Investment Limited Partnerships 101 (Part 4): Authorisation Process

Enhancements to the Irish regime governing investment limited partnership (the "ILP") have led to increased interest in this structure as an option when considering the establishment of a new investment fund. The first part of our advisory series provided answers to the key questions on the features of the ILP; the second part covered the asset classes for which a partnership structure is typically considered and the recent guidance for certain closed-ended funds from the Central Bank of Ireland (the "Central Bank"); the third part considered the service providers that can be appointed to act for an ILP. This fourth part of the series sets out the authorisation process for an ILP.