Fund Structure: The Investment Limited Partnership (ILP)
Our Asset Management and Investment Funds team have put together a briefing on the Investment Limited Partnership (ILP) fund structure. The ILP does not have an independent legal existence and all of the assets and liabilities belong jointly to the individual partners. Similarly the profits are owned by the partners. As a tax transparent vehicle the ILP structure is particularly suitable as an investment vehicle for investment in US securities with US advisers. They are also frequently used in the UK. ILPs are also well suited for private equity, real estate and infrastructure investment vehicles. The underlying legislation was recently modernised by the Investment Limited Partnerships (Amendment) Act 2020.
For more information on this please contact Nollaig Greene, or Yvonne McGonigle, Knowledge Lawyers, or your usual contact on the Asset Management and Investment Funds team.
Date published: 6 February 2024