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Palmer Square Capital Management
Palmer Square Capital Management, founded in 2006 by Christopher Long, manages ~$21B in private credit, CLOs, and real assets from Mission Woods, Kansas.
Palmer Square Capital Management
Palmer Square Capital Management was founded in 2006 in Mission Woods, Kansas — a suburb of Kansas City — by Christopher D. Long, who continues as CEO and CIO. The firm emerged from a background in fixed-income and structured credit and remains privately held, with no disclosed family office or endowment sponsor. It does not market itself as a family office; it operates as an SEC-registered investment adviser. The firm employs roughly $21B in capital primarily across private credit, collateralized loan obligations (CLOs), commercial mortgage lending, real estate equity, and infrastructure. It originates floating-rate senior secured loans to middle-market companies and securitizes them through CLO structures. Confirmed asset classes include direct lending, CLO management, real estate debt and equity, and infrastructure debt. Geographically, the firm invests in the United States, with a focus on Midwest and coastal markets. Palmer Square Capital maintains offices in Mission Woods, Kansas (headquarters) and New York City. The team size is not publicly disclosed. The firm manages multiple CLO vehicles and real estate funds, and its operations include a registered investment advisory platform. It does not have a publicly known philanthropic foundation or operating company arm. The firm's structural differentiator lies in the integration of CLO management with direct origination of middle-market credit. This allows it to securitize its own loan production, creating a closed-loop capital chain — an unusual capability for a firm of its size originating from the Midwest rather than New York or Charlotte. This vertical integration in credit markets distinguishes it from pure private credit firms or standalone CLO managers.
General information
Firm type
Asset Manager
Year founded
2006
AUM
$21B as of December 31, 2025 (per company filings, 2025)
Location
Region
North America
Country
United States
City
Mission Woods
Corporate office
Mission Woods, KS, United States
Additional offices
New York, NY, United States
Principals
Christopher D. Long
Founder, President and Chief Investment Officer
Angela L. Richards
Chief Operating Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Palmer Square Capital?
Christopher D. Long is Founder, President and Chief Investment Officer, overseeing all portfolio management and investment strategy. Angela L. Richards serves as Chief Operating Officer. Other investment professionals are not disclosed on the firm's public materials.
How does Palmer Square Capital manage its CLOs and direct lending?
The firm originates senior secured floating-rate loans to middle-market companies, then packages them into CLO vehicles. This vertical integration allows it to retain credit risk aligned with its fund investors. It also separately manages CLOs for external clients through its registered RIA platform.
Is Palmer Square Capital structured as a family office or a registered investment adviser?
Palmer Square Capital is an SEC-registered investment adviser, not a family office. It is privately held but operates as an institutional asset manager, managing capital for institutional clients including insurance companies, pension funds, and endowments.
What investment stages and asset classes does Palmer Square target?
The firm targets direct lending to middle-market companies (typically $5M-$50M loan sizes), CLO equity and mezzanine tranches, commercial real estate debt and equity, and infrastructure debt. It focuses on senior secured positions, and typically originates for its own balance sheet and for CLO vehicles.
Where does Palmer Square Capital operate geographically?
The firm's headquarters are in Mission Woods, Kansas (suburban Kansas City), with an additional office in New York City. The investment focus is United States-based, with a broad national scope.
Does Palmer Square Capital participate in fund commitments or only direct deals?
The firm both originates direct loan assets for its own CLO structures and manages separate accounts and funds for institutional investors. It does not appear to act as a fund-of-funds or a co-investment platform. It raises capital for its CLO funds and real estate vehicles.
Which sectors does Palmer Square Capital explicitly avoid?
The firm's public disclosures do not list excluded sectors. Based on its stated focus on senior secured middle-market lending and CLO structures, it generally avoids venture-stage, unsecured, or high-volatility assets. Specific negative screens are not publicly available.
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