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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Ireland: State investment vehicle to have EUR6.4bln fund

Posted on 14 June 2013

A new State-run investment vehicle will have access to €6.4 billion from the National Pension Reserve Fund, according to the Government. The Ireland Strategic Investment Fund, which is set to be established under the NTMA (Amendment) Bill 2013, will be tasked with investing in areas of “strategic importance” to the country, with a particular emphasis on economic growth and job creation.
To facilitate this a new Bill will allow for money currently in the pension reserve fund to be invested in commercial projects in Ireland. Ministers Michael Noonan, Brendan Howlin and Pat Rabbitte, along with Minister of State Fergus O’Dowd, today gave more detail on the new fund as well as changes set to be made within the NTMA………………………………………..Full Article: Source


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