Arrow Global to Launch Direct Lending Operation for Irish Companies
Arrow Global, the European investment fund, is set to introduce a new “direct” lending operation for Irish companies later this year. The company has already committed €140m into Ireland and plans to invest significantly in the country across various sectors, including commercial lending and property. Arrow Global owns Mars Capital, a credit services firm that recently revealed managing €9bn in Irish mortgage home loans and small business loans. Mars Capital is planning to add 100 jobs as part of its loan servicing expansion.
Arrow Global’s plans involve the establishment of a direct commercial lending business later this year, as well as further investment in credit and real estate opportunities via platforms currently owned by Arrow, including Mars and Eagle Street Partners. Eagle Street is a property investment firm that focuses on offices in Ireland and Britain, which Arrow Global acquired last month. Eagle Street specialises in commercial property, residential, hospitality, and life sciences.
Arrow Global’s expansion into Ireland comes after a recent wave of sales by banks of loan books, which mostly include non-performing loans. The company’s commitment to investing in Ireland is expected to boost the country’s economy, creating more opportunities for businesses and individuals.
Arrow Global is known for specialising in property loans, but its investment in commercial lending and property in Ireland shows the company’s willingness to diversify its portfolio. The introduction of a direct lending operation for Irish companies is expected to provide a more accessible and flexible financing option for businesses.
The move is also expected to create more jobs in Ireland, providing opportunities for skilled professionals and boosting the country’s employment rate. Arrow Global’s commitment to investing in Ireland is a positive development for the country’s economy, which has been hit hard by the COVID-19 pandemic.
In conclusion, Arrow Global’s plans to introduce a direct lending operation for Irish companies and invest in various sectors in Ireland is a significant development for the country’s economy. The move is expected to create more opportunities for businesses and individuals, boost employment, and provide a more accessible financing option for businesses. Arrow Global’s commitment to investing in Ireland is a positive development for the country’s economy, which is in dire need of investment and support to recover from the pandemic’s impact.