Ireland Strategic Investment Fund ready to invest up to €1bn this year

Up to €1bn more is likely to be invested this year by the Ireland Strategic Investment Fund, the State-backed vehicle which has replaced the National Pensions Reserve Fund.

Speaking yesterday at the fund’s second annual market engagement event attended by more than 500 entrepreneurs, investors and advisers at Dublin’s Convention Centre, fund director Eugene O’Callaghan said that the programme has a strong and varied list of high quality investment opportunities.

To date the fund has invested around €1.5bn. That includes previous investments made by the National Pensions Reserve Fund.