Noy Fund was established in May 2011 through the initiative of its anchor investors, Poalim Capital Markets (a member of the Poalim group) and the Clal Group, two of Israel’s leading investment groups. The Fund's managers enjoy the strong support of the local capital markets, raising over US$1100 million from many of Israel's largest institutional investors, to the fund and to co-investment vehicle.

Over the past two decades the Noy Fund team members have been involved in almost every large scale infrastructure project executed in Israel and have had a significant contribution to the development of the project finance practice in Israel.

The experience gained and relationships formed by Noy Fund's team uniquely positions it to invest and manage projects in the infrastructure sector.