Polus holds €425 million initial close for third CLO equity fund
One of Europe's largest raises of its kind highlights Polus' leadership in the CLO and leveraged credit markets.
LONDON, June 17, 2025 /CNW/ -- Polus Capital Management ("Polus"), an investment management firm specialising in alternative credit strategies, is pleased to announce the initial close of its third CLO equity fund, Polus Loan Investments III ("PLI III"), with €425 million of commitments (approximately $485 million). The close represents one of Europe's largest CLO equity capital raises to date and underscores the firm's continued leadership in the global leveraged credit market.
PLI III will invest in the equity tranches of Polus-managed CLOs – actively managed vehicles comprising diversified portfolios of broadly syndicated leveraged loans – as well as other CLO tranches and credit investments.
Since launching its CLO management platform in 2006, Polus' Leveraged Credit team has raised approximately $12.7 billion globally including 21 new issues, 5 resets, and 6 refinancings. [1] The firm's CLO Equity Strategy has delivered consistent quarterly distributions for over a decade with an average net distribution yield to investors in the high teens. [2]
Building on its success in Europe, Polus recently expanded its CLO management platform into the US, issuing its inaugural US CLO in 2024. The successful transition to a global CLO management platform reflects the firm's strong following and reputation among institutional investors globally.
Since 2014, Polus has raised more than $1 billion in committed capital to invest in Polus-managed CLOs and other credit investments across Europe and the US. 1 PLI III marks the firm's largest CLO equity capital raise to date, providing significant runway for future CLO issuance while maintaining a focus on delivering strong risk-adjusted returns for investors. [3]
Polus' Leveraged Credit team brings nearly two decades of structuring, investment, and trading experience within CLOs. The team has invested approximately $21 billion across more than 2,100 broadly syndicated leveraged loans since inception and is currently invested in more than 500 issuers across Europe and the US. [4]
Nicholas Chalmers, Chief Executive Officer at Polus Capital Management, said:
"We are very proud of the performance of our Leveraged Credit team and CLO management platform. The strong initial close for PLI III reflects investors' confidence in our investment process and in the consistency of our track record. As one of Europe's largest CLO equity closes to date, this milestone reinforces our role as a trusted long-term partner to institutional investors seeking high yield and diversification through alternative credit strategies."
Notes for Editors
About Polus Capital Management
Polus Capital Management ("Polus") is an investment management firm specialising in alternative credit strategies. Polus has approximately $13 billion in assets under management 1 and invests across the capital structure and liquidity spectrum, focusing on three complementary investment verticals: Leveraged Credit, Special Situations and Structured Credit. Polus has offices in London and New York.
Media Enquiries
Greenbrook – Rob White / Ksenia Galouchko
[email protected]
+44 207 952 2000
[1] Assets Under Management and Advice: AUM figures include assets under management and advice of Polus group companies as well as CLO vehicles managed by Cairn Loan Investments LLP ("CLI I") and Cairn Loan Investments II LLP ("CLI II"). CLI I and CLI II are not affiliates of Polus nor of each other, but Polus established them as independent CLO managers and provides them with key support services ("Services"). AUM figures are estimated as at 31 May 2025 and include the initial close commitments to PLI III and other uncalled commitments. AUM figures are subject to rounding and FX fluctuations.
Metrics related to the past and present investment activity of the Leveraged Credit team includes leveraged loans and high yield bonds managed by Polus in CLO vehicles, single investor solutions and commingled funds, as well as leveraged loans and high yield bonds managed in CLO vehicles by CLI I and CLI II.
[2] Performance Notes: Past performance is not necessarily indicative of future performance and future returns are not guaranteed. Securities and derivatives trading are speculative and involve substantial risk of loss. Performance may increase or decrease as a result of FX fluctuations.
"CLO Equity Strategy" refers to the strategy Polus carried out through CLI I and/or CLI II. An investment in CLI I and/or CLI II provides investors with exposure primarily to the equity tranche of Polus-managed CLOs plus a revenue share in the collateral management fees earned by CLI I and CLI II for managing the CLOs. "Polus-managed CLOs" refers to CLOs managed or serviced by Polus' Leveraged Credit team, including CLOs managed by CLI I or CLI II, which share or have shared a common investment team with Polus through the provision of Services.
Neither CLI I nor CLI II charged a management fee or incentive fee to investors in CLI I or CLI II. Accordingly, net returns for an investment in CLI I and CLI II assume no management fee or incentive fee but do include expenses related to the operating cost of CLI I and CLI II, respectively. Further details of expenses are available upon request. The return to investors in CLI I and CLI II comprises primarily the return from investments in the equity tranche of Polus-managed CLOs (which is, by definition, net of management fees and, where applicable, incentive fees applied at the level of the CLO), but also includes a revenue share in the management fees earned by CLI I and CLI II for managing the CLOs. Performance figures have been calculated by Polus and have not been independently verified.
The composite aggregate net performance statistics for the CLO Equity Strategy (e.g. net distribution yield) are based on actual performance data of CLI I and CLI II as if they had been one continuous vehicle, utilising the weighted average of the two vehicles based on their respective sizes during the period for which the vehicles overlap, over the period from 2014 to present. The actual performance of an investment in CLI I or CLI II will vary from the composite performance and no representation is made that any vehicle or investor will or is likely to achieve the results shown. Performance figures have been calculated by Polus using the official internal records and investor reporting data and have not been independently verified.
[3] PLI III: There can be no assurance that PLI III will achieve results comparable to any past results, that the returns generated by PLI III will equal or exceed those of CLI I, CLI II or any other funds or accounts advised, sponsored or managed by Polus or that PLI III will be able to implement its investment strategy or achieve its investment objectives. Prospective investors should review PLI III's offering documents for additional important information regarding risks of investing and potential conflicts of interest associated with PLI III. PLI III will only accept investments from institutional investors (i.e. accredited investors in the US or other 'professional investors').
[4] Team: Certain members of the Leveraged Credit Team may not have performed or provided services to Polus, CLI I or CLI II and may not necessarily have held such positions or been employed by Polus, in each case as applicable, for the entire term of the team's operating history. Similarly, such persons may not necessarily continue to hold such positions with or provide services to Polus, CLI I or CLI II (as applicable) in the future.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
5 days ago
- Cision Canada
Polus holds €425 million initial close for third CLO equity fund
One of Europe's largest raises of its kind highlights Polus' leadership in the CLO and leveraged credit markets. LONDON, June 17, 2025 /CNW/ -- Polus Capital Management ("Polus"), an investment management firm specialising in alternative credit strategies, is pleased to announce the initial close of its third CLO equity fund, Polus Loan Investments III ("PLI III"), with €425 million of commitments (approximately $485 million). The close represents one of Europe's largest CLO equity capital raises to date and underscores the firm's continued leadership in the global leveraged credit market. PLI III will invest in the equity tranches of Polus-managed CLOs – actively managed vehicles comprising diversified portfolios of broadly syndicated leveraged loans – as well as other CLO tranches and credit investments. Since launching its CLO management platform in 2006, Polus' Leveraged Credit team has raised approximately $12.7 billion globally including 21 new issues, 5 resets, and 6 refinancings. [1] The firm's CLO Equity Strategy has delivered consistent quarterly distributions for over a decade with an average net distribution yield to investors in the high teens. [2] Building on its success in Europe, Polus recently expanded its CLO management platform into the US, issuing its inaugural US CLO in 2024. The successful transition to a global CLO management platform reflects the firm's strong following and reputation among institutional investors globally. Since 2014, Polus has raised more than $1 billion in committed capital to invest in Polus-managed CLOs and other credit investments across Europe and the US. 1 PLI III marks the firm's largest CLO equity capital raise to date, providing significant runway for future CLO issuance while maintaining a focus on delivering strong risk-adjusted returns for investors. [3] Polus' Leveraged Credit team brings nearly two decades of structuring, investment, and trading experience within CLOs. The team has invested approximately $21 billion across more than 2,100 broadly syndicated leveraged loans since inception and is currently invested in more than 500 issuers across Europe and the US. [4] Nicholas Chalmers, Chief Executive Officer at Polus Capital Management, said: "We are very proud of the performance of our Leveraged Credit team and CLO management platform. The strong initial close for PLI III reflects investors' confidence in our investment process and in the consistency of our track record. As one of Europe's largest CLO equity closes to date, this milestone reinforces our role as a trusted long-term partner to institutional investors seeking high yield and diversification through alternative credit strategies." Notes for Editors About Polus Capital Management Polus Capital Management ("Polus") is an investment management firm specialising in alternative credit strategies. Polus has approximately $13 billion in assets under management 1 and invests across the capital structure and liquidity spectrum, focusing on three complementary investment verticals: Leveraged Credit, Special Situations and Structured Credit. Polus has offices in London and New York. Media Enquiries Greenbrook – Rob White / Ksenia Galouchko [email protected] +44 207 952 2000 [1] Assets Under Management and Advice: AUM figures include assets under management and advice of Polus group companies as well as CLO vehicles managed by Cairn Loan Investments LLP ("CLI I") and Cairn Loan Investments II LLP ("CLI II"). CLI I and CLI II are not affiliates of Polus nor of each other, but Polus established them as independent CLO managers and provides them with key support services ("Services"). AUM figures are estimated as at 31 May 2025 and include the initial close commitments to PLI III and other uncalled commitments. AUM figures are subject to rounding and FX fluctuations. Metrics related to the past and present investment activity of the Leveraged Credit team includes leveraged loans and high yield bonds managed by Polus in CLO vehicles, single investor solutions and commingled funds, as well as leveraged loans and high yield bonds managed in CLO vehicles by CLI I and CLI II. [2] Performance Notes: Past performance is not necessarily indicative of future performance and future returns are not guaranteed. Securities and derivatives trading are speculative and involve substantial risk of loss. Performance may increase or decrease as a result of FX fluctuations. "CLO Equity Strategy" refers to the strategy Polus carried out through CLI I and/or CLI II. An investment in CLI I and/or CLI II provides investors with exposure primarily to the equity tranche of Polus-managed CLOs plus a revenue share in the collateral management fees earned by CLI I and CLI II for managing the CLOs. "Polus-managed CLOs" refers to CLOs managed or serviced by Polus' Leveraged Credit team, including CLOs managed by CLI I or CLI II, which share or have shared a common investment team with Polus through the provision of Services. Neither CLI I nor CLI II charged a management fee or incentive fee to investors in CLI I or CLI II. Accordingly, net returns for an investment in CLI I and CLI II assume no management fee or incentive fee but do include expenses related to the operating cost of CLI I and CLI II, respectively. Further details of expenses are available upon request. The return to investors in CLI I and CLI II comprises primarily the return from investments in the equity tranche of Polus-managed CLOs (which is, by definition, net of management fees and, where applicable, incentive fees applied at the level of the CLO), but also includes a revenue share in the management fees earned by CLI I and CLI II for managing the CLOs. Performance figures have been calculated by Polus and have not been independently verified. The composite aggregate net performance statistics for the CLO Equity Strategy (e.g. net distribution yield) are based on actual performance data of CLI I and CLI II as if they had been one continuous vehicle, utilising the weighted average of the two vehicles based on their respective sizes during the period for which the vehicles overlap, over the period from 2014 to present. The actual performance of an investment in CLI I or CLI II will vary from the composite performance and no representation is made that any vehicle or investor will or is likely to achieve the results shown. Performance figures have been calculated by Polus using the official internal records and investor reporting data and have not been independently verified. [3] PLI III: There can be no assurance that PLI III will achieve results comparable to any past results, that the returns generated by PLI III will equal or exceed those of CLI I, CLI II or any other funds or accounts advised, sponsored or managed by Polus or that PLI III will be able to implement its investment strategy or achieve its investment objectives. Prospective investors should review PLI III's offering documents for additional important information regarding risks of investing and potential conflicts of interest associated with PLI III. PLI III will only accept investments from institutional investors (i.e. accredited investors in the US or other 'professional investors'). [4] Team: Certain members of the Leveraged Credit Team may not have performed or provided services to Polus, CLI I or CLI II and may not necessarily have held such positions or been employed by Polus, in each case as applicable, for the entire term of the team's operating history. Similarly, such persons may not necessarily continue to hold such positions with or provide services to Polus, CLI I or CLI II (as applicable) in the future.
Cision Canada
10-06-2025
- Cision Canada
Sagard Launches New Collateralized Loan Obligation (CLO) Equity Fund, Providing Investors with Opportunity for Compelling Returns and Greater Diversification in the Leveraged Loan Market Français
LOS ANGELES, June 10, 2025 /CNW/ - Sagard, a global alternative asset manager with over US$27B of assets under management, today announced the launch of a new Sagard CLO Equity Fund (the "Fund"). This initiative represents a compelling opportunity for investors seeking enhanced returns and diversification through exposure to the attractive risk-reward profile of the CLO equity asset class. The Fund intends to invest in the equity tranche of future Sagard | HalseyPoint CLOs, which are a diversified pool of leveraged loans managed by Sagard | HalseyPoint, a seasoned CLO manager with a 25-year track record. The Fund targets the equity tranche, the highest-return segment in a CLO structure. It aims to provide investors with quarterly cash flow while managing risk through diversification. The Sagard team and affiliates, along with major insurance players and other institutional investors, have committed $92.5M in capital 1. The Fund aims to raise an additional $157.5M to reach a target size of $250M. "We are excited to partner with Lynn Hopton and Yvonne Stevens' team at Sagard | HalseyPoint to offer our expertise to new investors in CLO equity. It's a unique time to invest in this asset class," said Adam Vigna, Co-Founder and Chief Investment Officer at Sagard. "In a leveraged loan market of about $1.5T, there are very few managers who not only have a deep grasp of market dynamics but also have built the sourcing relationships in the broadly syndicated loan market. We believe these qualities position us to consistently deliver potentially attractive returns." Key features of the Sagard CLO Equity Fund 2 Diversified Exposure: the Fund invests in the equity tranche of future CLOs, each composed of a strategically selected pool of secured loans managed by Sagard | HalseyPoint. This broad diversification across multiple CLOs and hundreds of underlying loans helps mitigate risks associated with any single loan or issuer. Potential Returns: the CLO equity tranche historically offers the highest potential return within the CLO capital structure with quarterly, front-loaded cash flow. The Fund strategically targets this tranche, providing investors with the opportunity to capture a significant portion of the potential returns generated by the underlying secured loan assets. Experienced Management: The Fund benefits from the track record of the Sagard | HalseyPoint team. With a 25-year history in the CLO market, they are a well-established manager, having successfully raised and managed over 30 CLOs through varying economic conditions. "We're excited to see how the asset class has grown in recent years. With attractive loan prices in both secondary and new issue markets, and arbitrage opportunities still intact, this is a great time to develop a strong backing on the equity side. Our objective is to issue more CLOs every year, and to pass on the resulting pricing efficiency to our equity investors," said Lynn Hopton, Co-Founder and Managing Partner at Sagard | HalseyPoint. In March 2024, alternative asset manager Sagard acquired a 40% stake in HalseyPoint CLO platform to broaden its credit offering – the company since rebranded to Sagard | HalseyPoint. About Sagard Credit Sagard Credit provides bespoke debt solutions to public and private middle-market companies seeking capital in the U.S. and Canada. Sagard's credit investment platform and its strategic partner, Sagard | HalseyPoint, together manage $8.5B in assets including $4.5B under its private credit and senior lending strategies and $4.0B under management at Sagard | HalseyPoint in the CLO space 3. Our investments are tailored to the company's specific needs, including support for growth, M&A, refinancing, recapitalizations, and other strategic initiatives. Sagard's credit offering includes investment strategies in opportunistic credit, senior lending, collateralized loan obligations, and private wealth solutions. About Sagard Sagard is a global multi-strategy alternative asset management firm with over US$27B under management, 190 portfolio companies, and 400 professionals. We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. Our firm has offices in Canada, the United States, Europe, and the Middle East. _______________________________________ 1 The total capital commitments referenced herein represent the aggregate capital commitments received by the Fund as of the date hereof. Due to regulatory and structural requirements applicable to certain investors, a portion of these capital commitments will not be immediately accepted by the General Partner and therefore, will not be available for drawdown by the Fund. The General Partner has agreed that, as additional capital commitments are received during subsequent closings, withheld capital commitments will be accepted and be available to the Fund. However, there can be no assurance that the Fund will ultimately receive the necessary additional capital commitments to make all committed capital available for drawdown. 2 There can be no assurance that the Fund will achieve results comparable to any past results, that the returns generated by the Fund will equal or exceed those of any other funds or accounts sponsored or managed by Sagard | HalseyPoint or that the Fund will be able to implement its investment strategy or achieve its investment objectives. Prospective investors should review the Fund's offering documents for additional important information regarding risks of investing and potential conflicts of interest associated with this Fund. 3 As of December 2024.
Calgary Herald
29-05-2025
- Calgary Herald
Royop Development Corp. joins ranks of Best Managed Companies
Article content Deloitte has released its 2025 list of Best Managed Companies with nine Alberta home builders and real estate developer/management companies either joining the ranks or maintaining their designation. The list this year includes Carrington Communities, Homes by Avi, Hopewell Residential, Jayman Built, Logel Homes, Morrison Homes, Rockwood Custom Homes and Trico Homes, plus newcomer Royop Development Corp. Article content Article content Article content The compilation of nearly 500 companies has been a go-to list for Canadian consumers since 1993. To achieve Best Managed status, companies undergo rigorous, independent evaluations for excellence in management, solid investment in human resources, evidence of strong customer relationships, ethical practices and corporate integrity. Meeting the stringent criteria translates into greater product quality, reliability, trust and consumer confidence. Article content Article content To qualify, companies must have annual revenues of $50 million or more. There are three levels of designation determined by how well each company has upheld Deloitte's standards and how long they've maintained their status. Article content This marks the second year that Homes by Avi, which builds in Edmonton and Calgary, has achieved Best Managed status and the first for Calgary-based Royop Development, a real estate management and development company with commercial properties throughout Western Canada. Carrington Communities of Edmonton has sustained its Best Managed Status for five years and has advanced to the Gold Standard. The builder joins Calgary's Rockwood Custom Homes at the Gold level. Article content Article content Companies in the prestigious Platinum Club with seven or more years of good standing include Edmonton/Calgary home builders Hopewell Residential and Jayman Built, plus Logel Homes and Morrison Homes, both headquartered in Calgary. Article content Logel president Brayden Logel said every team member strives for continuous improvement in all aspects of homebuilding. Article content 'We're very proud of our requalification for Canada's Best Managed Platinum membership, which exemplifies our leadership and management team's dedication to workplace culture, operations, strategy and to exceeding our customers' expectations,' he said. Article content 'It's an honour for us to be part of Canada's Best Managed Companies program. Achieving the status of Best Managed Platinum Club reflects years of working alongside Deloitte and evolving our business to its current stature. We take pride in sharing our status with our homebuyers,' said Al Morrison, chairman of Morrison Homes.
