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…

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