News report 📈 Stocks 🌍 United States ISIN US38141G1040

Goldman Sachs Targets $37 Billion Credit Manager Palmer Square for Acquisition

Goldman Sachs eyes a $37 billion expansion into the CLO market through a potential acquisition of Kansas-based Palmer Square Capital Management to bolster its asset management platform.

📅 September 22, 2026 🕐 1 min read

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Goldman Sachs is in talks to acquire Palmer Square, a $37 billion credit manager, which would scale its CLO platform and fill gaps in its asset management business.

🎯 Key Takeaways

Goldman Sachs seeks to scale its CLO platform by acquiring Palmer Square, which manages $27 billion in CLO assets.
The acquisition is part of a broader strategy by CEO David Solomon to address gaps in the firm's $4 trillion asset management business.
Palmer Square, founded by Chris and Angie Long, has grown significantly by capitalizing on the expansion of the $1.3 trillion US CLO market.

📝 Executive Summary

Goldman Sachs is in advanced talks to acquire Palmer Square Capital Management, a $37 billion credit manager specializing in collateralized loan obligations (CLOs). This potential deal aligns with CEO David Solomon's strategy to fill gaps in the bank's $4 trillion asset management division through targeted acquisitions.

❓ FAQ

Why is Goldman Sachs interested in acquiring Palmer Square?

Goldman Sachs aims to scale its presence in the collateralized loan obligation (CLO) market and fill strategic gaps in its $4 trillion asset management business.

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