Executive Directors

Pat Walsh
Pat Walsh
Executive Director
Pat Walsh is a Co-Founder & Executive Director of DunPort Capital Management. Before establishing DunPort, Pat was Head of Irish Investments at BlueBay, where he was responsible for the establishment and subsequent deployment of the BlueBay Ireland Corporate Credit fund.

Pat Walsh

Executive Director

Pat Walsh is a Co-Founder & Executive Director of DunPort Capital Management. Before establishing DunPort, Pat was Head of Irish Investments at BlueBay, where he was responsible for the establishment and subsequent deployment of the BlueBay Ireland Corporate Credit fund. Prior to joining BlueBay, Pat was a Director and Head of Restructuring at IBRC in Dublin. This role involved the development and execution of resolution and recovery strategies for a €4bn portfolio of corporate and business banking loans. Prior to the nationalization of IBRC in 2009, Pat was responsible for the establishment and development of a team responsible for the origination,execution and portfolio management of equity, mezzanine and senior secured leverage finance and general corporate debt facilities across a wide range of sectors.

Before that, Pat spent two years setting up and developing a Corporate Finance Advisory business for Andersen in Dublin where he advised a number of mid-market clients in relation to debt and equity fundraising and for twelve years before that he was with Ulster Bank, Dublin and Bank of Ireland (City Office, London) , managing a portfolio of domestic and international corporate clients.

Pat holds a BA from the University of Limerick

Pat Walsh
Ross Morrow
Ross Morrow
Executive Director
Ross Morrow is a Co-Founder & Executive Director of DunPort Capital Management. Prior to establishing DunPort, Ross was a Senior Analyst at BlueBay, where he was responsible for the origination, execution and management of debt investments in Irish SMEs.

Ross Morrow

Executive Director

Ross Morrow is a Co-Founder & Executive Director of DunPort Capital Management. Prior to establishing DunPort, Ross was a Senior Analyst at BlueBay, where he was responsible for the origination, execution and management of debt investments in Irish SMEs. Ross also worked in the debt advisory and restructuring team at Lazard, where he advised European middle market and high yield borrowers. Prior to Lazard he worked for Hawkpoint’s debt advisory & restructuring practice, Acision as Group Treasurer and Anglo Irish Bank as a leveraged finance banker focused on the UK and Ireland.

He has a BComm degree in Finance from University College Dublin, an MSc in International Business from the Michael Smurfit Graduate School in Ireland, is a CFA charter holder and has an MBA from Cass Business School in London.

Ross Morrow

Team

Ross Pender
Ross Pender
Investment Manager
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Ross Pender

Investment Manager

Ross is an Investment Manager at DunPort Capital Management, having joined from BlueBay where he formed part of the team that previously managed the €450m direct lending vehicle, BlueBay Ireland Corporate Credit. At DunPort, Ross’s main priorities relate to the ongoing monitoring of the loan positions within the existing €283m Elm Credit Corporate vehicle, as well as the origination of private debt investments. Across both the BICC and Elm vehicles, Ross has, alongside the directors of DunPort, helped to directly originate, and subsequently monitor in excess of €100m worth of private debt transactions, with recent transactions including StayCity, Big Red Cloud and Hotel Kinsale.

Prior to BlueBay, Ross worked at private equity company, Emerald Investment Partners on a variety of sectors but mainly in their Nursing Home investment, Carechoice, executing on Emerald’s buy and build strategy within the sector.

Ross is currently sitting his CFA exams and is a June 2020 Level III candidate. He graduated from Trinity College Dublin with a BA in Business and Economics and also holds an MSc in Management Consultancy from the Smurfit School of Business, University College Dublin

Ross Pender
David Gilbane
David Gilbane
Investment Manager
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David Gilbane

Investment Manager

David is an Investment Manager at DunPort Capital Management, having previously joined BlueBay as an Investment Analyst in November 2016. David is responsible for the monitoring and origination of new private debt investments with David having managed in excess of €100m worth of transactions across a variety of different sectors including renewable energy, food & beverage, hospitality, and childcare. David has recently worked on Transactions including Cargostore, Tiger Childcare, and Walsh Whiskey. He acts as an observer on the RRBC board of directors and has worked closely with management providing the support required for the business restructuring and subsequent growth phase.

Prior to BlueBay, David spent 2 years in Bank of Ireland where he worked on the Global Leveraged Finance team in Dublin. This role involved the management of a portfolio of mid-market European & US leveraged transactions. In addition, to monitoring a portfolio of performing assets, David was involved with the “Challenged” portfolio monitoring a number of assets which had underperformed. David had other roles during his time there which included rotations in Global Markets on the Corporate & Institutional Sales desk and on the Wholesale Funding team.

David holds a BSc. in Economics and Finance from University College Dublin and is a Charted Financial Analyst having successfully completed his exams in June 2018.

David Gilbane
Aidan Lynch
Aidan Lynch
Investment Manager
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Aidan Lynch

Investment Manager

Aidan is an Investment Manager at DunPort Capital Management, having joined the company in June 2017 at the time of the spin out from BlueBay. At DunPort, Aidan is responsible for the origination and monitoring of private debt investments in Ireland and the UK, with recent transactions including KB Associates, mAdme Technologies and Unity Technology. Aidan acts as an observer on the mAdme and Unity board of directors, and is also responsible for monitoring Elm’s investments in Magnet Networks and Bakers + Baristas.

Prior to DunPort, Aidan was an Investment Analyst at BlueBay Asset Management, where he worked on the BlueBay Ireland Corporate Credit fund. Prior to BlueBay, he worked on the Global Leveraged Finance team at Bank of Ireland in both Frankfurt and Dublin. His role involved the origination and management of leveraged loans within the European private equity market. Before joining Bank of Ireland, Aidan worked for Third Bridge in London and New York, a provider of primary research to investment firms.

Aidan holds an MSc. Finance from Trinity College Dublin, a B.A. International from University College Dublin (with a year abroad at the University of North Carolina at Chapel Hill), and a Diploma in Corporate Finance from Chartered Accountants Ireland

Aidan Lynch
Philip Considine
Philip Considine
Investment Manager
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Philip Considine

Investment Manager

Philip is an Investment Manager at DunPort Capital Management having joined the firm in 2018. Philip is responsible for the origination, execution and management of investments, with recent transactions including Sohonet, Openmind Networks and ESS Modular

Prior to DunPort, Philip spent 4 years in Bank of Ireland where he worked on the Global Leveraged Finance and Corporate Banking teams with responsibility for origination and portfolio management across a range of sectors. Philip most recently worked as a Manager on the Origination & Intermediaries team, where he was responsible for sourcing, originating and executing investment opportunities in the Irish mid-corporate market.

Before joining Bank of Ireland, Philip worked with loan services outsourcer, Certus, as a Credit Analyst within the business banking team, and spent 4 years with Deloitte in Dublin, where he qualified as a Chartered Accountant within the Financial Services, Audit department gaining relevant industry experience across a broad range of client engagements in the Banking, Insurance and Funds industries.

Philip holds a BA from University College Dublin, a Higher Diploma in Business Studies from the UCD Michael Smurfit Graduate School of Business and is an Associate of the Institute of Chartered Accountants in Ireland.

Philip Considine
Niall Gallagher
Niall Gallagher
Investment Manager
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Niall Gallagher

Investment Manager

Niall is an Investment Manager at DunPort Capital Management having joined the team in late 2018. He is responsible for the Due Diligence function within DunPort and has completed nine engagements with Borrowers in this regard since joining DunPort. Niall’s role also includes the origination and monitoring of borrower transactions and monitors Elm’s investments in AIL, Cara and Pinewood.

Prior to joining DunPort, Niall was an Associate Director on the KPMG Transaction Services team where he carried out due diligence assignments and advised clients in relation to both buy side and sell side M&A transactions across a broad range of sectors. During his time with KPMG, Niall worked on and advised clients with respect to over 40 M&A transactions.

Niall has also gained significant restructuring experience while working with specialist corporate recovery and restructuring firm Friel Stafford working on over100 restructuring assignments during that time. These assignments included Member and Creditor Voluntary Liquidations (MVL and CVL), bank and NAMA appointed Receivership assignments together with the conducting of Independent Business Reviews on behalf of senior creditors.

Niall is an Associate of the Institute of Chartered Accountants in Ireland and holds a B.Sc. degree in Engineering with Management from Trinity College Dublin.

Niall Gallagher
Conor Gibney
Conor Gibney
Investment Manager
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Conor Gibney

Investment Manager

Conor is an Investment Manager at DunPort Capital Management, having joined the team in September 2019.

Prior to joining DunPort, Conor spent 2 years as a Manager at NTR plc where he was responsible for fundraising and investor relations.

Before joining NTR, Conor worked at Close Brothers Group in London in the Banking Division and with KPMG Advisory in Dublin.

Conor is an Associate of the Institute of Chartered Accountants in Ireland and holds a Bachelors degree in Business and Law from University College Dublin.

Conor Gibney
Elaine Redmond
Elaine Redmond
Finance & Operations Manager
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Elaine Redmond

Finance & Operations Manager

Elaine is Finance & Operations Manager with DunPort Capital Management, having joined the team in September 2020.

Prior to this, Elaine spent four years working as Finance Manager with the Irish subsidiary of US tax service provider – H&R Block. Before this, Elaine had worked in the financial services sector for more than 15 years, working as AVP in Finance with JPMorgan Bank (Ireland) Ltd – a fund administration company, as Financial Controller with Tranaut Fund Administration (Ireland) Ltd, a hedge fund administration company, as Chief Accountant with Fortis International Finance (Dublin), a corporate lending company, and she started out her financial services career with ING Barings, a fund administration company, working in both the custody and management accounting departments here.

Elaine holds a Bachelor of Business Studies degree from University of Limerick and is a member of the Chartered Institute if Management Accounts (CIMA).

Elaine Redmond
Fiona Martin
Fiona Martin
Junior Investment Analyst
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Fiona Martin

Junior Investment Analyst

Fiona is a Junior Investment Analyst at DunPort Capital Management, having joined the team in September 2020. Fiona is currently a third year Economics and Finance student at University College Dublin, and is completing a year long internship at DunPort.

Fiona Martin
Paul Cleary
Paul Cleary
Junior Investment Analyst
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Paul Cleary

Junior Investment Analyst

Paul is a Junior Investment Analyst at DunPort Capital Management, having joined the team in September 2020. Paul is currently a third year Economics and Finance student at University College Dublin, and is completing a year long internship at DunPort.

Paul Cleary

Investment Committee

Iain Burnett
Iain Burnett
Investment Committee Chairman
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Iain Burnett

Investment Committee Chairman

Iain is the Chairman of the Elm Corporate Credit Investment Committee. Iain joined BlueBay Asset Management in 2008 as a Partner and Senior Portfolio Manager responsible for illiquid and alternative credit investment funds. In this capacity he was responsible for the establishment and oversight of BlueBay Ireland Corporate Credit in 2013 before retiring in 2016.

Prior to joining BlueBay Iain was a Managing Director at Morgan Stanley where he was responsible for the European Special Situations and Distressed Debt group. He began his career in 1987, spending seven years in the private equity market before moving into the fields of financial restructuring and distressed debt investing with Royal Bank of Scotland and West LB. For the last 26 years he has focused on non‐standard or illiquid credit, playing a lead-investor role with companies such as Courts plc (retail), Borussia Dortmund (sports/entertainment), Kiekert AG (automotive), Polestar Group (printing) and Boxclever (equipment rental).

He continues to act as a consultant and investor with a variety of early-stage companies. Iain holds an honours degree from University College London.

Iain Burnett
Tony McArdle
Tony McArdle
Investment Committee Member
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Tony McArdle

Investment Committee Member

Tony served as the Chief Executive Officer of Retail Banking and Head of Corporate Banking of Ulster Bank, as well as holding a number of other senior positions. Mr. McArdle served as Chief Executive of Lombard & Ulster. He worked at Ulster Bank for 35 years.

He serves as the Chairman of TifCo Limited and non-executive director of Merrion Fleet Management and Appian Asset Management. He served as a Non-Executive Director of Kingspan Group PLC since joining in June 2003 until May 9, 2013. Mr. McArdle also served as a Director of Ulster Bank.

Tony McArdle
David O’Flanagan
David O’Flanagan
Investment Committee Member
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David O’Flanagan

Investment Committee Member

David is a former Corporate Finance partner with Deloitte , with over 30 years experience in advising on corporate finance matters , spanning both advisory and transaction services engagements .

He was Head of Corporate Finance in Deloitte Ireland for ten years . His advisory experience includes both buy side and sell side M&A, equity and debt raising, public to private transactions, and PPP engagements . He has extensive valuations experience , both of businesses and intangible assets , in the context of mergers and acquisitions , shareholder disputes and financial reporting .

David’s transaction services experience includes acquisition and vendor due diligence engagements, independent business reviews and reporting accountant engagements on IPO’s and public company takeovers, acting for major corporates , private equity and lenders. His industry experience has spanned the consumer business , TMT , real estate and healthcare sectors

David O’Flanagan
Lucien Orlovius
Lucien Orlovius
Investment Committee Member
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Lucien Orlovius

Investment Committee Member

Lucien is a Conducting Officer for BlueBay Funds Management Company S.A., a member of the investment committee of BlueBay Direct Lending Fund GP Ltd, BlueBay Direct Lending Fund I – BWM LP, BlueBay Direct Lending Fund I (Co-Invest A), LP and was a member of the BICC Investment Committee.

Lucien is also a business consultant to BBAM LLP in London. Prior to becoming a conducing officer, Lucien was a BlueBay employee from October 2007 to April 2012, and a Partner from April 2012 to June 2014. Lucien initially carried out the role of General Counsel of the Distressed Debt Team concentrating on distressed transactions and restructurings and advising the team on all legal matters.

Lucien Orlovius