Palmer Square raises $240.8M for Excelsior hedge fund
What's the deal? Palmer Square Capital ManagementDealroom has a profile for this one. Try Dealroom → has raised $240,825,553 through an exempt securities offering for the Palmer Square Excelsior Investments Fund, LLCDealroom has a profile for this one. Try Dealroom →. The fund is structured as a Delaware limited liability company and classified as both a pooled investment fund and a hedge fund.
The structure: Palmer Square Capital Management serves as the fund's managing member and investment adviser. The offering documents specify a management fee payable to the firm, though the total offering size is listed as indefinite.
Why now? The raise was recorded on September 17, 2026, when the fund reported the amount sold to date under an exemption from standard registration requirements.
The signal: The disclosure offers a snapshot of a live capital raise rather than a closed fund, with room left to bring in more investors given the open-ended offering size.
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Image credit: David C. Foster
