Park Square raises $2.4 bln for second credit opportunities fund

London-based credit provider Park Square Capital has closed its second credit opportunities fund at $2.4 billion. The limited partners for Credit Opps II include European and U.S. pension funds. The pool will focus on providing senior debt funding for leveraged companies in Europe and North America.


London, Monday 22nd June 2015: Park Square Capital (“Park Square”), one of Europe’s leading independent credit providers, today announces that it has raised a total of $2.4bn of committed capital for its Credit Opportunities II senior debt program (“Credit Opps II”). The committed capital includes equity which has been raised from a range of institutional investors from around the world, in particular European and US pension funds, and leverage which has been provided by leading global financial institutions.

Credit Opps II will focus on providing senior secured debt financing for leveraged companies in Europe and North America, working alongside leading private equity sponsors. Credit Opps II is able to invest in both primary transactions and secondary market purchases. This continues the successful strategy of Park Square’s first senior debt fund, Credit Opportunities I, which was raised in 2007.

Credit Opps II will routinely be able to commit more than €100 million to transactions, making it one of the leading players in the European leveraged loan markets.

Commenting on Credit Opps II, Robin Doumar, Managing Partner of Park Square, said:
“We are very pleased with the strong support we have received from our investors. We believe that Park Square is well positioned to meet the growing need for institutional capital in the loan markets, as banks retreat further from leveraged lending due to regulatory pressures.”

Headquartered in London, Park Square is one of Europe’s leading credit providers. The firm was founded in 2004, and currently manages and advises over $4.4bn of capital. Park Square is an independent firm which is wholly owned by the investment team, and works as a trusted partner to Europe’s leading private equity sponsors, companies and management teams.

Park Square targets attractive risk-adjusted returns for its investors through a selective, value-oriented investment approach. The firm has the flexibility to invest across the capital structure of leveraged companies, including senior debt, subordinated debt, distressed debt and minority equity positions. Investors include some of the world’s leading public and private pension funds, sovereign wealth funds, insurance companies and asset managers.