At our recent Irish Private Funds webinar, our expert panel comprised of partners Barry O'Connor, Michelle Daly and Anthony Gaskin discussed Matheson's experience advising on the launch of Irish investment limited partnerships ("ILPs") and European Long Term Investment Funds ("ELITFs").
There continues to be burgeoning investor interest and participation in private markets, with many investors increasing their exposure to private equity and private credit in particular in recent times. Ireland is well-placed to meet this growing demand, with a long-standing reputation as a domicile of choice for investment funds. The Irish alternative fund industry has continued to evolve in response to market needs, enhancing and expanding its product suite to cater for a broad range of strategies including hedge funds, private equity, private credit, infrastructure and real estate.
The revamped ELTIF regime has therefore arrived at an opportune time and is likely to prove a highly attractive framework for fund managers providing long-term investment solutions to both retail and professional investors. Matheson LLP is pleased to have advised on the first ELTIFs authorised in Ireland; the webinar explored Matheson's experience in this regard and shared an outlook for future ELTIFs in Ireland.
Matheson LLP is also pleased to have advised on close to 40% of ILPs established since the enhancements introduced in 2021, more than any other firm. The webinar covered why managers (and investors) are increasingly looking to the ILP as a viable alternative to partnerships in other jurisdictions, acting as a 'best-in breed' regulated partnership vehicle and building on Ireland's position as the domicile of choice for asset managers wishing to establish European investment funds.
A recording of the webinar is available on the Matheson Knowledge Hub. If you would like to be invited to future Matheson webinars, you can subscribe to our various mailing lists here.
For further information on the Irish ILP and the ELTIF, please see our publications:
Establishing an Investment Limited Partnership in Ireland
The Revised European Long Term Investment Funds Regulation
Key Features of the ELTIF 2.0
Framework
Please contact Barry O'Connor, Michelle Daly or Anthony Gaskin or your usual Matheson contact in our Asset Management and Investment Funds or Tax Departments should you require further information in relation to the information referred to the webinar.