The Ireland Strategic Investment Fund (ISIF) has committed €50m to a new fund launched by P Capital Partners (PCP), which will provide loans to growing entrepreneur-led and family-owned businesses in Ireland.
The commitment aligns with ISIF’s investment theme of supporting the scaling of Irish indigenous businesses.
PCP has been providing debt finance to Irish companies since 2012 and this commitment from ISIF will assist in the continued implementation of its strategy to support the growth of businesses in Ireland.
Companies supported in the past include Gaelectric, Staycity, PREM Group and Urban Volt, providing growth capital required to scale these businesses.
PCP has decades of experience providing bespoke funding structures to scaling businesses, with a strong focus on sustainability in its current portfolio.
Nick Ashmore, Director, ISIF, said: "This commitment is another example of how ISIF aims to support Irish businesses under its double bottom line mandate, deploying capital on a commercial basis, supporting the scaling of indigenous businesses that in turn will generate economic activity and employment. This partnership with PCP will help to support entrepreneurs who want to take their businesses to the next level of growth."
Petter Björklén, Managing Director, PCP, said: “We are very happy to have ISIF on-board as an investor in P Capital Partners V and look forward to continue to support entrepreneur-led and family-owned businesses in Ireland in the years to come.”
