University of Wisconsin Foundation buys 1,459,921 shares for $29,187,840.35 (avg $19.99) in newly-listed PDCC
University of Wisconsin Foundation, holding 10% of Pearl Diver Credit Co Inc., executed 3 separate purchases totaling 1,459,921 shares for $29,187,840.35 with a blended average price of $19.99 on 2024-07-19. This transaction occurred just 4 trading days after PDCC's recent listing, representing a material $29.2M commitment at near-listing prices. The foundation moved from zero to 1,459,921 shares with this single filing, establishing a substantial position in a newly public company. This significant capital deployment by an institutional 10% owner warrants examination of the foundation's investment thesis and the company's IPO fundamentals.