ICAV – The New Irish Collective Asset-Management Vehicle
Legislation was recently enacted in Ireland providing for a new type of corporate fund – the Irish Collective Asset-management Vehicle (ICAV). ICAVs are new Irish legal structures specifically designed to constitute investment funds. They feature a number of specific advantages when compared to previously available structures. This article seeks to outline the salient features of the ICAV, its differentiating characteristics and to highlight the instances where it is most likely to be of assistance to fund promoters and the manner in which it can be used to best effect in this regard.