Goldman Sachs in Talks to Acquire Palmer Square Capital Management

Goldman Sachs (GS) is reportedly in negotiations to acquire Palmer Square Capital Management, a credit-focused asset manager overseeing more than $37 billion, according to media reports dated September 22, 2026. The potential deal would deepen Goldman's footprint in private credit and alternative asset management, sectors the bank has prioritized for growth as traditional trading and advisory revenues face cyclical pressure. Terms of the transaction were not disclosed. Palmer Square, based in Kansas City, specializes in collateralized loan obligations and credit strategies. Neither company has issued an official statement confirming the talks.