Park Square hires GE’s former head of origination

Howard Sharp, previously head of origination and sponsor coverage at GE Capital, will become head of mid-market direct lending at Park Square in the new year.

Park Square Capital has hired Howard Sharp as head of mid-market direct lending. 

Sharp starts in the new year and will be responsible for leading efforts into more mid-market direct lending.

Sharp was previously head of origination and sponsor coverage at GE Capital. He was involved in arranging senior debt club and underwritten financings for the mid-market. He left the firm in August.

Prior to that, Sharp spent eight years at RBS as deputy head of leveraged capital markets. He also worked at Societe Generale, ABN AMRO and NatWest.

Robin Doumar, managing partner at Park Square, said in a statement: “We are delighted that Howard will be joining Park Square. He brings a wealth of experience in mid-market direct lending, which will be extremely valuable as we further develop our European credit strategy.” 

Park Square is in the process of launching its third Credit Opportunities fund, PDI understands. The strategy focuses on senior lending and has the flexibility to invest in both large-cap and mid-cap debt. The firm’s second fund raised $2.6 billion in total and was already 62 percent invested by the time of its final closing in June this year.

Park Square invests across the capital structure including senior and subordinated debt, distressed debt and minority positions. The firm, founded in 2004 and headquartered in London, manages and advises on about $4.8 billion of capital.

Sharp commented in a statement: “I am very pleased to be joining Robin and the team at Park Square. They have built an outstanding credit investment platform with a leading role in both subordinated and senior debt investments, and I am excited to help grow the firm’s presence in the European mid-market”.