Guide to the Investment Limited Partnership: Ireland's new and Improved Option for Private Fund Sponsors
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Ireland has recently modernised its Investment Limited Partnership fund structure with the aim of providing a flexible and tailored regime able to successfully compete with limited partnership options favoured in other private fund domiciles. This briefing is a high-level overview of the structure, its key features, parties and the establishment process.
Recent reforms will take effect on 1 February to the Irish legal regime for Investment Limited Partnerships. With these reforms, Ireland now has a modern and flexible tax transparent limited partnership vehicle for private equity and other illiquid asset strategies, which compliments the successful ICAV structure. This Guide gives a high level overview on the key legal and regulatory features of the structure. We cover:
- Background
- Legal Form and Features
- Central Bank Authorisation
- Parties to the Structure
- General Partner
- Limited Partners
- AIFM and Other Service Providers
- Umbrella Fund Structures
- Migration of Limited Partnerships
- Irish Tax Regime
- Establishing a QIAIF ILP
- Snapshot of key rules for a QIAIF
Click here or on the image below to download our full briefing.
