Palmer Square Capital Considering Sale Amid Expansion in CLO Market
Chris and Angle Long, co-founders of Kansas-based Palmer Square Capital Management, are reportedly considering selling the $37 billion credit firm. The company has hired financial advisers to explore potential buyers as interest from bidders is being evaluated. Known for its significant presence in the collateralized loan obligation (CLO) market—where corporate loans are bundled into securities—the firm manages nearly $27 billion through its CLO platform, according to S&P Global data. The global CLO market has seen strong growth, with U.S. issuance reaching record levels in early 2026. The first half of the year saw over $230 billion in deals across BSL and middle-market CLOs. Several firms have expanded strategic partnerships or closed new CLO-related deals to scale operations and raise capital. Palmer Square, founded in 2009, specializes in managing a range of credit strategies including opportunistic credit, income/short duration, structured credit issuance, and CLO debt strategies.
Tickers: $SPGI
Topics: CLO Market Corporate Ownership Change Private Credit