Oireachtas Joint and Select Committees

Tuesday, 15 July 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Annual Report 2013 and Microenterprise Policy: Enterprise Ireland

1:55 pm

Mr. Niall O'Donnellan:

The original purpose of our investment in this fund was to help it invest in our companies. It then went public and we stayed in it. We decided at a later stage that it was not investing enough in our companies and decided to withdraw what we could from the company at that point in time. However, the public value of the fund had decreased significantly.

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