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Northern Ireland Growth Fund pitches Connecticut pension investment modeled on New York
Summary
Representatives from the Northern Ireland Growth Fund and Crescent Capital described a proposed £100 million development capital fund targeting the six counties of Northern Ireland and six adjacent border counties and asked the Connecticut commission to explore meeting state investment officials about co-investment opportunities.
Representatives of the Northern Ireland Growth Fund and Crescent Capital asked the Connecticut-Ireland Trade Commission to consider exploring pension-fund investment into a development capital fund that targets Northern Ireland and adjacent Irish border counties.
Colin Walsh, CEO of Crescent Capital, described the fund as “a £100,000,000 development capital fund” to be run from Belfast and said the target area includes the six counties of Northern Ireland and the six border counties in the Republic of Ireland (Donegal, Cavan, Monaghan, Leitrim, Louth and Sligo). He said the combined population of the target area is “coming up on 2.5…
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