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Dáil Éireann Debate, Wednesday - 15 September 2021

Wednesday, 15 September 2021

Questions (276)

Alan Farrell

Question:

276. Deputy Alan Farrell asked the Minister for Finance the status of the Ireland Strategic Investment Fund; the details of investments made to date in 2021, in tabular form; and if he will make a statement on the matter. [43437/21]

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Written answers

The NTMA have informed me that ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting. 

The latest report available on the ISIF website sets out an ISIF performance update up to the end of June 2021 and incorporates an economic impact report for 2020.

The high level messages from the latest report are be summarised in the following bullets as:  

- Strong ISIF Portfolio investment return of +5.2% during the first half of 2021 with over €450M in investment gains and over €2.2bn since inception in December 2014.

- ISIF made 10 investments during the first half of 2021 bringing total ISIF commitments to €5.2bn across 151 investments (further detail is on page 7 of the latest ISIF report).

ISIF's H1 2021 update which was published on the ISIF website on 7 September 2021 is accessible by following the below URL link:

isif.ie/uploads/publications/070921H120201-Performance-and-FY2020-update-published.pdf

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