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Fund administration: More promise for the unloved ELTIF
The SFDR regulation and the administration of withholding tax have been challenges for third-party fund administrators over the past year. But in our poll of leading figures in the admin industry, we also hear there’s a better future for the ELTIF.
HOPE FOR THE ELTIF
Eoin FitzGerald, MD and office head, BBH Dublin
There had been much speculation about domicile shifts around Brexit, but so far little has changed. Ireland and Luxembourg appear to have copper-fastened their statuses as the leading cross-border fund centres. The recent addition of the Irish Limited Partnership (ILP) to Ireland’s toolkit for private market funds is a welcome addition, particularly with its common law framework and cultural alignment with US and UK alternative managers.