Debevoise & Plimpton LLP has advised Park Square Capital (“Park Square”), one of Europe’s leading private credit investors, in the successful final close of European Loan Partners II and associated vehicles (“European Loan Partners II Programme”) at €3.4bn of investable capital for European direct lending, a 50% increase over the previous vintage.

The cornerstone of the European Loan Partners II Programme is the successful joint venture between Park Square and Sumitomo Mitsui Banking Corporation (“SMBC”) which closed at €2.8bn of investable capital, a 40% increase over its predecessor fund.

The European Loan Partners II Programme takes sole and lead lender positions in European mid-market businesses, focusing on direct, senior secured and unitranche loans.

For full details, see the official release here.

The Debevoise team advising Park Square was led by partner Geoffrey Kittredge and international counsel Nicholas Kagan, and included partner John Rife, international counsel Jin-Hyuk Jang, and associates Hosung Bae, Louis Liu, Eric Olmesdahl, and Rachel Stables. Tax advice was provided by partner Cécile Beurrier, international counsel Paul Eastham, and associates Christopher Gossage and Veronika Polakova.