Five vulture funds own Irish debts of €25 billion

Nama figures reveal vast numbers of loans are under the control of funds controlled by overseas billionaires

5th March, 2017

Just five so-called vulture funds have acquired tens of thousands of loans from Irish borrowers with a par debt of €24.95 billion.

Figures from the National Asset Mangement Agency (Nama) reveal how vast numbers of loans owed by Irish investors, businesses and individuals have come under the control of a small number of funds controlled by overseas billionaires.

United States fund Cerberus, which is embroiled in the Project Eagle controversy, is by far the largest...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Comment: The Great Resignation will continue unless workers and businesses get more support

Deirdre Heenan: Trade boost shows why unionists need to get pragmatic on the protocol

Nphet’s mission creep has become a dystopian challenge to elected government

‘Solidarity levy’ could be one of many new costs of a united Ireland