Tuesday, 10 June 2014

Questions (149)

Peadar Tóibín

Question:

149. Deputy Peadar Tóibín asked the Minister for Finance further to his announcement of 15 May 2014 if he will provide the monetary figure allocated from the National Pensions Reserve Fund to the fund established with China Investment Corporation; and if he will provide details of the administration and allocation of the moneys. [24445/14]

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Written answers (Question to Finance)

In January 2014 the National Pensions Reserve Fund (NPRF) announced the establishment of the China Ireland Technology Growth Capital Fund, capitalised at $100 million with equal commitments from the NPRF and China Investment Corporation (CIC).  The Fund's strategy will be to make minority equity investments in fast-growing technology companies and will target companies operating in core technology sectors such as internet, software, semiconductors and clean technology and areas of technology for which the Fund's strategy is uniquely positioned, including but not limited to agriculture, food, medical and financial services.

Parties seeking to access funding from the NPRF/ISIF are invited to contact the NPRF Unit at vcfunds@nprf.ie.  Alternatively, contact detail for the fund is set out:

Elaine Coughlan, Atlantic Bridge

Ph: +353 (0)1 6034450