The Ireland Strategic Investment Fund (ISIF) is a sovereign wealth fund established in 2014. It was created as a successor to the National Pensions Reserve Fund (NPRF) with the primary objective of investing in sectors that support economic activity and employment in Ireland. The fund is managed by the National Treasury Management Agency (NTMA), an independent agency that manages assets and liabilities on behalf of the Irish government.
The ISIF has a unique "double bottom line" mandate, which means it seeks to achieve both a financial return on its investments and a positive economic impact in Ireland. The fund invests across a wide range of sectors, including infrastructure, real estate, energy, agriculture, technology, and healthcare. It supports both direct investments in companies and investments through funds managed by third-party managers.
The ISIF is designed to be a long-term and patient investor, providing flexible capital solutions to support the growth and development of Irish businesses. Its investment approach is focused on strategic sectors that have the potential to generate significant economic benefits, such as job creation, increased exports, and innovation.
In addition to its investments, the ISIF also plays an active role in supporting the development of the Irish economy by collaborating with other government agencies, industry groups, and international partners. This includes participating in initiatives aimed at attracting foreign investment, promoting the growth of Irish companies, and fostering innovation and entrepreneurship.
The ISIF had a total asset value of approximately €11.5 billion, with a diverse portfolio of investments across various sectors and asset classes. The fund's performance is regularly reviewed by the NTMA, and its investment activities are subject to oversight by the Irish government and the European Commission.
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