Ireland seeks premier league status for private assets
The passing of the amended Irish Limited Partnership Act in December could see Ireland promoted to the “premier league” of domiciles for private assets.
Furthermore, the impact of the bill and its ability to attract more fund managers to Ireland could create an additional 3,000 jobs and $40 billion in assets by 2025.
These were some of the views expressed when we asked leaders in the Irish funds market for their thoughts on the year ahead.
Here are three excerpts from our wider feature in the February issue of
Funds Europe.
PAT LARDNER, CHIEF EXECUTIVE, IRISH FUNDS
Talking heads: Ireland seeks premier league membership for private assets
Nicholas Pratt writes, 2021 promises to be a pivotal year.
Entering 2021, Ireland is grasping the national regulator’s recent review of fund management companies operating under the ‘CP86’ regime – that is, guidance introduced in 2016 designed to strengthen fund governance through measures such as board effectiveness, managerial functions and oversight of third-party service providers.
At the EU level, Ireland – along with other fund domiciles – faces a review of alternative investing rules.
But there is also optimism that Ireland will gain from the growth in private-capital investments now that amendments to the Irish Limited Partnership Act have been made.