Northern Gulf Advisors, a wholly-owned subsidiary of NGP, manages Iraq Investment Partners I (IIPI), the first Iraq-only pooled investment vehicle.

IIPI was launched as a Delaware LP in March, 2009; a Bermuda-based vehicle for non-US investors was launched in May, 2011. The two funds operate together within a master-feeder structure.

IIPI (Bloomberg code: IRAQIPI US) is a long-only equities fund that focuses on the ISX, the stock exchange in Baghdad.