HoneyComb: The firm, which is the investment manager of Honeycomb, has seen a tense few weeks following a takeover bid of one of its other investment mandates.

Tensions within the listed-direct lending fund world have risen of late following accusations of poor governance by Pollen Street Capital, the manager of the HoneyComb and Pollen Street Secured Lending investment trusts, by the board of the latter fund. The chairman of the former, Robert Sharpe, meanwhile was waded in by publishing a defence of Pollen Street and the fund’s “extremely positive relationship” with the asset manager.