Ireland Strategic Investment Fund generates investment gains of €655m since inception

Monday, 22nd January, 2018

The Ireland Strategic Investment Fund (ISIF) has today published its year-end review for 2017.

Key points:

Comment from Conor O’Kelly, Chief Executive, NTMA:

“The investment gains generated by the Fund – €655m in value since inception - demonstrate a very satisfactory performance for a low risk fund in the current interest rate environment.

The total Fund value has grown substantially since inception, from €7.2bn to €8.7bn, on foot of investment gains of €655m and the injection of €865m from AIB dividends and the sale of Aer Lingus shares.

In addition to its investment returns, the Fund has been very effective as a catalyst for private sector investment in Ireland. We are pleased that the €3.4bn committed by the Fund to Irish investments has been augmented by €5.7bn in private sector co-investment.

In keeping with its double bottom line objective, the Fund has made a total of 79 investments to date that support 28,000 jobs across all regions and many sectors of the economy”.

Comment from Eugene O’Callaghan, Director, ISIF:

“The ISIF’s investments to date are well spread across the Fund’s strategic themes of Enabling, Growing and Leading Edge. Investments in 2017 included significant commitments in the areas of housing, connectivity, renewable energy, SMEs, food & agri, technology and life sciences.

The ISIF’s differentiating characteristics of flexibility, long-term timeframe and the value it can add as a sovereign partner to both businesses and co-investors have enabled such wide-ranging investments that are consistent with the Fund’s double bottom line mandate.”

Notes to Editors

Today’s report also outlined strong progress by the Fund in specific sectors:



Renewable energy

Funding SMEs



[1] The Fund has also today published its semi-annual Economic Impact Report for the first half of 2017

Ireland Strategic Investment Fund