Goldman Sachs said to be in talks to acquire Palmer Square
People familiar with the discussions say the credit firm manages $37 billion in assets
Published
Chart: GS, one-minute prices, three sessions
Goldman Sachs is in talks to acquire Palmer Square, according to people familiar with the discussions. Palmer Square is a credit firm with $37 billion in assets under management.
No terms of a possible deal have been disclosed, and it is not clear how far the talks have progressed or when an agreement might be reached.
A deal would add scale to Goldman's credit management business at a time when the firm's leadership has described the credit system as sound and the consumer as resilient. It would also fit with Goldman's wider shift toward asset management and away from capital-intensive trading, though it would not change the current macro backdrop or credit outlook on its own.