Callodine Credit Management

Callodine Credit Management, LLC provides discretionary investment management to privately offered pooled vehicles organized by the firm or its affiliates, including the Callodine Asset Based Loan Fund II, LP and the Callodine Perpetual ABL Fund, LP, and will act as sub‑investment adviser to an interval fund launching in 2025. Its investor base consists of institutional and accredited investors such as endowments, pension plans, charitable institutions, family offices and high‑net‑worth individuals, and it does not provide tailored advisory services to individual retail clients.

The firm’s strategy centers on originating and acquiring private market debt with a focus on fully secured, asset‑based lending across senior secured first‑lien, second‑lien, FILO and unitranche structures; typical transactions have legal maturities of three to five years with average lives commonly in the 18–24 month range and exits that often occur via refinancing or asset dispositions. Callodine Credit manages the Funds in accordance with each fund’s offering documents and exercise of discretion covers day‑to‑day portfolio decisions, valuation oversight, and the allocation of co‑investment opportunities and syndicated loan capacity.

What distinguishes Callodine Credit from many peers is its integration with Callodine Group entities—most notably Callodine Commercial Finance (CCF), an operating asset‑based lending company whose personnel run the investment team and frequently co‑invest alongside the Funds—along with related arrangements such as co‑investment allocations, syndication fees retained by CCF, and performance allocations payable to an affiliated general partner. The firm also discloses a range of structural and operational features that can affect investors, including side‑letter arrangements and placement agent relationships, certain employees being registered in connection with private placements, and the firm’s deemed custody of fund assets for fee and expense purposes.