Pretium Credit Management, LLC

Pretium Credit Management, LLC, established in 2012, specializes in real estate, mortgage finance, and corporate and structured credit. As the management company for private placement funds, PCM exercises discretionary authority over multiple funds pursuing various investment strategies. PCM also manages cash-flow collateralized loan obligations (CLOs) and serves as a sub-advisor to the Ziegler Floating Rate Fund. The firm's investment philosophy focuses on leveraged bank loan investing. PCM's clients are typically institutional and high net worth investors, requiring a minimum capital commitment. The firm manages approximately $3.4 billion in regulatory assets under management as of December 31, 2022. Regarding fees, PCM charges management fees and performance fees based on the specific fund structure. The firm also discloses various risks associated with its investment strategies, including high yield securities risk, distressed investment risk, and counterparty credit risk. PCM has a Code of Ethics in place to ensure ethical conduct and compliance with securities laws. The firm reviews client portfolios regularly and has custody of client assets through qualified custodians. PCM exercises full investment discretion for its clients and has implemented Proxy Voting Procedures to ensure proxies are voted in the best interest of clients. The firm reports no material disciplinary events and affirms its financial stability to meet client commitments.