McCann FitzGerald LLP advises TirNua on the establishment of their new private markets business and the formation of their first fund

We were delighted to partner with the TirNua team on the establishment of their new private markets business and the formation of their first fund.

The fund will invest in growth-stage infrastructure for a low-carbon future and in sectors critical to decarbonisation and resilience. At least 60% of the fund's investments are expected to support Irish-based businesses and infrastructure projects.  A total of €340m has been committed to the fund by cornerstone investors, ISIF, Canada Life and Irish Life.  The investment focus of the fund will include renewable power, energy efficiency, renewable fuels, clean transportation, and other supporting infrastructure.

The cross-departmental McCann FitzGerald team was led by Mark White (Asset Management and Investment Funds), Ben Gaffikin (Corporate and M&A), Eleanor MacDonagh and Deirdre Barnicle (Tax), Andrew McGovern and Eada Hogan (Asset Management and Investment Funds) and Tim McGuinness  and Lauren Deegan (Corporate and M&A).

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