ARTICLE · 28 FEBRUARY 2018

Establishing An Irish Regulated Loan Origination Fund

Dechert LLP

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The Central Bank of Ireland (CBI) permits the establishment of loan originating Qualifying Investor AIFs (L-QIAIFs) subject to its AIF Rulebook.

IrelandFinance and Banking

Christopher Gardner

Declan O’Sullivan

What is an Irish Regulated Loan Origination Fund?

The Central Bank of Ireland (CBI) permits the establishment of loan originating Qualifying Investor AIFs (L-QIAIFs) subject to its AIF Rulebook. The L-QIAIF rules are consistent with the ESMA Opinion on loan originating AIFs issued in 2016.

An Irish Loan Origination Fund can be:

Set up in a variety of legal structures.
Authorized in 24 hours from filing with the CBI.
Internally managed or can appoint a third party AIFM.
Passported throughout the EEA under AIFMD.

An Irish Loan Origination Fund is not:

Taxed on income and gains at fund level.

Loan origination requirements

L-QIAIFs are required to comply with the general QIAIF criteria and the L-QIAIF Rules.

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