Ireland: Venture Capital

The Department of Enterprise, Tourism and Employment has launched a public consultation on targeted reforms to Ireland's limited partnership regime, seeking views on measures to modernise a legislative framework still largely governed by the Limited Partnerships Act 1907. The proposals aim to increase the maximum number of partners from 20 to 149, introduce a statutory whitelist of permitted activities for limited partners, and provide greater flexibility regarding capital contributions.

The Investment Limited Partnership ("ILP") is an Irish regulated partnership structure that offers a structuring solution for private equity, private credit, real asset, infrastructure, venture capital and other private fund strategies.

On 23 July 2020, the Irish government announced its July Stimulus package (the "Stimulus") to assist Ireland to get back on the road to economic recovery by introducing a wide range of supports...