Recent Media Coverage on the Future of the Industry
Tuesday, 16 February 2021
Irish Funds has been featured in the following media outlets.
Funds Europe - Association column: 30 years on...
In Ireland, there are in excess of €3.2 trillion of investment fund assets domiciled here which are supporting savers across the EU and beyond, deploying much-needed capital and investment to economies and businesses.
This is all part of a broader European industry that is responsible for in excess of €17 trillion in assets. As we know from our own experience, the elements that make the industry such a resilient and valuable contributor to economic activity have become clearer for others to see since early 2020.
Funds Europe - Talking heads: Ireland seeks premier league membership for private assets
Ireland passed the Investment Limited Partnership (ILP) (Amendment) act in December 2020. What impact will it have on Ireland’s funds market?
The Act modernises Ireland’s partnership offering for strategies investing in private assets and supports our drive to be the premier location to support global investing. It will be especially welcome by those managers who want to use an EU-based, common law partnership structure which complies with AIFMD. It will attract managers to Ireland as a key base for European capital raises and will also help ensure that we are optimally positioned to develop as a centre for green financing and support the EU Green Deal. The overall impact of these developments will be significant and felt country-wide – we estimate that it will create an additional 3,000 jobs by 2025 while attracting up to €20 billion per annum in global private capital.