Investment Funds 2025

GERMANY Law and Practice Contributed by: Amos Veith, Jens Steinmüller, Ronald Buge and Stephan Schade, POELLATH

POELLATH has one of the largest and most experienced fund structuring practices in con - tinental Europe, with locations in Berlin, Frank - furt and Munich, and around 60 professionals. It is a market leader in the structuring of private equity funds in Germany, and maintains strong relationships with local law firms in jurisdictions outside the country. The firm advises initiators of, and investors in, private equity funds and worldwide fund participations in the area of al - ternative investments. The team has extensive expertise in fund structuring; advice regarding the Alternative Investment Fund Managers Di -

rective (AIFMD), the German Capital Investment Act (KAGB) and the Markets in Financial Instru - ments Directive II (MiFID II); asset management; and secondary transactions. This includes all relevant fund structures in private equity, mez - zanine/private debt, distressed debt, real es - tate, infrastructure, natural resources/energy, education, hybrid funds, hedge funds, crypto/ digital assets funds, captive funds, master- feeder structures, separate accounts, GP-led continuation funds and specialised funds, as well as primary and secondary funds of funds.

Authors

Amos Veith is a partner and the co-head of the private funds department at POELLATH. He provides fiscal and legal advice

Jens Steinmüller is a partner and co-head of the private funds team at POELLATH, and advises on fund-related legal, regulatory and tax issues. He has particular experience in developing

to domestic or foreign institutional and private

investors and initiators in the areas of private equity funds and funds of funds in the private equity, mezzanine and secondaries sectors. His publications include articles on the taxation of investments and the regulatory and tax aspects of fund structures. He is the editor of the Frankfurt commentary on private equity. Amos has an LLM degree and has authored and co-authored several articles, including recently in the Private Equity and Venture Capital Funds handbook.

tailor-made approaches to alternative investments, with a focus on German insurance companies, pension funds and banks investing directly, via a fund of funds or via managed account structures. He frequently contributes to the work of professional bodies and has written numerous articles relating to investment funds. Jens is also a co-editor of a commentary regarding the new German Investment Fund Tax Act, and a member of the advisory board of a German journal on legal topics relating to financial instruments.

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