Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Ireland Said to Link Up With BlueBay for Company Credit Fund

BlueBay Asset Management LLP, a London-based fixed-income investment firm, will join with Ireland’s National Pensions Reserve Fund to create a fund offering loans to small and medium-sized companies in the country, according to two people with knowledge of the matter.

The fund will raise as much as 450 million euros ($588 million), according to one of the people, who asked not to be identified as the matter isn’t public. The fund may be announced as soon as today as Irish Finance Minister Michael Noonan lays out the 2013 budget.

The fund will be backed by 300 million euros of senior debt financing from investors including the Irish authorities, in addition to 150 million euros from BlueBay and the Irish pension fund, said one of the people.

The fund, looking to start senior secured lending by the end of the first quarter, will seek to deliver an annual return of 15 percent for equity investors, said one of the people. Officials at BlueBay declined to comment. Ray Gordon, a pension fund spokesman, wasn’t immediately able to comment.

BlueBay is owned by Toronto-based Royal Bank of Canada, the country’s biggest lender, which paid about 963 million pounds ($1.6 billion) for the firm in 2010 to expand its wealth-management business.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.