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Flexible capital forambitious operatorsready to scale.

Frontvale is a family-backed private investment firm providing specialist credit and equity focused on digital infrastructure, maritime and residential development.

About

Family capital, operating experience

Residential scheme under construction, wrapped in scaffolding

Frontvale was founded in 2014 by Dermot Mulvihill following his retirement as Chief Financial Officer of Kingspan, where he spent more than thirty years helping build one of Ireland's most successful international companies, from its stock market listing in 1989 to global leadership in its sector. 

Frontvale began as a family investment vehicle, holding Irish real estate and minority stakes in established Irish businesses. Over the past decade its remit has widened to asset-backed lending and partnerships with operating businesses across maritime, digital infrastructure and residential development, supported by an in-house team built to originate, structure and manage that activity directly.

The principles have not changed. We invest patiently, we underwrite the asset as well as the balance sheet, and we behave as long-term partners prioritising sustainable growth. 

What we do

Two ways of deploying capital, one area of expertise

We provide flexible capital, quickly, in sectors where our experience lets us understand the asset or business as well as the people running it. That means we can lend against hard assets and back experienced operators on terms, and to timetables, that generalist capital can't match.

We partner

Operator Partnerships

We partner with experienced management teams to launch or acquire businesses in their field, providing anchor capital, structuring expertise and active board involvement. We are sector-agnostic but selective: we back people with deep operating knowledge of their market and a clear plan to build something of scale. Our partners have scaled digital businesses to market leadership, experience we bring to every technology investment.

We lend

Maritime Finance

Secured lending across the maritime sector, from vessel acquisition and construction to completion financing. Our sector knowledge allows us to assess vessels, yards and counterparties directly, and to move with a speed and flexibility that traditional ship lenders rarely offer.

Residential Development Finance

Mezzanine and preferred equity for residential developers in Ireland, with a focus on social and affordable schemes delivered to local authorities. As senior lenders have reduced leverage on development projects, we provide the capital that gets viable schemes built. Our residential lending is also carried out in partnership with Everlet Capital

Lending at Frontvale Investment Management →
Team

Experience across credit, digital, operations and capital markets

Dermot Mulvihill

Dermot Mulvihill

Founding Partner

Dermot served as Chief Financial Officer of Kingspan for more than thirty years, through its 1989 stock market listing and its growth into a global industry leader. Since leaving Kingspan he has served on several boards, including Coillte and FBD Insurance. He is a Chartered Accountant and holds an MBA.

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Fearghal Mulvihill

Fearghal Mulvihill

Managing Partner

Fearghal leads Frontvale's investment activity across real estate, maritime and digital infrastructure, and led the build-out of the firm's subsea cable installation platform. He has more than 15 years' experience in deals and credit. He is a CFA charterholder and Chartered Accountant, and holds an MBA from Wharton and a BA in Management Science from Trinity College Dublin.

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Matteo Iannucci

Matteo Iannucci

Partner, Digital Investments

Matteo leads Frontvale's digital business investments, from sourcing and due diligence through to structuring. He previously spent ten years in gaming, playing a central role in Paddy Power Betfair's $600 million acquisition of FanDuel. He holds a Master's in Statistics and Economics from the University of Rome.

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Niall Connell

Niall Connell

Partner, Lending & Digital

Niall heads Frontvale Investment Management, our asset-backed lending arm, and oversees our digital investments alongside Matteo. He spent nearly a decade with Flutter in the US, latterly as General Manager of FanDuel, leading it to become the largest operator in the US sports betting market. He holds a degree in Management Science from Trinity College Dublin.

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Jeff Montagna

Jeff Montagna

Industry Advisor

Jeff is Managing Director of Iron Creek, a US private equity firm investing in software and tech-enabled services. He originates co-invest deals for Frontvale with US-based family offices. He holds an MBA from IE Business School and a BS in Accounting from the University of Southern California.

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Rory McEntee

Rory McEntee

Real Estate Lending Advisor

Rory is the founder and managing partner behind Everlet Capital and has more than a decade of experience in alternative development finance in Ireland. Rory is a qualified solicitor and former licensed property services provider.

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Approach

Flexible capital, aligned interests

We are not bound by a fund mandate or a deployment timetable. We may fund a transaction entirely from our own balance sheet, bring in a small number of trusted co-investors, or invest alongside family offices and institutional sponsors. Each structure is shaped around the asset and the people involved, not around a product.

What we bring beyond capital is judgement: experience in credit, corporate structuring and scaling digital and physical businesses, applied early and directly.

Selected transactions

Capital at work

Subsea cable on the seabed
Operator Partnership · Equity

Subsea cable installation platform

Lead equity investor in a new subsea cable installation business, partnering with an established management team & operator.

Homes under construction at the Barna scheme, Co. Galway
Development finance

Social and affordable homes, Co. Galway

Multi-million euro mezzanine facility to assist completion of a housing scheme for delivery to Galway County Council.

Aluminium yacht hull being transported from the yard
Maritime finance

Performance yacht builder

Completion financing for the construction, fit-out and delivery of a shipyard's first flagship vessel.

Clinical team in an operating theatre
Operator Partnership · Seed equity

Health insurance technology

Anchor seed investment backing an experienced team building technology to improve efficiency and access in health insurance.

Work with us

An asset to finance? A business to build?

We work with borrowers, asset owners and management teams, directly and through brokers and introducers.

Contact us
Tug boat passing container cranes at sunset