British Business Investments and DunPort Capital Management Launch £50m Private Credit Co-Investment Vehicle for UK Businesses

British Business Investments and DunPort Capital Management have joined forces to launch a £50m private credit co-investment vehicle, Alder Corporate Credit DAC, aimed at providing smaller businesses in the UK with flexible debt capital solutions. This initiative is part of British Business Investments’ mission to improve access to alternative finance for smaller businesses across the country.

Alder Corporate Credit DAC will specifically target firms with a turnover of less than £100m that are either based, headquartered, or operating in the UK. The new vehicle will work alongside Oak Corporate Credit DAC, which was launched in 2021 and has already garnered support from various institutional investors to aid smaller firms.

Adam Kelly, managing director of British Business Investments, expressed his excitement about the partnership with DunPort, stating that the £50m commitment will help UK businesses access the necessary debt solutions to fuel their growth strategies. Pat Walsh, executive director of DunPort, highlighted the strong demand for flexible debt solutions in the UK market and emphasized the importance of British Business Investments’ involvement in validating DunPort’s position as a leading alternative debt capital provider.

With the launch of Alder Corporate Credit DAC, DunPort aims to further expand its capacity to support small and medium-sized companies across the UK. This collaboration signifies a significant step towards bridging the funding gap for SMEs and fostering growth and innovation within the UK business landscape.