Palmer Square Capital BDC Inc. is an externally managed, non-diversified closed-end management investment company. The Company primarily lends to and invests in corporate debt loans, including but not limited to large private United States companies in the broadly syndicated loan market, as well as the direct large cap private credit market. Its investment objective is to maximize total return, comprised of current income and capital appreciation. The Company's investment focuses on investing in corporate debt securities and, to a lesser extent, investing in collateralized loan obligations (CLOs), which may include equity and junior debt tranches of CLOs. It has four wholly owned subsidiaries: Palmer Square BDC Funding I LLC, Palmer Square BDC Funding II LLC, Palmer Square BDC CLO 1, Ltd, and Palmer Square BDC CLO 1, LLC. The Company's investment activities are managed by its investment adviser, Palmer Square BDC Advisor LLC, an affiliate of Palmer Square Capital Management LLC.