Arrow Global eyes new 'direct' lending unit in Ireland

'Arrow Global is planning significant investment in Ireland across a range of sectors including commercial lending and property', company said

Arrow owns credit services firm Mars Capital which earlier this week revealed it now manages a total of €9bn in Irish mortgage home loans.

European investment fund Arrow Global plans to unveil a new "direct" lending operation for Irish companies later this year.

The group also owns credit services firm Mars Capital, which earlier this week revealed it now manages a total of €9bn in Irish mortgage home loans and loans to small firms following the recent wave of sales by banks of loan books that for the most part include non-performing loans.