Alternative Investment Funds (AIFs)

We work with international and domestic asset managers, fund sponsors, platform providers, investors and fund service providers (administrators, depositaries, prime brokers and others).

Our expertise, developed over more than 25 years, has kept pace with Ireland’s emergence as a market-leading jurisdiction of choice for investment funds – both UCITS and alternative investment funds (AIFs). As allocations to alternative asset classes continue to rise, further growth in the number and value of AIFs looks certain.

Assisting with the structuring, formation, and cross-border distribution of RIAIFs and QIAIFs is a core part of the Dillon Eustace business. Our highly experienced investment funds team of 19 lawyers, including 16 partners, offers a truly international outlook with Irish, US, UK and Cayman law specialists.

We have significant experience of advising on all types of AIF legal structures, including Irish Collective Asset-management Vehicles (ICAVs), investment companies, unit trusts, common contractual funds and investment limited partnerships. We work collaboratively with our Banking and Finance and Taxation teams to structure tax efficient investment vehicles for use by our AIF clients where required.

Relevant Experience

• Advising a Hong Kong based investment manager on the launch of an Irish Qualifying Investor Alternative Investment Fund concentrated fund of credit and debt funds.

• Advising a U.S. private debt manager, on the establishment of a complex master feeder structure involving two Irish ICAV Qualifying Investor Alternative Investment Funds and a Cayman Islands master credit fund.

• Advising on the establishment of a Qualifying Investor Alternative Investment Fund bond fund. This bond fund is a ‘Net Zero’ Sterling Corporate Bond Fund.

• Advising on the conversion of an Irish private equity fund into a Qualifying Investor Alternative Investment Fund compliant with the Alternative Investment Fund Managers Directive: involving change of manager, change of administrator and change of depositary and Board members.