14 February 2018Pollen Street Capital announces the final close of PSC Fund III

Pollen Street Capital (“PSC”) is proud to announce the final closing of PSC Fund III, with commitments raised in excess of £400 million. PSC Fund III targets lower mid-market investments in European Financial Services businesses where there is opportunity to deliver transformational growth by leveraging PSC’s extensive experience and professional network across the financial services sector.

“Thanks to the support of our existing and new limited partners, we surpassed our target commitment figure of £350 million. PSC now looks forward to replicating its strong track record of delivering top-quartile returns to investors in PSC Fund III,” said Lindsey McMurray, Managing Partner of Pollen Street Capital.

“We are fortunate to have a high-quality set of investors and we very much appreciate their support in making this a successful fundraising. We are committed to earning their continued support by maintaining a focus on value creation,” said Magnus Christensson, Partner and Head of Fundraising & IR at Pollen Street Capital.

Pollen Street Capital continues to see a highly active pipeline in its target sector, with a number of opportunities in advanced stages.

PSC Fund III has so far committed 53% of funds across seven investments, including:
Shawbrook Bank - Specialist lending bank
Cashflows payment - Acquirer and issuer
1st Stop Group - Direct lending business
Capitalflow - SME and Real Estate lender in Ireland
Visionblue Solutions - Software provider
Miles Smith - Specialist insurance broking; and
Foreign Currency Direct - International payment provider

Background on the Manager
PSC is a fund manager, which is focused on investing in specialist businesses in the financial and business services sectors. PSC has invested over £1.8 billion in a range of businesses across all stages of development, such as Moneycorp (provider of international payment and retail travel money products), Shawbrook (challenger bank), and Arrow Global (debt purchaser and manager).

PSC brings together a unique combination of financial resources, hands-on approach and extensive experience to create an environment in which the growth of their portfolio companies can accelerate and deliver transformational growth.