Debevoise & Plimpton LLP has advised Park Square Capital (“Park Square”), one of the world’s leading independent private credit investors, in the successful final close of Park Square Capital Partners V (“PSCP V” or “The Fund”) with over €2.4bn of LP commitments, significantly exceeding the initial €1.75bn target and marking a record raise for the strategy.

Together with leverage and committed co-investment capital, PSCP V’s total investable capital is approximately €4bn, which is substantially larger than its previous vintage, Park Square Capital Partners IV, which closed at €2.2bn in May 2021 and included €1.5bn of LP commitments.

The Fund supports market-leading, stable businesses across Europe and North America, with a strong emphasis on partnerships with private equity sponsors.

For full details, see the official release here.

The Debevoise team advising Park Square was led by partner Geoffrey Kittredge and counsel Nicholas Kagan, and included partners John Rife, associates Hosung Bae, Allegra de Lorenzo, Rachel Stables and Mitchell Tate, and corporate staff attorney Helen Ho. Regulatory advice was provided by partner Jin-Hyuk Jang, counsel John Young, associates Sameena Hussain, Eric Olmesdahl and Alfie Scott. Tax advice was provided by partner Cécile Beurrier, counsel Paul Eastham and Matthew Pincus, and associates Christopher Gossage, Weichi Liu, Veronika Polakova and Isabel Shipman. Finance advice was provided by partner Tom Smith, counsel Felix Paterson, and associates Lee Lancaster, Anna Moore and Henry Treble.