
Expertise & Collaboration
Our experienced credit specialists take a collaborative approach to investment strategy and security selection, focusing on fundamental research and discerning analysis.
Location: Waltham, MA & London, UK
Head of Team: David Breazzano, Head of Team, Portfolio Manager
Our Investment Philosophy
Exploit Structural Inefficiencies & Mispriced Risk
Maintain Flexibility to Uncover Relative Value Opportunities
Perform Fundamental Analysis & Extensive Due Diligence
Execute Long Holding/Compounding Periods
Meet the Team

Our Strategic Approach
Leveraged Credit Approach
We strive to generate attractive risk-adjusted returns by employing a disciplined, bottom-up investment process with strict adherence to downside protection. Through rigorous due diligence with an emphasis on preserving a margin of safety, we believe that we can construct concentrated portfolios that can outperform broad high yield indices over a full credit cycle.
Investment Process
Featured Capabilities
Collateralized Loan Obligations (CLOs)
A Distinct Capability Founded On a Rich History
With over 25 years of experience investing in high yield markets and private credit, Polen Capital extends its capabilities to Collateralized Loan Obligations (CLOs). With this capability, we seek to offer a specialized solution built on decades of expertise and a steadfast commitment to managing downside risk. Led by CLO-industry veterans with a distinguished track record, we craft income solutions designed to offer durable and compelling returns.
European High Yield
A Focus on Generating Consistent, Risk-Adjusted Returns
Why European High Yield (EHY)?
We believe the European high yield market has evolved from niche to noteworthy, demonstrating resilience through various economic conditions and market shocks. Its growth to become a broad, liquid opportunity set for active managers reflects a maturing of European capital markets, supported by regulatory changes and shifting corporate funding dynamics.
A Focus on Generating Consistent, Risk-Adjusted Returns
Our approach blends bottom-up insights with a macro lens.
- Competitive moat
- Growth prospects
- Cash flow generation
- Balance sheets
- Capital structure
- Covenants/legal risks
- Stakeholder incentives
- Absolute and relative
- Capital upside potential
- Income yield
- Market technicals
- Confidence in the business
- View of management
- View of sponsor
- Margin for error
- Credit / default cycle
- Absolute asset class valuations
- Compensation for incremental risk (Sector, Beta, Credit)
- Geopolitical Risk
- Inflation & interest rate risk
We believe non-investment grade, middle-market companies exist in an inefficient area of the market, providing us with a source of attractive investment opportunities.
An Experienced, Research-Driven Team
Recent Perspectives
Thought CapitalPeriods of increased volatility often present significant opportunities for disciplined, active managers. Image![]()
Polen Capital Credit, LLC, a wholly-owned subsidiary of Polen Capital Management, LLC, is an investment adviser registered with the SEC. Please find Polen Capital Credit, LLC ‘s Form ADV linked here.
The information is provided for illustrative purposes only. Opinions and views expressed constitute the judgment of Polen Capital as of the period indicated, may involve a number of assumptions and estimates which are not guaranteed and are subject to change without update. Although the information and any opinions or views given have been obtained from or based on sources believed to be reliable, no warranty or representation is made as to their correctness, completeness, or accuracy. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without update, including any forward-looking estimates or statements which are based on certain expectations and assumptions. The views and strategies described may not be suitable for all clients. This information does not identify all the risks (direct or indirect) or other considerations which might be material to you when entering any financial transaction.
Past performance does not guarantee future results and profitable results cannot be guaranteed.