Palmer Square raises $241m for Excelsior hedge fund
Credit-focused investment manager Palmer Square Capital Management has raised approximately $240.8m for its Palmer Square Excelsior Investments Fund, according to a report by Deal Room citing a recent regulatory securities filing.
Palmer Square Capital Management has successfully raised approximately $240.8 million for its Excelsior hedge fund, as reported by Hedgeweek. The offering, disclosed on September 17, saw securities sold amounting to $240,825,553 to date. The fund, structured as a Delaware limited liability company and classified as both a pooled investment vehicle and a hedge fund, remains open for further capital commitments.
Palmer Square, based in Kansas, specializes in credit and fixed-income investing and manages strategies across public and private credit markets. The hedge fund platform provides investors exposure to credit opportunities through various investment approaches.
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