Key Takeaways
- • Polus has secured $600 million for its second special situations fund, according to Private Debt Investor.
- • The firm has almost fully invested its first special situations vehicle, which is the basis for its return to market.
- • The raise is reported as a fundraising milestone for a European distressed and special situations manager.
Summary
Polus has secured $600 million for its second special situations fund, according to Private Debt Investor, which reported the close via sources familiar with the process. The Europe-focused distressed and special situations manager is reported to have almost fully invested its first vehicle, prompting the launch of the follow-on fund.
The article, written by John Bakie, is based on sourcing rather than a formal announcement, and it does not disclose further details on the fund's final close structure, target strategy allocations, or investor composition. Readers should treat the $600 million figure as reported by sources until confirmed by the manager or a regulatory filing.
The raise reflects continued institutional appetite for special situations strategies in Europe, where managers are positioned to source opportunities in stressed and distressed credit and equity.
The article, written by John Bakie, is based on sourcing rather than a formal announcement, and it does not disclose further details on the fund's final close structure, target strategy allocations, or investor composition. Readers should treat the $600 million figure as reported by sources until confirmed by the manager or a regulatory filing.
The raise reflects continued institutional appetite for special situations strategies in Europe, where managers are positioned to source opportunities in stressed and distressed credit and equity.
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