Strategic Partnership to Enhance European Private Credit
Strategic Partnership Supports DunPort's Ongoing Fundraising and Growth Across Continental Europe
DunPort Capital Management, a prominent player in the private credit sector, and Vertis Capital Partners, an alternative investment firm based in the UK, are excited to announce a significant long-term partnership. This collaboration is set to strengthen both organizations as they work together to further their goals in the European private credit market.
The initial phase of this partnership sees Vertis taking a minority stake in DunPort, a move that reflects the firm’s confidence in DunPort's business model and growth potential. This investment sets the stage for a deeper collaboration, with the possibility for Vertis to increase its stake as various strategic milestones are met.
DunPort’s Growth and Fundraising Expansion
This partnership position DunPort as a premier lender to lower mid-market companies across Europe. Since its establishment, DunPort has successfully deployed over €1.3 billion across 68 borrowers, showcasing its robust track record and commitment to the mid-market credit space.
Currently, DunPort is in the process of raising funds for its fourth private credit fund, Willow Corporate Credit DAC, with a target of €1 billion. A significant cornerstone commitment of €200 million has already been secured from existing investors, indicating strong confidence in the fund’s vision and potential for growth.
Collaborative Fundraising Initiatives
The partnership will include a collaborative effort with Henry Costa Partners, a merchant bank specializing in tailored financing solutions. Together, DunPort and Vertis aim to channel capital from institutional investors, particularly insurance companies, into the real economy.
As part of this strategic alliance, influential industry figures will join DunPort to enhance its governance and strategic oversight. Dermot Browne, the former CEO of Aviva Ireland, will step onto DunPort's Board as an Independent Non-Executive Director. Ralf Ackermann, co-founder of Vertis, will join the Investment Committee, bringing his extensive experience in investment management.
Additionally, Henrik Matsen from Henry Costa Partners will also join DunPort's Board, strengthening its leadership as the firm embarks on this critical phase of growth.
Leadership Insights on the Partnership
Ralf Ackermann expressed, "DunPort has developed a remarkable franchise honed by disciplined credit selection with a focus on downside protection. Our investment mirrors Vertis' strategy to support high-quality platforms across Europe while enhancing their operational capabilities through institutional ties and expertise."
Pat Walsh from DunPort emphasized the exciting opportunities this partnership presents, noting that the combined experience of Vertis and Henry Costa will be crucial as they seek to expand their market presence and geographical reach.
His colleague Ross Morrow added that the collaboration positions DunPort perfectly to target larger, more complex transactions while maintaining their rigorous investment approach that has served them well in the past.
The specifics of the financial commitment associated with this partnership have not been publicly disclosed, but the potential for growth and innovation within the European private credit markets is significant.
About the Firms Involved
About Vertis Capital Partners
Vertis Capital Partners is an alternative investment firm based in London, focusing on private credit and asset-backed finance throughout Europe. The leadership team, composed of former executives from Apollo and Searchlight, is dedicated to building and scaling high-quality credit platforms while prioritizing downside protection.
About DunPort Capital Management
DunPort Capital Management is a Dublin-based private credit manager known for offering flexible financing solutions targeted at lower mid-market companies. Since its inception, DunPort has established a solid reputation for disciplined underwriting and effective portfolio management.
About Henry Costa Partners
Henry Costa Partners is an independent merchant bank that caters to clients across the insurance and banking sectors, focusing on long-term strategic advice and sustainable capital solutions. The firm prides itself on a culture of collaboration and trust, ensuring alignment of interests between client and advisor.
Frequently Asked Questions
What is the significance of the partnership between DunPort and Vertis?
The partnership aims to enhance DunPort's capabilities in the European private credit market by leveraging Vertis's institutional relationships and expertise.
What are the growth plans for DunPort Capital Management?
DunPort aims to raise up to €1 billion for its Willow Corporate Credit DAC fund to expand its lending platform across Europe.
Who are the key figures involved in this partnership?
Key figures include Pat Walsh and Ross Morrow from DunPort, and Ralf Ackermann from Vertis, along with Dermot Browne joining as an Independent Non-Executive Director.
How has DunPort performed in the private credit space?
Since its inception in 2017, DunPort has deployed over €1.3 billion to various borrowers, showcasing a strong track record in the industry.
What are Henry Costa Partners' main services?
Henry Costa Partners provides strategic advice and capital market solutions to insurers, banks, and investment managers, focusing on alignment of interests and long-term partnerships.
