Private company

Overland Advantage

Overland Advantage is an investment fund that raised $730.5 million in 2025 (SEC Form D).2 It is headquartered in Wilmington, United States.2

Last updated Oct 20, 2026.

Overview

$37.4MNet income, fiscal 20253
  • HeadquartersWilmington, United States2
  • Incorporated inDE4
  • Business address375 Park Avenue, 11Th Floor, New York, Ny 101524
  • Filer categoryNon-accelerated filer, Emerging growth company4
  • Legal formOther2
  • Kind of organizationInvestment fund2
  • LEI213800WFFU33FM4GJB342
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 72900452

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.1%Return on equity3

Financial statements

Net income3$37.4M in 2025+281% since 2024
0$10.0M$20.0M$30.0M$40.0M2024: $9.8M$9.8M20242025: $37.4M$37.4M2025+281%
Fiscal year202320242025
Net income$9.8M3$37.4M3
Earnings per share$1.623$1.683
Earnings per share (diluted)$1.623$1.683
Shares (weighted, basic)6.0M shares322.3M shares3
Shares (weighted, diluted)6.0M shares322.3M shares3

Compare Overland Advantage with another company

Corporate structure

Overland Advantage sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Overland Advantage

  • Overland Advantage Wilmington, Delaware, United States
    • Overland Financing B, LLC Subsidiary · Delaware, United States
    • Overland Financing C, LLC Subsidiary · Wilmington, Delaware, United States
    • Overland Financing DB, LLC Subsidiary · Delaware, United States
    • Overland Financing MS, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Overland Advantage reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$19.1M3 Dec 31, 2025$31.6M3 Dec 31, 2024−39.4%

Properties, in its own words

The Company does not own any real estate or other physical properties materially important to its operation. The Company’s corporate headquarters is located at 375 Park Avenue, 11th Floor, New York, New York 10152 and is provided by the Administrator in accordance with the terms of our Administration Agreement. The Company believes that its office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 20, 2026.11

Leadership

Who has led Overland Advantage, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gavin R. Baiera2024

Chief financial officer

  1. Kimberly A. Terjanian2024
2025
Board members and other officers (1)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorCarlos M. Hernandez named Dec 16, 2025 to Jan 23, 202615
  • DirectorNeil H. Sherman named Dec 16, 2025 to Jan 23, 202615
  • DirectorTerri H. Lecamp named Dec 16, 2025 to Jan 23, 202615
  • DirectorWilliam J. Neuenfeldt named Dec 16, 2025 to Jan 23, 202615

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Overland Financing B, LLC Delaware5
  • Overland Financing C, LLC Delaware5
  • Overland Financing DB, LLC Delaware5
  • Overland Financing MS, LLC Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 9, 20268-K Entered a material agreement16
  2. Jul 9, 20268-K Entered a material agreement17
  3. Jul 7, 20268-K Unregistered sale of shares18
  4. Jun 18, 20268-K Unregistered sale of shares19
  5. Mar 20, 20268-K Change of auditor20
  6. Dec 22, 20258-K Unregistered sale of shares21
  7. Dec 18, 20258-K Unregistered sale of shares22
  8. Dec 16, 20258-K Unregistered sale of shares; Bylaws or fiscal year changed23
  9. Dec 5, 20258-K Entered a material agreement; Ended a material agreement; New debt or obligation24
  10. Oct 31, 20258-K Entered a material agreement25
  11. Aug 19, 20258-K Entered a material agreement26
  12. Aug 6, 20258-K Unregistered sale of shares27
  13. Jan 18, 2024New chief executive Gavin R. Baiera becomes CEO12
  14. Feb 10, 2023Founded Overland Advantage is founded2

Filings

79 filings to the SEC since October 2021: 2 annual reports, 8 quarterly reports, 27 major events, 14 insider forms, 7 large holders, 4 private raises, 17 other. The latest 20:

  1. Aug 12, 202610-Q EDGAR
  2. Jul 30, 20264 EDGAR
  3. Jul 30, 2026SCHEDULE 13D/A EDGAR
  4. Jul 9, 20268-K/A EDGAR
  5. Jul 9, 20268-K EDGAR
  6. Jul 7, 20268-K EDGAR
  7. Jun 18, 20268-K EDGAR
  8. May 13, 202610-Q EDGAR
  9. Mar 20, 202610-K EDGAR
  10. Mar 20, 20268-K EDGAR
  11. Mar 6, 20264 EDGAR
  12. Mar 6, 2026SCHEDULE 13D/A EDGAR
  13. Jan 23, 2026D/A EDGAR
  14. Dec 22, 20258-K EDGAR
  15. Dec 18, 20258-K EDGAR
  16. Dec 16, 2025D EDGAR
  17. Dec 16, 20258-K EDGAR
  18. Dec 11, 202540-17G EDGAR
  19. Dec 5, 20258-K EDGAR
  20. Nov 7, 202510-Q EDGAR

The 79 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 6 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 28, 2026Platinum Falcon B 2018 RSC Ltd10% ownerBuy932,917$24.59$22.9MForm 4
Mar 4, 2026Platinum Falcon B 2018 RSC Ltd10% ownerBuy1,049,974$24.69$25.9MForm 4
Aug 4, 2025Platinum Falcon B 2018 RSC Ltd10% ownerBuy4,151,983$24.84$103.1MForm 4
May 2, 2025Abu Dhabi Investment Authority10% ownerBuy1,226,521$24.74$30.3MForm 4
Feb 9, 2025Platinum International Investment Holding RSC Ltd10% ownerBuy3,632,415$25.06$91.0MForm 4
Oct 29, 2024Platinum International Investment Holding RSC Ltd10% ownerBuy1,799,423$25.29$45.5MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 11, 2025Raised $1.5 million in a private offering of equity Form D: 515 investors so far Form D
  2. Jan 9, 2024Raised $728.9 million in a private offering of securities Form D: 9 investors so far Form D

SEC filer profile

How Overland Advantage is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROverland Advantage1
  • CIK0001965934
  • Employer ID (EIN)92-642418911
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company11
  • Incorporated inDelaware11
  • Fiscal year endsDecember 311
  • Business address375 Park Avenue, 11Th Floor, New York, NY 101521
  • Phone212-672-50881
  • Shares outstanding31,769,521 as of Jun 30, 20266
  • AuditorPricewaterhouseCoopers LLP, New York PCAOB ID 238; no auditor attestation of internal control over financial reporting11
  • On EDGAR sinceSep 26, 20231
  • Filings81 in all: 8-K (26), 10-Q (8), 3 (8), 4 (6), CORRESP (5), SCHEDULE 13D/A (5), 40-17G (3), 10-12G (2)1
    All 22 form types

    10-12G/A (2), 10-K (2), D (2), D/A (2), 40-APP (1), 40-APP/A (1), 8-K/A (1), APP NTC (1), APP ORDR (1), N-54A (1), NT 10-Q (1), RW (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Latest 8-K (8-K) Jul 9, 2026

Risk factors and legal proceedings

The risks Overland Advantage names in Item 1A of its 10-K filed Mar 20, 2026: 13 risks under these headings, as written.11

  • Risks Relating to the Company’s Business and Structure
  • Risks Relating to the Company’s Investments
  • General Risk Factors
  • Limited Operating History
  • Dependence on Key Personnel and the Advisor
  • The Advisor could be incentivized to make certain investment decisions for the purpose of receiving transaction fees
  • Business and Regulatory Risks of Alternative Asset Investments
  • Competitive Nature of the Advisor’s Business
  • Centerbridge Financing and Investing
  • Financial Market Fluctuations
  • Capital Risk
  • Changes in Interest Rates
The other 11 risks
  • Ongoing Crisis in Ukraine and Other Global Conflicts
  • Financial Services Industry Risks
  • Ratings of Instruments May Not Accurately Reflect Risks
  • Economic and Political Environment
  • Infectious Disease and Pandemics
  • Banking Relationships
  • U.S. Trade Policy
  • Corporate Citizenship
  • Force Majeure and Climate Change
  • Cyber Security Breaches and Identity Theft
  • Data Protection
  • Social Media
  • Artificial Intelligence and Machine Learning Developments
  • FOIA/Public Disclosure
  • Duties of the Advisor and the Shareholder’s Rights
  • Interpretation of Governing Agreements and Legal Requirement
  • Restrictions on Transfer
  • Limited Opportunity to Sell Common Shares Back to the Company
  • No Right to Control the Company’s Operations
  • Consequences of Default
  • Board Participation
  • Indemnification Obligations
  • Qualifying Assets
  • Status as Business Development Company
  • Non-Diversified Investment Company
  • Emerging Growth Company Status
  • Internal Controls
  • RIC-Related Tax Risks
  • Takeover Attempts
  • Legislative or Regulatory Tax Changes Could Adversely Affect Investors
  • Outstanding Shares Prior to an Exchange Listing
  • Net Asset Value
  • Preferred Shares
  • Unrealized Depreciation
  • PIK Interest Payments
  • Systems and Operational Risks
  • Projections and Third-Party Reports
  • Misconduct of Centerbridge Personnel and Third-Party Service Providers
  • Service Providers
  • Risks Relating to Due Diligence of and Conduct at Companies
  • Portfolio Company Management
  • Operating and Financial Risks of Portfolio Companies
  • Capital Structure Arbitrage
  • Alternative Data
  • Credit Facilities
  • Limitations on Leverage
  • Hedging Transactions
  • Derivatives and Financial Commitment Transactions
  • Risks Related to Investments in Loans
  • Co-investment with Third Parties
  • Debtor-in-Possession Loans
  • Loan Origination
  • High-Yield Instruments
  • Convertible Instruments
  • First Lien Loans
  • Second Lien Loans
  • Unitranche Loans
  • Structured Products
  • Minority Investments
  • Follow-On Investments
  • Risks Related to Liquid Credit
  • Equity Instruments
  • Investments in New Instruments
  • Investments in Privately Held Companies
  • Investments in Non-Sponsor Companies
  • Investments in Publicly Traded Companies
  • Investments in Private and Middle Market Companies
  • Highly Leveraged Companies

Legal proceedings

Neither the Company nor the Advisor are currently subject to any material legal proceedings, nor, to the Company’s knowledge, are any material legal proceeding threatened against the Company. From time to time, the Company could be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of its rights under contracts with its portfolio companies. The Company’s business is also subject to extensive regulation, which may result in regulatory proceedings against it. While the outcome of any such future legal or regulatory proceedings cannot be predicted with certainty, the Company does not expect that any such future proceedings will have a material effect upon its financial condition or results of operations.

The opening of Item 3, Legal Proceedings.11

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28