State pumps €60m into London fund to support Irish businesses

Exponent’s new fund will support Irish firms as part of its growing activity here, which included the deal to buy Galway-based Chanelle Pharma

Jacqueline Flynn operations director at Exponent Private Equity

The state’s sovereign wealth arm has invested €60 million into a new investment fund launched by Exponent, the London-based private equity group.

The Ireland’s Strategic Investment Fund (Isif) said it has invested in Exponent’s new fund has it supports its goal to help grow and scale indigenous Irish businesses.

The British private equity firm has been investing in Ireland for many years and has deployed over €1 billion in 12 Irish businesses.

The group’s most ...