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Ireland Strategic Investment Fund

Fund of fund · Founded 2014 · Dublin, Ireland

#188 LP Ranking #26 of 264 funds of funds

Investing on a commercial basis to support economic activity and employment in Ireland

Website ↗LinkedIn ↗X / Twitter ↗
122 VC firms backed
$15B AUM
~$750M Allocated to VC (est. 5%)
01 · Background

Who Ireland Strategic Investment Fund is.

Historical Background
The Ireland Strategic Investment Fund (ISIF) was established in 2014, managed and controlled by the National Treasury Management Agency (NTMA). It was created following the dissolution of the National Pensions Reserve Fund (NPRF), with the legislative framework provided by the NTMA (Amendment) Act 2014.
Source of Capital
ISIF is a sovereign development fund, meaning its capital originates from the Irish government. The fund's initial capital came from the assets of its predecessor, the National Pensions Reserve Fund.
Major Events
The most significant event in ISIF's history is its formation from the National Pensions Reserve Fund (NPRF). The NPRF's mandate was changed, and its assets were transferred to establish ISIF with a new focus on domestic investment.
Allocation Strategy
ISIF's mandate is to invest on a commercial basis to support economic activity and employment in Ireland. The fund invests across various asset classes, including private equity, venture capital, and infrastructure, with a clear preference for opportunities within Ireland. A key strategic priority for ISIF is supporting the transition to a low-carbon economy, with significant capital pledged to climate and green technology businesses. The fund also aims to attract additional private investment into its portfolio companies.
Sources
02 · Fund commitments

The funds Ireland Strategic Investment Fund backs.

Ireland Strategic Investment Fund is a limited partner in 122 funds. 10 of them place in the Power Law Investor Ranking; those lead, best-ranked first.

New Enterprise Associates
United States
#8 Power Law
Insight Partners
United States
#23 Power Law
Threshold Ventures
United States
#115 Power Law
ARCH Venture Partners
United States
#124 Power Law
TPG
United States
#158 Power Law
Summit Partners
United States
#168 Power Law
Polaris Partners
United States
#181 Power Law
Greenspring Associates
United States
#197 Power Law
SOSV
United States
#318 Power Law
Frontline Ventures
Ireland
#450 Power Law
Abingworth
United Kingdom
Act Venture Capital
Ireland
03 · Allocation

How Ireland Strategic Investment Fund’s fund book is spread.

The 122 funds Ireland Strategic Investment Fund backs, by where the manager is headquartered and how many funds that manager has raised.

Where those managers are based

By fund headquarters, across the 121 of 122 with a location on record.

  • Europe 6755%
  • North America 4940%
  • Rest of world 54%

United States 46 · United Kingdom 30 · Ireland 27 · Canada 3

How established those managers are

Managers grouped by how many funds they have raised — across the 85 of 122 with a fund history on record.

Emerging funds · 43
Established funds · 42
20 1
10 2
13 3
9 4
9 5-6
9 7-9
11 10-14
4 15+
Funds raised by the manager
04 · Direct investments

The companies Ireland Strategic Investment Fund backs directly.

Ireland Strategic Investment Fund holds 60 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Ireland41
  2. USA12
  3. UK8
  4. Canada1
  5. Finland1
By sectorCount
  1. Real Estate12
  2. Energy9
  3. Health9
  4. Fintech8
  5. Enterprise Software6
  6. Transportation6
  7. Food4
  8. Marketing3
  9. Telecom2
  10. Travel2
  11. Fashion1
  12. Home Living1
By stage enteredCount
  1. Series B+13
  2. Series A6
By growth stageCount
  1. Breakout Stage22
  2. Late Growth16
  3. Early Growth15
  4. Mature10
05 · Portfolio market map

Inside Ireland Strategic Investment Fund’s portfolio.

The 60 highest-funded portfolio companies, of 20 tracked.

Stripe
Fintech · Centicorn
$159B
Kaseya
Enterprise Software · Unicorn
$1.8B
Genuity Science
Health
$100M
Vectra
Security · Unicorn
$1.2B
InsideSales
Marketing · Unicorn
$1.5B
Advanced Manufacturing Control Systems
Energy
$198M
Fire1 | Norm.
Health
$480M
ALX Oncology
Health
$162M
ProVerum
Health
$320M
UrbanVolt
Energy
$306M
Manna Drone Delivery
Robotics
$200M
Nautilus Data Technologies
Enterprise Software
$153M
Cubic3
Telecom · Unicorn
$1.0B
Equal1
Semiconductors
$240M
Aqua Comms
Telecom
$100M
Swrve
Marketing
$88M
Ocuco
Health
CropX
Food
$150M
CameraMatics
Transportation
$216M
Staycity
Travel
Genomics Medicine Ireland
Health
$160M
Finance Ireland Limited
Fintech
$132M
Mainstay Medical
Health
$47M
Investec
Fintech
CitySwift
Transportation
$31M
ATA Group
Ireland
Encyclis
Energy
Summix
Real Estate
Bartra
Real Estate
Port of Cork
Ireland
Niche Living
Home Living
Shamrock Renewable Products
Energy
Dublin Waste to Energy
Energy
ClonBio
Energy
D/RES Properties
Real Estate
Kilkenny Cheese
Food
Housing Infrastructure Services Company
Real Estate
Emerald Airlines
Ireland
Kilkenny Abbey Quarter
Real Estate
GENESIS
Transportation
The Shannon Airport Group
Real Estate
Panelto Foods
Ireland
Green Generation
Ireland
Octopus Energy Generation
UK
Gore Street Energy Storage Fund
Energy
$362M
Green Isle Foods
Food
Urbeo Residential
Real Estate
Timbercreek Financial
Real Estate
$777M
Equitix
Real Estate · Unicorn
$1.7B
Chanelle Pharma
Health
West Cork Distillers
Food
Irish Life Investment Managers
Fintech
NTR
Energy
Guinness Enterprise Centre
Real Estate
Fexco
Fintech
DAA
Transportation
Aer Lingus
Travel
Ardstone Homes
Fintech
Greencoat Renewables
Energy · Unicorn
$2.4B
Dasos Capital
Finland
06 · Portfolio founders

Where Ireland Strategic Investment Fund’s portfolio founders come from.

34 founders across the 63 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States16
  2. Ireland14
  3. United Kingdom3
  4. South Africa1
UniversityCount
  1. Trinity College Dublin4
  2. University College Dublin3
  3. Cornell University2
  4. Dublin City University2
  5. Stanford University Graduate School of Business2
  6. Technological University Dublin2
  7. Bath Spa University1
  8. Dublin Business School1
  9. Griffith College Dublin1
  10. Harvard Business School1
Previous companyCount
  1. Electronic Arts2
  2. GLU MOBILE2
  3. Novareus2
  4. PlayFirst2
  5. Texas Instruments2
  6. Amalfi Semiconductor1
  7. Analog Devices1
  8. Another Place Productions1
  9. Aruba Networks1
  10. BioInnovate Ireland1
07 · Other LPs

Other LPs.

Other funds of funds in the Power Law LP ranking, closest to Ireland Strategic Investment Fund by combined power-law score — Europe first, then the nearest worldwide.

European Investment Fund
LP rank #53 · Luxembourg
$26B AUM 334 VC funds backed
ATP Private Equity Partners
LP rank #56 · Denmark
$18B AUM 55 VC funds backed
Hamilton Lane
LP rank #115 · United States
$124B AUM 59 VC funds backed
BlackRock Private Equity Partners
LP rank #121 · United States
$70B AUM 31 VC funds backed
TIFF
LP rank #124 · United States
$10B AUM 53 VC funds backed
LGT Capital Partners
LP rank #146 · Switzerland
$100B AUM 56 VC funds backed
abrdn Private Equity
LP rank #274 · United Kingdom
$330M AUM 16 VC funds backed
KfW Capital
LP rank #276 · Germany
$3.0B AUM 71 VC funds backed