The Irish Collective Asset-management Vehicle (ICAV), which was introduced in 2015, is a corporate vehicle designed specifically for Irish domiciled and regulated investment funds. The Central Bank of Ireland is the national competent authority for investment funds in Ireland and in addition acts as the registrar for ICAVs. All ICAVs must registered and authorised by the Central Bank of Ireland.
I have been informed by the Central Bank of Ireland that in relation to AIF ICAVs, as at 31st of May 2019 the position is as follows:
- Number of AIF ICAVs (including sub-funds and standalone funds) = 998
- AIF ICAVs as % of total AIFs = 34.85%
- AIF ICAVs total NAV = €178.6 billion (rounded)
- AIF ICAVs total NAV as % of AIF total NAV = 26.39%