Isif pumps €140m into new private rental fund

Isif pumps €140m into new private rental fund

Ireland’s sovereign wealth fund has pumped €140 million into a new fund dedicated to boosting Ireland’s private rental stock.

The Ireland Strategic Investment Fund (Isif) capital has been committed to the Irish Residential Property Fund, a new fund overseen by Irish Life Investment Managers (ILIM), which controls €88 billion in assets globally.

The fund was created by Irish Life in 2018, and is focused on the construction and long-term hold of residential properties for rent.

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