10.01.2013 - National pension fund to invest in small firms
The National Pension Reserve Fund is to invest in small businesses by establishing three new funds to provide equity, credit and restructuring investment to Irish SMEs. The NPRF will invest up to 500 million across the funds, which include an SME equity fund, an SME credit fund and an SME turnaround fund. The turnaround fund will invest in underperforming businesses that are at or close to the point of insolvency but have the potential for financial and operational restructuring, while the credit fund will lend to larger SMEs and mid-size corporates...............................................Full Article: Source
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