ISIF approves €140m commitment

The Irish sovereign wealth fund has backed a residential-focused real estate fund.

Institution: Ireland Strategic Investment Fund
Headquarters: Dublin, Ireland
AUM: €8.80bn
Allocation to alternatives: 1.0%
Bitesize: €50-100m

Irish Strategic Investment Fund (ISIF) has agreed to commit €140 million to Irish Residential Property Fund, according to a press release on ISIF’s website. The fund is managed by Irish Life Investment Managers.

As illustrated in the charts below, the Irish sovereign wealth fund focuses its real estate investments on residential and office property, with these investments generally being domestically-focused.

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