back Back

Park Square Capital receives investment from Bonaccord Capital Partners

By Joy Dumasia

January 10, 2022

  • Asset Management
  • Bonaccord Capital Partners
  • Credit Management
Share

Park Square Capital, one of Europe’s credit investment firms with approximately $10 billion in assets under management, announces that Bonaccord Capital Partners, a private equity firm focused on acquiring non-control equity interests in leading mid-size private markets sponsors, has invested in a non-voting, passive minority stake in the firm. Terms of the investment were not disclosed.

Bonaccord’s investment marks a further step forward in the institutionalization of Park Square by aligning the team as substantial equity holders, creating a balance sheet to support the future growth of the firm, and enhancing its governance structures. The investment will have no impact on Park Square’s day-to-day management or operations and is non-voting, which means the firm’s investment and decision-making processes will remain unchanged.

Robin Doumar, the Managing Partner of Park Square, said: “We are delighted to welcome Bonaccord as a long-term strategic investment partner. Bonaccord’s experience and track record of supporting leading alternative asset managers will be helpful to us as we continue to strategically build and scale our platform to better serve our limited partners.”

Ajay Chitkara, Head of Bonaccord, said: “We are thrilled to have the opportunity to partner with Park Square Capital in support of its institutionalization and long-term strategic initiatives. We believe that Park Square has built a leading platform among European private credit sponsors and is well-positioned for continued success.” 

Park Square has experienced significant growth since its inception in 2004, with AUM increasing to over $10 billion. It provides credit solutions to high-quality and stable companies across Europe and the United States and has invested more than $19bn in senior and subordinated debt. The firm has an experienced team of over 100 people based across London, New York, Frankfurt, Luxembourg, Paris, Stockholm and Seoul.

Previous Article

January 10, 2022

4 payment apps storming the digital payments sector in 2022

Read More
Next Article

January 11, 2022

New dawn for SMB Credit Lenders with Uplinq launch

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Asset Management

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 16, 2024

Cashinvoice adds former TATA Motors VP, Ramesh Dorairajan to its Advisory board

Read More

May 16, 2024

Celerant & Sezzle offer BNPL functionality at the Point of Sale

Read More

May 14, 2024

Mexico’s BNPL Aplazo secures $70m in equity funding

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023