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Investment Limited Partnership
Investment Limited Partnership
Following recent legislative change in Ireland, the Investment Limited Partnership (“ILP”) structure in Ireland offers international investment managers a flexible fund structure suited most particularly to the bespoke investment space including the private equity and real assets sectors.
The Key Features and Benefits of the Irish Investment Limited Partnership are:
Regulated EU AIF;
Tax transparent for Irish tax purposes
Offers standard Private Equity/Real Assets fund features including but not limited to:
- closed-ended/finite life
- capital accounting, commitments, capital contributions and drawdowns
- excuse and exclude provisions
- defaulting investor provisions
- distribution waterfalls and carried interest
- advisory committeeClear statutory provisions around LP limited liability;
With an authorised AIFM, an ILP can be passported to market to professional investors in EU. Otherwise, may be sold in relevant EU Member States under national private placement rules (where available);
Requires an AIFM but AIFM can be EU authorised, Irish registered (sub-threshold) or Non-EU, each with differing sales capacities;
Inward/outward migration capacity;
Real Assets Depositary option available;
Can be an umbrella with segregated liability between sub-funds.
If you have any questions or queries in relation to the Irish ILP please feel free to contact any of the key contacts highlighted on this page or your usual Dillon Eustace contact.
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Key Features of the Irish Investment Limited Partnership
A user-friendly overview of the ILP, designed to provide managers and their legal counsel with an introduction to the Irish construct.
Read more here)
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