Funding

€50m from Irish sovereign wealth fund for founder-led and family-owned firms

The fund is to be managed by P Capital Partners, a Stockholm-based financier

Nick Ashmore, director of the Ireland Strategic Investment Fund, pictured with Petter Björklén, managing director, PCP

The state’s wealth fund has committed €50 million to a new fund that will provide loans to growing entrepreneur-led and family-owned businesses in Ireland.

The fund is to be managed by P Capital Partners (PCP), a Stockholm-based financier that has raised over €4.3 billion since 2002.

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