Private equity mortgage exits heat up with Irish NPL deal

David Bell

April 05, 2017 06:15 PM

ireland houses — Houses stand vacant in the Castlemoyne development in North Dublin, Ireland, Friday, Nov. 19, 2010. This development is one of the many, so called, ghost estates that have been been largely abandoned and left unfinished across many parts of Ireland due to the financial crisis which has struck Ireland. Irish officials said Friday that talks are under way in Dublin involving various government departments and agencies together with more than 40 officials from the European Central Bank and Washington-based IMF, as tough negotiations are taking place to avert the crisis over the Irish government debt. (AP Photo/Peter Morrison) | Peter Morrison/AP/Press Association Images

A Lone Star fund has launched a new securitization backed by non-performing Irish mortgages originated by Bank of Scotland, the second deal backed by Irish legacy assets to emerge this week as private equity firms look to exit post-crisis mortgage investments in Europe’s periphery.

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Topics

Ireland RMBS Securitization UK Europe EMEA

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David Bell