VIDEO: There is a ‘misalignment of interest’ between PE and lenders

Park Square managing partner Robin Doumar believes market risks have increased over the past year.

Park Square Capital’s managing partner, Robin Doumar, says there are growing risks in the private debt market, including intense pressure on documentation and a misalignment of interest between private equity firms and debt funds.

He is also alarmed at some unitranche financings taking on junior credit risks but also believes increased market volatility could offer an opportunity for lenders to push back.