Park Square Capital Partners IV’s €2.2 Billion Fundraising

Debevoise & Plimpton LLP advised Park Square Capital on the deal.

Park Square Capital (“Park Square”), one of the world’s most established credit investment firms, announced the final closing of its fourth subordinated debt fund, resulting in total investable capital of €2.2 billion. 

Park Square Capital Partners IV and related vehicles raised €1.8bn of equity commitments, exceeding its target of €1.5bn. Including committed leverage, the strategy’s total investable capital is €2.2bn. This represents an increase of 48% over its predecessor fund, PSCP III, which had €1.5bn of investable capital.

Park Square Capital is a leading private debt manager, providing senior debt, subordinated debt and mid-market direct loans to companies in Europe and the US. Park Square provides financing for high-quality companies backed by leading private equity sponsors. The firm has a selective, long-term and flexible investment approach, aimed at delivering attractive risk-adjusted returns across the market cycle.

The Debevoise team advising Park Square was led by London partner Geoffrey Kittredge (Picture) and international counsel John Anderson, and included associates Nicholas Kagan, Rachel Stables and Louis Liu. Tax advice was provided by partner Cécile Beurrier and associate Veronika Polakova. Finance advice was provided by partners Pierre Maugüé and Thomas Smith, and associate Anna Moore.

Involved fees earner: John Anderson – Debevoise & Plimpton; Nick Kagan – Debevoise & Plimpton; Geoffrey Kittredge – Debevoise & Plimpton; Louis Liu – Debevoise & Plimpton; Pierre Maugüé – Debevoise & Plimpton; Anna Moore – Debevoise & Plimpton; Veronika Polakova – Debevoise & Plimpton; Thomas Smith – Debevoise & Plimpton; Rachel Stables – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Park Square Capital, LLP;

Author: Federica Tiefenthaler