Cairn Capital rebrands as Polus

The new branding follows Cairn’s acquisition of distressed manager Bybrook Capital in 2021.

Cairn Capital has rebranded as Polus Capital Management following its merger with specialist distressed credit manager Bybrook Capital in 2021.

The new entity manages approximately $9 billion in assets on behalf of institutional investors and has a team of more than 30 professionals.

The firm said its new brand “reflects the coming together of two successful European credit managers to create a cohesive firm with a shared vision and unified goals of delivering best-in-class performance and client service to institutional investors.”

It added that investors were already benefitting from synergies between the two firms and that its ability to offer credit from performing through to distressed will enable it to be more relevant to their needs.

Polus Capital will offer three strategies covering leveraged credit, special situations and structured credit.

The firm has recently appointed David Kim as head of US leveraged credit to build out a CLO platform in North America and has promoted Loic Prevot to head of European leveraged credit to oversee its established CLO platform in Europe.

The firm is independently managed but remains an affiliate of Italian financial services group Mediobanca Asset Management.