Investment funds in Ireland

A&L Goodbody LLP

A&L Goodbody LLP's 'very responsive and knowledgeable' team has wide-ranging expertise in the structuring and establishment of all types of investment funds, as well as in large-scale corporate transactions involving fund structures. The team has further grown its experience in the ETF and money market fund space, and has extended its blue-chip client base to include a number of investors and new fund service providers entering the Irish market. The highly experienced Brian McDermott leads the team, which also includes Michael Barr, Kerill O’Shaughnessy and Laura Butler, who have particular expertise in mutual funds, UCITS funds, and real estate and private equity funds.

Practice head(s):

Brian McDermott

Other key lawyers:

Michael Barr; Laura Butler; Kerill O’Shaughnessy; Stephen Carson

Testimonials

‘The A&L Goodbody team are very knowledgeable in their respective areas and are always responsive in respect of any matters that we may wish to discuss. We find that the team are all very collegial, friendly and open in their approach, resulting in the provision of practical and commercial advice.’

‘Laura Butler and Michael Barr are deeply knowledgeable and, as importantly, have taken the time to really understand both our firm’s business and our culture. This effort means that we receive advice that is truly targeted, which is much appreciated. In our view, this investment in understanding our business also helps to reduce unnecessary legal expenses.’

‘From our initial conversation, Kerill O’Shaughnessy exhibited an unmatched combination of knowledge, work ethic and values. Our respect for Kerill has continued to grow as we work with him and his team.’

‘Fast, proactive and full of business suggestions that are tailored to the client’s needs.’

‘Kerill O’Shaughnessy is always available for his clients, has a wonderful sense of humour and can help guide other parties through difficult processes every time. A true business partner for a corporate entity to rely upon.’

‘Quite simply the best of a number of funds practices used in Ireland – very responsive and knowledgeable.’

‘Laura Butler is very switched on and an excellent lawyer, with great personal skills.’

‘Laura Butler has been excellent since we started dealing with her. She sees the relationship as very much a partnership and is always happy to jump on calls with potential new clients and understands that this approach will benefit both companies in the long run. We never feel we are on the clock when dealing with Laura.’

Key clients

Henderson Park

Aviva Investors

Goodbody Fund Management

Global Student Accommodation

Zurich Invest

HANetf

Tilney

Davy Global Fund Management

Kepler Partners

Griffin Global Asset Management

Obviam

Efficient Frontier Investing

WisdomTree

Garraway

WakeUp Capital Management

M&G

Link Fund Managers Solutions

Allied Irish Banks

Key Capital Investment Management

Lemanik Asset Management

Carysfort Capital

Optimus Capital

Gard AS

HSBC Global Asset Management

Marlborough group

DWS

Work highlights

  • Advised Henderson Park on its successful €1.34bn recommended takeover offer for Green REIT plc, and subsequently advised Henderson Park on the set-up of an ICAV to house and refinance the portfolio.
  • Acted for Global Student Accommodation on its indirect acquisition through an ICAV structure of the investment of its joint venture partner, Harrison Street Real Estate Capital, in a portfolio of Dublin student residences in a deal valued at €400m.
  • Advising HANetf on the establishment and regulatory approval of The Medical Cannabis and Wellness UCITS ETF, the first cannabis ETF established in Europe.

Arthur Cox

The sizeable team at Arthur Cox is led by the highly experienced Kevin Murphy and Tara O’Reilly, who is particularly noted for her ETF expertise. Advising on the authorisation and operation of Irish management companies is a key area of strength for the team, which has added a number of UCITS management companies and AIFMs to its impressive client roster. Recently, the practice has been particularly active advising on the creation of ESG funds. Other notable members of the team are Dara Harrington, Sarah Cunniff, who has significant UCITS experience, Ian Dillon, who focuses on alternative investments, Cormac Commins and Siobhán McBean.

Practice head(s):

Kevin Murphy; Tara O’Reilly

Other key lawyers:

Sarah Cunniff; Dara Harrington; Cormac Commins; Ian Dillon; Siobhán McBean

Key clients

Aberdeen Standard

AlbaCore

Allianz Global Investors

Alter Domus

Amundi

Alprime

Altrinsic Global Advisors

Appian

Antarctica Asset Management

Arrowstreet

Axiom

Baillie Gifford

Bank of Montreal (BMO)

BlackRock

Blackstone

Blackwall

Blue Whale

BNP Paribas

CapVest

CBRE

Channel Capital

CIFC

Citadel

Cohen & Steers

Colchester Global Investors

Core Markets

Davy

Delaware Investments

Dimensional Fund Advisors

Dodge & Cox

Eaton Vance

EG Capital

Egerton

Emerald

European Investment Fund

Federated Investors

First Trust Advisors

Formuesforvaltning AS

Global Thematic Partners

Goldman Sachs

Gramercy Asset Management

Grantham Mayo Van Otterloo & Co. LLC

Green Property Management

Gulf International Bank

HSBC

Industrial and Commerce Bank of China Limited (“ICBC”)

Intertrust

Janus Henderson

KKR

Lazard

Legg Mason

Los Angeles Capital

M&G Investment Management

MacKay Shields

Macquarie

Maitland

Nuveen

Oak Hill Advisors

Oasis Asset Management

OMIGSA

Overstone

Pillarstone

PineBridge

Platinum Asset Management

Poste Vita

Progressive Capital Partners

Rize ETF Limited

RTE Pension Fund

Schroders

Seilern

Shenkman Capital

Sigrun

Somerset

Spear Street

State Street Global Advisors (SSgA)

Stone Harbor Investment Partners

Tabula ETF

Tilden Park

Trafaltin Park

Vida

Waverton

Wells Capital Management

Western Asset

Work highlights

  • Advised Schroder Investment Management Limited on the establishment of an umbrella ICAV for money market and liquidity funds.
  • Advising Blackstone on the acquisition of Cedar Real Estate Investments plc, a real estate investment fund comprising a portfolio of Irish commercial properties valued at over €535m, from Starwood.
  • Advising both HSBC and First Trust on the conversion of a number of existing ETFs from the CREST settlement system to the ICSD settlement model to address the need to use a different settlement model post-Brexit.

Dillon Eustace

The 'very strong' and 'solution-oriented' team at Dillon Eustace counts a significant number of Irish domiciled funds among its clients, and is well known for its expertise in the alternative investment space, acting for real estate, private equity and hedge fund managers. Practice head Donnacha O’Connor has been particularly active in the establishment of private credit funds, while Brian Higgins has experience advising on ESG funds. Consultant Andrew Bates, Brian Kelliher, who is particularly experienced in fund regulation, Derbhil O’Riordan, who has notable expertise advising Cayman clients, and Cillian Bredin are also among the key contacts in the sizeable team.

Practice head(s):

Donnacha O’Connor

Other key lawyers:

Andrew Bates; Brian Dillon; Brian Higgins; Brian Kelliher; Etain de Valera; Cillian Bredin; Aisling O’Malley; Derbhil O’Riordan; Shane Coveney; Emmet Quish; Grace O’Connor

Testimonials

‘The lawyers I work with at Dillon Eustace seem to create hours in their day as it appears they sit there waiting for my emails to come in for them to then immediately action. It will forever be a wonder to me how a firm so busy, sought after, well established and highly reputable seem to turn my requests around so quickly and with such thorough and informative responses.’

‘My main contact at Dillon Eustace is Grace O’Connor. She is like a walking textbook of legalese, and is so well versed that she acts as the most comforting safety net in virtually all situations presented to her and projects brought forwards. No task is too great, no request too last minute – she will move mountains to simply help a client, and often draws upon her experiences in our industry.’

‘The team at Dillon Eustace is very strong, they have comprehensive industry experience and provide prompt and succinct direction, which is very useful given the level of change within the industry at the moment. A strength of Dillon Eustace is that it is slightly smaller than some of the bigger firms and this can assist with providing a personalised service.’

‘Grace O’Connor has deep industry knowledge which enables her to assist her clients by providing comprehensive and prompt guidance and industry updates.’

‘I have found the Dillon Eustace investment funds practice to be more solution oriented than other similar practices in Dublin. The partners and associates with whom we work are always accessible, and they have comprehensive legal, regulatory and market knowledge. In general, Dillon Eustace are a pleasure to work with.’

‘The standout partners would be Brian Higgins and Aisling O’Malley.’

‘I find Dillon Eustace to be a very smart, commercial and efficient firm to work with. They provide very good service and at a commercially reasonable/competitive price.’

‘I would point out Cillian Bredin in particular as providing excellent advice and service.’

Key clients

Angelo, Gordon, LP

Aon Hewitt

AXA Investment Managers

ANIMA

BNY Mellon Asset Management

Algebris (UK) Limited

Legal & General Investment Management

Old Mutual

Mediolanum

Odey Asset Management

Payden & Rygel

PIMCO

Swiss Capital Alternative Investments

Societe Generale

Lone Star

C-Quadrat

Polar Capital

GAM

Golden Tree Asset Management

Fiera Capital

Marshall Wace

Fidelity

DMS Investment Management Services (Europe) Limited

Tenax Capital Limited

Gamma Capital Management Ltd (UK and Iceland)

BlackRock Capital Investment Advisors  (US)

Credit Suisse

Danske Bank AG

Kayne Anderson

Pinnacle Capital Partners

Roundhill Capital

Roundshield Capital Partners

Twelve Capital AG

Trium Capital

VanEck

BNP Paribas

Portfolio Advisors

Berkshire Partners

Ambienta SGR

Avendus

Motilal Oswal Capital

DSP Investment Managers

Capital Four Asset Management

BNP Paribas London

Southeastern Asset Management Inc

Infinity Asset Management

Duff & Phelps

TOBAM

Work highlights

  • Advised Angelo Gordon on the establishment of an Irish ICAV credit fund platform.
  • Advised Ambienta SGR on the establishment of its first UCITS fund and an AIF master feeder structure in Ireland.
  • Advised Helikon Investments Limited on the establishment of a long-short equity master feeder AIF structure.

Maples Group

Advising UCITS management companies and AIFMs relocating to Ireland post Brexit is a key area of expertise for Maples Group's 'responsive' team, which has been highly active in advising leading asset managers on the establishment and authorisation of their operations in Ireland, as well as acting for an extensive roster of Irish serviced funds. The sizeable team, which also draws on the support of the Cayman and London offices, is led by Peter Stapleton, who has notable experience in the ESG and sustainable finance space. Stephen Carty and Philip Keegan are key contacts in the area of fund regulation, and the firm further expanded its financial services regulatory offering with the arrival of Lorna Smith from Matheson in January 2021. Ian Conlon and Eimear O’Dwyer are also recommended.

Practice head(s):

Peter Stapleton

Other key lawyers:

Stephen Carty; Ian Conlon; Eimear O’Dwyer; John Gallagher; Adam Donoghue; Deirdre McIlvenna; Pádraig Brosnan; Philip Keegan; Lorna Smith; Aaron Mulcahy; Ronan Cremin; Niamh O’Shea

Testimonials

‘Responsive team with deep knowledge about the Irish fund industry, and commercial questions affecting hedge funds in general.’

‘John Gallagher is very responsive and on top of industry trends. Always finds excellent commercial solutions to the most challenging issues. Highly recommended.’

‘Exceptional knowledge of the investment funds industry sector.’

‘Ian Conlon has excellent expertise, and provided excellent support in dealing with investors.’

‘Eimear O’Dwyer is a leader in her field.’

Key clients

Amundi Ireland Limited

Neuberger Berman

HarbourVest Partners (Ireland) Limited

Sagard Holdings

Kepos Capital

Brilliance Asset Management

8F Aquaculture ICAV

Starz Real Estate

Domain Capital ICAV

Selwood Asset Management LLP

Portolan Capital Management

StepStone Global

Marcho Partners

Qube Research & Technologies

Troy Asset Management

Kontiki Asset Management

Bain Capital Credit

Marshall Wace

Blackstone Alternative Asset Management / Blackstone Group

Man Group

CVC Capital Partners

Kohlberg Kravis Roberts & Co (“KKR”)

Invesco

Russell

Merian Global Investors

Odey Asset Management

Northern Trust Asset Management

Coronation Fund Managers

Guggenheim Partners

Winton Capital

IAM Investments

Waterfall Asset Management

Montlake

Marathon Asset Management

Artisan Partners

Deutsche Bank

Insight Investment

Tudor Capital

Nippon Value Investors

Sanderson Asset Management LLP

Nomura Investment Solutions plc

Innocap Investment Management Inc.

UBS Asset Management (UK) Limited

Principal Global Investors

Sanlam Investment Management Holdings

Sector Asset Management

Avestus Capital Partners

TPG Global

Citigroup

Credit Suisse

Morgan Stanley

Goldman Sachs

Banco Santander International

IPM Informed Portfolio Management AB

Cardinal Capital Group

36 South Capital Advisors

Lansdowne Partners

Invest AD

7IM

Aksia

AKO Capital

Arctic Fund Management

Earnest Partners

Emso Asset Management

Spire Partners

Work highlights

  • Advised HarbourVest on the restructuring of its European business to address the impact of Brexit, which involved the establishment of a new Irish regulated management company.
  • Advised Neuberger Berman on the restructuring of its European business to address the impact of Brexit, which involved the establishment of a new Irish regulated management company.
  • Advising Amundi Ireland on its operational restructure and regulatory reauthorisation by the Central Bank of Ireland as a super manco with ancillary MiFID permissions.

Matheson

Matheson is highly regarded for its advice to international asset managers on Brexit contingency planning, including the establishment of new Irish management company structures - an area where Shay Lydon is particularly experienced. In addition to blue-chip asset managers, the team's growing client base includes a large number of Irish domiciled funds. The 'technically exceptional' Tara Doyle, the firm's newly appointed chairperson, leads the practice. Other key contacts in the 'superbly resourced' team include Dualta Counihan, Philip Lovegrove, who has expertise in the ETF space, Michelle Ridge, who is experienced in the establishment of loan origination structures, and Catriona Cole, who was promoted to partner in February 2021.

Practice head(s):

Tara Doyle

Other key lawyers:

Dualta Counihan; Shay Lydon; Philip Lovegrove; Michelle Ridge; Liam Collins; Oisin McClenaghan; Barry O’Connor; Catriona Cole

Testimonials

‘Market-leading team in investment funds. The team is made up of industry experts, best of breed technically, superbly resourced, hungry to support their client base to the best of standards and do so exceptionally well.’

‘Tara Doyle is our trusted adviser – our go-to person. Technically exceptional, great skill in navigating difficult issues and difficult people, and has great common sense.’

‘Matheson’s funds team demonstrate an excellent balance of technical expertise, appreciation of Central Bank of Ireland requirements and commercial judgement. A critical counsel for asset managers outside Ireland looking to Brexit-proof their business and establish a management company in Ireland.’

‘I would highly recommend Matheson, particularly Philip Lovegrove. A very knowledgeable team and a pleasure to deal with.’

Key clients

Rockefeller & Co LLC

Goldman Sachs

BlackRock Asset Management

JP Morgan

Lyxor Asset Management

State Street Global Advisors

Man Group

Barings

Norselab

Morgan Stanley

Invesco

White Oak

Axonic

Funding Circle

Neuberger Berman Europe Limited

Hermes Investment Management

Work highlights

  • Advised Lyxor Asset Management on the establishment of its first ICAV, which saw assets of over €600m on launch.
  • Advised Blackbee on the establishment of Ireland’s largest residential healthcare fund.
  • Advising Norelab on the launch of its Irish private equity fund targeting the Scandinavian tech sector.

McCann FitzGerald

McCann FitzGerald's 'responsive and commercially minded' team acts for a number of leading asset managers, most notably in the private equity and infrastructure spaces. It has seen a recent growth in work involving private equity, real estate and particularly credit funds, and is also active in advising on Brexit-related regulatory matters. Mark White, who has significant expertise in UCITS funds, leads the team. Other key contacts include the 'outstanding' Iain Ferguson, consultant Tony Spratt, who is particularly active in the alternative fund sector, and regulatory specialist Darragh Murphy. Consultant Anna Moran and 'exceptional' senior associate Morgan Dunne provide strong support.

Practice head(s):

Mark White

Other key lawyers:

Iain Ferguson; Darragh Murphy; Hugh Beattie; Tony Spratt; Anna Moran; Morgan Dunne

Testimonials

‘Highly experienced team with a good balance of senior and junior members and low staff turnover.’

‘Iain Ferguson is an outstanding investment funds partner whose experience as a former in-house lawyer has given him a deep commercial understanding of clients’ needs that is rare among private practice lawyers.’

‘Iain Ferguson has fantastic industry knowledge and is very client service focused.’

‘The McCanns team really works exceptionally well with my team in delivering thorough and considered advice, in a timely manner. Their comprehensive knowledge of the subject matter is conveyed in clear and understandable terms, with confidence. The team is extremely professional and diligent, and their advice always strikes the right balance of legal and commercial.’

‘Mark White provides my team with balanced, clear, objective and professional advice. He delegates where needed and fully trusts his team to follow his high standards. Morgan Dunne is an associate in the team – he is an exceptional individual who is focused on advising, challenging and protecting his client. His work ethic is top class, as are his client management skills.’

‘Responsive and commercially minded team providing pragmatic solutions to issues. Well plugged in to the current regulatory trends and a good relationship with the Central Bank.’

‘Mark White is a good communicator providing clear and actionable advice.’

‘Swift turnaround, concise answers, seamless backup – my favourite outside legal counsel to work with.’

Key clients

BlueCove Limited

ValueAct Capital

Nordea Asset Management

Metzler Bank

Urbeo Residential

Brookfield Asset Management

Aon Hewitt

Ardstone Capital Homes Limited

UBS Global Asset Management

Irish Life Investment Managers

Hewlett Packard

Insight Investment

Goodbody Stockbrokers

Equity Trustees Fund Services

Mitsubishi UFJ Trust and Banking Corporation

Fund Partners

AMP Capital

JO Hambro Capital Management

The Asset Management Exchange

Willis Towers Watson

Findlay Park Partners

UBS Wealth Management – Zurich

Brandes

Pzena Investment Management, LLC

HFR Asset Management

Impax Asset Management

Davy

Ireland (Irish State)

UBS Investment Bank

Fairfax (Hamblin Watsa)

M&G Investment Management

Coupland Cardiff Asset Management

Dragon Capital Management

Investcorp Credit Management

ABC arbitrage Asset Management

Marathon Asset Management

Work highlights

  • Acted for AMX in relation to its establishment of a new UCITS umbrella platform structured as a common contractual fund.
  • Acted for AXA Real Estate Investment Managers in relation to a number of different joint venture arrangements with Kennedy Wilson involving the use of a number of different ICAVs that acquired Irish real estate.
  • Advised Investcorp Credit Management on the establishment of two new sub-funds in its closed-ended QIAIF umbrella platform.

William Fry

Noted for the 'depth and breadth' of its practice, William Fry has expertise across the full range of investment funds, with particular strength in the ETF space, and has been active in advising leading asset management companies on the establishment of their European ETF platforms. The firm also has a strong funds regulatory solutions practice, led by Patricia Taylor. Senior partner Dan Morrissey heads the team, which also includes James Phelan and Sergey Dolomanov, who have expertise in ETFs and UCITS; Vincent Coyne, who leads the firm's alternative investment funds practice; and John Aherne, who specialises in regulatory matters.

Practice head(s):

Dan Morrissey

Other key lawyers:

James Phelan; Sergey Dolomanov; Vincent Coyne; Patricia Taylor; John Aherne; Lorena Dunne

Testimonials

‘Sergey Dolomanov is an exceptional partner in the funds practice at William Fry who knows how to navigate the regulatory landscape and has strong technical expertise.’

‘Industry experience and the ability to turn around reviews promptly.’

‘As well as providing excellent, timely and commercially intuitive advice, the team at William Fry makes it clear that they are focused on meeting their clients’ needs.’

‘Vincent Coyne is technically excellent but what makes Vincent stand out is that he is always approachable, responsive and interested in listening to your issue. Vincent not only focuses on each transaction but also works proactively to get to know your business, with a view to achieving pragmatic and commercially beneficial outcomes.’

‘The William Fry team is extremely knowledgeable and professional. They provide a clear, detailed advice outlining all options and alternatives.’

‘John Aherne always provides a quick response to any query, giving clear, in-depth and detailed legal and commercial advice that includes analysis of all possible options and their advantages and disadvantages. He has an ability to conduct complex negotiations with multiple parties on a variety of legal topics and achieve the most favourable outcome for the client. He has an excellent knowledge not only of the legal aspects but also the business, commercial, tax and operational aspects of the asset management industry, which allows him to provide his clients with a comprehensive and outstanding service.’

‘The depth and breadth of the William Fry practice really does distinguish them from their competitors. This expertise in servicing funds at both ends of the regulatory spectrum is impressive. You sometimes find that certain firms are strong on individual aspects of investment funds regulation and operation but not so strong on others. William Fry are consistent across the board.’

‘Vincent Coyne has been our primary contact for several years and we’ve watched him deliver a number of complex, demanding projects in an efficient and friendly manner.’

Key clients

BlackRock

Legal and General

AXA

Barclays Bank Plc

Bank of America Merill Lynch

Lazard Asset Management

Natixis Investment Managers

Architas Multi-Managers

Intertrust Alternative Investment Fund Management.

Citi

Carmignac

Comgest

Carne

Davy

Harrington Cooper

NTMA

Poste Vita

SQN Capital Management

Temporis Capital

ASR Levensverzekering N.V.

Work highlights

  • Advised BlackRock Advisors (UK) Limited on a new structured notes programme targeted at institutional fixed-income investors.
  • Advised Legal & General Investment Management on the migration of the its UCITS ETF platform from the settlement model which settled trades via the central securities depository, CREST, to a single settlement model utilising an international central securities depository.
  • Advised Milltrust International Managed Investments ICAV on the establishment of a new fund which will partner with the World Wildlife Fund in Hong Kong to invest into tackling environmental pollution and climate change.

Dechert LLP

Dechert LLP has built up a sizeable team in Dublin, and can also draw on the support of the firm's offices in Europe and the US in its advice to international fund managers. The 'well-informed and analytical' Carol Widger leads the team, which is experienced in Brexit work, regularly advising on the establishment of new management company structures in Ireland. It also has significant expertise in private fund formation and has been active in the ESG space. Declan O’Sullivan, Ciara O’Leary, who has notable expertise in ETFs, Jeff Mackey and Mark Dillon, who is particularly strong in regulatory matters, are also recommended.

Practice head(s):

Carol Widger

Other key lawyers:

Declan O’Sullivan; Mark Browne; Jeff Mackey; Ciara O’Leary; Mark Dillon

Testimonials

‘The Irish funds team is excellent. They do a fantastic job of alerting us to new developments, always seem to have good precedents/models, and offer a great service model combining associate time and direct partner time as needed. We have found them to be highly practical and exceptionally well plugged in to the industry and the regulator.’

‘Carol Widger is well informed, analytical and a good presence in board meetings, and has a good ear and deft touch when needed on more nuanced matters.’

‘We appointed Dechert in Ireland recently to benefit from their international network and their round-the-clock service (they have Irish lawyers based in the US so can turn work around overnight). They have excellent seminars and training opportunities.’

‘Ciara O’Leary understands clients’ business needs, is very commercial, has excellent industry knowledge, is very client focused and approachable, and always makes herself available.’

‘Carol Widger is extremely experienced and knowledgeable, and has recruited diversely at the top.’

Key clients

Cheyne Capital

Mason Hayes & Curran LLP

Mason Hayes & Curran LLP recently expanded its 'exceptionally knowledgeable and integrated' funds team with the arrival of Sara O’Reilly, who joined from Sanlam Asset Management in November 2020. The team has notable expertise in advising on the structuring and formation of UCITS funds and on the acquisition of fund managers. Clients include international asset management companies and real estate, private equity and venture capital funds and investors. Conor Durkin, who is experienced in the structuring of UCITS and real estate funds, and regulatory specialist Rowena Fitzgerald lead the team, which also includes experienced senior associate Sarah Cloonan.

Practice head(s):

Conor Durkin; Rowena Fitzgerald

Other key lawyers:

Sarah Cloonan; Sara O’Reilly

Testimonials

‘Mason Hayes & Curran’s investment funds practice is able to advise on complex types of investment fund structuring. The formation of alternative investment funds requires expertise from a number of different practice areas, and as one of Ireland’s largest law firms MHC has the scale to provide this and to deliver a seamless end-to-end service for clients. The practice is also comprised of individuals who have many years of transactional experience as well as experience of working on regulatory bodies and in-house, and this mix of experience provides clients with a broader perspective and insight.’

‘Conor Durkin has deep expertise in the formation and structuring of investment funds. What stands out in our experience in dealing with Conor is the hands-on attention he gives to clients and the experience he has gained from many years in practice. Conor is also a non-executive director of a large UCITS management company, which means he has a deeper understanding of clients’ organisational structures and a broader focus on the commercial and operational environment in which fund managers operate.’

‘Very knowledgeable, very hands-on experience of market practice, always available and give to-the-point advice.’

‘Rowena Fitzgerald was extremely professional, always available, solution oriented and very knowledgeable, so we were really comfortable with the advice throughout the transaction. She was always on top of things.’

‘Excellent communication skills. Always available. Good quality of work. Ability to respond to multiple queries quickly.’

‘Conor Durkin is always very helpful and always available to provide some guidance.’

‘The team is exceptionally knowledgeable and integrated. Opinions on a variety of issues are consolidated and delivered rapidly.’

Key clients

FAM Series UCITS ICAV – FAM Smart Factors Funds

Cashel Compliance Bidco Limited (Cashel)

Hauck & Aufhäuser

Privatbankiers

AG

Valpre Capital Limited

FAM Series UCITS ICAV – Jupiter Flexible Income FAM Fund

FAM Evolution ICAV

Opus Fund Services (IRE-Admin) Limited (Opus)

Vermeer Investment Management Limited

FAM Series UCITS ICAV – Infusive Consumer Alpha Global Leaders FAM Fund

Work highlights

  • Advised Fineco Asset Management DAC and FAM Series UCITS ICAV on the establishment of a new series of investment funds that utilise a factor-based investment strategy.
  • Advised Cashel Compliance Bidco Limited, an Irish company within the DMS Group, on the acquisition of MDO Management Company SA.
  • Advised Hauck & Aufhäuser Privatbankiers AG on its acquisition of Crossroad Capital Management Limited (CCM).

Walkers

Walkers' 'exceptional' team has a blue-chip client base, with particular expertise in advising alternative investment fund management companies, including a number of US hedge fund managers. The team is increasingly active in cross-border matters, advising on investments by international clients into Irish funds and on the establishment of investment fund managers in Ireland. The 'straightforward and pragmatic' Nicholas Blake-Knox leads the team, which also includes Jennifer Fox, Sarah Maguire, who has particular strength in the establishment of AIF and UCITS platforms, and Eimear Keane, and was further strengthened when of counsel Damian Barnaville joined from Charles Schwab in August 2020.

Practice head(s):

Nicholas Blake-Knox

Other key lawyers:

Sarah Maguire; Jennifer Fox; Eimear Keane; Damian Barnaville

Testimonials

‘The team is no nonsense and very easy to deal with. Nick Blake-Knox is exceptional – he is particularly straightforward and pragmatic.’

‘The team is easy to approach, with in-depth knowledge of the industry and local regulations.’

The funds team is exceptional in its deep understanding of the intricacies of asset management and investment funds. Nicholas Blake-Knox is a star who offers exceptional client service and innovative solutions to thorny issues.’

‘Walkers’ investment fund team provides efficient and high-quality advice to investment fund managers. They are very client oriented and responsive. The team understands the clients’ needs and provides tailored solutions to their requests.’

‘Nicholas Blake-Knox has extensive fund structuring and regulatory knowledge. He in particular has an impressive experience and understanding of Luxembourg fund structures. Nick is always available, goal oriented and well organised.’

‘The firm demonstrates consistency of approach, problem-solving willingness with clients and depth of team to cover a wide variety of strategies across the funds industry. That is welcomed and is a key differentiator.’

‘I believe that Walkers Ireland has a lot of talent and very good connections. They also have very good knowledge of the fund industry.’

Key clients

PIMCO

Morgan Stanley

Capstone Investment Advisors

Edmond da Rothschild

Skyline Umbrella Funds ICAV

DCI LLC

IBM Retirement Funds

Albermarle Asset Management Limited/ Optima Asset Management LLC

Westwood Investment Funds plc

Ardevora Asset Management LLP

Kagiso Global Asset Management ICAV

W&W Asset Management (Dublin) DAC

Carne Global Funds Managers (Ireland) Limited (Primo UCITS Platform & RV Capital)

Cantor Fitzgerald Corporate Finance Ireland Ltd

4BIO Venture Capital

KTB Investments & Securities (“KTB”)

Gao Teng Global Asset Management LLC

Work highlights

  • Engaged as lead Irish counsel to PIMCO Global Advisors (Ireland) Limited.
  • Providing ongoing advice to the Edmond de Rothschild Group on its Irish retail investor AIF ETF platform.
  • Acting as lead legal counsel to Skyline Umbrella Fund ICAV and advising on the establishment of several new sub-funds for use by third-party managers.

Eversheds Sutherland

Eversheds Sutherland is experienced in cross-border matters, including advising international banks and asset managers on the establishment of Irish funds. The team has expertise in funds work involving unusual asset classes, such as cryptocurrency and medical cannabis funds, as well as advising funds clients on Brexit regulatory matters. Practice head Deborah Hutton has recently been particularly active in advising on ESG and shari'ah funds.

Practice head(s):

Deborah Hutton

Other key lawyers:

Piaras Power; Peter Fahy

Key clients

IQ-EQ / G10 Capital

Apex / European Depositary Bank

Barometer Capital Management Inc

Oasis Crescent

Standard Charter (new for Ireland funds)

Abraxas Capital Management Limited

Neuron Capital Management Company

Óskare Capital

SphereInvest

Aviva

CSC Depositary and Administration

Aon Hewitt Limited

ESG Digital

Quadrant Real Estate Advisors LLC

Work highlights

  • Advised Aon on the establishment of a large common contractual fund under AIFMD with numerous sub-funds to be marketed in Europe, the US and Canada.
  • Advising Esg Digital on the establishment of an Irish private equity Fund to invest in underlying companies through securitised token offerings and the process to create secondary market liquidity in relation to the trading of such STOs.
  • Providing the European Depositary Bank, part of the Apex Group, and Deutsche Bank with regulatory advice.

LK Shields Solicitors LLP

LK Shields Solicitors LLP is experienced in advising international investment firms on their establishment and activities in Ireland, and has significant expertise in life settlements, ETFs and limited partnership structures. The team also assists international and domestic institutions with regulatory compliance. Practice head Adrian Mulryan is well known for his ETF experience. Managing partner David Williams, who has notable expertise in alternative investments, Trevor Dolan and David Naughton are also recommended.

Practice head(s):

Adrian Mulryan

Other key lawyers:

David Williams; Trevor Dolan; David Naughton

Testimonials

‘The team has a commerciality that it combines with in-depth knowledge of the Irish financial system.’

‘Adrian Mulryan stands out for me because he is approachable, knowledgeable and can be relied upon to listen actively and find a creative solution to a legal issue.’

‘They provide clients with a tailored service specific to their needs. Very good as mediators in contract negotiations as well as with the regulator.’

‘David Williams has been our lead partner – he is very good.’

Key clients

Usonian Investments LLC

MUFG Fund Services (Ireland) Limited

Brown Brothers Harriman (BBH)

Apex Fund Services (Ireland) Limited

CCA Life Settlements Fund II ICAV / Corry Capital Advisors LLC

Aberdeen Standard Investments

SS&C Technologies Inc

TCA Fund Management Group /TCA Special Situations Credit Strategies ICAV

Holborn

GSO / Blackstone

Katko

Work highlights

  • Advised Usonian Investments LLC on its appointment as investment manager to a sub-fund on a UCITS platform.
  • Advising MUFG Fund Services (Ireland) Limited on ongoing legal and regulatory obligations, including advising MUFG in relation to the criteria of template fund administration agreements for its UCITS and AIF clients.
  • Providing ongoing regulatory advice to Brown Brothers Harriman in relation to its Irish fund administration and depositary operations.

Pinsent Masons LLP

Pinsent Masons LLP has a strong client base of large asset managers and global depositories, with particular expertise in advising mega ManCos in the Irish market. The team is experienced in advising on Brexit regulatory planning, complex licensing applications, and the establishment and operation of Irish funds. Practice head Gayle Bowen is noted for her 'excellent industry knowledge', while senior associate Aongus McCarthy provides strong support.

Practice head(s):

Gayle Bowen

Other key lawyers:

Aongus McCarthy

Testimonials

‘They have an excellent knowledge of the Irish funds business, are in regular dialogue with the regulators and are proactive in advising about upcoming changes and how they might affect you.’

‘Aongus McCarthy is consistently efficient, knowledgeable and helpful.’

‘Gayle Bowen has excellent industry knowledge, she participates in regulatory advisory committees and has a great insight into what is coming down the line and the implications for the industry.’

‘This firm has a relatively recent presence in Dublin but has created a very strong team and reputation. They made good senior hires and work well with their network firms to give a global approach. They always bring a practical approach with strong advice.’

‘Gayle Bowen has built a strong reputation very quickly. The firm has a different, more modern feel that is very client focused and that is driven and led by Gayle. She brings innovative solutions to clients setting up Irish products and is very strong in steering them through the local regulatory processes.’

‘Great communication and very client focused.’

‘I found Aongus McCarthy to be highly accessible and conscientious, and his advice to be practical, while also at the forefront of the industry developments.’

Key clients

Julius Baer

Legal & General Investment Management Limited (“LGIM”)

LGIM Managers (Europe) Limited

Global Impact Initiative

ADCorp

Pacific Asset Management

Equity Trustees Fund Services

Insight Investment Management

Elavon Financial Services DAC t/a US Bank Depositary Services

Carne Group

Osmosis Investment Management Limited & Prescient Fund Services (Ireland) Limited

Fairwater Capital

LGT

Quanta Capital

Ferox Investment Management

Alpha Innovations

Dynamic Credit

Tabula Asset Management

MDO

Work highlights

  • Advising Julius Baer Group on the acquisition of an existing Irish AIFM and the extension of its licensing permissions of that entity to add a UCITS management company licence.
  • Advised Insight Asset Management on its Brexit strategy planning and on obtaining additional licence permissions to provide individual portfolio management from the Central Bank of Ireland.
  • Advising the Global Impact Initiative on establishing an Irish UCITS ICAV to be used to invest in companies based on their policies in relation to promoting women.

Simmons & Simmons

Simmons & Simmons established its Dublin office in 2018 with the appointments of practice head Fionán Breathnach from Mason Hayes & Curran LLP and Niamh Ryan and Elaine Keane from A&L Goodbody LLP. The 'experienced and proactive' team has established a strong reputation for the formation of UCITS and alternative investment funds, with particular expertise in non-Irish fund structures, drawing on the support of the firm's offices in other jurisdictions.

Practice head(s):

Fionán Breathnach

Other key lawyers:

Niamh Ryan; Elaine Keane; James McKnight

Testimonials

‘An experienced and proactive team that provides a high-quality service.’

‘Niamh Ryan has extensive experience in the structuring and establishment of Irish regulated funds.’

‘Managing associate James McKnight is always very responsive and approachable and has been a fantastic help with his experience in establishing investment structures.’

‘The team provides hands-on practical guidance on the requirements of the Central Bank for alternative investment fund managers. The team is very knowledgeable about the bank’s expectations and has a good insight into the industry’s approach to the regulatory initiatives.’

‘Niamh Ryan is a pleasure to liaise with! She is knowledgeable, approachable and quick to respond. She understands the client’s file very well and stays on top of any developments, which is particularly valuable to a smaller in-house team that places great reliance on external advisers.’

‘Excellent commercial and pragmatic advice, seamless cross-border collaboration between offices and efficient delivery of the legal product. All in all, a top-quality service at a more reasonable fee level than its market peers.’

‘Very client-focused all round and excellent market knowledge.’

Key clients

Crake Asset Management

Value Partners

Heptagon Fund plc

Credit Suisse

Aravis Capital

CSC Global Financial Markets

Epoch Alpha Partners

Los Angeles Capital

Arisaig Capital Partners

Work highlights

  • Advised Crake Asset Management on the establishment of a QIAIF master feeder ICAV and Delaware limited partnership feeder.
  • Providing Sorgente Asset Management with ongoing advice on the establishment of a QIAIF umbrella ICAV, with an initial closed-ended sub-fund investing in infrastructure projects relating to biomethane and biogas production.
  • Advising Value Partners on its Irish UCITS platform, including the establishment of a new sub-fund investing in equity securities focusing on innovative technologies.