Finance
Polus Taps ADIA in $1 Billion Raise for Credit Strategy
The firm invests on behalf of institutional investors, including pension funds, insurance companies, endowments, foundations, sovereign wealth funds and family offices.
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Polus Capital Management has raised $1 billion for its special situations strategy, with a significant commitment coming from Abu Dhabi Investment Authority, according to a person familiar with the matter.
The fundraising increases the assets of Polus’ special situations strategy, which focuses on secondary investments in bonds and loans as part of opportunistic, stressed or distressed situations, to about $5 billion, according to a statement on Wednesday.