Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion (Resumed)

Mr. Pat Leahy:

-----in terms of its engagement for Ireland. It has proved useful in investing in areas, bringing other investors on board and bringing kind of commingling investment in. It has quite a good track record in its ability to bring people on board to have a circa €8.5 billion between the domestic fund and the foreign fund. It also has the €6 billion sitting in the direct investments. Regarding the non-direct investments, there is an important role for the Ireland Strategic Investment Fund in its engagement with the Irish economy. It has proved useful in engaging, in particular, in long-term investment-----

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