Dáil Éireann Debate, Thursday - 13 May 2021
220. Deputy Cian O'Callaghan asked the Minister for Finance if a list will be provided of the activate capital investments for which Ireland Strategic Investment Fund capital was used; and if he will make a statement on the matter. [25319/21]
View answerThe Ireland Strategic Investment Fund (ISIF) has informed me that matters related to Activate Capital are commercial matters and therefore it is not appropriate for me to comment on them as Minister for Finance.
However, the ISIF has a current commitment of €400m to Activate Capital, a senior lending platform which funds residential development projects in Ireland.
Since inception to 31st December 2020, Activate funding has supported the completion of 2,073 (sold or contracted) new homes.
I am further informed that Activate is currently supporting construction activity on 28 sites nationwide, all sites funded to date have the capacity to deliver over 14,800 units.
Since 2019, Activate Capital has broadened out its funding base with the addition of a large European pension group in October 2019 and a US investment fund in November 2020, alongside the existing investor base of ISIF and KKR.
