Search British Business Investments
Popular Search placeholder

British Business Investments announces a £50m private credit co-investment vehicle with DunPort Capital Management

Press release 07 May 2024

British Business Investments today announces a £50m commitment with DunPort Capital Management (“DunPort”), to create a co-investment vehicle, Alder Corporate Credit DAC (“Alder”).

British Business Investments, a wholly owned commercial subsidiary of the British Business Bank, aims to improve access to alternative finance for smaller businesses across the UK, while supporting the transition to a net zero economy. Since it was established in 2014, British Business Investments has committed more than £3.8 billion to providers of finance to UK smaller businesses.

The investment vehicle will provide smaller businesses with a turnover of less than £100m with flexible debt capital solutions, that are wholly or predominantly based, headquartered, or operating in the UK. British Business Investments Ltd, a wholly owned commercial subsidiary of the British Business Bank, aims to improve access to alternative finance for smaller businesses across the whole of the UK, while supporting the UK’s transition to a net zero economy. Since it was established in 2014, British Business Investments has committed more than £3.8 billion to providers of finance to UK smaller businesses.

The Alder vehicle will co-invest alongside Oak Corporate Credit DAC, launched in 2021 and backed by the Ireland Strategic Investment Fund, the European Investment Fund and a number of other institutional investors to support smaller firms.

At British Business Investments, our mission is to improve access to alternative finance for smaller businesses across the whole of the UK. This £50m commitment to DunPort will support UK businesses with the flexible debt solutions they require to develop their growth strategies. We are delighted to partner with DunPort. Adam Kelly Managing Director at British Business Investments
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 generally for flexible debt solutions The launch of Alder now increases our capacity to support small and medium sized companies across the UK. Furthermore, the addition of British Business Investments to our investor base is an important validation for DunPort as we continue to enhance our position as a leading alternative debt capital provider in the UK and our other core markets of Ireland and the Benelux region. Pat Walsh Executive Director, DunPort

Further information

Notes to editors

About British Business Investments

British Business Investments Ltd is a wholly owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank. British Business Investments aims to earn a commercial return by investing – through finance providers – in smaller businesses and small mid-caps, pursuing investments on a fully commercial basis without receiving any economic advantage from the government. Find out more at bbinv.co.uk.

The Bank and its subsidiary entities are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website.

The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc or its subsidiaries or any other party in respect of DunPort Capital Management DAC or its products or services.

About DunPort

DunPort Capital Management DAC (“DunPort”) is a leading Irish asset management company focused on the private debt asset class. Founded in 2017, DunPort provides flexible debt and hybrid capital solutions for SMEs and mid-sized corporates across Ireland, the UK and the Benelux region. With an experienced investment team of 19 professionals based in Dublin and London, DunPort has, in recent years, invested heavily in its platform to support its existing investor base and to facilitate the current and future fundraising efforts. 

Further details can be found at dunportcapital.ie

Quick links

Latest news