The Ireland Strategic Investment Fund (ISIF), part of the National Treasury Management Agency (NTMA), has announced it will commit up to €140m as a cornerstone investor in a major new climate action fund.
The fund has been set up by TirNua Capital Partners (TirNua), an independent, employee-managed private markets investment manager. ISIF has led the investment round in TirNua’s climate action infrastructure fund to accelerate its €2bn climate action investment programme and to continue to act as a catalyst for leveraging additional co-investment from other investors into Irish businesses and projects.
Commenting David O’Brien, TirNua CEO described the fund as “a first-of-its-kind private markets platform focused on Ireland’s energy transition […] represent[ing] an exciting new way for investors to channel long-term capital into the projects that have the potential to positively shape Ireland’s future.”
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