Pollen Street Capital has raised £2.5bn for its fourth private credit fund at final close, surpassing its original target.
The UK-based alternative asset manager, which manages €8bn (£6.9bn) in assets, said that Private Credit Fund IV received commitments from investors including blue-chip public and corporate pension plans, insurance companies, sovereign wealth funds, private banks, foundations and family offices.
The fund focuses on asset-based lending to mid-market companies across Europe, providing bespoke financing, the manager said.
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“The successful close of Credit Fund IV is a milestone we are very proud of, and one that reflects the enduring confidence of our established investor partners alongside the warm welcome we have received from a growing cohort of new global institutions,” said Matthew Potter, head of credit at Pollen Street Capital. “The demand we have seen is a direct result of the resilience and consistency of our asset-backed lending strategy, providing bespoke senior secured financing to mid-market companies across Europe, backed by diversified tangible assets and structured to deliver strong downside protection through the cycle.”
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The fund has been investing to date, with £1.7bn of facility commitments across more than 30 borrowers, Pollen Street said.
The news comes as Pollen Street reported sustained fundraising momentum across private credit and private equity in 2025, with total assets under management reaching £7.1bn.
