Sound Point Meridian Capital, Inc., was incorporated as Sound Point Merinian Capital, LLC, a Delaware limited liability company on May 13, 2022. Effective March 13, 2024, they transformed from a Delaware limited liability company into a Delaware corporation called Sound Point Meridian Capital, Inc. Their main investment objective is to generate high liquid income, followed by generating capital appreciation. They seek to achieve their investment objectives by investing primarily in third-party CLO equity and USD-denominated CLO mezzanine backed by corporate leveraged loans issued primarily to U.S. debtors.
