The new Limited Partnership Fund (‘LPF’) regime replaces a scarcely used limited partnership vehicle in Hong Kong and has clearly been adopted to ensure Hong Kong remains competitive with other major fund domicile jurisdictions by becoming a regional PE hub.

Investors continue to seek solutions for both unattractive fixed income yields and unpredictable equity market volatility, both of which have been exacerbated by the pandemic.

The Act is intended to modernise Ireland’s existing legal framework applicable to regulated investment limited partnerships (ILPs) bringing it in line with comparable partnership vehicles available in other leading fund jurisdictions.