Fund manager SEB Investment has received a licence to launch and manage alternative investment funds (AIFs) from Germany’s Federal Financial Supervisory Authority (BaFin).
Fund manager SEB Investment has received a licence to launch and manage alternative investment funds (AIFs) from Germany’s Federal Financial Supervisory Authority (BaFin).
The authorisation to operate as a domestic alternative investment fund manager comprises launching and managing open-ended and closed-end mutual and special funds. The authorisation covers real estate, securities, equity investments and PPP project companies.
SEB is working on the first new real estate products for retail investors. At the same time, the company is holding discussions about new closed-end AIF products for professional investors.
'Thanks to our AIFM licence, we are one of the first fund management companies to be able to expand our business activities across the entire regulated real estate world and to offer our national and international clients both closed-end mutual AIFs and special AIFs in future,' said Barbara Knoflach, CEO of SEB Asset Management and managing director of SEB Investment. 'The European passport will allow us to distribute tailored solutions in all EU countries going forward.'
