Step 1: Inverse of the function.
We are asked to find the inverse of the function for \( f(x) = x^2 + 1 \). The inverse function will not produce any negative values, as \( f(x) \) is always greater than or equal to 1.
Step 2: Conclusion.
Thus, \( f^{-1}(-5) = \emptyset \).
Final Answer:
\[
\boxed{\emptyset}
\]