NPRF invests in DFJ Esprit

The National Pensions Reserve Fund (NPRF) in Ireland has committed €30 million (£26.2 million) to two DFJ Esprit venture capital funds.



The National Pensions Reserve Fund (NPRF) in Ireland has committed €30 million (£26.2 million) to two DFJ Esprit venture capital funds.


The National Pensions Reserve Fund (NPRF) in Ireland has committed €30 million (£26.2 million) to two DFJ Esprit venture capital funds.


The investment forms part of the €500 million Innovation Fund Ireland initiative, which is designed to attract international venture capital fund managers to Ireland.


Paul Carty, chairman of the NPRF says: ‘These investments will form part of our private equity and venture capital allocation. They not only represent a strong commercial opportunity for the Fund but also form a robust first step for Innovation Fund Ireland in attracting high quality venture capital managers to Ireland.’


The funding will be split between the DFJ Esprit Fund III, which will receive €20 million and the DFJ Fund X, which will receive €10 million.


DFJ Esprit is a venture capital firm that invests in European technology companies and has previously backed companies such as Skype and Tesla Motors. The firm aims to increase its focus on Ireland.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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