Park Square closes credit fund on $2.4bn

The successful closing follows a first close held for the fund in late 2013. The vehicle initially targeted $1bn.  

London-based Park Square was founded in 2004 and typically invests across the capital structure of leveraged companies including senior debt, subordinated debt, distressed debt and minority equity positions.

Investors
The vehicle attracted commitments from a range of institutional investors including European and US pension funds. The fund has also received leverage from financial institutions.

Investments
Credit Opportunities II will focus on providing senior secured debt financing for companies in Europe and the US, working alongside private equity sponsors.

The fund will be able to commit more than €100m per transaction.

The vehicle is already 62% invested and managing partner Robin Doumar stated he was upbeat towards opportunities in Europe and US over the near term. 

People
Robin Doumar is managing partner at Park Square.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Fundraising
• Funds
• Senior debt