EX-21.1 7 pscq42025ex211.htm SUBSIDIARIES OF PIPER SANDLER COMPANIES
Exhibit 21.1
SUBSIDIARIES OF PIPER SANDLER COMPANIES
(as of December 31, 2025)

Name* |  | State or Jurisdiction of Entity
Piper Sandler & Co. |  | Delaware
Piper Sandler Foundation |  | Minnesota
Piper Sandler European Holdings Co. |  | Delaware
Piper Sandler Ltd. |  | United Kingdom
Parallel General Partner Limited |  | Guernsey
Aviditi Capital Advisors UK Ltd. |  | United Kingdom
Piper Sandler Europe SAS |  | France
Piper Sandler Schweiz GmbH |  | Switzerland
Aviditi Capital Advisors Europe GmbH |  | Germany
Piper Sandler Financial Products II Inc. |  | Delaware
Piper Jaffray Funding LLC |  | Delaware
Piper Jaffray Lending LLC |  | Delaware
Piper Jaffray Private Capital Inc. |  | Delaware
PJC Capital LLC |  | Delaware
Piper Sandler Investment Group Inc. |  | Delaware
PSC Capital Partners LLC |  | Delaware
Piper Heartland Healthcare Capital, LLC |  | Delaware
Piper Heartland Healthcare Capital Management LLC |  | Delaware
Piper Heartland Healthcare Crossover Fund I, L.P. |  | Delaware
Piper Heartland Healthcare Capital Management II LLC |  | Delaware
Piper Heartland Healthcare Crossover Fund II, L.P. |  | Delaware
PSC Capital Management LLC |  | Delaware
Piper Sandler Merchant Banking Fund I, L.P. |  | Delaware
PJC Merchant Banking Partners III, LLC |  | Delaware
PJC Merchant Banking Partners IV, LLC |  | Delaware
PSC Capital Management II LLC |  | Delaware
Piper Sandler Merchant Banking Fund II, L.P. |  | Delaware
PSC Capital Management III LLC |  | Delaware
Piper Sandler Merchant Banking Fund III Employee, L.P. |  | Delaware
Piper Sandler Merchant Banking Fund III, L.P. |  | Delaware
Piper Sandler Finance LLC |  | Delaware
Piper Sandler Finance I, LLC |  | Delaware
Piper Sandler Finance II, LLC |  | Delaware
Piper Sandler Real Estate Services, LLC |  | Delaware
Piper Sandler Hong Kong Limited |  | Hong Kong
Piper Sandler Loan Strategies, LLC |  | Delaware
SOMF, LLC |  | Delaware
Piper Sandler Hedging Services, LLC |  | Delaware
PSC Aviditi Capital Advisors, LLC |  | Texas

* Indentation indicates the principal parent of each subsidiary.