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A new form of limited partnership, a "private fund limited
partnership", is available for private funds in the UK. The
Legislative Reform (Private Fund Limited Partnerships) Order 2017
was made on 29 March 2017 and came into force on 6 April 2017. Its
purpose is to streamline the manner in which the Limited
Partnerships Act 1907 applies to private funds, making the UK
limited partnership structure a more attractive option for asset
managers.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
