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Investments to date

Investments to date

The “double bottom line” mandate of the Fund means that investments must make an investment return and generate economic impact. This represents a new approach to investing. It is a challenging mandate for which there is very little, if any, precedent globally. However it also creates opportunity to do things differently. Testament to this is the strong and wide ranging pipeline of opportunities that the Fund has generated since its establishment. See below our investments to date.

REVERENCE CAPITAL PARTNERS

€50 million investment in Reverence Capital Partners Opportunities Fund I L.P., a fund focused on investing in global, middle-market, financial services companies

March 2017
DASOS CAPITAL

Investment alongside EIB to support new investment in privately owned forests across Ireland. The investment will support crucial upgrades to Ireland’s forestry infrastructure through the consolidation of its management.

February 2017
INSIDESALES.COM

$50m funding round. Rapidly growing SaaS business selling sales acceleration technology, establishing an Irish presence and R&D centre specialising in data science and analytics.

January 2017
FRONTLINE VENTURES II

A €60m venture fund managed by a leading early-stage venture capital firm with offices in Dublin and London.

February 2017
POLARIS VIII

A $435m fund managed by Boston-headquartered Polaris Partners that is focused on making investments in technology and life science businesses in North America and in Ireland where the firm has a presence.

DECEMBER 2016
FINANCE IRELAND

€30m equity investment in non-bank lender, including support of its SME and Agri Leasing business

November 2016
GMI

A life science start-up that is undertaking a comprehensive population-scale genome study in Ireland to improve our understanding of the genetic and lifestyle factors involved in diseases prevalent here.

October 2016
AQUA COMMS

Expansion investment in the owner and operator of Ireland’s first dedicated subsea fibre-optic network interconnecting New York, Dublin and London

SEPTEMBER 2016
SEROBA LIFE SCIENCES FUND III

A €100m venture fund that will target innovative, early and mid-stage life sciences companies primarily in Ireland and selectively in the US, UK and other European markets.

February 2017
DAA

Participation in long-term bond issuance that will underpin delivery of new runway.

June 2016
DRAPER ESPRIT

A technology-focused patient capital investment platform that is dual-listed in London and Dublin and focused on supporting the most promising technology driven companies in Ireland, the UK and selectively in other European markets.

June 2016
SILICON VALLEY BANK VIII

An investment with a leading venture fund-of-funds platform; an element of a strategic partnership with Silicon Valley Bank that sees the specialist bank target $100m of lending to innovation companies in Ireland.

May 2016
DCU

Long term commitment of €54m to a €230m infrastructural development plan to specifically target student accommodation projects

APRIL 2016
CAUSEWAY CAPITAL

New fund investing up to €10m in established Irish and UK SMEs with ambitious management teams and strong growth prospects.

APRIL 2016
GLANBIA MILKFLEX FUND

€100m fund with which will offer flexible, competitively priced loans to Glanbia milk suppliers with loan repayments linked to the milk price.

MARCH 2016
BMS FINANCE

€15m commitment to a €30m non-bank platform providing stretch senior debt to SMEs.

MARCH 2016
NTR

€35m commitment to a €250m equity fund targeting the construction and operation of onshore wind energy projects.

FEB 2016
QUADRANT

€50m commitment to a €100m debt platform for Irish commercial real estate development.

NOV 2015
IRISH WATER

€150m commitment to fund the capital programme of Ireland's New National Water Utility.

NOV 2015
SWRVE

Part of €28m funding round to support a rapidly growing software company founded in Dublin.

NOV 2015
HIGHLAND EUROPE TECHNOLOGY GROWTH FUND II

€10m commitment to a €330m
technology growth equity fund with focus on Ireland and Western Europe.

SEPT 2015
IRISH WATER

€300m commitment (refinancing facility) to fund the capital programme of Ireland's New National Water Utility.

AUG 2015
ACTIVATE CAPITAL

€325m commitment to a €500m debt platform for Irish residential housing development.

JULY 2015
FRONTLINE VENTURES I

€11m commitment to a €50m fund focussed on opportunities in promising early stage Irish software companies.

JULY 2015
AMCS

Part of €45m equity investment to fund growth of global leader in software solutions for the waste and recycling industry.

JULY 2015
KILKENNY REGENERATION

Seed investment in Kilkenny town centre urban regeneration project.

MARCH 2015
MALIN

€50m investment in the €330m IPO of a Dublin-headquartered life sciences investment company listed on the ISE.

MARCH 2015
WLR CARDINAL CRE MEZZANINE FUND

€75m commitment to a €300m mezzanine debt platform for Irish commercial real estate development and refinancing.

NOV 2014
POLARIS VII

$50m commitment to a $450m fund targeting early & growth stage ICT & healthcare opportunities from offices in San Francisco, Boston and Dublin.

OCT 2014
ATLANTIC BRIDGE FUND III

€20m commitment to a €140m fund focused on cross border expansion of technology companies from Ireland to the US.

SEPT 2014
COVANTA - DUBLIN WASTE TO ENERGY

€44m debt facility as part of lending to fund development of waste-to-energy plant at Poolbeg.

SEPT 2014
FOUNTAIN II

€15m commitment to a €103m fund focused on promising early stage life science opportunities in Ireland & selectively in Europe/US.

AUG 2014
ARCH VIII

$27m commitment to a $410m US/European seed and early stage VC fund specialising in company formation.

APRIL 2014
CHINA IRELAND GROWTH TECHNOLOGY FUND

$50m commitment to a $100m fund alongside CIC targeting cross border ICT opportunities between Ireland and China.

DEC 2013
WESTSUMMIT GLOBAL TECHNOLOGY FUND

One element of a 2013 partnership with CIC that led to the creation of the China Ireland partnership.

DEC 2013
BLUEBAY IRELAND CORPORATE CREDIT I LTD

€200m commitment to a €450m credit platform supporting Irish SMEs.

JULY 2013
LIGHTSTONE VENTURES I

$13m commitment to a $170m fund targeting early stage life science opportunities in the US and Ireland.

APRIL 2013
STRATEGIC INVESTORS FUND VI

One element of a 2012 partnership with SVB that will see the market leading VC bank lend $100m to Irish companies.

MARCH 2013
CARLYLE CARDINAL (THE SME EQUITY FUND)

€125m commitment to a €292m lower mid-market buyout fund that is targeted at supporting Irish SMEs.

DEC 2012
HIGHLAND TECHNOLOGY EUROPE

€10m commitment to a €250m technology growth equity fund with focus on Ireland and Western Europe.

NOV 2012
SVB CAPITAL STRATEGIC INVESTORS FUND V

One element of a 2012 partnership with SVB that will see the market leading VC bank lend $100m to Irish companies.

JUNE 2012
IRISH INFRASTRUCTURE FUND

€250m commitment to a €500m fund managed by AMP Capital & Irish Life investing in Irish infrastructure assets.

NOV 2011
SOFINNOVA VENTURE PARTNERS VIII

$13m commitment to a $440m fund targeting new and existing life science opportunities in the US and Ireland.

JUNE 2011
POLARIS VI

$50m commitment to a $360m fund targeting early & growth stage ICT & healthcare opportunities from offices in San Francisco, Boston and Dublin.

PRE 2011
DFJ ESPRIT III

€20m commitment to a €80m pan-European ICT focused fund managed by a longstanding team in London and Dublin.

PRE 2011
DFJ X

$13m commitment to a $320m fund focused on promising ICT opps on a global basis managed by a leading US VC firm.

PRE 2011
ATLANTIC BRIDGE FUND II

€10m commitment to a €75m fund focused on cross border expansion of technology companies from Ireland to the US.

PRE 2011
INVESTEC

€18m commitment to a €75m fund focused on supporting promising early & growth stage ICT companies in Ireland.

PRE 2011
SEROBA LIFESCIENCES FUND II

€15m commitment to a €75m fund focused on promising early stage life science opportunities in Ireland and selectively in Europe.

PRE 2011
FOUNTAIN I

€15m commitment to a €73m fund focused on promising early stage life science opportunities in Europe with a focus on Ireland.

PRE 2011
DELTA III

€23m commitment to a €105m fund supporting early/expansion stage ICT and Medtech companies in Ireland & the UK.

PRE 2011
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