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Pollen Street Group

Pollen Street Group Limited
Company typePublic
LSE: POLN
IndustryFinancial services
Founded2013
HeadquartersLondon, England
Key people
Robert Sharpe (Chairman)
Lindsey McMurray (CEO)
RevenueIncrease £118.4 million (2024)[1]
Increase £58.2 million (2024)[1]
Increase £49.7 million (2024)[1]
Websiteir.pollenstreetgroup.com

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

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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

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The company had £4.2 billion of assets under management as at 31 December 2023.[1]

References

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  1. ^ a b c d "Annual Report 2024" (PDF). Pollen Street Group. Retrieved 26 March 2025.
  2. ^ "Pollen Street reaches long awaited financial close on fund III". Private Equity International. 14 February 2018. Retrieved 14 January 2025.
  3. ^ "Timetable revealed for Waterfall acquisition of Alternative Credit Investments". P2P Finance News. 25 November 2020. Retrieved 29 April 2021.
  4. ^ "Pollen Street listing reveals deeper push into credit". Private Equity International. 16 February 2022. Retrieved 14 January 2025.
  5. ^ "Honeycomb completes acquisition of Pollen Street Capital". Alternative Credit Investor. 30 September 2022. Retrieved 14 January 2025.
  6. ^ "£340m Honeycomb trust merges away after failing to shake off Woodford discount". Portfolio Advisor. 15 February 2022. Retrieved 14 January 2025.
  7. ^ "An unwelcome merger deal for the Honeycomb Investment Trust". Money Week. 14 March 2022. Retrieved 14 January 2025.
  8. ^ "Sweet deal for Pollen Street as 'alt' manager to float through Honeycomb merger". CityWire. 15 February 2022. Retrieved 14 January 2025.
  9. ^ "Honeycomb Investment Trust changes name to Pollen Street PLC". Proactive Investors. 7 October 2022. Retrieved 14 January 2025.
  10. ^ "Former Honeycomb trust set to leave sector by Q1 2024". CityWire. 19 September 2023. Retrieved 14 January 2025.
  11. ^ "Pollen Street eyes exit from investment trust sector". Investment Week. 19 September 2023. Retrieved 14 January 2025.
  12. ^ "Ex-Honeycomb manager Pollen buys Mattioli Woods for £432m". The Association of Investment Companies. 8 March 2024. Retrieved 14 January 2025.
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