In Ireland, loan originating funds are established as non-UCITS Qualifying Investor Alternative Investment Funds (QIAIFs). QIAIFs have a minimum initial subscription of €100,000 (or its equivalent in another currency) or greater and can only be marketed to “Qualifying Investors”. Owing to their professional/ sophisticated nature, QIAIFs benefit from a fast-track approval process, provided that all parties to the fund are already regulated/approved by the Central Bank. This means that a QIAIF can be authorised by the Central Bank in 24 hours.

Please click here to download our full briefing on Ireland’s regulatory regime for loan originating funds.

Please contact your usual William Fry team or feel free to engage with any of our key contacts for assistance with matters relating to L-QIAIFs.

Contributed by: Niall Crowley

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