Pollen Street Group
 | |
| Company type | Public |
|---|---|
| LSE: POLN | |
| Industry | Financial services |
| Founded | 2013 |
| Headquarters | London, England |
Key people | Robert Sharpe (Chairman) Lindsey McMurray (CEO) |
| Revenue |  £62.8 million (2023)[1] |
| £38.9 million (2023)[1] | |
| £40.4 million (2023)[1] | |
| Website | ir |
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.
History
[edit]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]
Operations
[edit]The company had £4.2 billion of assets under management as at 31 December 2023.[1]
References
[edit]- ^ a b c d "Annual Report 2023" (PDF). Pollen Street Group. Retrieved 14 January 2025.
- ^ "Pollen Street reaches long awaited financial close on fund III". Private Equity International. 14 February 2018. Retrieved 14 January 2025.
- ^ "Timetable revealed for Waterfall acquisition of Alternative Credit Investments". P2P Finance News. 25 November 2020. Retrieved 29 April 2021.
- ^ "Pollen Street listing reveals deeper push into credit". Private Equity International. 16 February 2022. Retrieved 14 January 2025.
- ^ "Honeycomb completes acquisition of Pollen Street Capital". Alternative Credit Investor. 30 September 2022. Retrieved 14 January 2025.
- ^ "£340m Honeycomb trust merges away after failing to shake off Woodford discount". Portfolio Advisor. 15 February 2022. Retrieved 14 January 2025.
- ^ "An unwelcome merger deal for the Honeycomb Investment Trust". Money Week. 14 March 2022. Retrieved 14 January 2025.
- ^ "Sweet deal for Pollen Street as 'alt' manager to float through Honeycomb merger". CityWire. 15 February 2022. Retrieved 14 January 2025.
- ^ "Honeycomb Investment Trust changes name to Pollen Street PLC". Proactive Investors. 7 October 2022. Retrieved 14 January 2025.
- ^ "Former Honeycomb trust set to leave sector by Q1 2024". CityWire. 19 September 2023. Retrieved 14 January 2025.
- ^ "Pollen Street eyes exit from investment trust sector". Investment Week. 19 September 2023. Retrieved 14 January 2025.
- ^ "Ex-Honeycomb manager Pollen buys Mattioli Woods for £432m". The Association of Investment Companies. 8 March 2024. Retrieved 14 January 2025.