The dual mandate of the Fund – investment return and Irish economic impact – represents a new “double bottom line” approach to investing and will require all transactions to generate both risk adjusted commercial returns and economic impact in Ireland. Not every investment has the same expected return, risk profile or time frame but each must pass the commerciality test – this requirement imposes a direct discipline on the consideration of each investment opportunity.
We are focused on investment in projects, companies and funds with Irish activities and the potential for significant expansion, innovation and value improvement. Generally these will take the form of new or established funds, where the investment team has a successful track record, or projects and companies that exhibit development characteristics, such as significant market opportunity or above-average growth rates in earnings or sales and high or improving returns on capital.
We have the ability to participate in all levels of a project or company’s capital structure including senior debt, mezzanine debt, traditional private equity (either direct or via an investee fund), venture capital, preferred equity and ‘special situations’ e.g. turnaround, buyouts. On a direct basis this will typically involve investment in strong minority positions in either debt or equity – preferably as part of a syndicate or co-investment group that validates the commerciality of the opportunity and augments the economic impact of our participation. Flexibility along the capital structure is one of our key attributes.
There are few restrictions on the tenor or duration of investment other than the commerciality and inherent risk profile of the underlying project or business. Investments are neither scale nor sector specific and the team includes sector specialists in certain areas which require deeper knowledge or that have been identified as a focus for the Fund. These sectors include food and agriculture, real estate and energy including renewables, storage and emerging technologies.
To date the Fund has committed over €2.4 billion to transactions in a wide range of sectors. These investments have ranged from c. €10 million upwards in size. In 2015 we committed €759 million. Learn more about our investments to date.
To submit proposals or to discuss investment ideas, please contact any of the following team members by email.
|Kieran Bristow||Head of Investment Strategyfirstname.lastname@example.org|
|Cathal Fitzgerald||Head of Food & Agricultural Investmentsemail@example.com|
|Fergal McAleavey||Head of Private Equityfirstname.lastname@example.org|
|Donal Murphy||Head of Infrastructure and Credit Investmentsemail@example.com|
|Paul Saunders||Head of Innovation and Special Investmentsfirstname.lastname@example.org|