Fee Structuring In Investment Limited Partnerships

Introduction

The Irish investment limited partnership (the "ILP"), now re-shaped as a flexible fund investment vehicle following amendments made to the existing Investment Limited Partnership Act, 1994 (the "ILP Act"), is expected to become the fund structure of choice for many international investment managers, particularly those in the private equity and real assets sectors.

In this key features document, we briefly highlight common fee structuring features of an ILP. A more detailed analysis of the ILP is available here.

Key Points

• Management fees and carried interest rates are a matter of negotiation and disclosure in the Limited Partnership Agreement and the ILP offering document;