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Sovereign Wealth Funds Briefing - Categorized | Investment

Bruton says National Pensions Reserve Fund to invest $37.5mln in US Sofinnova Ventures funds

Posted on 16 March 2012

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD made an an announcement on a $37.5m investment under the Innovation Fund Ireland programme in Sofinnova Ventures.
Sofinnova Ventures is said to be “one of the premier US healthcare venture capital funds, recently raising their eighth fund, a $440M vehicle focused solely on life sciences,” and the fund will be establishing a presence in the Irish Market. Enterprise Ireland has committed $25 million to the Fund, alongside a commitment of $12.5 million by the National Pensions Reserve Fund………………………………………..Full Article: Source


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