ISIF expects to commit up to €1bn in additional investments

The Ireland Strategic Investment Fund (ISIF) expects to commit between €500m and €1bn to additional investments in Ireland, its Director said today.

The ISIF, which is controlled and managed by the National Treasury Management Agency (NTMA), is evaluating over 100 investment proposals throughout Ireland as it continues to deploy its €7.4bn investment portfolio on a commercial basis

ISIF director Eugene O’Callaghan said: "The ISIF is building momentum, identifying commercial opportunities and investing in high-quality proposals. Our pipeline is strong and growing.

"We currently have almost €1.5bn deployed on a commercial basis in Ireland and this will grow to more than €7bn over the next 3 to 5 years as we make investments that meet our ‘double bottom line’ criteria – delivering a commercial investment return and supporting economic activity and employment in Ireland."

Mr O’Callaghan was speaking at the ISIF’s second market engagement event, entitled “Building Momentum and Relationships”, which took place at Convention Centre Dublin and was attended by over 500 entrepreneurs, investors, and advisors.

Minster for Finance Michael Noonan TD was the keynote speaker at the event.

Other speakers included representatives of companies in which the ISIF has invested, such as Malin Corporation plc (which recently listed on the Irish Stock Exchange in one of Europe’s largest-ever biotech IPOs), confectionery manufacturer Lily O’Brien’s and software company Movidius.