Romney’s Bain puts €500m into Irish SME fund

• Former US presidential candidate Romney set up lender with billionaire financier • Broadhaven to shift focus from property to SME sector

Mitt Romney owns Bain Capital

Mitt Romney’s Bain Capital, is set to sink half a billion euro into the Irish private lender he owns with billionaire financier Dermot Desmond.

Broadhaven, a private lender set up by Desmond and Romney’s Bain Capital in 2014, has spent the original €200 million war chest it had when it was set up.

Bain is understood to be providing the entirety of the new funding. The extra funding, which was initially agreed last ...