Park Square Raises €3.4 Billion for New Private Credit Vehicle
- European Loan Partners II includes joint venture with SMBC
- Strategy to target private equity-backed businesses in Europe
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European private credit specialist Park Square Capital has raised €3.4 billion ($3.8 billion) for a new direct-lending vehicle, according to its managing partner Robin Doumar.
Park Square’s European Loan Partners II includes a joint venture with Sumitomo Mitsui Banking Corp. It will lend to private equity-owned mid-market businesses across Europe.