Stories
Vehicles used by US vulture funds to purchase debt portfolios from KBC and the former ACC in the past two years have just filed accounts for the first time, channelling healthy tax-free income to their investors.
Two of the special purpose vehicles (SPVs) established by Goldman Sachs and CarVal to purchase debt portfolios offloaded by Irish banks have lifted a corner of the veil on the fate of their loan books in accounts published on Wednesday. In the case of Tramore Funding DAC, an Irish company controlled by Goldman Sachs, this will also be its last annual filing – the SPV, which is just two years old, is slated to disappear in the coming months. In its short life, it has generated a €153 million tax-free profit for its backers. Here is how. Tramore Funding was…
For a limited period, we are reducing our annual membership to just €200 for the first year, a saving of €100. Sign up today and get full access to over 500 interviews, investigations, insights and podcasts. Cancel at any time. To learn more about our content, our team and our product click here
It pays to be curious
Special offer: Full annual membership for just €200.
