Park Square Capital Partners has launched its third subordinated debt fund; securing €1.2 billion of investor commitments with advice from Carey Olsen’s investment fund specialists.
The fund, Park Square Capital Partners III, will continue the strategy of investing in the debt of high-quality levered companies backed by leading private equity sponsors across Europe and the US. The fund is able to use leverage taking its total investable capital to €1.5 billion. The predecessor fund, Park Square Capital Partners II, which is a 2010 vintage fund, closed at €850m.
Carey Olsen partner Andrew Boyce and senior associate Alex Mauger advised on the Guernsey elements of the final close, including structuring, fund formation, regulation, marketing and launch.