Cairn Capital has rebranded as Polus Capital Management (Polus), following its strategic combination with specialist credit manager Bybrook Capital in 2021.
The rebranding reflects the coming together of two successful European credit managers to create a cohesive firm with a shared vision and unified goals of delivering best-in-class performance and client service to institutional investors.
Polus says investors are already benefitting from the valuable synergies and investment insights covering performing through to distressed, enabling the firm to be more relevant to institutional investors’ needs as they naturally evolve through the cycle. The firm’s underlying investment strategies, teams and governance structure remain unchanged.
Polus Capital Management currently manages approximately $9 billion in assets on behalf of institutional investors across the globe and has a team of over 30 investment professionals. The firm invests flexibly across the capital structure and liquidity spectrum, focusing on three complementary strategies: Leveraged Credit, Special Situations, and Structured Credit. Following the rebrand, Polus’ primary objective will remain to deliver strong risk-adjusted returns to its investors across each of these areas by remaining laser focused on its core competencies of deep fundamental credit analysis, active portfolio management, and robust risk management.
The rebrand follows an active period for Polus, during which David Kim was appointed as Head of US Leveraged Credit to build out a US CLO/Loan platform in the United States. Prior to Polus, David spent 16 years at Goldman Sachs in New York where, most recently, he managed their CLO management platform (Battery Park) and managed a $14 billion CLO tranche portfolio. The firm also recently announced the promotion of Loic Prevot to Head of European Leveraged Credit, overseeing the existing and well-established European CLO/Loan platform. David and Loic report to Andrew Burke, Polus’ Chief Investment Officer of Leveraged Credit.
