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FUNDRAISING NEWS | January 21, 2025
Tags: Private Credit, Fundraising
Dublin-based DunPort Capital Management said January 17 it secured €200M (~$206.4M) in capital commitments at the first close of its fourth credit fund focused on small and medium enterprises.
The Irish alternative investment manager, which specializes in private debt strategies, is aiming to raise €500M (~$515.7M) at the final close of Willow Corporate Credit DAC. As of the initial closing, the fund secured capital commitments totaling €100M (~$103.1M) from the Ireland Strategic Investment Fund and other institutional investors such as the European Investment Fund and the Construction Workers' Pension Scheme.
Willow Corporate Credit intends to provide loans to established businesses earning between €1M (~$1M) and €10M (~$10.3M) particularly in the investment manager's core markets of Ireland and the UK as well as the Benelux, the economic union of Belgium, the Netherlands and Luxembourg.
The latest fundraising follows the firm's raising of €335M (~$345.5M) for Oak Corporate Credit DAC in 2021 and €283M (~$291.9M) for Elm Corporate Credit DAC in 2018. As of the end of 2024, DunPont had €790M (~$814.8M) in AUM.
Written By: Dakota
October 18, 2024
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