Polen Capital Launches Inaugural Credit Interval Fund

Polen Capital, a global asset manager, today announced the launch of the Polen Credit Opportunities Fund (“Fund”) (PCOFX), Polen’s first interval fund offering. The Fund, a flexible and high-conviction credit product that aims to provide investors with high current income, attractive risk-adjusted returns, and diversified credit exposure, pursues a strategy that has been managed by Polen since 2010.

The Fund, which has the flexibility to invest across the capital structure of a credit issuer, focuses on high yield bonds and bank loans issued in both public and private markets. The Fund adheres to Polen’s high-conviction approach, will typically hold fewer than 45 issuers, and is designed to enable the manager to capitalize on less liquid opportunities that oftentimes offer a yield premium relative to more liquid investments. Polen believes these factors create the potential to generate attractive risk-adjusted returns while enhancing diversification to a client’s overall portfolio.

"We are excited to introduce the Fund to a wider group of investors, providing them access to an investment strategy that has served as our ‘best ideas’ strategy since its inception in 2010," said Benjamin Santonelli, Portfolio Manager of the Fund at Polen Capital. “We utilize our high-conviction approach to construct a portfolio of carefully selected names that offer a liquidity premium relative to the broader leveraged credit markets. We believe that this process has proven successful, as reflected in the strategy’s long track record. By launching the interval fund, more investors can gain exposure to what we believe are the most promising opportunities in the space.”

With over 25 years of experience, Polen has an extensive history of investing in the leveraged credit markets. In particular, Polen’s in-depth research and expertise support the Fund's ability to identify compelling investment opportunities. Polen’s high-conviction approach is a core tenet of the Fund's investment philosophy, enabling its investment team to closely engage with management teams, actively anticipate financing needs, and identify attractive refinancing opportunities.

"The investment strategy utilized by the Fund has generated an attractive 13-year track record, without the use of leverage, which we believe will stand out in today’s marketplace," added David Breazzano, Head of the Credit Team at Polen Capital. “The Fund is purpose-built for long-term investors seeking diversification within credit, and offers access to a market that was once exclusive to institutional investors. We are pleased to offer this strategy to a wider audience as part of Polen’s continued effort to meet our clients’ demand for our credit offerings.”

About Polen Capital Management

Polen Capital Management is a global investment management firm advising approximately $64 billion in assets (as of June 30, 2023) and providing growth and income investment strategies to a wide range of institutional and individual clients around the world. Since 1989, Polen Capital has been committed to attracting, developing, and retaining exceptional professionals who are aligned with the firm’s mission of preserving and growing clients' assets to protect their present and enable their future. Polen Capital has four autonomous investment teams, including the Large Company Growth Team, Small Company Growth Team, High Yield Team, and Emerging Markets Growth Team, with offices in Boca Raton, Fla., Boston, London, and Hong Kong. The firm has been recognized by Pensions & Investments as one of the industry's "Best Places to Work" for each of the past seven consecutive years.

For more information, visit www.polencapital.com or follow us on LinkedIn and Twitter at @PolenCapital.

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