Investment Limited Partnerships 101 (Part 5) Liability of Limited Partners

Enhancements to the Irish regime governing investment limited partnership (the “ILP”) have led to increased interest in this structure as an option when considering the establishment of a new investment fund. The first part of our advisory series provided answers to the key questions on the features of the ILP; the second part covered the asset classes for which a partnership structure is typically considered and the recent guidance for certain closed ended funds from the Central Bank of Ireland (the "Central Bank"); the third part considered the service providers that can be appointed to act for an ILP; and the fourth part set out the authorisation process for an ILP. This part considers the liability of investors for the debts of an ILP.

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