A new Irish financial services bill, which has been in the works for over five years, is expected to create 3,000 jobs by 2025, while attracting up to EUR20 billion per annum in global private capital, says Irish Funds
The Investment Limited Partnerships (Amendment) Bill 2020, passed in the Dáil, is set to accelerate Irish fund industry growth, help firms facilitate the green recovery, and open the door for new global private fund market entrants to domicile in Ireland as a key base for European capital raises.
Firms will now have the potential to expand their private equity, infrastructure, renewables, and real estate offerings with a positive knock-on effect expected for local employment and Ireland’s position as a sustainable finance hub.
Funds industry centres across Ireland such as Cork, Limerick, Wexford, Kilkenny and Galway are also primed for increased business.
Source: Private Equity Wire
