Opalesque Features Akin Gump Alert on Change in German Investment Rules
Opalesque, a news service catering to the alternative investment sector, has featured the Akin Gump client alert “AIFMD Update – German Private Placement Rules” in an article published today.
The alert discusses changes to the private placement rules for marketing of alternative investment funds (AIFs) in Germany following the July 22 implementation of the Alternative Investment Fund Managers Directive in the EU. One topic is how the new German rules will distinguish between three categories of investors: (1) professional investors, which include banks, investment firms, insurance companies, national and regional governments and large corporate entities; (2) semi-professional investors, which include investors who invest at least €10,000,000, or at least €200,000 (if they also meet the suitability test), or executives and employees of the relevant AIF or its manager; and (3) retail investors.
To read the full alert, please click here.