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Christopher D. Long

"The LNG Capital team has extensive experience managing credit portfolios for top European institutions," said Christopher D. Long, president of Palmer Square. "There are very few managers that focus specifically on European credit as an asset class. Given the recent economic turmoil affecting Europe, we are excited to partner with a group that has built their careers on investing in this segment of the global credit market."

The agreement to partner with LNG was done in affiliation with Montage Investments – a unique group of asset managers offering multiple investment solutions, including mutual funds, closed-end funds, separately managed accounts and alternative investments to financial intermediaries. The agreement was further enabled by Atlantic Asset Management, which has decades of experience identifying and partnering with talented emerging managers.

According to Louis Gargour, founding partner and portfolio manager of LNG, "We believe the relationship with Palmer Square will provide us a great opportunity to offer U.S. investors the ability to invest in the European credit markets. We have long sought opportunities to establish a presence in the U.S., and we are excited to partner with three very successful and innovative firms."

Gary Henson, president and chief investment officer of Montage, commented, "In the U.S., we have seen an increased demand for forward-thinking investment strategies not offered by traditional money managers. We believe the addition of LNG and its expertise in European credit markets will continue our trend of bringing financial advisors unique alternative investment solutions that look beyond the traditional style boxes."

Earlier this month, Montage and its affiliate asset managers announced that total assets under management in all strategies increased from $7.3 billion at the beginning of the year to $9.3 billion at year-end, reinforcing the trend that financial intermediaries are looking to augment their clients' portfolios with unique alternative investment solutions.

Don Trotter, managing director of Atlantic Asset Management, commented, "We are thrilled with our LNG partnership and look forward to helping them grow their business."

Palmer Square Capital

Press Release

BM