NPRF Welcomes the First Investment by Irish Infrastructure Fund
According to the press release, “The National Pensions Reserve Fund has welcomed today’s announcement of the first investment by the Irish Infrastructure Fund (IIF) following its acquisition of a majority stake in a portfolio of wind farms from Viridian Group.
Speaking today, NPRF Commission Chairman Mr. Paul Carty said: “This is an important first investment by the IIF, establishing it as a major new investor in Irish infrastructure and bringing liquidity to the market. Transactions that enable vendors to recycle their capital into further investment, in this case in the renewable assets sector, are essential to the development of the infrastructure market in Ireland.”
The NPRF’s commitment to the IIF is part of the development of the Strategic Investment Fund which will comprise a number of funds focused on sectors of strategic importance to the Irish economy including infrastructure, financing for SMEs and venture capital. The NPRF, as a commercial and cornerstone minority investor in these funds, will act as a catalyst for attracting third-party investors thereby increasing the size of the overall investment in the Irish economy.”
Read more: Press Release
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