Umbrella Structure 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 consider the ability to structure the ILP as an umbrella fund, which is considered to be one of the most innovative features of the Irish ILP. A more detailed analysis of the ILP is available here.

Key Points

• An ILP can be established as umbrella fund which is divided into a number of sub-funds;