Credit funds at a glance (June 2021)
A round up of fundraising and people moves in credit

Park Square collects €1.8 billion for European mezz debt fund
With leverage, Park Square expects the strategy to have €2.2 billion of investable capital

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

KKR brings in Park Square partner for European private credit team
KKR has appointed a London-based partner to its European credit team

CVC brings in BlackRock and Park Square private credit pair as partners
CVC has made two senior appointments to its private credit team, including a co-head of private credit

Park Square opens Frankfurt office
Park Square Capital has established an office in Frankfurt, as the European direct lender says the local presence “cements our commitments to clients in the region”

Park Square nears €1.5 billion final close for European junior debt fund
Park Square Capital is nearing the final close on a fourth European mezzanine debt fund, with the London-based manager collecting nearly €1.3 billion

Park Square promotes four after departure of direct lending head
Park Square has announced four promotions to partner, which comes a couple of months after its head of direct lending Howard Sharp parted ways with the firm, as previously reported by Debtwire

Danish pension fund eyes niche credit opportunities
PensionDanmark is preparing for more volatility in 2019 by casting its eye towards niche opportunities in the special situations and distressed debt market. The Copenhagen-based pension fund last month merged its alternatives and private debt platforms

Private debt manager makes multi-million dollar sales for third credit opps fund
Private debt manager Park Square has made significant sales for its Capital Credit Opportunities III fund over the course of a year, regulatory filings indicate

Park Square adds staff in direct lending and names new partners
European mid-market credit specialist Park Square Capital has announced that it has made two hires while also promoting three of its existing staff to the rank of partner

Former BlueBay partner establishes direct lending firm after key hires
The former head of German direct lending at BlueBay has launched a new firm with backing form a German private equity firm. He has hired former Barings and Park Square officials to support his new business

Investor hires Park Square for direct lending after inspecting fee structures
Park Square wins direct lending mandate - and two other direct lenders could also be granted contracts subject to negotiations over fees

Pension fund pumps $220 million into direct lending in new credit push
A US pension fund, which has been a big backer of direct lending strategies, has recently increased its target allocation to credit. Its existing line up of mid-market managers have greatly benefitted.