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 increase 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, personal 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 purpose to assemble a liquid, diversified portfolio that seeks to guard our traders all through the capital construction from debt to fairness,” mentioned Jim Stehli, lead for capital markets and structured credit score, who co-leads the CLO group.
“This closing marks a big second within the development and enlargement of our credit score enterprise as we proceed to ship options that tackle our shoppers’ funding wants. We recognize the possibility to associate 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 location 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