Credit firm DDJ sold to Polen Capital

DDJ Capital Management has been fully acquired by $80 billion Polen Capital in order to expand beyond its equity high-conviction growth portfolio focus.

Polen purchased 100% equity of $8.2 billion DDJ, which offers a range of private credit strategies including syndicated bank loans, special situations and leveraged loans. The transaction is expected to close before year-end.

The DDJ investment team, based in Waltham, Massachusetts, will become the 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 . . .

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