Dillon Eustace advise on housing body loan fund for credit union market

Dillon Eustace were delighted to be involved in the launch of Multaque Funds ICAV and its initial fund CU AHB Fund (Credit Union Approved Housing Body Fund) which was authorised by the Central Bank of Ireland on the 14th September, 2021.

Dillon Eustace’s Daragh O’Malley, associate, and partner Donnacha O’Connor, advised on the launch. This loan origination Qualifying Investor Alternative Investment Fund will lend up to €800 million to Irish Tier 3 Approved Housing Bodies (AHBs). It is a unique collaboration between credit unions and AHBs, supported by four Dublin based credit unions, and designed to be eligible for investment by credit unions nationwide, which has been widely welcomed, and will be part of the solution of this country’s social housing problem.