Colesco Capital (Colesco), a sustainability-led private credit specialist, has taken over the management of an Article 9 impact credit fund that finances the scaling of circular businesses supporting the climate transition. Colesco has agreed with Polestar Capital and its investors to take over management of the Polestar Capital Circular Debt Fund (PCDF) which focuses on financing the transition towards a more circular economy.
The fund has been renamed the Colesco Circular & Climate Credit Impact Fund or C⁴IF, effective 1 January 2026. Its investment mandate comprises companies targeting measurable outcomes across environmental and circular economy themes with the aim of materially advancing the climate transition and supporting investors in pursuing additional impact through private credit.
The entire investment team will transfer to Colesco, maintaining continuity in the execution of the strategy.
Colesco believes the fund expands its ability to offer a diversified range of solutions designed to support impact goals across different risk/return profiles and themes, responding to growing investor demand for strategies that combine strong financial performance with measurable impact. It says the fund also supports companies operating in the circular economy by providing the capital needed to facilitate the scaling of circular and climate technologies, offering a tangible solution to bridge the existing funding gap.
As of 1 January 2026, Colesco will oversee in excess of €1bn in capital commitments across its platform.
