Callodine Capital Management is majority-owned by Callodine Group, LLC, with James Morrow serving as its principal owner. The firm oversees various funds, including the Callodine Capital Fund, LP, the Callodine Capital Offshore Fund, Ltd., the Callodine BDC Income Fund, LP, and the Callodine Equity Income Fund, LP. These funds offer series A and F limited partnership interests.
Recent developments within Callodine Capital Management, as revealed in its form ADV filings from March 2022 to April 2023. Total AUM increased 37% from $372.36 million to $513.49 million. Moreover, the firm expanded its team, with the employee count rising from 10 to 13 while its total number of accounts minimally grew from 5 to 6.
The firm disclosed modifications for its private fund:
Callodine Capital Master Fund, L.P.
- Gross Asset Value: New: $361,534,050 | Old: $282,387,800
- Approximate number of beneficial owners: New: 23 | Old: 22
- Approximate percentage beneficially owned by related persons: New: 3% | Old: 8%
2 Private funds were added to the firm's portfolio:
- Callodine BDC Income Fund, LP with a current gross asset value of $65,569,908
- Callodine Equity Income Fund with a current gross asset value: $66,272,032
The firm also disclosed two new direct owners to its leadership structure:
- Jonathan Dinwoodey Hosmer as General Counsel
- Kristen Marie Cammarata as Chief Compliance Officer (CCO)