Ballybunion Capital Limited (Ballybunion) and INDOS Financial (Ireland) Depositary Limited (INDOS) will provide AIFM and Depositary services respectively to Adit Global Growth, ILP.
This is the first ILP product to be supported jointly by Ballybunion and INDOS since both companies joined JTC Group. Dillon Eustace provided legal services for this ILP. The investment partnership, which will be distributed to a number of European countries and the UK, is expected to raise up to USD50 million.
The ILP regime in Ireland was updated in 2021 to attract increased private capital into the country with managers obtaining a number of benefits including tax treaties which Ireland has negotiated with various third countries.
