Northern Trust has been appointed by TirNua Capital Partners to provide fund administration, depositary, and banking services for the firm's inaugural infrastructure fund. The fund recently secured €340 million in commitments at its first close and is dedicated to financing projects that support the transition to a low-carbon economy, with a primary focus on Ireland and other OECD markets. TirNua, a Dublin-based private markets manager, is an independent joint venture between Irish Life Investment Managers and a global private markets firm. The fund plans to target various infrastructure sectors, including renewable power, energy efficiency, clean transportation, and renewable fuels. Northern Trust will support the fund throughout the investment lifecycle, providing a full suite of asset servicing solutions as TirNua works to deploy capital into critical infrastructure projects that promote sustainable economic growth.
Northern Trust CorporationAppointed to provide fund administration, depositary, and banking services for a new €340M infrastructure fund.
Secured €340 million in commitments at first close for its inaugural infrastructure fund.