Following several reforms to the Irish private funds framework in recent years, private fund managers are strongly considering Ireland as a potentially attractive domicile for onshore E.U. funds. Simmons & Simmons recently hosted a webinar discussing the appeal of domiciling private funds in Ireland and the approach of its regulator – the Central Bank of Ireland (CBI). The program was moderated by Simmons & Simmons partner James McKnight and featured his partner, David Williams, as well as James O’Sullivan, Head of Funds Authorization at CBI. This first article in a two-part series outlines considerations for fund managers weighing whether to change their funds’ domiciles; developments in Ireland’s private funds infrastructure; and key differences between the Irish investment limited partnership and vehicles in other jurisdictions. The second article will examine the new license for depositories for closed-end funds, as well as how the proposals in the recast Alternative Investment Fund Managers Directive regarding loan origination funds and reforms to the European long-term investment fund may interact with and influence existing regimes in Ireland. For additional insights from Simmons & Simmons attorneys, see our two-part series: “Scope of Global Sanctions From the Ukraine/Russia War and How Designated Person Standards Affect Fund Managers” (May 10, 2022); and “ESG Triggers, Restricted Secondaries Activity and Other Ways the Russia/Ukraine War Is Affecting PE Investments” (May 17, 2022).