IIF fund, owned by the Harel Group (managed by Yair Hamburger), Advocate Yehuda Raveh and Yaron Kastenbaum was established in September 2006. IIF is led by an experienced Investment Committee and a professional management team with a thorough acquaintance with the International and especially Israeli project finance and infrastructure markets. It is the first Israeli private equity fund specializing in infrastructure related projects and companies, specialiazing in investments in the field of infrastructure, including especially energy. To date, in the field of energy the fund has invested in the purchase of 20% of the Dalia Energy IPP and has led a consortium of institutions to purchase 8.6% of the shares of EMG.