Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 11

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 11
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 of such date. The Adviser commenced operations in 2008 and its
principal place of business is located at 52 Conduit Street, London, W1S 2YX, United Kingdom. The Adviser is owned by Mr. Indranil (Neil)
Basu and Mr. Chandrajit Chakraborty. The Adviser’s senior management team are also shareholders in the Pearl Diver group holding
company, Pearl Diver Capital Holdings Ltd., of which the Adviser is an affiliate.

The Adviser pursues a differentiated strategy
within the CLO market with:

| · | a singular focus on investing in CLO equity and debt tranches (The Adviser strategically does not manage its own CLOs in order 
 to mitigate potential conflicts of interest.);                                                                                 |

| · | a 16-year track record (firm inception: Sept 2008) and currently managing $3.0 billion in CLO tranches; |

| · | a well-respected roster of institutional investors; |

| · | a focus on identifying relative value; and |

| · | a unique and highly agile approach to CLO investments that utilizes proprietary Statistical and Machine Learning technologies throughout 
 the investment / research process.                                                                                                       |

The Adviser’s CLO investment team (the “Investment
Team”) is led by Mr. Chandrajit Chakraborty, Mr. Indranil (Neil) Basu, Mr. Matthew Layton, Mr. Kerrill Gaffney, Mr. Michael Brown
and Mr. Patrick Chan. The Investment Team is jointly and primarily responsible for our day-to-day investment management and the implementation
of our investment strategy and process. See “The Adviser and the Administrator - Portfolio Managers” for biographical
information.

Each member of the Investment Team is a CLO industry
specialist who has been directly involved in the CLO market for the majority of his or her career and has built relationships with key
market participants, including CLO collateral managers, investment banks, and investors. Members of the Investment Team have been involved
in the CLO market as:

| · | the head of the CLO business at various investment banks; |

| · | a lead CLO structurer; |

| · | a CLO equity and debt investor; and |

| · | a CLO collateral manager. |

| 4 |

We believe that the complementary, yet highly
specialized, skill set of each member of the Investment Team, and the