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Ireland Strategic Investment Fund ISIF 2.0...An Introduction
Press Pack
Presentation by Eugene O'Callaghan, Director, ISIF
Ireland Strategic Investment Fund ISIF 2.0...An Introduction Press - - PowerPoint PPT Presentation
Ireland Strategic Investment Fund ISIF 2.0...An Introduction Press - - PowerPoint PPT Presentation
Ireland Strategic Investment Fund ISIF 2.0...An Introduction Press Pack Presentation by Eugene O'Callaghan, Director, ISIF ISIF 2.0...AN INTRODUCTION Eugene O'Callaghan Director, ISIF ISIF 1.0 (2015 to 2018) ISIF 2.0 (2019 onwards)
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ISIF 1.0 (2015 to 2018) ISIF 2.0 (2019 onwards) Thinking in decades & making a difference
“Invest on a commercial basis to support economic activity and employment in Ireland”
Commercial Returns Economic Impact
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ISIF 1.0 – Outcomes
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ISIF 2.0…
ISIF 2.0 as a “Strategic” investor
- Leveraging co-investment
- Flexible, long term, sovereign investment partner
- Seeking to drive balance, quality and sustainability in the Irish economy
ISIF 2.0 - focused on 5 Priority Themes
- Guided by Project Ireland 2040
- Priority Themes: Regional development, Housing, Indigenous Businesses, Climate Change, Brexit
- Connectivity Fund sub-portfolio
- Flexibility for other compelling national level opportunities
- Aligned with Government policies,
P P P
Thinking in decades & making a difference
“Double bottom line” mandate remains unchanged
- Governance and management unchanged
- Reduced fund size €5.4bn
- Significant investment capacity €500m pa +/-
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ISIF 2.0… Priority Themes
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Regional Development
Enabling investment
- Infrastructure, urban regeneration etc
Aligned with Project Ireland 2040
- Regional partnerships
€500m-€750m regional, commercial investment programme
Enabling the Regions Regional Businesses
Investment in regional businesses
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Housing
Focused on starter homes and mass market units
- Will seek to invest in social and affordable housing where
commercially possible Strategy: apply ISIF capital to fill gaps 1. Unlocking land 2. Build for sale 3. Long term rental
25,000 houses by 2025 ISIF’s Housing Strategy
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Indigenous Businesses
ISIF will increase direct investment (debt & equity) to support scaling and internationalisation Assist in developing next wave of larger scale indigenous businesses to compete internationally Support scaling of 100 indigenous businesses Venture and early stage investments will be aimed at developing a candidate pool
Directly for larger amounts Use platforms to maximise impact for SMEs
&
Competing internationally Scale up to 100 indigenous businesses over 5 years
- Broad range of sectors
- Food & Agriculture, Technology and Health in
particular
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Climate Change
Contribute to Ireland’s future 2030 EU Renewable Energy targets by making investments to deliver substantial carbon reduction State market support regimes an important factor
Food & Agri. Sector Renewable Transport Renewable Electricity Renewable Heat
Decarbonisation – reduction, mitigation and efficiency ISIF will measure and monitor carbon where possible across its entire portfolio. Possible opportunities in … 1. Renewable Electricity 2. Renewable Transport 3. Food & Agri Sector 4. Renewable Heat
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Brexit
Commercial investment to support long-term diversification and resilience of businesses in Ireland that have substantial UK exposures Brexit strategies for threatened businesses:
- Exchequer/Agencies: short term financial support.
- ISIF: long term investment in markets and product
diversification. ISIF’s Brexit Strategy
Market Diversification Product Diversification Long term capital for businesses Loan funds for specific sectors Connectivity Emerging markets diversification
Dependent on outcome of current Brexit process in UK Possible physical connectivity investments
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Eugene O'Callaghan
Director T +353 1 238 4066 E eocallaghan@ntma.ie
Fergal McAleavey
Senior Investment Director Private Equity & Venture Capital T +353 1 238 4432 E fergal.mcaleavey@ntma.ie
Kieran Bristow
Senior Investment Director Investment Strategy & Residential Housing T +353 1 238 5058 E kieran.bristow@ntma.ie
Cathal Fitzgerald
Senior Investment Director Food & Agriculture T +353 1 238 5017 E cathal.fitzgerald@ntma.ie
Saoirse O’ Connor
Investment Director Portfolio Monitoring T +353 1 238 5063 E saoirse.oconnor@ntma.ie
Donal Murphy
Senior Investment Director Infrastructure Investments T +353 1 238 4934 E donal.murphy@ntma.ie
Mikael Langstom
Investment Director Risk & Portfolio Analytics T +353 1 238 4231 E mlangstrom@ntma.ie
Paul Saunders
Senior Investment Director Innovation T +353 1 238 5049 E paul.saunders@ntma.ie
info@isif.ie www.isif.ie @ntma_ie LinkedIn