ISIF to commit €750m to Irish investments in 2016
Published 21/04/2016 | 09:41
The State-backed Ireland Strategic Investment Fund (ISIF) is to commit another €750m this year after it ended 2015 with total investments of over €2bn.
The ISIF is currently in advanced discussions over 53 opportunities that have a combined value of €2.4bn.
Last year the ISIF splashed out €759m on investments, €9m more than it anticipates to spend in 2016.
ISIF director Eugene O'Callaghan said the fund has made substantial progress since its establishment 16 months ago.
"We have managed the transition to a new investment mandate, are investing across the Irish economy and are generating significant economic impact.
"Our scale, long-term perspective and flexible and innovative approach, combined with our ability to leverage additional investment from global and Irish co-investment partners, means the Fund can make a meaningful difference to the Irish economy," Mr O'Callaghan said.
The ISIF director went on to say the food, agri, technology, real estate and SMEs sectors are producing significant investment opportunities.
Mr O'Callaghan was speaking at the third annual market engagement event in Dublin today.