Goldman’s Irish vulture vehicles are sold — and rebranded Vanuatu, Tonga and Fiji
For more than a decade, three companies have handled the bulk of Goldman Sachs’s vulture-fund activity in Ireland. Ennis Property Finance DAC, Beltany Property Finance DAC, and Kenmare Property Finance DAC were the Irish special-purpose vehicles (SPVs) used by the Wall Street bank to work through multi-billion-euro distressed loan books from Irish banks in the second half of the 2010s. Not any more. Having distributed hundreds of millions of euro in profit-participating interest and fees to Goldman Sachs entities since 2014, the three SPVs have just changed hands. New documents show that their directors representing the US finance giant were…
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