KKR, ISIF Form €500M Lending Platform for Irish Housing Sector
July 29, 2015
The credit arm of KKR has partnered with the Ireland Strategic Investment Fund to launch a €500 million joint venture, Activate Capital, to provide funding options to Ireland's house building sector. Focusing exclusively on lending to residential development projects, Activate Capital will be capable of financing the construction of over 11,000 new homes. The ISIF will contribute €325 million toward the JV, with KKR providing €175 million.