With a number of reforms to the Irish private funds framework in recent years, Ireland is well placed to meet the growing demand for private assets and is increasingly being considered by private fund managers as an attractive domicile for onshore EU fund ranges.
The Simmons & Simmons private funds team in Dublin has an in-depth understanding of the private funds sector both in Ireland and on a global basis. As recognised industry leaders, we advise on all legal, tax and regulatory issues affecting the managers of and investors in private funds.
We publish regular updates to assist our clients with the impact of an ever-changing regulatory landscape and have brought these materials together in one place.
Regulatory developments
The Simmons & Simmons private funds team in Dublin publishes regular articles updating clients on key regulatory developments affecting the industry.
24-hour approval for Irish direct lending and certain real estate AIFs
1 July 2022
New guidance from the Central Bank of Ireland changes the fast track authorisation procedure for certain types of AIF.
> Read more here
An overview of the European Venture Capital Funds (EuVECA) regime
2 February 2022
An overview of the regulatory regime for European Venture Capital Funds with respect to proposed fund structures
> Read more here
Irish Interest Limitation Rule
26 January 2022
We consider the implications of Ireland’s new Interest Limitation Rule, in particular for Irish securitisation companies (“Section 110 Companies”),
> Read more here
Reverse Hybrid Mismatches – New Irish legislation
26 January 2022
Read our detailed summary of the new rules and their implications following Ireland’s introduction of new legislation addressing reverse hybrid mismatches.
> Read more here
Ireland's investment limited partnership (ILP) regime
26 May 2021
Fionán Breathnach discusses recent legislation overhauling the regulation of investment limited partnerships (ILPs) in Ireland in a video for Thompson Reuters Practical Law.
> Watch here
Irish qualifying investor alternative investment funds
22 April 2021
We provide an overview of the regulatory and tax environment for qualifying investor alternative investment funds and their service providers in Ireland.
> Read more here
The ILP: A real contender for illiquid strategies
20 April 2021
Ireland is a well-established domicile for liquid strategies and could now compete on the illiquid side. We look at the key issues and opportunities on this.
> Read more here
The Irish investment limited partnership - an Irish tax perspective
9 March 2021
Succinct analysis of the new Irish Investment Limited Partnership by our tax teams in Dublin and Luxembourg
> Read more here
Irish Private Funds - A New Era
25 February 2021
An overview of legal considerations for private fund managers looking at Ireland as domicile for their next fundraise.
> Read more here
Irish private funds regime - good things come to those who wait
29 December 2020
The private funds industry in Ireland will see new opportunities as a result of significant changes to the Irish private funds regime.
> Read more here
Ireland set to revise its private funds regime
24 November 2020
The Irish regulator has updated its AIFMD Q&As regarding the position of a GP of an ILP and consulted on share class features for closed-ended QIAIFs.
> Read more here
Ireland Fund Services in Focus 2020
> Read more here
Getting there - Ireland’s Investment LP Bill passes Committee Stage
13 December 2019
The Irish Investment Limited Partnerships (Amendment) Bill moves closer to being enacted.
> Read more here
All change - the review of Irish limited partnership law in 2019 should be good news for private fund managers
21 June 2019
The private funds industry in Ireland is likely to see new opportunities as a result of potentially significant changes to Irish limited partnership law in 2019, offering enhanced flexibility both for AIFs established as regulated investment limited partnerships and those structured as unregulated 1907 limited partnerships.
> Read more here
Updated Irish limited partnership law approved by Irish Government
14 June 2019
On 11 June 2019, the Irish Government approved the publication of the Investment Limited Partnership (Amendment) Bill 2019 (the Bill).
> Read more here
Ireland’s Central Bank sets out proposals for depositaries of AIFs not investing in assets
27 November 2018
The Central Bank of Ireland published a Notice intending to set out its framework for entities acting as depositary for specific types of AIFs which generally do not invest in assets that must be held in custody. Comments are invited on these proposals until 19 January 2019.
> Read more here
Public Consultation on the Limited Partnerships Act 1907 (the "Consultation")
Simmons & Simmons’ response to the Department of Business, Enterprise and Innovation’s consultation of 18 January 2019
> Read more here
Hot topic webinars
European Long-Term Investment Funds
10 November 2023
The Central Bank of Ireland has published its consultation on the implementation of the ELTIF 2.0. This six week consultation proposes a standalone AIF Rulebook chapter solely for ELTIFs. View our webinar on demand for an overview of the proposed details on the Consultation and a general update on the ELTIF 2.0.
> Watch on demand
Regulator Insights: Private Funds in Ireland - Present and future
25 May 2022
With a number of reforms to the Irish private funds framework in recent years, Ireland is increasingly being considered by private fund managers as an attractive domicile for onshore EU fund ranges. James O’Sullivan, Head of Funds Authorisation at the Central Bank of Ireland (and previously Head of Funds Policy) joined us for a discussion on private funds and the Irish regulator’s approach to AIF approvals, including pre-submission for certain asset classes.
> Watch on demand
The Irish Investment Limited Partnership – key considerations for US private fund managers
14 April 2021
In collaboration with Seward & Kissel and Waystone, this online discussion is in relation to the recent updates to the investment limited partnership and the broader private funds framework in Ireland. Our discussion focuses on certain key considerations for US private fund managers and also examine how the structure compares with equivalent structures in other leading jurisdictions.
> Watch on demand
The Irish Investment Limited Partnership – key considerations for UK private fund managers
23 March 2021
In collaboration with Centaur Fund Services and Reframe Capital, this online discussion is in relation to the recent updates to the investment limited partnership and the broader private funds framework in Ireland. Our discussion focuses on certain key considerations for UK private fund managers and also examine how the structure compares with equivalent structures in other leading jurisdictions.
> Watch on demand
Irish Funds and Regulatory Quarterly Updates
Each quarter we will introduce you to a member of our funds and regulatory team who will also outline what is covered for this quarter.
If we can assist you on any queries regarding closed ended funds, please don’t hesitate to contact one of our team.
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