News

Dillon Eustace was delighted to be involved in the launch of Adit Global Growth, ILP which was authorised by the Central Bank of Ireland as a closed-ended investment limited partnership on the 8^th February, 2022.

Dillon Eustace partner Colman O’Loghlen, and solicitors, Eva Shine and Barry O’Reilly advised Adit Ventures on the launch. The ILP was authorised under the new legislative and regulatory regime introduced by the Investment Limited Partnership (Amendment) Act 2020 which came into force in early 2021. As a Qualifying Investor AIF, the ILP benefitted from the Central Bank of Ireland’s 24 hour authorisation process, demonstrating that a regulated Irish partnership structure can be brought to market quickly and efficiently. JTC Group companies Ballybunion Capital Limited and INDOS Financial, and Apex Fund Solutions (Ireland) Limited will provide AIFM, depositary and administration services to the ILP, respectively.