In November 2020, The Currency revealed that the Irish Strategic Investment Fund (ISIF) had taken a stake in Staycity, the serviced apartments provider for short and long-term travellers, after making a €30 million investment. The investment by Ireland’s sovereign wealth fund was a mixture of debt and equity. The investment was part of a €70 million refinancing, where it tapped existing shareholders and raised €33 million in debt from OakNorth, a British challenger bank. The latter funds came under the UK’s coronavirus large business interruption loan scheme. The valuation placed on Staycity, which operates in the region of 6,000 apartments across…

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