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US Bank adds Irish Limited Partnership funds to service offerings

US Bank announced it is expanding services to include Irish Limited Partnership (ILP) funds, providing an end-to-end solution across loan administration, fund and investor services, depositary, custody and account banking.

“We’re presently meeting with current and prospective US Bank clients about providing servicing solutions for ILP structures which they are currently forming. Our team has extensive experience in supporting regulated Alternative Investment Funds (AIF) in addition to closed-ended debt funds structured as partnerships in other domiciles,” says Linda Gorman, US Bank Global Fund Services. “We look forward to assisting our global clients as they add ILP structures to their product suite.”
US Bank has established a comprehensive ILP solution as part of it its product offering. US Bank’s Global Fund Services, Depositary Services and Global Corporate Trust business lines combine to provide a holistic, one US Bank approach enabling the provision of fund administration, depositary, loan administration custody and account banking services to be delivered through an integrated relationship management model.
“We bring industry expertise that not every administrator has,” Gorman says. “The features of the ILP structure are comparable to those in other fund jurisdictions such as Luxembourg where we already provide services to partnership structures – allowing Ireland to become a jurisdiction of choice for private equity, infrastructure and closed-ended funds. We’ll help our ILP clients stay a step ahead and achieve speed to market with their fund launch as we collaborate with our teams around the globe.”

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