Following the financial reconstruction of the oil company N1 in 2010, the EFI acquired a 15.8% share in the company in September 2011 for just under 1700 million ISK. In June 2012, the fund added another 29% share, previously owned by Arion Bank, purchased for 3.154 million ISK. After further organisational changes and its registration on the Icelandic stock market, its shares were sold by the end of year 2013 and mid-year 2014. FSÍ sold its share in N1 for over 7.5 billion ISK.

Investment Profit:                             Over 2.7 billion ISK
IRR:                                                     25.2%
Total Return:                                      55.2%