For more than a decade, three companies have handled the bulk of Goldman Sachs’s vulture-fund activity in Ireland. Ennis Property Finance DAC, Beltany Property Finance DAC, and Kenmare Property Finance DAC were the Irish special-purpose vehicles (SPVs) used by the Wall Street bank to work through multi-billion-euro distressed loan books from Irish banks in the second half of the 2010s. Not any more. Having distributed hundreds of millions of euro in profit-participating interest and fees to Goldman Sachs entities since 2014, the three SPVs have just changed hands. New documents show that their directors representing the US finance giant were…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .