Oireachtas Joint and Select Committees

Thursday, 21 July 2016

Public Accounts Committee

2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015

9:00 am

Mr. Conor O'Kelly:

Direct equity is a small component of our overall strategy. That would be the highest risk strategy for us to take to directly invest in a single company as an equity investor. That will definitely be a small bucket even at the end of the day. We are more likely to invest in platforms and funds where we are getting co-investors in rather than directly, which is representative of the other areas. So the real estate is the activate fund that I talked about earlier. The food and agri side does not include the MilkFlex fund which has been added since then. That is the reason for that.