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ARTICLE · 13 MAY 2020

Conversion Of Irish Investment Funds Structured As PLCs To ICAVs

Dillon Eustace
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The Irish Collective Asset-management Vehicles Act 2015 (the "ICAV Act"), enabled the establishment of a new structure for regulated investment funds domiciled in Ireland. Since the enactment of the ICAV Act...

IrelandFinance and Banking
Brian Dillon
Brian Dillon
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Introduction

The Irish Collective Asset-management Vehicles Act 2015 (the "ICAV Act"), enabled the establishment of a new structure for regulated investment funds domiciled in Ireland. Since the enactment of the ICAV Act, the ICAV has become the default structure of choice for asset managers seeking to establish new regulated funds in Ireland. The ICAV is a flexible corporate structure that has been used to establish both UCITS and Alternative Investment Funds ("AIFs").

The operational and organisational advantages of the ICAV structure over existing structures have been well documented in previous articles and these can be achieved without any impact on the past performance of the existing structure.

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