Private-credit & direct-lending funds

DunPort Capital Management

An Irish-headquartered direct lender with a ring-fenced UK vehicle, writing unitranche and junior facilities of roughly £3m to £15m to owner-managed and sponsor-backed borrowers.

What they do

DunPort lends across Ireland, the UK and Benelux from a family of funds, with UK deals written through a co-investment vehicle anchored by a £90m British Business Investments commitment. Facilities are senior secured or unitranche, with junior and holding-company capital available alongside, typically at total leverage up to around four times and from about £1m of EBITDA. The investment team of roughly twenty sits in Dublin, London and Amsterdam. UK deals through the vehicle have averaged under £5m.

Where they fit in a lower-mid-market raise

This fund lends to business owners and entrepreneurs as readily as to private-equity houses, which is stated rather than implied, and its sector list runs across manufacturing, healthcare, business services, media, consumer and renewables. For a £3–15m raise where the borrower wants one lender for senior and junior capital, and where a track record of no principal losses matters to a cautious board, it is a serious candidate.

Where they are not the fit

Property development and commercial property investment are excluded, as are cyclical businesses that do not convert earnings into cash. A requirement below roughly €2m of debt, or a company with revenues under €5m, is below the floor. The upper end of the range depends on cross-fund co-investment rather than a single committed ticket, so capacity at £15m should be confirmed.

Published terms

Pricing
Not published
Speed to terms
Not published
EBITDA floor
From about £1m
Leverage
Total to 4x
Sponsored or sponsorless
Both - explicitly lends to business owners, entrepreneurs AND private equity sponsors (named sponsors: Stillwater Equity, Lonsdale Capital Partners, Magnesium Capital)
Where they lend
Ireland, UK and Benelux core (expanding into DACH and Nordics); UK confirmed live via Alder co-invest vehicle and London office
How they decide
In-house an investment committee; ~19-20 person investment team across Dublin, London and Amsterdam

As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.

The desks that lend

DunPort Capital Management lends through 2 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether DunPort Capital Management lends, but which of these would own it.

Unitranche / senior secured direct lending

Facility
£3m to £15m
Security
Senior secured or all-asset (unitranche or senior)
Funds
Acquisition · Growth · MBO · Refinance
Rules out
Property development or commercial property investment; Cyclical or non-cash-generative businesses; Debt requirement below ~€2m or revenues below ~€5m

Junior / subordinated & holdco capital

Facility
£3m to £15m
Security
Subordinated or 2nd lien or mezzanine or holdco (cash-pay or PIK)
Funds
Acquisition · Growth · MBO · Refinance
Rules out
Property development or commercial property investment; Cyclical or non-cash-generative businesses

Limits that apply across the firm

Stated limits, taken from DunPort Capital Management’s own published criteria, beyond the ones each desk carries above. A limit is where a lender starts from, not where it always ends: several of these move on a strong enough credit.

  • No appetite in property development

How they sit against the category

  • Its published ceiling is £15m; 25 of the 46 private-credit funds here go at least as high.
  • Like 31 of the 46, it publishes no indicative price — a margin comes from a conversation, not a page.

Counted across the 46 private-credit & direct-lending funds in this directory, on what each one publishes. What a lender discloses and what it will do are different things.

Questions this page answers

How large a facility does DunPort Capital Management write?

Published facilities run £3m to £15m. It looks for EBITDA from about £1m. Published leverage runs total to 4x. A band is what a lender states it will do, not what it will do on a given credit.

Does DunPort Capital Management lend to companies without a private-equity sponsor?

Yes. DunPort Capital Management lends to owner-managed and sponsor-backed borrowers alike, so a company with no private-equity backer is not out of scope on that ground.

Where does DunPort Capital Management lend?

Ireland, UK and Benelux core (expanding into DACH and Nordics); UK confirmed live via Alder co-invest vehicle and London office.

What does DunPort Capital Management lend?

The published product set is unitranche / senior secured direct lending, junior / subordinated & holdco capital. Published sector focus is business services, consumer goods, healthcare, hospitality, manufacturing.

On the record

  • January 2025: Willow Corporate Credit DAC (Fund IV) first close €200m (target €500m, platform ambition up to €1bn); ISIF €100m cornerstone + EIF + Construction Workers' Pension Scheme; targets €1-10m EBITDA IE/UK/Benelux borrowers for buyouts, refis, recaps, acquisitions, growth (dunportcapital.com / ISIF.

Sources: british-business-bank.co.uk · theintermediary.co.uk · dunportcapital.com · ionanalytics.com

This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.