#United States #Palmer Square #Mission Woods #Structured Credit #CLO Indices

Palmer Square Capital Management Celebrates 10 Years of CLO Indices

Today marks a remarkable milestone as Palmer Square Capital Management celebrates the 10th anniversary of its innovative Collateralized Loan Obligation (CLO) indices. Since their launch on May 29, 2015, these indices have transformed the landscape of structured credit investing, providing essential benchmarks for investors navigating this expanding asset class.

A Legacy of Innovation

Christopher D. Long, the Founder, CEO, and Chairman of Palmer Square, emphasized the foresight in creating these indices. He stated, "We launched the CLO indices to provide valuable insights and access to a daily performance benchmark focused on a rapidly expanding asset class." This commitment to transparency has today attracted nearly 1,000 global subscribers who rely on the Palmer Square CLO Senior Debt Index (CLOSE) and the Palmer Square CLO Debt Index (CLODI) for their investment strategies.

Growth of the CLO Market

The significance of Palmer Square's indices is underscored by the explosive growth of the CLO market. Over the past decade, the market size has surged from approximately $400 million to over $1 trillion, showcasing a staggering evolution in the structured credit space. Jeff Fox, President of Palmer Square, noted, "Palmer Square's ability to provide daily performance indices to investors for the last decade has been a major contributor to this tremendous market growth."

Key Indices and Performance Data

The Palmer Square Senior Debt Index (CLOSE) and the Palmer Square Debt Index (CLODI) serve as critical tools for both institutional investors and wealth management firms. As of April 30, 2025, the year-to-date performance reflects the efficacy of these indices:

• - Palmer Square Senior Debt Index (CLOSE): 1.57% (YTD 2025)
• - Palmer Square Debt Index (CLODI): 1.02% (YTD 2025)

Through a decade of providing these benchmarks, Palmer Square has consistently delivered performance data that informs investment decisions in a market characterized by complexity and rapid evolution.

Future Directions

In 2024, Palmer Square expanded its offerings by introducing European CLO indices, a strategic move aimed at enhancing investor engagement and market participation. Moreover, the recent launch of the PSQA ETF in the U.S. aims to optimize access for investors seeking to capture the characteristic returns of Palmer Square’s indices. A similar product tailored for the European market is slated for an upcoming launch, further underscoring the firm's commitment to providing innovative investment solutions.

Conclusion

Palmer Square Capital Management's decade-long journey demonstrates not only its growth and determination but also its pivotal role in reshaping the structured credit landscape. With over $34.2 billion in fixed income and credit investments under management, Palmer Square continues to prioritize transparency, performance tracking, and tailored solutions for clients worldwide. As the firm gears up for further innovations, it remains dedicated to empowering investors with the insights needed to navigate an ever-evolving financial landscape.