Irish Life Investment Managers

What Irish Life Investment Managers does

Irish Life Investment Managers (ILIM) is a Dublin-headquartered institutional asset manager founded in 1939, operating as a subsidiary of Great-West Lifeco within the Keyridge Asset Management platform formed in November 2025. ILIM manages investment solutions for Irish defined benefit and defined contribution pension schemes, domestic and international life and general insurance companies, and retail investors accessed via financial intermediaries. Core capabilities span indexation, quantitative strategies, liability-driven investing (LDI), active fixed income, alternatives (infrastructure, trend-following, alternative credit, insurance-linked bonds), and property (Irish commercial, Irish residential, and European real estate funds). The firm operates Summit Funds (UCITS/AIFs), Beresford Funds ICAV, and Beresford Lux SICAV as multi-jurisdictional fund vehicles, with products classified as Article 8 under SFDR.

ILIM's investment platform is anchored by a proprietary multi-asset portfolio modelling framework featuring statistical bootstrapping for extreme-event modelling, serial correlation analysis, dynamic correlation sampling, and tactical positioning. The quantitative research group maintains over 100 proprietary factors underpinning multi-factor equity selection, FX modelling, and dynamic asset allocation, alongside Dynamic Share to Cash and Bond-Cash sovereign fixed income models. The DB360° de-risking solution provides daily solvency monitoring with execution of de-risking steps within 24 hours of trigger points being reached, supported by an integrated back-office and regulatory reporting infrastructure for institutional clients.

The revenue model is asset-based: management fees are charged on assets under management across institutional mandates, UCITS/AIF funds, and intermediary-distributed retail products, supplemented by managed services revenue from investment administration, custody, and reporting for insurance company clients. Distribution combines direct institutional sales (DB/DC trustees, corporates, life companies) with intermediary channels (financial planners, brokers, wealth managers) and partnership fulfilment for fiduciary managers and ETF providers. Following the November 2025 Keyridge merger with Setanta and Canada Life Asset Management, ILIM operates within a €153.4 billion platform while retaining its Irish brand and Dublin headquarters.

Name

Irish Life Investment Managers

Legal name

Irish Life Investment Managers Limited

Website

https://ilim.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

101–250 employees

Short description

Irish Life Investment Managers is a Dublin-based institutional asset manager, founded in 1939, serving Irish pension schemes, life and general insurance companies, and intermediary-distributed retail investors across indexation, quantitative, LDI, fixed income, alternatives, and property strategies within the Great-West Lifeco / Keyridge platform.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Insurance Carriers (5241)

SIC

Investment Advice (6282)

akta.pro primary industry

OCIO Providers (Outsourced CIO) (FSAAAGAH)

akta.pro secondary industries

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI), Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG), Equity Income/Dividend Strategies (Active) (FSAAAIAJ)

Keywords

• Institutional asset management
• Pension fund management
• Liability-driven investing
• Multi-asset portfolio solutions
• Responsible investment strategies

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: ILIM generates revenue through asset management fees charged on assets under management across its range of institutional and retail funds. Fees are typically based on AUM percentages and vary by fund type and strategy complexity.
2. Fund Management Services: Management of UCITS funds, Alternative Investment Funds, and Irish Life Fund range. Revenue derived from annual management charges on fund assets.
3. Investment Management and Administration Services: Full end-to-end investment management and back-office services for life and general insurance companies, including administration, financial reporting, and custody solutions.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Irish Life Investment Managers (ILIM) provides institutional investment management services across a range of asset classes including indexation, quantitative strategies, liability-driven investing, fixed income, alternatives, and property. The firm manages assets on behalf of Irish pension funds, life and general insurance companies, corporate clients, and retail investors through financial intermediaries, with operations dating back to 1939.

Product overview

Irish Life Investment Managers (ILIM) operates as an investment management platform offering a comprehensive suite of investment capabilities including Indexation, Quantitative Strategies, Liability-Driven Investing (LDI), Fixed Income, and Alternatives. The firm manages multiple fund ranges including Summit Funds (UCITS and AIFs), Beresford Funds ICAV, and Beresford Lux SICAV. Client solutions span Defined Benefit (DB) pension solutions, Defined Contribution (DC) solutions, Life Companies, Distribution Partners, and Retail Solutions. ILIM also manages property investments including Irish Commercial Property, Irish Residential Property (through the Irish Residential Property Fund), and European Real Estate (through the European Real Estate Fund). The firm recently launched the €260m Emerging Markets Climate Transition Fund in partnership with Aon. All offerings are classified as Article 8 under SFDR for responsible investing disclosure purposes.

Differentiator

Problem solved

Functional benefit

Products and services

• Indexation

Quantifiable outcome

• Manages €30+ billion in multi-asset portfolios
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Great-West Lifeco (Parent Company)coreOthers · 1 November 2025Great-West Lifeco merged its European asset management divisions (Irish Life Investment Managers, Setanta Asset Management, and Canada Life Asset Management) to establish Keyridge Asset Management, a €153.4 billion UK-based asset manager headquartered in Dublin with Patrick Burke as CEO. The brands Irish Life Investment Managers and Setanta continue operating in Ireland.
• Canada Life Investment Management LtdcoreStrategic or Co-development Partner · 1 October 2025Following the merger involving parent companies, ILIM assumed sub-advisory responsibilities for several Canada Life Mutual Funds including the Canada Life Global All Cap Equity Fund, Canada Life International Value Fund, and a portion of the Canada Life Global Equity and Income Fund. No changes to investment teams, objectives, risk ratings, or investment strategies of affected funds.
• National Automatic Enrolment Retirement Savings Authority (NAERSA)coreStrategic or Co-development Partner · 1 May 2025Irish Life Investment Managers has been selected as a preferred bidder for investment management services under Ireland's Automatic Enrolment (AE) Retirement Savings System. The scheme, delayed to January 2026, is expected to cover up to 800,000 workers and reach €21 billion in assets under management within 10 years.
• Aon IrelandcoreStrategic or Co-development Partner · 1 February 2025Irish Life Investment Managers partnered with Aon Ireland to launch a €260m Emerging Markets Climate Transition Fund, integrated into the Aon Multi-Asset fund range. The fund enables Irish investors to support the transition to a low-carbon economy by investing in companies contributing to climate action and UN Sustainable Development Goals across emerging markets globally. With this launch, total assets invested across Aon Ireland's climate transition strategies exceed €1 billion.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Aon: Global investment consultant and fiduciary manager that is both a distribution partner (Aon Ireland climate funds) and indirect competitor for institutional mandates. Competes for outsourced CIO mandates through Aon Investments.
• State Street Global Advisors: One of the world's largest asset managers and a major institutional indexation provider globally. Competes with ILIM in passive index equity and ETF mandates for Irish pension schemes; several ILIM executives previously worked at SSGA.
• Aberdeen (abrdn): Global asset manager with strong UK/Ireland presence in multi-asset, fixed income, and ESG strategies. ILIM's Head of Stewardship was previously Global Head of Stewardship at Aberdeen Standard Investments, indicating talent flow and direct competition.

Direct peers

• Willis Towers Watson (WTW): Global investment consulting and delegated investment solutions provider. Competes with ILIM in DB de-risking mandates and multi-asset solutions; multiple ILIM executives previously held roles at WTW in actuarial and investment consulting.
• Aviva Investors: UK-headquartered investment manager of Aviva plc insurance group, offering similar integrated investment solutions for DB pensions, DC schemes, and insurance general accounts. Several ILIM team members previously worked at Aviva Investors.
• Legal & General Investment Management: Largest UK-headquartered institutional asset manager, identified alongside ILIM as one of the two leading managers of Irish institutional assets in the IPE survey. Competes directly with ILIM in LDI, DB de-risking, and DC default fund mandates across Irish pension schemes.
• Setanta Asset Management: Irish institutional asset manager that merged with ILIM in November 2025 to form Keyridge Asset Management. Historically a direct competitor in Irish equity, fixed income, and multi-asset mandates for pensions and insurance companies.
• Mercer: Global investment consultant and institutional asset manager named alongside ILIM as one of the top three managers of Irish institutional assets. Competes for DB and DC scheme mandates and offers similar outsourced investment management services to Irish corporate pension clients.
• Canada Life Asset Management: UK and European asset management arm of Great-West Lifeco, merged with ILIM to form Keyridge. Provides similar institutional asset management capabilities with focus on fixed income, multi-asset, and DC solutions for UK pension market.

Regional players

• New Ireland Assurance: Irish life insurance and pensions provider, Bank of Ireland group subsidiary. Operates as both potential client and indirect competitor in retail investment solutions distributed through Irish intermediaries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/irish-life-investment-managers

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Irish Life Investment Managers