Tue, Feb 25, 9:02 PM (60 days ago)
SLR Private Credit BDC II LLC is an externally managed, Delaware‐formed BDC focused on generating long‑term returns by investing in first‑lien, senior secured, floating‑rate loans primarily to leveraged upper middle market companies, plus specialty finance exposures (asset‑based lending and life science finance). The 10‑K details its flexible investment strategy, fee structures (management, incentive, administration fees, and related waivers/recoupment), and distribution framework designed to maintain its RIC tax status. Extensive risk factors are outlined, including market, credit, liquidity, leverage, regulatory, legal, cybersecurity, and ESG risks. The report also describes its reliance on SLR Capital Partners LLC for sourcing, structuring, and monitoring investments, along with challenges related to illiquidity and potential legal or macroeconomic uncertainties. Units are restricted and not publicly traded, with long lock‑up periods.