Wednesday January 22, 2020

€50m fund helps firms to escape vultures

With access to Close Brothers and Capital Flow, Ram Capital is chaired by ex-AIB auditor Spollen

25th September, 2016
Marcus Spring, managing director, Ram Capital Picture: Fergal Phillips

A new fund chaired by former AIB auditor Tony Spollen is helping businesses exit ‘vulture’ loan ownership and access credit solutions that Irish banks are still slow to provide.

Ram Capital is backed by €50 million from a mix of private equity, high net worth individuals and institutions, and has secured several clients since starting up four months ago.

It has access to further capital through its connections with Close Brothers, the City...

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