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An AIF can currently take one of five legal forms: unit trust, investment company, common contractual fund ("CCF"), investment limited partnership ("ILP") and Irish collective asset-management vehicle ("ICAV"). Each form of AIF may have open-ended, closed-ended or limited liquidity funds. A comparison of the different structures is set out in the table below.
An AIF may be established in Ireland as a single standalone
fund or as an umbrella fund comprising one or more sub-funds.
An AIF can currently take one of five legal forms: unit trust,
investment company, common contractual fund ("CCF"),
investment limited partnership ("ILP") and Irish
collective asset-management vehicle ("ICAV"). Each form
of AIF may have open-ended, closed-ended or limited liquidity
funds. A comparison of the different structures is set out in the
table below.
This article contains a general summary of developments and
is not a complete or definitive statement of the law. Specific
legal advice should be obtained where appropriate.
