Pollen Street Capital closes £2.5 billion for its private credit strategy

Pollen Street Capital (“Pollen Street”), a leading alternative asset manager, today announces the successful final close of Pollen Street Private Credit Fund IV (“Fund IV” or “the Fund”), having raised £2.5 billion in total commitments and significantly surpassing its original target. The Fund’s close reflects the strength of investor conviction in Pollen Street’s dedicated approach to asset-based private credit and cements the firm’s position as one of Europe’s leading specialist credit managers.

Fund IV attracted strong demand from a broad and growing global investor base, with commitments spanning blue-chip public and corporate pension plans, investment consultants, insurance companies, sovereign wealth funds, leading global asset managers, private banks, foundations and family offices. The Fund deepens Pollen Street’s relationship with longstanding partners while also welcoming a significant group of new investors.

Fund IV continues Pollen Street’s established private credit strategy, focused on asset-based lending (“ABL”) to mid-market companies across Europe, providing bespoke financing solutions to high-quality businesses secured on diversified portfolios of assets. The strategy targets attractive risk-adjusted returns through disciplined underwriting, deep sector expertise and active portfolio management. These qualities have driven consistent performance across market cycles and underpin continued investor confidence in the platform. The Fund has been investing strongly to date with £1.7 billion of facility commitments across more than 30 borrowers.

Matthew Potter, Head of Credit at Pollen Street Capital commented: “The successful close of Credit Fund IV is a milestone we are very proud of, and one that reflects the enduring confidence of our established investor partners alongside the warm welcome we have received from a growing cohort of new global institutions. The demand we have seen is a direct result of the resilience and consistency of our asset-backed lending strategy – providing bespoke senior secured financing to mid-market companies across Europe, backed by diversified tangible assets and structured to deliver strong downside protection through the cycle. We are grateful to every partner both longstanding and new and are excited to continue delivering for them as we deploy this capital. Looking ahead we are well placed to continue deploying capital into a market where our specialist expertise and long-term relationships give us a genuine and lasting edge.”