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Berkshire Global Advisors acted as financial advisor to DDJ Capital Management
  • has been acquired by
  • Berkshire Global Advisors acted as financial advisor to DDJ Capital Management

  • Date: December 2021
  • Sector: Investment Management | Private Markets – Private Equity / Credit
  • Sub-Sector: Fixed Income, Credit
  • Region: North America
  • Seller AUM: $8.2 Billion
  • Seller Details:
    DDJ is a privately-held investment manager that specializes in investments within the leveraged credit markets, including high yield bonds, syndicated bank loans, private credit and other special situations. Since its inception in 1996, DDJ has sought to generate attractive risk-adjusted returns for its clients by adhering to a value-oriented, bottom-up, fundamental investment philosophy. DDJ believes that its disciplined investment approach and exhaustive research process positions the firm to deliver attractive, risk-adjusted returns to its clients throughout various market cycles. DDJ’s investment professionals bring a substantial breadth of experience in portfolio management, research analysis, legal analysis, and trading. As of November 30, 2021, DDJ managed over $8.2 billion in assets on behalf of corporate pension and public retirement funds, mutual fund sponsors, insurance companies, and other institutional investors located in North America and Europe.

    Buyer Details:
    Polen Capital Management is a global investment management firm advising $80 billion in assets and providing high value investment strategies to a wide range of institutional and individual clients around the world. Since 1989, the firm has been committed to attracting, developing, and retaining exceptional professionals who are aligned with our mission of preserving and growing our clients’ assets to protect their present and enable their future. Polen Capital currently has three autonomous investment teams that oversee a global equities universe of high-quality growth companies: the Boca Raton, Fla.-based Large Company Growth team, Boston-based Small Company Growth team, and London-based Emerging Markets Growth team. The firm has been recognized by Pensions & Investments as one of the industry’s “Best Places to Work” every year for the past five years.

    Transaction Summary:
    The acquisition marks Polen’s expansion into the high yield market and furthers Polen’s objective of delivering superior active returns to preserve and grow clients’ assets with offerings that meet the increased demand for sustainable income.

    Leveraging the Polen Capital platform, the DDJ investment team will become Polen’s fourth autonomous investment team maintaining ownership over its investment process and approach. David Breazzano, president and chief investment officer of DDJ, will oversee the high yield investment team and will join Polen’s Operating Committee.