Equitix is pleased to announce the launch of a new initiative, underpinned by a €75 million cornerstone commitment from the Ireland Strategic Investment Fund (ISIF), that will invest in companies carrying out infrastructure projects located in the Republic of Ireland. This new initiative will see Equitix commit to private companies that develop projects in Ireland across the telecoms, transport, and energy sectors, amongst others.
Equitix has been working in Ireland for over 5 years and has since made a number of award-winning investments including seven new landmark Community Nursing Home units and a significant project to develop eight Social Housing schemes across six counties in Ireland.
ISIF, which is managed and controlled by the National Treasury Management Agency (“NTMA”), is a sovereign development fund with a unique double bottom line mandate to invest on a commercial basis, while supporting economic activity in Ireland. This commitment aligns with ISIF’s investment theme of housing and enabling investments which targets the enablement of infrastructure projects as well as the delivery of residential developments, urban regeneration projects, and commercial real estate.
Equitix has strategic ambitions to deliver, through this initiative, and more broadly, critical infrastructure assets which will provide positive outcomes for the Irish economy and which will contribute to job growth and increased productivity. Separate to this initiative, Equitix will also continue to support investment in Public Private Partnerships through its European fund activities in the Irish market.
Hugh Crossley, Chief Executive Officer of Equitix, said: “We are proud to be partnering with the Ireland Strategic Investment Fund to help support the delivery of greenfield infrastructure projects. These projects will provide critical infrastructure to Ireland’s communities, develop critical services, and create local job opportunities. This firmly aligns with our own strategic ambitions and further marks our commitment to investing in Ireland for the long-term”.
Nick Ashmore, Director, ISIF, said “ISIF investments play a key role as catalysts for additional private sector investment in Ireland. This commitment aims to support developers of infrastructure assets in Ireland with the additional capital they may need to enhance and develop assets and projects that will ultimately benefit the State and the Irish economy. We look forward to working with Equitix on this initiative.”
We look forward to announcing more news related to specific investments made as part of this important initiative in due course.
Pictured: Equitix and ISIF team pictured at the NTMA Offices in Dublin last week to officially mark the commitment.