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Alternative Market Briefing

Polen Capital acquires $8.2bn boutique high yield manager DDJ Capital Management

Thursday, December 09, 2021

Laxman Pai, Opalesque Asia:

Polen Capital Management, a global investment management firm, entered into a purchase agreement to acquire 100% of the equity of DDJ Capital Management, a boutique high yield, bank loan, private credit, and special situations manager.

The terms of the deal were not disclosed. The acquisition marks Polen's expansion into the high yield market and furthers Polen's objective of delivering superior active returns to preserve and grow clients' assets with offerings that meet the increased demand for sustainable income.

DDJ manages more than $8.2 billion in high yield, bank loans, private credit, and leveraged loan assets. Polen Capital manages more than $80 billion in growth equity strategies.

Leveraging the Polen Capital platform, the DDJ investment team will become Polen's fourth autonomous investment team maintaining ownership over its investment process and approach.

Stan Moss, CEO of Polen Capital said: "The acquisition of DDJ follows a thoughtful and deliberate process to evaluate distinctive high value-added capabilities that will meet client demand for income. Polen and DDJ are extremely complementary, share core investment beliefs, and have compatible cultures that will contribute to a stronger, more durable, and more sustainable firm."

"Our team at DDJ is thrilled to join Polen Capital, a firm which shares our core mission and fundamental values," said David Breazzano, president, and chief investment officer of DDJ. "This t......................

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