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Palmer Square Closes CLO Fund

Sep 25, 2013
Jing Chen

Kansas-based hedge fund firm Palmer Square Capital Management announced Tuesday that it has closed its second collateralized loan obligation fund this year.

The firm said through a statement that the CLO fund, which closed on September 17, raised $464 million—$100 million more than what it won for the first fund. Combined with the $362 million it raised for the first fund in April, it pushes Palmer Square's assets under management to about $2.8 billion.

Palmer Square president Christopher D. Long explained that the “CLO space was a natural extension of [the firm’s] investment platform given the team’s experience and competitive advantage in structure and credit.”

A subsidiary of Montage Investments, Palmer Square has approximately $2.8 billion in assets under management.





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