Latest news with #CLO
Korea Herald
5 days ago
- Business
- Korea Herald
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 /PRNewswire/ -- 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 polus@ +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.
Yahoo
5 days ago
- Business
- Yahoo
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 management1 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 polus@ +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. View original content: SOURCE Polus View original content:
Cision Canada
5 days ago
- Business
- 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.
Yahoo
13-06-2025
- Business
- Yahoo
Why Tapestry and CLO are Extending Coach Play's Co-Creation Concept to a Design Contest
CLO Virtual Fashion and Tapestry are opening up Coach handbags for reinterpretation through a global design contest. Dubbed 'The Handbag Edit,' the competition—which opened this month—is asking entrants to build a capsule collection fit for a Coach Play store using CLO's 3D design tools as a digital sandbox. This contest offers Coach the chance to engage with emerging design talent while also promoting the use of digital product creation tools. More from Sourcing Journal Capri Holdings Plots Turnaround After Steep Q4 Losses Tapestry Tops Q3 Estimates and Raises Outlook Despite Difficult Backdrop Coach Parent, eBay and More Join The Fashion ReModel Initiative 'While CLO is widely recognized for its powerful 3D simulation capabilities in garment design, many people don't realize that it's also great for creating all types of bags,' said Joon Lee, global brand communications lead at CLO. 'We wanted to showcase how easily CLO can be used for designing leather goods and inspire our users to push the boundaries of what the software can do, so we can keep improving. Coach, a brand with a rich heritage of craftsmanship and proven track record of innovation, felt like the perfect partner to bring our vision to life.' The Coach Play store concept caters to the Gen Z consumer with a focus on co-creation and fostering connections. These experiential spaces offer interactive opportunities like customization and live events. First introduced in 2023 in Chicago, Coach Play has since expanded globally to locales including Tokyo, Singapore, Taipei and Salt Lake City. 'Coach Play is all about inviting consumers into the creative process—blurring the lines between designer and audience,' said Giovanni Zacariello, senior vice president, visual experience at Coach. 'This contest embodies that ethos by giving participants the tools and freedom to design pieces that reflect their personal style and values. Gen Z seeks authenticity, personalization and purpose in the brands they support. This competition speaks to the digital fluency and desire for self-expression among Gen Z, and through this partnership with CLO, we're meeting them where they are and inviting them to shape the future of Coach alongside us.' To help contestants get inspired to reinterpret the 84-year-old house's codes, Coach is providing them with a downloadable color palette and brand standards such as trim and hardware options via the contest page on CLO's Connect platform. A mood board also sets the tone, visualizing the design brief that includes descriptors like 'playful and innovative' and 'youthful and adventurous.' Entrants can submit up to five designs through July 31. While the focus is on leather goods and each entry must include a handbag, designers are invited to flesh out their capsules with garments and other items such as bag charms. Following a judging process conducted by three Tapestry executives, seven winners will be announced on Aug. 25. Along with cash prizes totaling $5,000, the winning designers will be featured on Coach and CLO's media channels. 'Our goal [for this competition] is to keep building deeper engagement with a digitally native audience and showcase how emerging technologies like CLO can transform the design process,' said J.J. Camara, senior director, digital product creation at Tapestry. 'Ultimately, we want to drive innovation and stay close to the consumer as they evolve. It also aligns with Tapestry's broader digital strategy, which emphasizes experimentation, iteration and customer-centric innovation.' Tapestry was an 'early adopter' of CLO's 3D design tools, which it uses group-wide for digital product creation (DPC) across ready-to-wear, accessories and special projects. The software solution allows creators to visualize their designs in real-time as they adjust choices such as patterns or colors. Calling CLO a 'valued tool in our DPC toolbox,' Camara added that the group is widening its use cases for the software. As an example, Tapestry has been training its ready-to-wear technical designers on CLO, and it is exploring 'co-create opportunities' that would see them generate digital assets that could be used throughout the entire product journey—including consumer-facing implementations. As 3D tools continue to catch on, one of the main barriers to entry is a lack of digitally trained talent, which 52 percent of industry respondents pinpointed as a challenge in Kalypso's 2023 Digital Product Creation in Retail Research survey. Efforts like CLO and Tapestry's competition could encourage up-and-coming designers to get more familiar and play around with digital tools. 'We're noticing that many brands, suppliers and vendors are accelerating their adoption of 3D solutions to stay ahead, and leading fashion schools are ensuring their students enter the industry equipped with the skills and knowledge to use these tools,' said CLO's Lee. 'As 3D design becomes more embedded in the end-to-end workflow, we believe it will soon be—and in a way, already is—the default way fashion designers work.'
Business Wire
12-06-2025
- Business
- Business Wire
Benefit Street Partners Secures $500 Million for Its Third Captive U.S. CLO Equity Fund
NEW YORK--(BUSINESS WIRE)--Benefit Street Partners L.L.C. ('BSP'), a leading credit-focused alternative asset management firm and a subsidiary of Franklin Templeton, announced today that it has closed on $500 million in total equity commitments for its third captive U.S. CLO equity fund, BSP CLO Equity III. This fund gives BSP the capacity to fund up to 20 U.S. CLOs over the next four years, adding up to $10 billion in assets under management to BSP's credit platform. Combined with Alcentra, its European counterpart, BSP is one of the largest global CLO managers with over $26 billion in CLO AUM and a 20+ year track record of investing in the asset class. 'The consistent performance of U.S. CLO equity across multiple credit cycles has earned it a permanent allocation within private credit portfolios,' said Vince Pompliano, Managing Director and Co-Head of CLO Platform. 'Investor demand for this strategy reflects both the asset class's growing appeal and continued confidence in BSP's ability to deliver attractive, risk-adjusted returns through disciplined investing, deep credit expertise and the strength of our experienced team.' About Benefit Street Partners BSP is a leading global alternative credit asset manager offering clients investment solutions across a broad range of complementary credit strategies, including direct lending, special situations, structured credit, high yield bonds, leveraged loans and commercial real estate debt. As of March 31, 2025, BSP and Alcentra combined have $77 billion of assets under management, with 501 employees operating across North America, Europe and Asia Pacific. BSP is a wholly owned subsidiary of Franklin Templeton. For further information, please visit About Alternatives by Franklin Templeton Franklin Templeton is one of the largest managers in alternative assets globally, amounting to 16% (US$252 billion) of the firm's $1.5 trillion in assets under management as of March 31, 2025. Its specialist investment managers, each with deep domain expertise, provide a diverse range of alternative asset capabilities including private credit and real estate debt from Benefit Street Partners-Alcentra, real estate equity from Clarion Partners, secondary private equity and co-investments from Lexington Partners, hedged strategies from Franklin Templeton Investment Solutions and pre-IPO growth equity investments from Franklin Venture Partners.
