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On 30 June 2017 the Discretionary Portfolio was valued at €8.5 billion. The Fund has a strong and growing pipeline of transactions and to date has committed €2.9 billion.

The Fund publishes a semi-annual update of the economic impact of its investments. Please visit our Economic impact  page to view our latest economic impact report.

Latest investments

Please visit our Investments to date page to see information about more of our investments.

Irish Whiskey Growth Fund

€10m fund that provides debt finance secured on whiskey stock to growth-stage Irish whiskey businesses

June 2018
DunPort Capital Management

ISIF commitment to the Elm Corporate Credit Fund alongside co-investment from other Irish institutional investors. The Fund provides a mix of Unitranche, Senior and Mezzanine debt to medium/large Irish SMEs and mid-sized corporates.

April 2018
China Ireland Technology Growth Fund II

€75m commitment in Fund to focus on high-growth companies seeking access to Irish and Chinese markets

March 2018
Mainstay Medical

€10m equity investment in an Irish Medtech company to support the development and commercialisation of its device, ReActiv8, which treats Chronic Low Back Pain



The performance of the Fund is reported on three levels; (i) the Discretionary Portfolio – the investment of which is the responsibility of the NTMA (as controller and manager of the ISIF) following the establishment of the ISIF on 22 December 2014, (ii) the Directed Portfolio – the public policy investments made at the direction of the Minister for Finance, and (iii) the Total Fund.

Discretionary Portfolio
Directed Portfolio
= €19.7bn
Total Fund
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Read about the performance of the Fund
Ireland Strategic Investment Fund