Document background
The Venture Capital Partnership Agreement is a fundamental document used when establishing a venture capital fund in Ireland. It serves as the cornerstone agreement that governs the relationship between investors (Limited Partners) and fund managers (General Partners), setting out the terms under which the partnership will operate. This document is essential for funds seeking to take advantage of Ireland's favorable regulatory environment for venture capital investments and must comply with the Investment Limited Partnerships Act 1994 (as amended in 2020), along with relevant EU regulations. The agreement typically covers crucial aspects such as capital commitments, investment strategy, management fees, carried interest arrangements, governance structure, and exit provisions. It's particularly relevant for funds targeting investments in high-growth sectors and requires careful consideration of both Irish domestic law and EU regulatory requirements.
