The British Business Bank committed £20 million to Cordovan Capital Management's CCP III LP fund. The investment falls under the bank's Growth Equity strategy. This marks the bank's initial investment in the firm.

Cordovan Capital Management operates from Belfast. Established in October 2011, the firm focuses on buyouts of small and medium-sized enterprises across the island of Ireland and the UK. It acquires majority stakes through management buyouts or buy-ins and collaborates with company leaders on expansion.

Mike Irvine and Daniel Anderson serve as partners and co-owners. The fund completed its first deal in December 2025 with the purchase of JPS Projects in Manchester.

Adam Kelly, managing director and co-head of funds at the British Business Bank, stated the bank values Cordovan's role in aiding small businesses, especially in Northern Ireland. He noted the funding will attract more capital to balance regional growth and support economic development across UK nations and regions.

Daniel Anderson, a partner at Cordovan, said the bank's objectives align with the firm's efforts to back small businesses. He welcomed the collaboration to invest in the UK and Irish SME sector.