CALLODINE CREDIT MANAGEMENT

other names
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Adviser Profile
As of Date 09/05/2024
Adviser Type - Large advisory firm
Number of Employees 13
of those in investment advisory functions 11
Registration SEC, Approved, 05/01/2023
Other registrations (6)
Former registrations

CALLODINE CREDIT MANAGEMENT, LLC

AUM* 442,949,601 100.00%
of that, discretionary 442,949,601
Private Fund GAV* 442,949,601 61.92%
Avg Account Size 221,474,801
SMA’s No
Private Funds 2
Contact Info 617 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
1 1 1 1
2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$120,571,173
Fund TypePrivate Equity Fund Count1 GAV$322,378,428

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Brochure Summary

Overview

Callodine Credit Management, LLC (“Callodine Credit”) was formed in 2021. The principal owner is Callodine Credit, LLC, a subsidiary of Callodine Group, LLC (“Callodine Group”). Callodine Group is majority owned by James Morrow (“Principal”). Callodine Credit provides advisory services to privately offered pooled investment vehicles exempt from registration under the Investment Company Act of 1940, as amended, organized by Callodine Credit or its affiliates (collectively, the “Callodine Credit Funds” or the “Funds”). We may, in the future, organize additional investment vehicles that follow an investment program similar to or different from the investment program of the Callodine Credit Funds. Callodine Credit is an affiliate of Callodine Commercial Finance, LLC (“CCF”), an operating company that is a private asset-based provider of loans to middle market companies, whose investment objective is substantially similar to the investment objectives of the Callodine Credit Funds. The personnel of the investment team responsible for managing the Funds’ portfolios are employed by CCF. CCF is majority owned by Callodine Group as a result of Callodine Group’s acquisition of Gordon Brothers Finance Company, LLC (“GBFC”), the predecessor company to CCF,
on November 3, 2020. The Callodine Credit Funds are organized as Delaware limited partnerships: The Callodine Asset Based Loan Fund II, LP (“CABL II Fund”) and the Callodine Perpetual ABL Fund, LP (“PABL”). The Funds rely on the relief from registration contained in Section 3(c)(7) of the Investment Company Act. Investment vehicles organized outside of the United States (“Offshore Funds”) may be established by the General Partner or an affiliate thereof as parallel funds in the future. Callodine Credit manages the Funds in a manner consistent with the investment strategy described in the Funds’ offering documents. In addition to day-to-day portfolio management responsibilities, Callodine Credit bears primary responsibility for making investment decisions for the Funds and developing investment strategies consistent with the investment objectives, policies and restrictions applicable to the Funds. Callodine Credit does not provide specifically tailored advice to investors in the Funds. Any investment restrictions applicable to the Callodine Funds are set forth in the organizational or offering documents of the Funds. As of December 31, 2023, Callodine Credit’s assets under management were approximately $442,949,601, all of which are managed on a discretionary basis.