9AT: CALLODINE CREDIT MANAGEMENT

other names

CALLODINE CREDIT MANAGEMENT
CALLODINE CREDIT MANAGEMENT, LLC
CALLODINE CREDIT MANAGEMENT, L.P.

Adviser Profile

As of Date	08/22/2025
ADV Location	BOSTON, MA, United States
Adviser Type - Large advisory firm
Number of Employees	13
of those in investment advisory functions	10 -9%
Registration	SEC, Approved, 05/01/2023
Other registrations (6)	SEC, ERA - Withdrawn, 03/31/2023 Massachusetts, ERA - Withdrawn, 03/31/2023 Rhode Island, ERA - Withdrawn, 03/31/2023 SEC, ERA - Active, 09/13/2021 Massachusetts, ERA - Active, 09/13/2021 Rhode Island, ERA - Active, 09/13/2021
Former registrations	CALLODINE CREDIT MANAGEMENT, LLC

AUM^*	467,219,834 5%
of that, discretionary	467,219,834 5%
Private Fund GAV^*	467,219,834
Avg Account Size	233,609,917 5%
SMA’s	No
Private Funds	3 1
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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count1	GAV$162,535,737
Fund TypePrivate Equity Fund	Count1	GAV$304,684,097
Fund TypeOther Private Fund	Count1	GAV$

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser ONE STONE PARTNERS L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund260.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV260.9m	AUM260.9m	#Funds9
Adviser CONCORD MANAGEMENT SERVICES, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund316.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV316.6m	AUM316.6m	#Funds5
Adviser P4G CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund479.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV479.3m	AUM479.3m	#Funds9
Adviser TRP CAPITAL ADVISORS V, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund586.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV586.8m	AUM637.0m	#Funds11
Adviser SAVANT PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund273.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV273.2m	AUM273.2m	#Funds11
Adviser THE INVICTUS COLLECTIVE, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund2.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.0m	AUM399.4m	#Funds1
Adviser CRESCENT COVE ADVISORS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund509.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund17.7m	Total Private Fund GAV527.1m	AUM629.6m	#Funds31
Adviser MKH CAPITAL PARTNERS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM265.0m	#Funds-
Adviser NEBARI PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund387.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV387.1m	AUM387.0m	#Funds15
Adviser HUDSON HILL CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund474.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV474.3m	AUM474.3m	#Funds6

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.

CALLODINE CREDIT MANAGEMENT

Adviser Profile

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Compensation Arrangments

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Brochure Summary

Overview