DALLAS--(BUSINESS WIRE)--Redpoint Capital Group, LLC (“Redpoint Capital”), a leading alternative credit manager, announced today that it has agreed to sell a stake in its affiliated General Partner and Management Company to an affiliate of Dundon Capital Partners, LLC (“DCP”). DCP is led by Thomas (“Tom”) Dundon, one of the founders and former CEO and Chairman of Santander Consumer USA (“SCUSA”), a leading publicly-traded non-captive finance company.
As part of the transaction, both Tom Dundon and DCP Partner, John Zutter, will sit on Redpoint Capital’s Board of Directors along with Redpoint Capital Managing Partners Alex Dunev and Andy Thomas. Alex Dunev commented, “We are thrilled to have Tom as a Partner. I have known Tom for over ten years and his track record creating value for investors in asset-based lending is unparalleled.”
Since 2008, Redpoint Capital and its affiliates have financed over $1.1 billion in loans through asset-based transactions. Tom Dundon commented, “The opportunity to invest in a firm like Redpoint Capital was exactly what I was looking for as I seek to continue to invest in Specialty Finance and FinTech platforms. Andy and Alex have built a great business and I know DCP can help Redpoint continue to scale and take advantage of the tremendous opportunity to partner with leading origination platforms.”
Andy Thomas and Alex Dunev will continue to manage Redpoint Capital’s operations in Dallas, Texas.
About Redpoint Capital
Redpoint Capital Group, LLC is an alternative credit manager focused on managing and deploying capital into Specialty Finance and FinTech markets through asset-based financings. Redpoint delivers attractive risk-adjusted returns to its clients through privately negotiated debt transactions with companies across a wide array of industries. Our firm is managed by senior executives with decades of experience operating finance companies, investing capital as lenders and investors, and advising companies across capital markets activities.