Sustainable private credit firm Colesco Capital has taken over the management of an impact credit fund from Polestar Capital.
Colesco has agreed with Polestar Capital and its investors to manage the Polestar Capital Circular Debt fund, which has been renamed the Colesco Circular and Climate Credit Impact fund (C⁴IF), effective 1 January 2026.
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The Article 9 fund will continue its strategy to invest in companies targeting measurable outcomes across environmental and circular economy themes, with the aim to advance the climate transition and pursue “additional impact through private credit”.
The entire investment team will transfer to Colesco, which the firm said will ensure “uninterrupted management, greater scale, a strengthened origination network and access to Colesco’s extensive resources”.
It is part of Colesco’s long-term growth strategy to broaden access to sustainable investments and create a multi-credit strategy platform.
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Colesco will oversee more than €1bn (£879.2m) in capital commitments across its platform, as of 1 January 2026.
“We took on the management of this strategy because it aligns closely with our long-term strategic growth objectives and brings complementary capabilities to our existing investment proposition, enabling us to offer a more diversified, resilient investment solution,” said Danny Vroegop, co-founder and chief executive of Colesco.
“The Colesco Circular and Climate Credit Impact Fund strengthens our ability to align capital with measurable sustainability outcomes while targeting strong financial returns. This marks a pivotal moment in our journey towards becoming a leading responsible investment manager and we plan to expand investor access and scale our presence in new markets and sectors.”
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