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.
PSCP IV follows the same disciplined, and cycle-tested strategy as its predecessor funds, investing in primary and secondary subordinated debt in both performing credit and dislocated debt. It focuses on being a good long-term partner to private equity firms, investing in market-leading stable companies across Europe and the US. The Fund takes a flexible approach that enables Park Square to invest successfully across market cycles, alternating between high-quality new transactions in normal market conditions and dislocated debt during periods of market volatility.
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/Source: Private Equity Wire
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