DunPort plans €300m fund raise

DunPort Capital management, an Irish-based asset manager which spun-out from BlueBay Asset Management, is planning to launch a debt fund in early 2018. A spokesman for the firm confirmed reports that the firm is seeking to raise up to €300 million for the offering.

Reports in Ireland noted the asset manager’s intention to launch the fund and raise the aforementioned amount. The firm will typically look for SMEs and mid-market corporates with EBITDA above €10 million.

DunPort, which was spun out from BlueBay Asset Management, still has an arrangement managing money for BlueBay. The firm serves as an advisor to the BlueBay Ireland Corporate Credit I fund, a vehicle backed by the Irish Strategic Investment Fund. That fund has €450 million in assets under management. According to a statement on DunPort’s website, the firm has been involved in transactions representing €380 million for the BlueBay offering.

DunPort is being headed up by Pat Walsh and Ross Morrow, both previously managers on the BlueBay fund. They will continue in their role on the BlueBay offering, according to reports.