DunPort Capital Management, the Dublin headquartered provider of flexible debt capital to Irish, UK and Benelux businesses, has recieved an increased commitment of £90m from British Business Bank.
The increased commitment has been issued to support debt funding to lower mid-market companies through co-investment vehicle, Alder Corporate Credit DAC.
This move represents a £40m uplift on the original fund amount, announced in May 2024.
Alder, managed by DunPort, provides tailored debt capital solutions to companies with a turnover of less than £100m that are wholly or predominantly based, headquartered, or operating in the UK.
Since April 2024, Alder has invested £24m across five portfolio companies.
The Alder vehicle co-invests alongside DunPort managed funds, Oak Corporate Credit DAC which was launched in 2021, and Willow Corporate Credit DAC which was launched in 2024.
DunPort investors include the Ireland Strategic Investment Fund, the European Investment Fund and a number of other institutional investors.
Pat Walsh, executive director of DunPort, said: “The UK is a strategic market for DunPort and one in which we are continuing to experience strong and sustained demand from a wide range of sponsors, advisors and business owners for flexible debt solutions.
“We are grateful for British Business Bank’s continued commitment increasing our capacity and enhancing our position as a leading alternative debt capital provider in the UK alongside our other core markets of Ireland and the Benelux region.”
Adam Kelly, managing director and co-head of funds, British Business Bank, said: “We are excited to continue our partnership with DunPort, bringing our total commitment to £90m.
“Following our earlier commitment to DunPort, this £40m uplift will enable further support for growing UK businesses, providing them with the flexible debt solutions they require to develop their growth strategies”
