Private-credit & direct-lending funds

Park Square Capital

A London-headquartered private credit manager that lends to larger, private-equity-backed companies across Europe and the US.

What they do

Park Square Capital is an independent private credit firm founded in 2004, providing senior debt, subordinated/junior debt and mid-market direct loans across the capital structure. Its lending is overwhelmingly to high-quality, leveraged companies backed by established private equity sponsors, alongside a large broadly-syndicated senior loan and European CLO business. The European direct-lending programme (European Loan Partners II) closed at EUR 3.4bn in 2024, and the firm has built dedicated US senior direct lending capacity, including a 2025 strategic alliance with Nomura. Deployment is selective and credit-led rather than volume-driven.

Where they fit in a lower-mid-market raise

For a UK lower-mid-market borrower, Park Square is relevant only at the top end of the spectrum and almost always in a sponsor context: a private-equity-owned business seeking a sizeable unitranche or senior facility to fund an LBO, recapitalisation or larger acquisition. Their natural counterparty is a financial sponsor and their deal teams, not an unsponsored corporate. Where they fit is upper-mid-market and large-cap leveraged credit where a single lender can write a large, flexible cheque across the structure.

Where they are not the fit

They are not a fit for the core £3–15m direct-corporate raise that Solon focuses on. A fund of this scale (multi-billion programmes, $35bn+ deployed since inception across 245+ companies) deploys in tickets materially larger than 15m, and its origination is geared to private-equity sponsors rather than founder- or family-owned corporates approaching directly. A sub-15m unsponsored facility sits below their minimum economics and outside their typical sourcing channels.

On the record

This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.