Polen Capital Administration has introduced the shut of its debut collateralised mortgage obligation (CLO) with $407.15m (£316m) raised.
Polen Capital CLO 2025-1, which is backed by a pool of broadly syndicated first-lien loans, is a part of Polen’s technique to develop its credit score and structured finance choices to a wider vary of traders.
Polen specialises within the leveraged credit score markets, together with high-yield bonds, syndicated financial institution loans, non-public credit score and different particular conditions.
Learn extra: Continental shift: Particular report on CLOs
“We’re thrilled to announce the shut of our debut CLO, Polen Capital CLO 2025-1, by way of which we intention to assemble a liquid, diversified portfolio that seeks to guard our traders all through the capital construction from debt to fairness,” stated Jim Stehli, lead for capital markets and structured credit score, who co-leads the CLO crew.
“This closing marks a major second within the development and enlargement of our credit score enterprise as we proceed to ship options that tackle our purchasers’ funding wants. We respect the prospect to companion with traders as we set up our new CLO technique, significantly at a time of monumental alternative within the area.”
Learn extra: Churchill AM completes $750m mid-market CLO
BofA Securities served as the position agent and structuring agent.
Polen Capital is a worldwide funding agency managing roughly $60bn in fairness and debt property.
Learn extra: Alcentra secures $1bn+ in fairness capital for CLO funds
