Husband & Wife Consider Sale of $37 Billion Credit Firm
Chris and Angie Long, co-founders of Palmer Square Capital Management, are exploring the sale of their $37 billion credit firm. The couple has led the company to become one of the largest issuers of collateralized loan obligations (CLOs). Their decision comes amid ongoing strategic reviews in the financial sector as firms assess growth opportunities and market conditions. The potential sale could attract significant interest from private equity groups or institutional investors seeking exposure to credit markets. Palmer Square's scale and expertise position it as a valuable asset, particularly given its strong performance in CLO issuance over recent years.
Topics: collateralized loan obligations (CLOs) credit firms private equity