In order to sell their expertise to German institutional and retail investors, non-German asset managers must find ways to operate in the German investment market. This has become much more difficult under the Alternative Investment Fund Managers Directive. An attractive option is to cooperate with a German Master-KVG.
We have recently published a new client briefing note which considers the relevance of Master-KVGs in the German asset management industry and summarises the most important commercial facts along with the relevant legal, regulatory and tax issues. The briefing note also takes a closer look at Master-KVGs specialised in real estate funds.