Park Square Capital (Park Square) has held the final closing of its fourth subordinated debt fund, resulting in total investable capital of EUR2.2 billion.

Park Square Capital Partners IV and related vehicles (PSCP IV) raised EUR1.8 billion of equity commitments, exceeding its target of EUR1.5 billion. Including committed leverage, the strategy’s total investable capital is EUR2.2 billion. This represents an increase of 48 per cent over its predecessor fund, PSCP III, which had EUR1.5 billion of investable capital.

The closing of PSCP IV further enhances Park Square’s position as a leading independent private credit provider with multi-product solutions across mid-market direct lending, large-sized senior credit and junior debt.

Read more at Private Equity Wire

Image Source