N-2 - $ / shares |
9 Months Ended | |||
---|---|---|---|---|
Sep. 30, 2023 |
Dec. 31, 2022 |
Sep. 30, 2022 |
Dec. 31, 2021 |
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Cover [Abstract] | ||||
Entity Central Index Key | 0001794776 | |||
Amendment Flag | false | |||
Securities Act File Number | 000-56126 | |||
Document Type | 10-Q | |||
Entity Registrant Name | Palmer Square Capital BDC Inc. | |||
Entity Address, Address Line One | 1900 Shawnee Mission Parkway | |||
Entity Address, Address Line Two | Suite 315 | |||
Entity Address, City or Town | Mission Woods | |||
Entity Address, State or Province | KS | |||
Entity Address, Postal Zip Code | 66205 | |||
City Area Code | (816) | |||
Local Phone Number | 994-3200 | |||
Entity Emerging Growth Company | true | |||
Entity Ex Transition Period | false | |||
General Description of Registrant [Abstract] | ||||
Investment Objectives and Practices [Text Block] | Our investment objective is to maximize total return, comprised of current income and capital appreciation. Our current investment focus is guided by two strategies that facilitate our investment opportunities and core competencies: (1) investing in corporate debt securities and, to a lesser extent, (2) investing in collateralized loan obligation (“CLO”) structured credit funds that typically own corporate debt securities, including the equity and junior debt tranches of CLOs. To a limited extent, we may enter into derivatives transactions, which may utilize instruments such as forward contracts, currency options and interest rate swaps, caps, collars and floors to seek to hedge against fluctuations in the relative values of our portfolio positions from changes in currency exchange rates and market interest rates or to earn income and enhance our total returns. We may also receive or purchase warrants or rights to acquire equity or other securities in connection with making a debt investment in a company. We will continue to evaluate other investment strategies in the ordinary course of business with no specific top-down allocation to any single investment strategy. |
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Risk Factors [Table Text Block] | Item 1A. Risk Factors.
Investing in our common stock involves a number of significant risks. In addition to other information set forth in this report, you should carefully consider the risk factors discussed in Item 1A. Risk Factors of our annual report on Form 10-K for the year ended December 31, 2022. The risks described in our annual report are not the only risks we face. Additional risks and uncertainties not presently known to us or not presently deemed material by us may also materially and adversely affect our business, financial condition and/or operating results. Other than as set forth below, there have been no material changes during the nine months ended September 30, 2023 to the risk factors discussed in Item 1A. Risk Factors of our annual report on Form 10-K for the year ended December 31, 2022. |
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NAV Per Share | $ 16.76 | $ 14.96 | $ 16 | $ 20.06 |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Other Securities [Table Text Block] | Item 3. Default Upon Senior Securities.
None. |