The Irish Collective Asset-management Vehicles Act 2015 (the ICAV Act) was signed into law on 4 March 2015. The ICAV Act allows for the establishment of a new Irish corporate investment fund structure (the Irish Collective Asset- management Vehicle or ICAV) that is tailored to the needs of the global funds industry. The ICAV sits alongside the other available fund structures in Ireland, namely the variable capital company (VCC), the unit trust, the common contractual fund (CCF) and the investment limited partnership (ILP). As with Irish VCCs, ICAVs may be set-up as a stand-alone structure or an umbrella structure.
A&L Goodbody and PwC co-hosted a webinar on the ICAV on Tuesday 24 March. Michael Barr and Elaine Keane, Partners in A&L Goodbody's Asset Management & Investment Funds Group together with Asset Management & Investment Funds experts from PwC address ICAV v PLC, how to set up an ICAV, converting to the ICAV and redomiciliation.