About ISIF

Flexible, Long–Term, Sovereign Investment Partner

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To invest on a commercial basis to support economic activity and employment in Ireland

The Ireland Strategic Investment Fund, managed and controlled by the National Treasury Management Agency (NTMA), is a sovereign development fund with a unique mandate. We have a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland. The fund’s predecessor was the National Pensions Reserve Fund (NPRF). The ISIF is comprised of the Discretionary Portfolio and the Directed Portfolio.

The ISIF’s "double bottom line" mandate makes it one of the few sovereign funds globally with a mandate to support economic activity and employment, in addition to delivering commercial returns.The ISIF is required to seek to generate a return over the long term in excess of the cost of Irish Government debt.

The Fund's revised investment strategy, following a scheduled review of the ISIF mandate, is guided by the objectives of Project Ireland 2040, to target its future investments in five priority themes of key importance to the Irish economy:

•Regional development
•Indigenous businesses
•Climate change
•Sectors adversely affected by Brexit.

In addition, the Fund will continue to pursue investment opportunities that are suitable for its Connectivity Fund sub-portfolio, which includes projects that enhance Ireland’s global data, energy and physical connectivity. The Fund will also maintain some flexibility to selectively take advantage of compelling opportunities of national significance which are consistent with the Fund’s mandate and do not fit under the Priority Themes.

The Fund will seek to invest in transactions where it can make a difference, where its characteristics can enable commercial investment transactions with positive economic impact and can make it an attractive “investor of choice” for company and project sponsors and advisors.

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See our investments to date
Ireland Strategic Investment Fund