Ireland Strategic Investment Fund and KKR launch Activate Capital
The Ireland Strategic Investment Fund along with KKR Credit have launched a 500 million Euro(US$551.6 mln) joint venture. The ISIF is contributing €325 million Euros (US$358.6 mln) towards the joint venture while KKR is providing the remaining 175 million Euros (US$193.1 mln). The J.V., called Activate Capital, will focus exclusively on lending to Irish residential development projects. Robert Gallagher, a KKR Director, will be CEO of Activate while Dan O'Connor will be chairman. O'Connor is the former President and Chief Executive Officer of GE Consumer Finance – Europe.
28 July 2015•5 mins read
