FICC Focus Credit Crunch: Palmer’s Bloomfield on Traditional, Static CLOs
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Aug 25, 2025 Matt Bloomfield, Partner at Palmer Square and President of Palmer Square Capital BDC, shares insights on managing CLOs amidst the current credit landscape. He discusses the challenges of tight loan spreads and the need for strategic risk management. Bloomfield elaborates on the evolution of private credit, emphasizing the relationship with private equity, and highlights the importance of credit selection and diversification in navigating market complexities. He conveys optimism about growth in structured credit while advocating for adaptability in investment strategies.
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Career Path That Shaped Strategy
- Matt Bloomfield joined Palmer Square after work in restructuring and Golub Capital, bringing deep credit and CLO experience.
- He moved back near family and helped scale Palmer Square's opportunistic and CLO origination businesses.
Diversified Platform Underpins Growth
- Palmer Square built a diversified alternative credit platform with CLOs dominating AUM but multiple complementary strategies.
- Opportunistic credit, income short-duration, private and structured credit broaden firm capabilities and client wrappers.
Scale With Boutique Agility
- Scale matters but Palmer Square still positions as a nimble boutique despite $35bn AUM.
- They see room to grow CLOs methodically in the US and Europe while preserving agility.