TirNua has announced that the Ireland Strategic Investment Fund (ISIF), part of the National Treasury Management Agency (NTMA), has committed €140 million ($163 million) as a cornerstone investor in its major new energy transition-focused infrastructure fund.
TirNua is an independent, employee-managed private markets investment manager formed between ILIM and Northleaf Capital Partners, a global private markets investment firm that specializes in infrastructure, private equity and private credit.
With €340 million ($395 million) of initial commitments, the first vehicle under the TirNua platform will primarily invest in infrastructure assets that TirNua believes will support energy-transition efforts in Ireland, with at least 60 percent of the fund’s investments expected to support Irish-based businesses and infrastructure projects. The fund’s investment focus will include renewable power, energy efficiency, renewable fuels, and clean transportation.
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