Palmer Square Capital Management is bringing another asset management shop into its fold.
The firm announced yesterday that it is acquiring a majority interest in Kansas City-based Fountain Capital Management, a high yield bond and bank loan-focused shop. Fountain was advised by Colchester Partners.
Christopher Long, president of Palmer Square, told Money Management Executive that said Fountain Capital’s experience with credit investing, strong track record and management team will add more depth to his firm’s current and future investment offerings. Fountain Capital is a natural extension of our existing credit platform,” said Long.
“We’re very active in collateralized loan obligations, high yield bonds and bank loans and they’ve been in the high yield bond and bank loan space since 1990. We anticipate launching mutual funds focused on the short duration bank loan and high yield bond space leveraging their track record and the two firms’ collective credit expertise.”
The firm last September
