• Case Study A – Qualified Investor Fund
  • Case Study B – Qualified Investor Fund
  • Case Study C – UCITS Hosting
  • Case Study D – ETF ISE Listing & passport to LSE Admission to Trading

CASE STUDY A – QUALIFIED INVESTOR FUND

US private equity client with an Asian-based institutional client who wanted to invest in a US fund.

Requirements

  • Onshore regulated investment structure
  • Benefit from the US/Ireland double tax treaty via QIF
  • Outsource investment management function and QIF regulatory oversight

Davy Investment Fund Services role

  • Assisted in establishment of Irish regulated QIF
  • Acted as authorised Investment Manager and Promoter to the QIF structure
  • Managed relationships with third party custodian, fund administrator and auditor, and assisted with statutory and other reporting obligations

Client

  • Appointed as Investment Advisor to the QIF
  • Representation on QIF Board of Directors

CASE STUDY B – QUALIFIED INVESTOR FUND

European Private Real Estate entity seeking a tax efficient vehicle to acquire a portfolio of existing and new assets.

Requirements

  • Regulated investment structure
  • Benefit from Ireland double tax treaty network
  • Client was not a regulated Investment Manager and did not wish to undergo authorisation process
  • Outsource investment management function and QIF regulatory oversight

Davy Fund Services role

  • Assisted in establishment of Irish regulated QIF
  • Acted as authorised Investment Manager and Promoter to QIF structure
  • Managed relationships with third party custodian, fund administrator and auditor and assisted with statutory and other reporting obligations

Client

  • Appointed as Investment Advisor to the QIF
  • Client representatives joined QIF Board

CASE STUDY C – UCITS HOSTING

US Investment Manager seeking to raise capital from European investors

Requirements

  • Investors required a listed UCITS regulated structure
  • Investment Manager did not want to resource an in-house UCITS unit
  • Fee and infrastructure needed to be compelling alternative to establishing in-house

Davy Investment Fund Services role

  • Provided UCITS compliant infrastructure
  • Listed the fund (Davy)
  • Project managed the fund launch with the client

Client

  • Client appointed discretionary investment manager following approval by the Central Bank of Ireland

CASE STUDY D – ETF ISE LISTING & PASSPORT TO LSE ADMISSION TO TRADING

US asset manager seeking to extend current product range with European listed ETFs

Requirements

  • List an Exchange Traded Fund (ETF), authorised as an Irish regulated UCITS on the Irish Stock Exchange (ISE)
  • Passport the ISE listed ETF to trading on London Stock Exchange (LSE)
  • Thereby, accessing cost effective and timely route to liquidity on the London market

Davy role

  • Appointed as Sponsoring Broker
  • Managed ISE listing application
  • Secured admission to trading on LSE
  • Provided ongoing listing advice