Leading Associates

Firms To Watch: Investment funds

Ogier launched an investment funds practice in October 2023 with the hire of Oisin McClenaghan from Matheson LLP. Private equity is a core focus for the new team, which also has a background in re-domiciliations from Luxembourg to Ireland.

Investment funds in Ireland

A&L Goodbody LLP

A&L Goodbody LLP ‘s commitment to the investment fund sector has landed it with additional engagements in ESG and sustainability, ETF and private funds work. The firm has a steady mix of fund formation and advisory engagements. It is working intensively in the ESG and sustainability segment, including on new fund launches and implementing SFDR level 2 disclosures. It has brought in new ETF clients, has established a series of private equity funds and remains a real force in real estate funds. Stephen Carson leads the asset management and investment funds team and retains close connections to clients in London, having spent several years there. Michael Barr and Kerill O’Shaughnessy are also senior members of the team, along with ESG and sustainability specialist Lorena Dunne , who is ‘very commercial and thorough‘. Chris Bergin was promoted to partner in 2024 and Brian McDermott retired.

Practice head(s):

Stephen Carson


Other key lawyers:

Michael Barr, Kerill O’Shaughnessy, Lorena Dunne; Chris Bergin


Testimonials

‘A&L Goodbody are experts in their field and have been pivotal in our journey. The team are knowledgeable and responsive and we very much see them as a platinum partner.’

‘Outstanding technical expertise, provides legal advice based on extensive experience, market practice. Team is also very responsive and make themselves available to provide legal support with very short notice. ’

‘Stephen Carson is an expert in his field and an absolute pleasure to work with. We are forever indebted to him.’

‘The team are consistent and uniquely dedicated to our firm. We have weekly check in calls and a consistent product line that makes ALG crucial to our work flow. Stephen Carson is very well connected to the industry and to the Central Bank and can get things done for us.’

‘Stephen Carson is our relationship partner. He is a stand out lawyer in the Irish ETF industry. His service quality is excellent. He understands the esoteric aspects of our work. He is very responsive and good to work with.’

‘Lorena Dunne has been excellent. Very commercial and thorough.’

‘Top class team which has excellent knowledge of the funds space and are very accessible and responsive.’

‘For the most part I was dealing with Chris Bergin. There was a huge benefit to having an investment funds lawyer being a key and integrated part of the team dealing with a litigation matter.’ 

Key clients

Alter Domus


Amundi


Apex Group


Avenue Capital


Aviva Investors


AXOVISION


BennBridge


BIT Capital


Catalyst Capital Advisors


Cleaves Securities


Commerzbank


Coutts


CQS (UK)


DWS Investments


Exponent Private Equity


Foresight Group


HANetf Limited


Horizon Kinetics Asset Management


HSBC Global Asset Management


Intermediate Capital Group


Intrum Group


Investlinx Investment Management


IPUT


IQEQ Fund Management (formerly Davy Global Fund Management)


Kepler Partners


Key Capital Investment Management


Lloyd’s of London


M&G


Mondrian Investment Partners


Moneda Asset Management


Mori Capital


Ocorian Group


Optimus Capital


Osmosis Investment Management


Pareto Asset Management


Premier Miton


Real I.S. Gesellschaft für Immobilien Assetmanagement


River and Mercantile Group


Stenham Asset Management


Tilney Smith & Williamson


Turtle Creek Asset Management


W&W Asset Management


Weiss Multi-Strategy Advisers


WisdomTree


Zurich Invest


Work highlights


  • Advised on the establishment of QIAIF ICAV as the Lloyd’s global public funds platform which will consist of a series of select funds across asset classes.
  • Advised on the establishment of a suite of 12 new Article 8 ETFs on the Xtrackers range.
  • Advised on the legal and regulatory aspects of implementing the merger including seeking approval of the Central Bank of Ireland and shareholders of Pareto Nordic Omega.

Arthur Cox

Arthur Cox has a sizeable investment funds team and its broad-based practice has cemented further growth in ESG and sustainability, including SFDR compliance matters. It has also worked on a number of new ETF platform launches. The firm has advised on launching some of the very first ELTIFs in Ireland and has assisted clients with the formation of Investment Limited Partnership (ILP) structures under the new ILP regime. Kevin Murphy is a senior practitioner with an outstanding record across the investment funds arena, while Tara O’Reilly is a superb practitioner and a recognised authority on ETFs. Cormac Commins has vast experience in UCITS funds with Ian Dillon and Dara Harrington also having fine reputations. Siobhan McBean is an emerging talent, while Sarah Cunniff has retired from the firm.

Practice head(s):

Tara O’Reilly; Kevin Murphy


Other key lawyers:

Dara Harrington; Cormac Commins; Ian Dillon; Siobhán McBean


Testimonials

‘On top of their very strong and wide expertise, what is quite unique is that they look into the matters from the client’s business perspective. They know the business of their clients very well. They are keen to find the most effective solution. They are very focused. They are always available to discuss the matters but never waste the time unnecessarily. Straight to the point.’

‘Private funds group is top notch and works across not just funds but also tax, corporate, finance, capital markets and all other fields necessary to provide a one-stop-shop for private capital clients – very impressive.’

‘Ian Dillon leads the group and is an expert in private funds. Most pragmatic and responsive lawyer I have come across. Gives me solutions I can use, a real problem solver. Cormac Commins is excellent also and a true expert in UCITS and heavily regulated structures.’

‘The team led by Tara O’ Reilly that manages our client work is well placed in the market as leading ETF advisors. Tara has been no. 1 in the market for over 15 years. Far superior to other law firms for speed, efficiency and capacity.’

‘Tara O’ Reilly is a leading expert in ETFs. She is an exceptional lawyer, advisor and statesperson of the ETF industry. I would not use anyone else. Tara has an incredible eye for detail and is a master at solving issues.’

‘Cormac Commins is the stand out at Arthur Cox. He has a deep fund legal knowledge and is able to explain that to clients in a practical way. He responds to client requirements in a timely basis. His solutions based thinking is what separates him from others in the industry.’

‘The team’s responsiveness and diligence in researching issues and providing practical advice has stood out for us over the years and has separated this firm from others. Dara Harrington and Tara O’Reilly are extremely attentive to our business needs and have been very thoughtful in advising us on very complex fund, AIFM and cross border related matters. ’

‘Arthur Cox asset management team are very well established and have a strong depth of practice covering all sectors within the financial markets space. We have received strong support from Arthur Cox on Brexit planning initiatives, including questions of pan-European selling arrangements, firm re-structuring and obtaining new regulatory licenses.’

Key clients

Aberdeen Standard


AlbaCore


Alter Domus


Altrinsic Global Advisors


Amundi


Antarctica Asset Management


Arkaim Advisors


Arrowstreet


Axiom


Aztec


Baillie Gifford


Bank of Montreal (“BMO”)


Blackstone


Blue Whale


CapVest


CBRE


Channel Capital


Citadel


Cohen & Steers


Colchester Global Investors


Columbia Threadneedle


Core Markets


Davy


Dimensional Fund Advisors


Dodge & Cox


DRZ Investment Advisors


Eaton Vance


European Investment Fund


Federated Investors


Fine Grain Property


First Eagle Investment Management


First Trust


Formuesforvaltning AS


Franklin Templeton


Global X


Grantham Mayo Van Otterloo & Co. LLC


Green Property Management


Gresham House


Gulf International Bank


HSBC


Industrial and Commerce Bank of China Limited (“ICBC”)


Intertrust/CSC


Invesco


Janus Henderson


Kingnova


KKR


Lazard


Los Angeles Capital


M&G Investment Management


MacKay Shields/New York Life


Macquarie


Maitland


Mirae Asset Global Investments


Morgan Stanley


Nuveen / TIAA


Oak Hill Advisors


Oasis Asset Management


OMIGSA


Overstone


PGIM


Pillarstone


PineBridge


Platinum Asset Management


Poste Vita


Progressive Capital Partners


Rize ETF Limited


RTE Pension Fund


RTW Investments


Schroders


Seilern


Shenkman Capital


Sigrun


Somerset


Spear Street


State Street Global Advisors (“SSgA”)


Stone Harbor Investment Partners


Tabula ETF


Tilden Park


Trafaltin Park


Vida


Waverton


Wells Capital Management


Western Asset


Work highlights


  • Advised Franklin Templeton on the establishment of a suite of fixed maturity bond UCITS funds, categorised as Article 8 funds pursuant to SFDR.
  • Advised Nuveen on the establishment and repositioning of a number of Impact bond and carbon reduction funds, categorised as Article 9 Funds under SFDR, including advising Nuveen on the related Central Bank approval process.
  • Advised Federated Hermes on the establishment of its first Euro money market fund since the implementation of the new EU money market fund regulations.

Dillon Eustace

Dillon Eustace has the largest team in the market and a significant number of Irish-domiciled fund clients. It is at the forefront of UCITS, ETFs and alternative funds, while taking the lead in key areas such as ESG and sustainability. The firm’s history in the area and its continued commitment to the field, provides it with an ever-growing pipeline of fund structuring, fund establishment and regulatory authorisation instructions. Etain de Valera leads the team, which features the vastly experienced managing partner Donnacha O’Connor, Brian Higgins and Brian Kelliher. Brian Dillon specialises in representing Asia-based funds and Cillian Bredin and Derbhil O’Riordan are also senior members of the practice. Shane Coveney continues to make an impression.

Practice head(s):

Etain de Valera


Other key lawyers:

Donnacha O’Connor; Brian Dillon; Brian Higgins; Brian Kelliher; Cillian Bredin; Derbhil O’Riordan; Shane Coveney; Grace O’Connor; Colman O’Loghlen; Alanna Hannon; Hannah Fenlon


Testimonials

‘Strong market experts – very well connected. Great communication skills and collaborative approach. ’

‘Hard working, knowledgeable, people persons – keen to help, flexible and trustworthy.’

‘A group where individuals clearly work with other partners in the firm as a team, with market leading industry knowledge, yet also commercial in their approach with clients. Further supported with good links into the Central Bank of Ireland when required.’

‘Cillian Bredin has an in-depth knowledge of detailed regulations, yet also has a practical and commercial approach with his clients. Importantly, Cillian is a genuine, personable and fun guy to work with. Someone I also trust and respect immensely.’

‘The advice was good, our points were all negotiated robustly and responses were prompt so we delivered on time. Also, when our lead lawyer took annual leave, another lawyer stepped in who was fully up-to-speed, so there was a seamless transition. The cost was also reasonable given the amount of work that went into the project.’

‘Our lead lawyer was Alanna Hannon who did an excellent job at reviewing all of the documents, taking into account our comments, negotiating strongly on our behalf, being available for meetings or calls, sometimes out of normal office hours, and making sure that everything was achieved on time – really excellent work.’

Key clients

Anarosa Asset Management


Azimut


Architas


VanEck


Lancaster


Architas


AXA Rosenberg


Grayscale Advisors


ASK Capital Management Pte Limited


ADIT Capital Management LLC


Blantyre Capital Limited


Abakkus Asset Management


ENAM Asset Management Company Private Limited


Harrington Cooper Asset Management


Golub Capital Partners


Roundhill Investments


Pactum AG


Pacer Advisors


Baillie Gifford Investment Management (Europe)


Kirkoswald Asset Management


Fineco Asset Management


Infinity Asset Management


Ronit Partners LLP


Saranac Partners Limited


Green Investment Partners Limited


Alanna Homes


National Bank of Kuwait


Angelo Gordon


Aon


GenFunds


AXA Investment Managers


ANIMA


BNY Mellon Asset Management


Algebris (UK) Limited


Legal & General Investment Management


Mediolanum


Payden & Rygel


PIMCO


Societe Generale


Lone Star


C-Quadrat


Polar Capital


GAM


Golden Tree Asset Management


Fiera Capital


Fidelity


Waystone Management Company (IE)


Tenax Capital Limited


Gamma Capital Management (UK and Iceland)


Danske Bank


Kayne Anderson


Roundhill Capital


Roundshield Capital Partners


Twelve Capital


Trium Capital


BNP Paribas


Portfolio Advisors


Berkshire Partners


Ambienta SGR


Avendus


Motilal Oswal Capital


DSP Investment Managers


Capital Four Asset Management


Southeastern Asset Management


TOBAM


KBC Asset Management


Tokio Marine Asset Management


Bridge Fund Management


Brandes Investments


SPARX Asset Management


Nomura Asset Management


Work highlights


  • Advised Waystone Management Company (IE) on establishing a new platform QIAIF umbrella Irish collective-asset management vehicle (ICAV) with four new sub-funds.
  • Advised Azimut Holding on the commercial partnership for the establishment of an Irish asset management company, Nova Investment Management, and the distribution in Italy of Irish UCITS funds developed by the manager, and on the establishment and authorisation of the manager by the Central Bank of Ireland as a UCITS management company.
  • Advised VanEck on the establishment and structuring of six ETF products coming to market in Europe, including Europe’s first defence UCITS ETF.

Maples Group

Maples Group is another dominant force in the Irish asset management and investment funds market. It has an extensive team covering all aspects of the field and has a sizeable market share of Irish-domiciled clients. It is a clear leader in the launch of new Irish funds and has successfully targeted key growth areas such as the ELTIF 2.0 framework, sustainable finance products, ETFs, ILPs and loan origination funds. Adam Donoghue co-heads the funds group alongside Eimear O’Dwyer , who is noted for ESG and sustainable funds, as is Ian Conlon . John Gallagher is recognised for UCITS and AIFMD-compliant products and Aaron Mulcahy has forged a reputation in the ELTIF space. Ronan Cremin and Niamh O’Shea are emerging talents.

Practice head(s):

Adam Donoghue; Eimear O’Dwyer


Other key lawyers:

Ian Conlon; John Gallagher; Peter Stapleton; Deirdre McIlvenna; Philip Keegan; Lorna Smith; Aaron Mulcahy; Ronan Cremin; Niamh O’Shea


Testimonials

‘Aaron Mulcahy is very approachable, responsive and understands the needs of our business. He gets to the nub of the issue quickly, and finds commercial solutions to often complex issues. He has the ability to preempt potential regulatory issues before they arise and helps us bring products to the market quicker as a consequence.’

‘Advice is always well-researched and comprehensive, with complex matters being conveyed in a manner that is easy to understand. In addition, the firm is able to find solutions that take into account the practical operations and needs of our business, whilst still remaining legally compliant at all times. We also appreciate that they are always able to meet our deadlines which are often very demanding. ’

‘The individuals are able to translate complex legal concepts in a concise and easily understandable manner. They always respond to queries very quickly, have an incredible work ethic and are results-orientated, whilst always ensuring legal compliance.’

‘Maples’ practice has a global reach with substantive presence in major fund domiciles. That reach of service enables fund providers to explore multiple options and seek solutions readily for the establishment of investment funds particularly in alternative or private market segments. Their high standard of expertise and value added service is delivered in a business-minded manner at competitive rates.’

‘High standards of expertise, and a business-like, highly responsive approach are stand-out qualities. Peter Stapleton has led their Dublin office to prominence in the industry. At the same time partners such as Aaron Mulcahy are providing exceptional client service with a deep technical expertise. ’

‘Maples has excellent people which provide seamless capabilities across Ireland, UK and Luxembourg. They have a deep understanding of our specific organisational needs which translates into effective transactions. Maples are an essential part of our fund deal team.’

‘Aaron Mulcahy – standout partner – available and responsive, technically excellent.’ 

‘Very good support team.’

Key clients

36 South Capital Advisors


AIB


Alliance Bernstein LP


Amundi


Apollo


Artisan Partners


Bain Capital Credit


Banco Santander International


Bank of Ireland Private Banking


Blackstone Group


Brilliance Asset Management Limited


Cardinal Capital Group


Citigroup


Clean Energy Transition


Credit Suisse


CVC Capital Partners


Deutsche Bank


Fortress Investment Group


Goldman Sachs


HarbourVest Partners (Ireland) Limited


Heronbridge Investment Management LLP


Innocap Investment Management Inc.


Insight Investment


Invesco


IQ EQ Fund Management (Ireland) Limited


Jupiter Asset Management


Kohlberg Kravis Roberts & Co (“KKR”)


Lansdowne Partners


LHP Ireland Fund Management Limited


LMR Partners


Man Group


Marathon Asset Management


Marshall Wace


MetLife


Morgan Stanley


Neuberger Berman Investment Funds plc, Neuberger Berman Investment Funds II plc


Newton Investment Management


Nippon Life India Asset Management (Singapore) Pte. Ltd.


Russell Investments


Sanlam


Sector Asset Management


StepStone Group


Vulcan Value Partners, LLC


Waterfall Asset Management


Waystone


Winton Capital


Work highlights


  • Advised Neuberger Berman on an extensive SFDR periodic reporting project for its Irish regulated fund platforms.
  • Advised StepStone Group on the launch of the largest ever dedicated venture capital secondaries fund.
  • Advised Credit Suisse on the merger of a range of ETFs as part of Credit Suisse’s acquisition by UBS.

Matheson LLP

Matheson LLP has a major market share with advice to some 1,200 Irish-domiciled funds, representing seven of the top ten promoters of Irish funds  and eight of the top ten US asset managers. The firm is also committed to advising smaller and start-up managers. It has been a dominant force in the ILP sector over the last few years thanks to its dedication to the private funds segment and has advised on the first ELTIFs authorised by the Central Bank of Ireland. It remains noted for its extensive record in the ESG and sustainability sector. Tara Doyle continues to impress in ESG-related matters and ILPs. Dualta Counihan has wide-ranging experience, including ICAV and ILP vehicles. Shay Lydon, Philip Lovegrove and Michelle Ridge are also prominent names. Oisin McClenaghan has left the firm.

Practice head(s):

Tara Doyle


Other key lawyers:

Dualta Counihan; Shay Lydon; Philip Lovegrove; Michelle Ridge; Liam Collins; Barry O’Connor; Donal O’Byrne; Anthony Gaskin; Eunan Hession; Shane Kennedy


Testimonials

‘Dualta Counihan and Michelle Ridge have been excellent. Top expertise and service. Efficient and capable.’

‘Barry O’Connor is an excellent and trusted lawyer who we have known and used for years, with a very strong blend of technical and commercial know-how. ’

‘Dualta Counihan – exceptional technical and market knowledge. Dualta always grasps the commercial drivers of any transaction, however complex, and is able to quickly come up with a practical and cost effective solution. Dualta is one of the best funds lawyers in the market.’

‘Anthony Gaskin – highly response and commercially focused. Good technically.’

‘Liam Collins – five stars – kind, commercial, understanding.’

‘Matheson strike the right balance between being technically strong, whilst understanding the broader market, and therefore providing commercially appropriate guidance. The team we work with understand our business model and strategy, and therefore are efficient and direct with their guidance. ’

‘Anthony Gaskin is the main partner that we work with. Anthony is a very effective lawyer, who provides practical and commercially adept guidance. Anthony is also aware of the importance of building trust and relationships and is recognised across our global platform as a trustworthy strong lawyer. ’

‘Tara Doyle – most knowledgeable and quick thinking lawyer I have ever met. Donal O’Byrne – unbelievably hard working and caring about his clients.’

Key clients

Goldman Sachs


BlackRock


Morgan Stanley


Bank of America Merrill Lynch


Amundi


JP Morgan


HPS Partners


Bank of New York Mellon


Invesco


Man Group


SEI


HSBC


State Street Global Advisors


Citigroup


Neuberger Berman


Aberdeen Standard Investments


Barings


Charles Schwab


Rockefeller


White Oak


Funding Circle


Aspect Capital


Poplar Forest Capital


Aegon Asset Management


Pantheon


Connor, Clark & Lunn


ILA Capital


Eagle Capital


Aventicum


Primestone


Brummer


Lynx


RiverRock Asset Management


Marsham Investment Management


Norselab


Fidelity International


First Sentier Investors


Axonic


Brasil Warrant


Future Value Capital LLP


ING Solutions Investment Management


Principal Global Investors


Manulife Investment Management


Guardian Capital


Franklin Templeton


Varde Partners


Hudson Bay


REQ Capital


Seior Capital


Waterland


Baron Capital


Principal Asset Management


Pacific Capital Partners


Byron Capital


Royalty Pharma


STANLIB Investments


Ares


Artisan Partners


AXA Real Estate Investment Management


Prescient


Manulife Investment Management


Veritas Asset Management


Seilern International AG


PineBridge


Northern Trust Asset Management


CIFC


Gemini Capital Management


AlbaCore


TIND Asset Management


Fermat


ECP


Forestar


Atalaya


Alphawave


SVP


Industry Capital Partners


Vanguard


Work highlights


  • Advised PGIM Private Capital on the establishment of the first ELTIFs in Ireland.
  • Advised ICP on the establishment of two ILPs under the new Irish ILP regime which have targets to accelerate net zero energy transition and contributing to climate change mitigation.
  • Advised on the establishment of the Global Sustainable Food and Biodiversity Fund.

McCann FitzGerald LLP

McCann FitzGerald LLP has an extensive background in UCITS, ETFs, alternative investment funds, hedge funds, private equity funds and real estate funds, among other areas. It has a team that covers the range of fund structuring, fund establishments, and regulatory authorisation and compliance. It also brings its leading derivatives expertise to the funds environment. Prominent figure Iain Ferguson  leads the investment management group, with longstanding expertise in UCITS and AIFs The team also includes the immensely experienced Mark White, an authority on private equity, credit, real estate, infrastructure and hedge funds. Darragh Murphy  is a key name for regulatory matters, Morgan Dunne continues to impress, while Anna Moran and Clare Gillett were promoted to the partnership in May 2024.

Practice head(s):

Iain Ferguson


Other key lawyers:

Darragh Murphy; Tony Spratt; Anna Moran; Morgan Dunne; Clare Gillett; Saibh Hurley


Testimonials

‘The team has unrivalled knowledge of all facets of fund establishment, legislation, governance and management. Combined with practical advice, this provides my team with the ability to manage our investments to the highest standards.’

‘Morgan Dunne is our go to lawyer on all aspects of fund advice. He has an ability to distil complex situations into pragmatic and straightforward advice, while deeply understanding his clients requirements, limitations and objectives. Within our team, our AIFM and our compliance personnel, his opinion is highly sought and valued.’

‘Highly responsive and practical legal advice provided in a timely manner. Transparency on costs. ’

‘Iain Ferguson’s exceptional knowledge of the market and of the Central Bank of Ireland requirements in the area of investment funds is extremely helpful when dealing with non-plain vanilla products. Iain also has an excellent working relationship with the Central Bank, which has been of great assistance in order to resolve outstanding items and achieve timely fund authorisations. His advice is always pragmatic, commercial, actionable and to the point. Iain and his team are highly recommended.’

‘Strong depth of quality across the team and all lawyers are very approachable and reactive to client needs. ’

‘Ian Ferguson provided pragmatic, commercial advice with direct experience of all matters at hand.’

‘Saibh Hurley was very strong and experienced in all matters that she was presented with. ’

 

Key clients

Ardstone Capital


Willis Towers Watson


AMX


UBS Wealth Management


UBS Investment Bank


Universal Investment Ireland


PEAL Capital Partners Group


Emerald Technology Ventures


Urbeo Residential ICAV


JO Hambro Capital Management


Pzena Investment Management


Alvarium Investments


Hedge Fund Research, Inc.


Solas Capital AG


MetLife Investment Management Europe


BlueCove


ValueAct Capital


Nordea Asset Management


Brookfield Asset Management


Aon Hewitt


UBS Global Asset Management


Irish Life Investment Managers


Hewlett Packard


Insight Investment


Goodbody Stockbrokers


Equity Trustees Fund Services


Mitsubishi UFJ Trust and Banking Corporation


Fund Partners


AMP Capital


Findlay Park Partners


Brandes


HFR Asset Management


Impax Asset Management


Davy


Ireland (Irish State)


Fairfax (Hamblin Watsa)


M&G Investment Management


Coupland Cardiff Asset Management


Dragon Capital Management


Investcorp Credit Management


ABC arbitrage Asset Management


Marathon Asset Management


FFF Partners


EC Pohl & Co


Perpetual Group


Julius Baer


Elkstone Partners


Work highlights


William Fry LLP

William Fry LLP still stands out for its experience in the ETF sector, along with private equity and private funds. It is further recognised for its regulatory expertise and its commitment to sustainability and SFDR. It represents a number of the top promoters to Irish domiciled funds by assets under management (AUM) and advises a significant market share of the largest fund structures in the jurisdiction. The firm routinely advises numerous large financial institutions. Vincent Coyne, an experienced partner in UCITS and alternative funds (especially ICAV structures), co-heads the team alongside James Phelan, who is also rated for UCITS and regulatory knowledge. Patricia Taylor  heads the funds regulatory team and John Aherne is another key name. Sergey Dolomanov has extensive ETF experience, often representing some of the biggest financial institutions in the market, while Nessa Joyce and Clodagh Ruigrok were promoted to the partnership in 2024.

Practice head(s):

James Phelan; Vincent Coyne


Other key lawyers:

Sergey Dolomanov; Patricia Taylor; John Aherne; Clodagh Ruigrok; Nessa Joyce


Testimonials

‘The team are subject matter experts and have ears to the ground on the latest thinking and views of the Central Bank. The practice was able to call in their in-house AI expert to update the board on the area.’

‘James Phelan (partner) is a fantastic support to our business from a day-to-day perspective and in higher level, more strategic matters. He is extremely responsive, practical and solution orientated, and always available to engage on priority matters.’

‘Nessa Joyce (partner) is excellent technically and always a pleasure to deal with. She will get things done in a pragmatic manner. ’

‘The team is extremely knowledgeable with respect to both Irish legislation and the broader EU legislation governing our funds. The team is proactive and engaged fully with our business. ’

‘Clodagh Ruigrok is a first class lawyer with a comprehensive knowledge of Irish and EU fund laws and the workings of the the fund management industry.’

‘Positive, responsive, experienced and great to work with.’

‘Vincent Coyne heads up a market leading funds practice that has seen significant growth in the last number of years. We have experience of Vincent advising clients objectively and diligently and steering them through complex and often difficult challenges. A particular characteristic of the William Fry funds practice is the scale and variety of their business and there is considerable strength in depth across the board, reflecting the broad spectrum of work they do.’

‘Vincent Coyne is a commercially astute and technically excellent practitioner.’

Key clients

Mercer


BlackRock


Legal & General


Sands Capital Funds plc


Lazard Asset Management


Mercer Global Investments Management


Comgest Asset Management


Barclays


Davy


IQEQ


Natixis Investment Managers


Milltrust International


Otus Capital Management


Bank of America


Colchester Global Investors


Work highlights


  • Advised on the establishment of BlackRock’s suite of 17 iBonds exchange-traded funds (ETFs).
  • Represented the Blue Revolution Fund on its second closing which involved introduction and negotiation of LP investments from EIF, ISIF and a German credit institution which together committed in excess of €45m to the fund.
  • Advised on the first ever Irish UCITS with exposure to carbon in bringing LGIM’s L&G Energy Transition Commodities UCITS ETF to the market.

Dechert LLP

Dechert LLP is a global giant in the asset management and investment funds field, with its Dublin office playing an integral role in upholding and enhancing its international reputation. Delivering both domestic and international advice, it has an established UCITS and private funds practice. With its commitment to the private funds segment, it has a background in closed‑ended, evergreen and open‑ended structures. The Dublin office has earned itself a sizeable market share of private fund launches and is at the forefront of private debt funds. It is also noted for its capabilities in the ETF arena, with specialist lawyers in Dublin, Luxembourg and the US. Carol Widger is managing partner of the Dublin office and a recognised authority on the establishment, launch and ongoing management of investment funds in Ireland. Declan O’Sullivan, Jeff Mackey, ESG specialist Ciara O’Leary and regulatory expert Mark Dillon are also key partners.

Practice head(s):

Carol Widger; Gus Black


Other key lawyers:

Ciara O’Leary; Declan O’Sullivan; Jeff Mackey; Mark Dillon; Dan Morrissey; Stephen Nolan


Testimonials

‘Dechert has a deep bench of talent across the globe, which is what makes the firm so skilled at providing advice in the investment management space.’

‘Carol Widger is practical, responsive and insightful.’

‘Team is very responsive and practical. ’

‘Jeff Mackey is an excellent partner. Pragmatic, hard-working, available, thoughtful. ’

‘The funds team at Dechert is excellent, extremely commercial and always delivers a high quality service/product in an efficient manner. ’

‘Our funds team, led by Jeff Mackey is excellent. Jeff is extremely knowledgable of the local market and rules, and is highly commercial. The associates on our client file are similarly talented, hard working and deliver high quality work efficiently. They are also very personable.’ 

 

Key clients

AGC Equity Partners


Apollo Capital Management


Cheyne Capital Management


StepStone Group LP and Swiss Capital


TT International


UBS


Work highlights


  • Advised UBS on a range of fund platforms (both UCITS and alternative investment funds) covering multiple asset classes, including fund of funds, money market funds, index tracking funds, ETFs, liquid alternatives, private equity funds, emerging market and ESG investments.

K&L Gates LLP

K&L Gates LLP has made an immediate impact on the market since launching a Dublin office in January 2023. The firm has targeted the ETF and private funds (especially private credit) space with considerable success. It has maximised the firm’s international standing in the area along with the presence of four partners in Dublin. Leading name Gayle Bowen is managing partner of the Dublin office, with Hazel Doyle leading the team’s efforts in the ETF segment and landing a series of major engagements from large clients. Shane Geraghty is making further headway in credit funds and Michelle Lloyd brings additional international experience (particularly Asia) to the team.

Practice head(s):

Gayle Bowen; Michael Caccese


Other key lawyers:

Hazel Doyle; Shane Geraghty; Michelle Lloyd; Lucy Deane


Testimonials

‘We have started to work with various members of the K&L Gates team and, to date, have found them both knowledgeable and extremely proactive. One particular area to note is that the team is looking to ‘pre-agree’ a variety of service level agreements, which would benefit all stakeholders in the all-important ‘speed to market’. The team has also shown a great sense of commercial reality in dealings to date. ’

‘We have begun working with the senior partners in the team and have found them to be extremely knowledgeable in all aspects of the real asset and the general investment funds industry. I would specifically mention Gayle Bowen and Shane Geraghty, who have both shown both flexibility and a willingness to create long-term working partnerships.’

‘Stable team, low turnover, high level of relevant expertise, very responsive, constructive approach. ’

‘Gayle Bowen, expertise, solution driven, professional, very seasoned, leading in her field of expertise.’

‘As well a having good legal knowledge, they give very good advice when business strategy is being discussed.’

‘Business ideas and tax implications can openly be discussed with Shane Geraghty, who gives views that are best for the ICAV and the board.’

‘A stellar launch into the Irish market by K&L Gates. Lots of international firms want to access the Irish market and K&L is an example of how it should be done. Exceptional resourcing and talent, the highest standards of service to their clients, a hunger to super serve their clients and utmost professionalism with regards to industry and stakeholder engagement. K&L should be very proud of what they’ve achieved so far and I’m looking forward to seeing how they will grow and inevitably thrive. ’

‘I’ve had the pleasure of working with all of the team at K&L (in particular Michelle Lloyd, Hazel Doyle, Shane Geraghty and Lucy Deane). They have constructed a team of exceptional talent, capabilities and experience. They are true representatives of the industry and Ireland. They are valued partners to their clients and they’re incredibly nice people. Well done all. ’

Key clients

LGT Private Wealth Management/Volare International UCITS ICAV


Dynamic Credit/Dynamic Credit ICAV


Global Impact Initiative/GII UCITS ICAV


HAL Fund Services Ireland


REIA Capital


ATKA Funds ICAV


Mondrian Funds


Julius Baer


Clearway Capital Partners ICAV


Investcorp Securities Limited


Work highlights


  • Advised LGT/Volare International UCITS ICAV on a Section 272 application to allow them to market their Irish UCITS fund to retail investors in the UK post-Brexit.
  • Advised REIA Capital on the establishment of an Irish master investment limited partnership fund and feeder ICAV, both structured as umbrella funds and targeted predominantly at German high net-worth individuals.
  • Advised the Julius Baer group on the migration of 22 sub-funds from Luxembourg into Ireland under the UCITS merger process.

Walkers

Walkers has continued to expand its investment funds team in Dublin, bringing in Emmet Quish from Dechert LLP in August 2024; Quish provides additional senior experience and particular expertise in ESG matters. Of counsel Claire Winrow has also joined from Pinsent Masons LLP to reinforce the firm’s presence in private funds. The expanded team represents many of the world’s leading private equity and hedge funds, and has achieved further growth in private credit work. Nicholas Blake-Knox  leads the asset management and investment funds group, which also includes Damian Barnaville, Aongus McCarthy, Eimear Keane  and of counsel Michael Dyulgerov.

Practice head(s):

Nicholas Blake-Knox


Testimonials

‘Commercial and client focused, the team always delivers.’

‘Damien Barnaville consistently provides exceptional solutions for the typical ongoing issues which arise for our funds. He always makes himself available and ensures effective solutions are presented in a timely manner.’

‘Nicholas Blake-Knox and Aongus McCarthy are leaders in their field.’

‘The legal team we work with is very diverse in terms of gender, capabilities, industry experience and expertise. There is a real commercial feel to the Walkers team that has a very good client management focus.’

‘Aongus McCarthy is an excellent partner both from a technical and commercial perspective. No stone goes unturned. He along with his colleagues are thought leaders in the industry and regularly organise industry events (e.g. for the independent director and in-house lawyer community) which are invaluable.’

‘Proactive, attentive with a collaborative approach to matters.’

‘The partners are very knowledgeable and practical. Aongus McCarthy in particular has a great ability to manage and deliver against a difficult backdrop and tight timeline.’

‘Among the partners, Nicholas Blake-Knox stands out with his vast knowledge and rare international cross-border experience, which truly makes a difference. He is not only highly responsive but also client and solution-oriented, making him a valuable partner and a real pleasure to work with.’

Key clients

PIMCO Global Advisors Ireland


Morgan Stanley Investment Management


Edmund de Rothschild


Marathon Asset Management


PGIM


Athora


Crestline Management


Albemarle Funds


HAL QIAIF Platform ICAV / Gersemi Asset Management


CiGlobal


Carne Global


W&W Asset Management Ireland


Corum Butler Asset Management


Drakai Capital


Acer Tree Investment Management


Work highlights


  • Engaged as lead Irish counsel to PIMCO Global Advisors (Ireland) and subsequently advised on multiple projects connected to its ongoing funds management business in Ireland.
  • Advised on all Irish law aspects of the establishment of Gersemi Shipping Fund, a sub-fund of HAL QIAIF Platform ICAV.
  • Advised Ci Global on the establishment of three new sub-funds of an Irish retail investor alternative investment fund (RIAIF) ICAV.

Byrne Wallace Shields LLP

Byrne Wallace Shields LLP‘ team handles structuring, establishing and the authorisation of investment funds. Much of its practice centres on ongoing operational and regulatory compliance advice. The firm represents global financial institutions right down to smaller domestic-only players. Financial services department head David Naughton has extensive experience in the ILP fund structure, particularly for US clients. David Williams has retired.

Practice head(s):

David Naughton


Testimonials

‘Really great team led by David Naughton; always very responsive and commercial and punch above their weight.’

‘David Naughton is great; really responsive and commercial. Really knows his stuff.’

Work highlights


Eversheds Sutherland

Eversheds Sutherland has made further progress under the leadership of Trevor Dolan, particularly in UCITS, hedge funds, real estate, venture capital and private equity funds. The team now advises a range of fund sector clients on the structuring, establishment and regulatory aspects of their funds. It continues to advise on the launch of a variety of funds and sub-funds that invest in a wide variety of assets.

Practice head(s):

Trevor Dolan


Other key lawyers:

Emile Mullan


Testimonials

‘The investment funds practice stands out due to its deep industry expertise, extensive network, and a keen commercial perspective that ensures client-focused solutions.’

‘The team’s strong industry knowledge is complemented by well-established contacts within the funds industry, enabling them to provide insights and advice that are both practical and strategic.’

‘Clients can trust that they are partnering with a team that not only understands the intricacies of the funds industry, but also brings a forward-thinking, client-centric approach to every engagement.’

Key clients

G Squared Equity Management


Drumcliffe ICAV


Keeling Capital


AON PLC


OCP


Northern Trust


Sphereinvest ICAV


NextEnergy Capital


Óskare ICAV


The Good Investors


Work highlights


  • Advised on the launch of a new share class, a sub-fund of Sphereinvest ICAV, which is a regulated corporate umbrella fund vehicle that is managed by Sphereinvest in Malta and authorised by the Central Bank of Ireland.
  • Advised on the establishment of an Irish 1907 Limited Partnership Fund, which invests in decarbonisation technologies across key sectors of food and agriculture, energy, built environment, heavy industry, mobility and transport, and carbon management.
  • Advised on the launch of a sub-fund of G Squared Opportunities ICAV which is a regulated corporate umbrella fund vehicle that is managed by G Squared Equity Management and is investing in OpenAI.

Mason Hayes & Curran LLP

Mason Hayes & Curran LLP experienced considerable change within its investment funds team in 2023 and 2024 with the departure of former department head Conor Durkin  and the arrival of Anthony O’Hanlon (‘an exceptionally talented and ambitious lawyer‘) as a partner from Arthur Cox. The firm is best known for regulatory matters, though is building its standing in fund structuring and establishment. Of counsel Joanne O’Rourke , a regulatory specialist, has also joined from McCann FitzGerald LLP, while Rowena Fitzgerald and Sarah Cloonan are additional regulatory experts. Sara O’Reilly also left the firm.

Practice head(s):

Rowena Fitzgerald; Anthony O’Hanlon; Sarah Cloonan


Other key lawyers:

Joanne O’Rourke


Testimonials

‘Very considerate of our requirements. Highly responsive.’

‘MHC can advise clients on a full service basis. They are particularly strong where a financial services client requires specialist advice like data protection, corporate advice, banking and regulatory. The arrival of Anthony Hanlon will further bolster their capabilities in this area.’

‘Anthony Hanlon’s arrival at the firm is one to watch. An exceptionally talented and ambitious lawyer with a great pedigree and a hunger to grow the business. Client focused, utterly professional and a pleasure to deal with. I am excited to see how the practice grows under his guidance.’

‘The MHC funds team produce a high quality of know-how publications which I always find useful and sets them apart from their other smaller team peers in the market. ’

‘Anthony O’Hanlon is a very good lawyer in the space, highly commercial and personable. ’

Key clients

Camac Growth Fund ICAV, Tetrarch ICAV, Vermeer UCITS ICAV and Estela Capital ICAV


Tetrarch ICAV


Vermeer UCITS ICAV


Work highlights


  • Provided training to Camac Growth Fund ICAV, Tetrarch ICAV, Vermeer UCITS ICAV and Estela Capital ICAV to ensure that they have appropriate knowledge of a newly applicable conduct standards framework which has been introduced by the Central Bank.
  • Advised Tetrarch ICAV on the extension of the duration of the Tetrarch Commercial Real Estate sub-fund while solving several issues which arose during the extension process.
  • Advised Vermeer UCITS ICAV on a change of manager for the ICAV.

Pinsent Masons LLP

Pinsent Masons LLP has relaunched its investment funds practice with the hire of UCITS expert Conor Durkin from Mason Hayes & Curran LLP. The refreshed team has strong domestic credentials, though frequently works alongside colleagues in the UK on cross-border instructions. Alongside the firm’s international presence, the Dublin department is well positioned to advise on UCITS, private fund launches and the ILP product. The group is working intensively in the ESG field and frequently advises on licensing and regulatory matters. Credit funds is another forte.

Practice head(s):

Conor Durkin


Testimonials

‘I had the pleasure of working with Pinsent Masons on a number of occasions and my experience has been positive. The firm’s knowledge in respect of Irish investment funds law is exceptional. ’

‘Conor Durkin is a leading expert in Irish UCITS Law, he has an exceptional ability to digest complex legal matters and present them to non lawyers in a clear manner.’

 

Key clients

Fineco Asset Management


Gresham House Asset Management


LGT Wealth Management UK


Dalmore Capital


Regenerate Asset Management


Work highlights


  • Advised Fineco Asset Management on its dual authorised UCITS management company and AIFM with MiFID top up permissions.
  • Acted for Gresham House on the establishment of Gresham House international Forestry Fund.
  • Advised LGT on the distribution of its flagship UCITS platform throughout the EEA.