Park Square Capital Partners V

Park Square Capital Partners V (PSCP V) is the fifth flagship fund of Park Square Capital, one of Europe's leading independent private credit investors with more than twenty years of track record and over $29 billion invested across credit cycles. The fund reached its final close in September 2025 with €2.4 billion in limited partner commitments—significantly exceeding its initial €1.75 billion target—attracting capital from pension funds, insurance companies, sovereign wealth funds, and leading institutional investors across Europe, North America, and Asia. Together with committed leverage and co-investment capital, PSCP V commands approximately €4 billion in total investable capital, setting a record for the firm's Capital Partners strategy.

Park Square Capital Partners V employs a subordinated credit strategy, deploying primary capital solutions such as junior debt and mezzanine finance, as well as participating in dislocated debt situations where attractive risk-adjusted pricing emerges across economic cycles. The fund targets European companies—with an expanding North American presence—in high-margin sectors including business services, software and technology, healthcare, and industrial manufacturing. PSCP V anticipates a portfolio of 30 to 40 investments, with 20 positions already established at final close. The fund benefits from close, long-standing partnerships with leading European and North American private equity sponsors, acting as a preferred financing partner for leveraged buyout and growth capital transactions.

The Capital Partners team is led by Partners Ruediger Blank and Martino Ghezzi, who oversee a team with deep credit structuring and sector expertise. Predecessor fund PSCP IV (closed May 2021) raised €1.5 billion in LP commitments and approximately €2.2 billion in total investable capital, establishing the team's consistent ability to scale fundraises while maintaining disciplined investment standards. Park Square Capital's history of strong sponsor relationships and sector focus has enabled the firm to build a differentiated position in the European private credit market.