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...

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