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Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
ILP: the ILP
is a regulated limited partnership structure used as a structuring
solution for private equity strategies and an alternative to the
Luxembourg SCSp
Ireland
Corporate/Commercial Law
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INVESTMENT LIMITED PARTNERTSHIP (ILP)
ILP: the ILP is a regulated limited partnership structure used
as a structuring solution for private equity strategies and an
alternative to the Luxembourg SCSp.
Regulated Structure: 24 hour authorisation process. No review of
fund documents by Central Bank of Ireland (pre-submission required
for funds investing in Irish property and crypto assets).
Broad Flexibility: flexibility in relation to investment
strategy & policy and not subject to any borrowing or leverage
limits. All the typical mechanisms and features of a private equity
fund can be accommodated in the ILP (e.g. waterfalls, carried
interest plans, excuse/exclusion).
Marketing Passport: ILPs with an EU AIFM can avail of the EU
marketing passport.
Tax: ILPs are entirely transparent and therefore the tax
analysis will depend on the domicile of the investor and tax advice
will be required on a case by case basis.
This article contains a general summary of developments and
is not a complete or definitive statement of the law. Specific
legal advice should be obtained where appropriate.