ISIF approves €16 million commitment

The Irish sovereign wealth fund has committed to Beechbrook's debut Ireland-focused SME credit fund.

Institution: Ireland Strategic Investment Fund
Headquarters: Dublin, Ireland
AUM: €17.30bn
Bitesize: €10-50m

Ireland Strategic Investment Fund (ISIF) has committed €16 million to Beechbrook Capital’s Ireland SME Credit Fund, according to a report on the sovereign wealth fund’s website. ISIF has conditional approval to increase its commitment to the fund to €20 million, dependent upon the firm’s fundraising efforts.

As illustrated in the charts below, this is ISIF’s first commitment to a private debt fund since it committed to 2013 vintage BlueBay Ireland Corporate Credit Fund I.

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