Goldman Sachs Group Inc. is currently in discussions to acquire Palmer Square Capital Management, a credit-focused investment firm, according to a report from Bloomberg. The potential deal would value the target company at approximately $37 billion.
Palmer Square Capital Management is a private credit firm that specializes in providing debt financing to middle-market companies. The firm was founded in 2015 and is headquartered in New York City. It manages assets across a variety of credit strategies, including direct lending and credit opportunities.
The potential acquisition comes at a time when Goldman Sachs is looking to expand its presence in the private credit market. The firm has been increasing its investments in private credit in recent years, and a deal for Palmer Square would be a significant step in that direction.
Goldman Sachs has not confirmed the talks, and it is unclear if a deal will be reached. The company is also facing increased competition from other banks and private equity firms that are also looking to expand their private credit businesses.
