Goldman Sachs eyes a $37 billion expansion into the CLO market through a potential acquisition of Palmer Square, intensifying competition with alternative asset managers.
Goldman Sachs is the lead bidder to acquire Palmer Square Capital Management, a $37 billion CLO powerhouse, signaling expansion in alternative credit markets.
Blackstone's flagship private credit fund sold a roughly $450 million CLO deal and appointed a new CLO head, reflecting active participation in the CLO market.
Ares Management reportedly priced a second European CLO, showing continued expansion in the CLO space.
Apollo secured a new credit line and has been issuing large CLOs, reinforcing its debt-origination capabilities in the private credit market.
Goldman Sachs is the lead bidder to acquire Palmer Square Capital Management, a $37 billion collateralized loan obligation powerhouse. The move signals a strategic push by the bank to expand its alternative credit footprint and compete directly with private credit giants like Apollo, Blackstone, and Ares in the $1 trillion CLO market.
CLOs offer floating-rate returns that can reach double digits in a 5% interest rate environment, while providing structural protections and diversification that historically outperform traditional high-yield bonds.