INTERVIEW

Irish pair’s homegrown alternative to banks is branching out

Pat Walsh and Ross Morrow’s homegrown alternative to banks sees potential in the Benelux region

Ross Morrow, left, and Pat Walsh want more Irish investors to embrace private credit
Ross Morrow, left, and Pat Walsh want more Irish investors to embrace private credit
JUSTIN FARRELLY FOR THE SUNDAY TIMES
The Sunday Times

Pat Walsh and Ross Morrow are racking up the milestones in 2023. This year they topped the €1 billion-mark in loans advanced, first as BlueBay Ireland Corporate Credit and since 2017 as DunPort Capital Management. In February DunPort did its first deal in the Netherlands, its third market after Ireland and the UK, backing the local private equity firm Lexar Partners in its acquisition of PFM Intelligence, a data analytics company.

It signed the lease on its own offices at Blackrock Village Centre and will soon move out of its Iconic Offices-serviced premises on Dublin’s Leeson Street. “We are packed up pretty high, it’s a very noisy place,” Morrow says.

The new office will have enough space for 45 people, more than twice current levels.