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Can a private fund limited partnership open a bank account in the UK?

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Published by a LexisNexis Corporate expert
Published on: 07 March 2024
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It is assumed that the relevant private fund limited partnership (PFLP) is established in England under the Limited Partnerships Act 1907 (LPA 1907).

A PFLP is a form of limited partnership vehicle under LPA 1907 introduced into UK law by the Legislative Reform (Private Fund Limited Partnerships) Order 2017 (LRO), SI 2017/514 to provide for a more effective vehicle for the purposes of private equity and venture capital investments. As with other forms of limited partnership established in England, a PFLP does not have legal personality. This means that a PFLP cannot itself

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United Kingdom
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