Callodine Credit Management, Llc
- Regulatory AUM
- $603M
- Discretionary
- $603M
- Clients
- 3
- Avg AUM / client
- $201M
- Accounts
- 3
- Employees
- 11
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $19.7M | 3.27% |
| Pooled investment vehicles (non-investment companies) | 2 | $583M | 96.7% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $443M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Callodine Asset Based Loan Fund Ii, Lp | Private Equity Fund | Delaware | $322M | 21 |
| Callodine Perpetual Abl Fund, Lp | Hedge Fund | Delaware | $121M | 7 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Ibt Consolidated Pension Plan Bd Of Trustees Of Ibt Consolidated Pension Fund | Seattle, WA | 2024 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Morrow, James, Stuart | Co Owner | Oct 2020 (6y) | ≈ 42.19% – 100% via Callodine Group, Llc | |
| Martin, Eugene, Francis | Ceo | May 2021 (5y) | Less than 5% | |
| Rainville, Stephen, G | Cfo/Coo | Jul 2022 (4y) | Less than 5% | |
| Cammarata, Kristen, Marie | Chief Compliance Officer | Mar 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Callodine Credit, Llc | Owner | May 2021 | A | 75% or more |
| Callodine Group, Llc | Owner | May 2021 | B | ≈ 56.25% – 100% via Callodine Credit, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Morrow, James, Stuart: 75% – 100% of Callodine Group, Llc × 75% – 100% of Callodine Credit, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Callodine Group, Llc: 75% – 100% of Callodine Credit, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $443M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Callodine Asset Based Loan Fund Ii, Lp | Private Equity Fund | $322M | $5.0M | 21 |
| Callodine Perpetual Abl Fund, Lp | Hedge Fund | $121M | $1.0M | 7 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Ibt Consolidated Pension Plan | Bd Of Trustees Of Ibt Consolidated Pension Fund | 3,457 | $180M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.45 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Other fees
- • PERFORMANCE FEES PAID TO AFFIIATED GENERAL PARTNER
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗