Wed, May 18, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Park Square Capital raises $2.6bn for its latest subordinated debt fund

Friday, May 07, 2021

Laxman Pai, Opalesque Asia:

The private debt manager Park Square Capital closed its latest subordinated debt fund at €2.2 billion ($2.6 billion) including committed leverage.

Park Square Capital Partners IV (PSCP IV) raised €1.8 billion of equity commitments, exceeding its target of EUR1.5 billion, said a press release from the provider of senior debt, subordinated debt and mid-market direct loans to companies in Europe and the US.

The new fund represents an increase of 48 percent over its predecessor fund, PSCP III, which had EUR1.5 billion of investable capital, including leverage, in 2016.

"The success of the fundraising reflects the continued development of the firm and the strong performance of the strategy through multiple credit cycles," said Robin Doumar, managing partner, in the news release. "We are excited by the robust pipeline of opportunities available to private credit as the world recovers from the COVID crisis."

PSCP IV attracted a broad mix of institutional investors by type and geography, including commitments from sovereign wealth funds, pension funds, insurance companies, and family offices across Europe, the US, and Asia.

Investors included the €36 billion PensionDanmark, Copenhagen, according to the pension fund's website.

"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 ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year