The Private Fund Limited Partnership: a new fund vehicle for the UK

Purpose: To explain the UK government’s long-awaited reforms to limited partnership law. Design/methodology/approach: This article discussed the key updates to limited partnership law in the UK that the reforms represent, and draws some conclusions as to what may lay ahead. Findings: This article concludes that the new regime is a welcome step and one that should help the United Kingdom to remain competitive as a jurisdiction for global fund formation in the face of competition from other jurisdictions. Originality/ value: This article contains key details on the new limited partnership regime in the UK.