€1.3bn invested in economy via pension fund

The NTMA raised €7.5bn last year and invested €1.3bn in the economy through the National Pension Reserve Fund (NPRF), according to its end-of-year statement.

The Government announced last year that the NPRF would be converted into a new Strategic Investment Fund.

In its end-of-year statement the NTMA said that the NPRF had been working on a pipeline of potential investments with €1.3bn invested or commitments made in infrastructure, venture capital and long-term financing for SMEs.