ISIF to inject €50m into venture capital firms led by women

Just 5 per cent of managing partners in European investment firms are female, compared to 15 per cent in the US

Nick Ashmore, director of the state investment fund, said greater female participation was needed at senior levels in the finance industry

The Ireland Strategic Investment Fund (ISIF) has set aside €50 million to invest in female-led private equity and investment firms over the next two years. The state’s sovereign wealth fund said it hopes to incentivise the growth of new and existing female-led firms through the initiative.

Just 5 per cent of the managing partners in European venture capital firms are women, compared to 15 per cent in the US. ISIF believes its new dedicated fund ...