McCann FitzGerald advises on the establishment of new Irish Infrastructure Investment Fund
10 November 2011
We advised Irish Life Investment Managers Limited on the establishment of the "Irish Infrastructure Trust" and obtained regulatory authorisation for this vehicle, as a Qualifying Investor Fund, from the Central Bank of Ireland. The Irish Infrastructure Trust is a significant new investment fund which will invest in state assets which are being sold by the Government and also in new infrastructure projects in Ireland. ILIM is seeking up to €1 billion of investment into the Fund from institutional investors. The National Pension Reserve Fund (NPRF) has committed to investing a quarter of a billion euro in the Fund and other investment commitments of €50 million have also been received. AMP Capital will act as specialist investment manager to the Fund.