John McGuinness
Question:267. Deputy John McGuinness asked the Minister for Finance the amount of money that Activate Capital has loaned to Irish businesses; and if he will make a statement on the matter. [35999/15]
View answerTuesday, 20 October 2015
Questions (267)
Written answers
The Ireland Strategic Investment Fund (ISIF) is a partner in the Activate Capital joint venture with KKR. The ISIF is contributing €325 million towards this joint venture, making it the biggest single investment yet undertaken by the ISIF, with KKR providing the remaining €175 million. ISIF inform me that Activate Capital only opened for business on 1 September last and will become operational during the fourth Quarter of 2015. No capital has been drawn down to date, however, the company is currently in discussions with a number of developers regarding potential opportunities.
Question No. 268 answered with Question No. 262.