{
  "id": 8206225,
  "title": "Palmer Square raises $241m for Excelsior hedge fund",
  "url": "https://urgent.news/2026/09/18/palmer-square-raises-241m-for-excelsior-hedge-fund",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T08:14:00.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://www.hedgeweek.com/palmer-square-raises-241m-for-excelsior-hedge-fund/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}