Tuesday, 23 July 2019

Ceisteanna (156, 157, 158, 159)

Pearse Doherty

Ceist:

156. Deputy Pearse Doherty asked the Minister for Finance the number of L-QIAIFs active here; and the percentage of such which comprise total AIFs and QIAIFs in tabular form. [31523/19]

Amharc ar fhreagra

Pearse Doherty

Ceist:

157. Deputy Pearse Doherty asked the Minister for Finance the net asset value of all L-QIAIFs domiciled here; and the percentage this constitutes of total net asset value of AIFs and QIAIFs in tabular form. [31524/19]

Amharc ar fhreagra

Pearse Doherty

Ceist:

158. Deputy Pearse Doherty asked the Minister for Finance the amount of lending issued by L-QIAIFs here; and the sectors to which this lending is committed in tabular form. [31525/19]

Amharc ar fhreagra

Pearse Doherty

Ceist:

159. Deputy Pearse Doherty asked the Minister for Finance the amount of L-QIAIF activity in the property and real estate sector; and the lending and investments of L-QIAIFs in the sector. [31526/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I propose to take Questions Nos. 156 to 159, inclusive, together.

Loan-Originating Qualifying Investor Alternative Investment Funds (L-QIAIFs) refer to a category of investment fund authorised by the Central Bank of Ireland (CBI). Investment in such funds is restricted to qualified investors and the manager is authorised by the CBI in accordance with the Alternative Investment Fund Managers Directive (AIFMD). The fund is also subject to the CBI's Alternative Investment Fund Rulebook.

The CBI is the competent authority for Loan-Origination Qualified Alternative Investment Funds (L-QIAFs) in Ireland and has supplied information below.

In relation to Questions Nos. 158 and 159, 31523/19 and 31524/19, the CBI has supplied the following tabular information:

Fund Category

No. of Funds

NAV

AIFs

2,864

€678.3bn

QIAIFs

2,548

€633.3bn

Loan Origination QIAIFs

51

€5.9bn

Loan Origination QIAIFs as a % of AIFs

1.78%

0.86%

Loan Origination QIAIFs as a % of QIAIFs

2.00%

0.92%

In relation to Questions Nos. 158 and 159, reference Nos. 31525/19 and 31526/19, respectively, relating to lending activities of L-QIAIFs, the CBI has informed my officials that as of March 2019 56% of loan or loan participating instruments in L-QIAIFs are Irish-based.  The CBI has also informed my officials that the CBI does not collect information on the L-QIAIF authorised by it in a manner that would enable a breakdown of such funds lending in the property and real estate sector or the amount of lending such funds undertake in Ireland or to which sectors.