Investment Company Act of 1940. The firm manages assets totaling approximately $467 million as of December 31, 2024, on a discretionary basis. Clients of Callodine Credit include endowments, pension plans, charitable institutions, family offices, and high net worth individuals. The minimum investment for the PABL Fund is $1,000,000, with the General Partner having the discretion to waive this requirement. The firm charges a management fee based on assets under management, payable quarterly in advance, with the ability to waive fees for certain investors. Callodine Credit may also receive performance-based fees when specified thresholds are met. The firm's investment strategy focuses on private market debt, particularly senior secured loans, with an emphasis on asset-based lending. Risks associated with investments include general economic conditions, market fluctuations, cybersecurity risks, and conflicts of interest. Callodine Credit has implemented a Code of Ethics and policies to address conflicts of interest and ensure fair treatment of clients. The firm has custody of client funds and securities and exercises full discretionary authority over managed assets.