ireland set to go!
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LA flexible Irish structure for a more challenging environment
Fund sponsors are entering a more challenging phase for fund raising. The benign conditions that once flattered performance, falling rates, expanding multiples and abundant leverage, have given way to a market in which capital formation, liquidity management, tax efficiency and operational discipline matter more. In that environment, advisers and sponsors are looking again at fund structures that are familiar, flexible and capable of being operated without unnecessary regulatory or cost friction.
That is why Ireland’s 1907 limited partnership deserves renewed attention. For advisers accustomed to English, Delaware, Cayman, and other common-law partnership models, the Irish 1907 limited partnership should be recognisable. It is a familiar common-law partnership formed under the Limited Partnerships Act 1907, requiring at least one general partner and one limited partner, with limited partners enjoying liability limited status provided they do not participate in the management of the partnership. Its longevity is part of its strength, and the structure is si