Examining The Private Fund Limited Partnership

Examining The Private Fund Limited Partnership

By: Alexandra Conroy, Zac Mellor-Clark

Last month (6 April 2017), UK limited partnership law was amended to introduce the new 'Private Fund Limited Partnership' (“PFLP”) - an optional designation for UK limited partnerships operated as private investment funds.

Unsurprisingly, there has been a considerable amount of commentary on the new legislation in recent months within the UK investment funds community, and the uptake amongst sponsors using UK limited partnerships is expected to be high.

The purpose of this article is to summarise the key features of the PFLP regime, but also to identify certain issues which are worthy of consideration prior to following the PFLP route.

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