Park Square Capital receives investment from Bonaccord Capital Partners
By Joy Dumasia
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.
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July 01, 2022
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