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Pollen Street Group
British investment business From Wikipedia, the free encyclopedia
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Pollen Street Group Limited is a British private investment business focussed on alternative investments in the financial and business services sectors. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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History
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Pollen Street Capital Holdings was founded by Lindsey McMurray and her team as an alternative investment manager spun out from Royal Bank of Scotland in 2013.[2] It was the manager of Pollen Street Secured Lending under it was acquired by Waterfall Asset Management in March 2021.[3] In February 2022, the company announced the launch of its fifth mid-market private equity fund with a cash requirement of c. £1 billion.[4]
In September 2022, Pollen Street Capital Holdings was acquired by a listed vehicle, Honeycomb Investment Trust.[5][6] Pollen Street Capital Holdings had been the manager of Honeycomb Investment Trust and the transaction enabled Pollen Street Capital Holdings to secure a listing on the London Stock Exchange. It also enabled Pollen Street Capital Holdings to use its extensive pipeline of loans to expand the investment trust.[7][8] Honeycomb Investment Trust changed its name to Pollen Street in October 2022.[9]
In January 2024, Pollen Street changed its listing category from that of an investment trust to that of a commercial business and renamed itself Pollen Street Group.[10][11] Then, in March 2024, Pollen Street Group acquired the financial advisory firm, Mattioli Woods, for £432 million.[12]
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Operations
The company had £4.2 billion of assets under management as at 31 December 2023.[1]
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