Development Capital

Development Capital is an Irish fund manager that puts development and growth capital into small and medium-sized businesses in Ireland. It was set up in 2013 by Andrew Bourg and Sinead Heaney. The firm looks for companies with real growth prospects, particularly in export markets, where funding is needed to unlock or speed up expansion.

What Development Capital offers

• Growth capital: minority investments in Irish SMEs, usually held for a five-year term.
• Flexible structures: funding can take the form of equity, quasi-equity or debt, shaped around the company and its opportunity.
• Hands-on support: the team adds its market knowledge and experience alongside the money.
• Partnership with management: it works with management teams as they pursue their growth plans.

Customers and markets

Irish SMEs with ambitious management teams and clear growth opportunities, often selling abroad. The firm's first fund made investments in nine companies across Ireland between 2014 and 2019.

Key facts

• Based in: Ireland
• Founded: 2013
• Founders: Andrew Bourg and Sinead Heaney
• Investment term: Typically five years, usually for a minority stake