{ "crd_number": 108468, "slug": "polen-capital-credit-llc-waltham-ma-108468", "primary_business_name": "POLEN CAPITAL CREDIT, LLC", "legal_name": "POLEN CAPITAL CREDIT, LLC", "dbas": [], "city": "Waltham", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1997-11-03", "years_registered": 28, "period": "2026-10-01", "filing_date": "2026-05-04", "carried_forward": false, "raum_total": 6129466812.0, "raum_discretionary": 6129466812.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 46, "advisory_employees": 28, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 401891098.0, "count": 3, "fewer_than_5": true }, "individuals": { "raum": 0.0, "count": 0 }, "banking_thrift": { "raum": 0.0, "count": 0 }, "state_municipal": { "raum": 1335393426.0, "count": 6 }, "insurance_companies": { "raum": 0.0, "count": 0 }, "investment_companies": { "raum": 919755918.0, "count": 9 }, "pension_profit_sharing": { "raum": 1769623402.0, "count": 8 }, "other_investment_advisers": { "raum": 317949594.0, "count": 2, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 0.0, "count": 0 }, "pooled_investment_vehicles": { "raum": 1221777068.0, "count": 14 }, "corporations_other_businesses": { "raum": 0.0, "count": 1, "fewer_than_5": true }, "business_development_companies": { "raum": 0.0, "count": 0 }, "sovereign_wealth_foreign_official": { "raum": 163076306.0, "count": 1, "fewer_than_5": true } }, "compensation_types": [ "fixed", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "DE", "MA" ], "websites": [ "https://glassdoor.com/Overview/Working-at-Polen-Capital-EI_IE3242095.11,24.htm", "https://linkedin.com/COMPANY/polen-capital-management", "https://polencapital.com", "https://vimeo.com/POLENCAPITAL", "https://youtube.com/channel/UCi9uXI1OPFDCXPNeALVJEoA" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108468", "city_as_filed": "WALTHAM", "url": "https://advisorcensus.com/firm/polen-capital-credit-llc-waltham-ma-108468", "display_name": "Polen Capital Credit, LLC", "summary": "Polen Capital Credit, LLC is an SEC-registered investment advisory firm in Waltham, MA, registered since 1997, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 4, 2026.", "citation": "AdvisorCensus. Polen Capital Credit, LLC (CRD 108468): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Polen Capital Credit, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Polen Capital Credit, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Polen Capital Credit, LLC located?", "a": "Polen Capital Credit, LLC's principal office is in Waltham, MA, according to its Form ADV; the June 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is Polen Capital Credit, LLC registered with the SEC or a state?", "a": "Polen Capital Credit, LLC is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 108468." }, { "q": "How much does Polen Capital Credit, LLC manage?", "a": "Polen Capital Credit, LLC reports $6,129,466,812 in regulatory assets under management in its Form ADV filing dated May 4, 2026 (100% discretionary)." }, { "q": "How have Polen Capital Credit, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Polen Capital Credit, LLC: Regulatory assets under management: $7,996,237,207 in the October 2021 data and $6,129,466,812 in the October 2026 data, down 23%. Total employees: 52 in October 2021 and 46 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Polen Capital Credit, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (14); investment companies (9); pension and profit sharing plans (but not the plan participants or government pension plans) (8)." }, { "q": "Which custodians does Polen Capital Credit, LLC use?", "a": "Polen Capital Credit, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon, Northern Trust Company and State Street Bank & Trust Company as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Polen Capital Credit, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108468" }, { "q": "What changed in Polen Capital Credit, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 23 to 28. Regulatory assets under management went from $7,385,184,575 to $6,129,466,812 (-17%). Added an office in London." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 7996237207.0, "total_employees": 52, "filing_date": "2021-03-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": 8324319966.0, "total_employees": 47, "filing_date": "2022-03-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 6868442356.0, "total_employees": 43, "filing_date": "2023-07-06" }, { "period": "2024-10-01", "regulatory_assets_under_management": 7442603913.0, "total_employees": 52, "filing_date": "2024-04-30" }, { "period": "2025-10-01", "regulatory_assets_under_management": 7385184575.0, "total_employees": 48, "filing_date": "2025-05-06" }, { "period": "2026-10-01", "regulatory_assets_under_management": 6129466812.0, "total_employees": 46, "filing_date": "2026-05-04" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 23 to 28.", "Regulatory assets under management went from $7,385,184,575 to $6,129,466,812 (-17%).", "Added an office in London." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Bank of New York Mellon", "name_as_filed": "BANK OF NEW YORK MELLON", "affiliated": false }, { "name": "Northern Trust Company", "name_as_filed": "NORTHERN TRUST COMPANY", "affiliated": false }, { "name": "State Street Bank & Trust Company", "name_as_filed": "STATE STREET BANK & TRUST COMPANY", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/polen-capital-credit-llc-waltham-ma-108468.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 9, "fewer_than_5": false, "raum": 919755918.0 }, { "type": "business_development_companies", "label": "Business development companies", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 14, "fewer_than_5": false, "raum": 1221777068.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 8, "fewer_than_5": false, "raum": 1769623402.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 3, "fewer_than_5": true, "raum": 401891098.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 6, "fewer_than_5": false, "raum": 1335393426.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 2, "fewer_than_5": true, "raum": 317949594.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 1, "fewer_than_5": true, "raum": 163076306.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 1, "fewer_than_5": true, "raum": 0.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108468", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }