DunPort Capital Management
DunPort Capital Management is a Dublin-based private credit manager providing flexible, bespoke debt capital (€2m–€35m+) to lower mid-market companies across Ireland, the UK, Benelux, and expanding into DACH and Nordics, via multiple institutional-backed lending funds.
- Company typePrivate
- Founded2017
- HeadquartersDublin, Ireland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What DunPort Capital Management does
DunPort Capital Management DAC is a Dublin-headquartered private credit manager founded in 2017 by Pat Walsh and Ross Morrow as a spinout from BlueBay Asset Management's Irish operations. The firm provides flexible, bespoke debt capital to lower mid-market companies (revenues above €5m, debt tickets above €2m) across Ireland, the UK, and Benelux, with stated expansion into DACH and Nordic regions. Its financing capabilities span the capital structure including unitranche, senior/stretch senior loans, subordinated/junior capital, holdco financing, and structured/preferred equity, applied to leveraged buyouts, refinancings, recapitalisations, and growth capital scenarios.
The firm operates a fund-management platform comprising five active vehicles: Elm Corporate Credit DAC (€283m), Oak Corporate Credit DAC (€255m, expanded to €335m), Birch Corporate Credit Fund (€50m), Alder Corporate Credit DAC (British Business Bank-backed co-investment vehicle, £90m commitment), and Willow Corporate Credit DAC (targeting up to €1bn). Total AUM is €800m+ with over €1.5bn deployed to 81 borrowers and zero principal losses claimed. Revenue derives from recurring management fees on institutional LP capital and transaction-level interest and arrangement fees; the firm is owned by its founders with Vertis Capital Partners holding a minority stake following a May 2025 strategic partnership intended to accelerate European fundraising and insurance capital channeling.
DunPort Capital Management firmographics
Firmographics- Name
- DunPort Capital Management
- Legal name
- Dunport Capital Management DAC
- Website
- https://dunportcapital.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DunPort Capital Management is a Dublin-based private credit manager providing flexible, bespoke debt capital (€2m–€35m+) to lower mid-market companies across Ireland, the UK, Benelux, and expanding into DACH and Nordics, via multiple institutional-backed lending funds.
- Ownership category
- akta.pro rank
DunPort Capital Management industry classification
Industry- Product category
- Private Credit / Direct Lending Asset Management
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Middle-Market Lending (FSANADAI)
- akta.pro secondary industry
- Private Credit / Direct Lending (FSAAAHAG)
Keywords
Where DunPort Capital Management is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices3 records
Markets served
DunPort Capital Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Direct Lending: Provides flexible debt capital to Irish, UK and Benelux-based businesses for growth, acquisition or refinancing purposes through direct lending funds. Generates returns through interest income and fees on loan facilities.
- Fund Management Fees: Manages multiple credit funds including Elm Corporate Credit DAC (€283m), Oak Corporate Credit DAC (€335m), Willow Corporate Credit DAC (up to €1bn target), Birch Corporate Credit Fund (€50m), and Alder Corporate Credit DAC (co-investment vehicle). Earns management fees from institutional investors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Bespoke financing solutions |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
DunPort Capital Management product offering
Product offeringCore offering
DunPort Capital Management is a Dublin-based private credit asset manager that originates and structures flexible debt financing for European lower mid-market companies through multiple institutional investor-backed direct lending funds. Its offerings include unitranche, senior and stretch senior loans, subordinated/junior capital, holdco PIK financing, structured preferred equity, and country-specific bespoke mandates, with typical loan sizes of €2m–€35m+ (target €10m–€12m).
Product overview
DunPort Capital Management is a Dublin-based private credit manager offering flexible credit solutions to the European lower mid-market. The firm operates multiple specialized lending vehicles (Elm, Oak, Willow, Birch, Alder Corporate Credit DACs) that provide debt capital for growth, acquisitions, and refinancing. Their financing capabilities span the capital structure including unitranche, senior loans, subordinated capital, holdco financing, and structured equity. The firm targets companies with revenues above €5m requiring debt financing over €2m, focused on Ireland, UK, and Benelux with expansion into DACH/Nordics. DunPort serves SMEs and mid-sized corporates across sectors including healthcare, technology, hospitality, manufacturing, and renewable energy.
Differentiator
Problem solved
Functional benefit
Products and services
- Direct Lending Flexible debt capital provided to Irish, UK and Western European businesses for growth, acquisition or refinancing purposes, deployed through DunPort's direct lending funds. Targeted at companies with revenues above €5m requiring debt financing of more than €2m, with typical loan sizes of €10m-€12m and structures spanning unitranche, senior, subordinated, holdco and preferred equity.
- Bespoke Solutions Country-specific mandates and tailored strategy mandates for institutional investors, allowing customisation of credit strategies to investor requirements within DunPort's lower mid-market focus.
- Elm Corporate Credit DAC €283m DunPort-managed direct lending vehicle launched in 2018, the firm's first credit fund providing flexible debt capital to SMEs and mid-sized corporates. Successor to this vehicle was Oak Corporate Credit DAC.
- Recovery and Growth Fund €50m Recovery and Growth Fund backed by the Ireland Strategic Investment Fund (ISIF) providing flexible debt and hybrid capital (including convertible loan notes and preferred equity) to Irish SMEs impacted by Covid-19 with turnovers of €5m-€50m and funding needs of €3m-€15m.
- Oak Corporate Credit DAC €255m (later expanded to €335m) SME focused direct lending fund that succeeded Elm Corporate Credit DAC, targeting tailored debt capital to lower mid-market companies with earnings between €1m and €10m in Ireland and the UK, backed by ISIF and other domestic institutional investors.
- Birch Corporate Credit Fund €50m DunPort-managed lending vehicle providing flexible long-term hybrid capital solutions to borrowers.
- Willow Corporate Credit DAC DunPort's fourth private credit fund targeting up to €1bn to expand the lending platform across selected European jurisdictions including Benelux, DACH and Nordic regions, with a €200m cornerstone commitment from existing investors.
- Alder Corporate Credit DAC Co-investment vehicle managed by DunPort providing tailored debt capital to UK lower mid-market companies with turnover under £100m, supported by a £90m British Business Bank commitment and co-investing alongside Oak and Willow Corporate Credit DACs.
Quantifiable outcome
- Zero principal losses to date across portfolio
- +1 more outcomes
Companies that use DunPort Capital Management
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
DunPort Capital Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DunPort Capital Management partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- United Nations Principles for Responsible Investment (UNPRI)minorDunPort is a UNPRI signatory, demonstrating commitment to responsible investment practices and ESG integration.
- Task Force on Climate-Related Financial Disclosures (TCFD)minorDunPort is a public supporter of TCFD and the Paris Agreement, implementing climate-related financial disclosures.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
DunPort Capital Management competitors and assessment
Company assessmentDirect peers
- Muzinich & Co: US-headquartered but Europe-focused private credit and direct lending manager with material European mid-market book across unitranche and bespoke credit — directly comparable to DunPort's lower mid-market strategy and pan-European LP base.
- Hayfin Capital Management: European private credit manager providing direct lending and bespoke capital solutions to mid-market companies — directly comparable to DunPort in product mix, target sponsor and corporate borrower base across Western Europe.
- Kartesia: European lower mid-market direct lending manager known for unitranche and growth capital to SMEs in Benelux, France, Germany and beyond — closely aligned with DunPort's lower mid-market focus and flexible direct lending product suite.
- Bridgepoint Credit: European private credit arm of Bridgepoint, focused on mid-market direct lending across Western Europe — closely aligned with DunPort's sponsor and corporate lower mid-market mandate.
- Tikehau Capital: Listed European alternative asset manager with a sizeable direct lending/private credit franchise serving European mid-market companies — directly comparable in product offering, sponsor relationships and multi-fund platform.
- MV Credit: Pan-European mid-market direct lending platform serving European SMEs and mid-corporates with unitranche and bespoke credit — directly comparable in geography, product set and target borrower size.
- Pemberton Asset Management: European mid-market direct lending specialist with similar unitranche/flexible credit offerings to UK and European SMEs and mid-corporates — comparable mandate, geography overlap (UK and Western Europe) and target borrower profile.
- Capza: Independent European private investment firm (formerly known for mid-market direct lending activities) serving mid-cap European companies — comparable European mid-market direct lending and sponsor finance focus.
Broad incumbents
- Intermediate Capital Group (ICG): Large publicly listed European alternative manager with a broad European direct lending and private credit franchise serving mid-market and large-cap — broader portfolio than DunPort but overlapping in mid-market European direct lending.
- Allianz Global Investors — Private Debt: Large incumbent global asset manager with a significant European private debt/direct lending franchise — broader and deeper product breadth than DunPort but overlapping mid-market European direct lending activity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
DunPort Capital Management social profiles
Digital presenceDunPort Capital Management compliance and trust
Trust signalCompliance4 records
DunPort Capital Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
DunPort Capital Management leadership team
Management profileNumber of profiles
Profiles10 records
DunPort Capital Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DunPort Capital Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DunPort Capital Management
What does DunPort Capital Management do?
DunPort Capital Management is a Dublin-based private credit asset manager that originates and structures flexible debt financing for European lower mid-market companies through multiple institutional investor-backed direct lending funds. Its offerings include unitranche, senior and stretch senior loans, subordinated/junior capital, holdco PIK financing, structured preferred equity, and country-specific bespoke mandates, with typical loan sizes of €2m–€35m+ (target €10m–€12m).
Is DunPort Capital Management a public or private company?
DunPort Capital Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was DunPort Capital Management founded?
DunPort Capital Management was founded in 2017. It employs 11 to 50 people.
Where is DunPort Capital Management based?
DunPort Capital Management is headquartered in Dublin, Ireland, in the Europe region.
How does DunPort Capital Management make money?
Two revenue lines are on record. Direct Lending is the primary driver. The others are fund Management Fees.
Who are DunPort Capital Management's main competitors?
Direct peers on record are Muzinich & Co, Hayfin Capital Management, Kartesia, Bridgepoint Credit, Tikehau Capital, MV Credit, Pemberton Asset Management and Capza. Broad incumbents are Intermediate Capital Group (ICG) and Allianz Global Investors — Private Debt.
Does DunPort Capital Management have an API?
No public API is recorded for DunPort Capital Management.
What industry is DunPort Capital Management in?
DunPort Capital Management's product category is Private Credit / Direct Lending Asset Management. Its primary akta.pro industry code is FSANADAI, Middle-Market Lending, with a secondary code of FSAAAHAG, Private Credit / Direct Lending. Its NAICS code is 525 and its SIC code is 6159.