Do you acquire German KAGs?

Yes. We consider German KAGs, AIFM licences and special AIFs across a range of alternative strategies.

Can a German AIFM licence be sold?

AIFM licences are not freely traded, but the underlying management company can often be acquired or the management function transferred with BaFin approval.

Is there any cost to the seller?

No. There is no fee, retainer or success commission payable by the seller. Our fees are borne by the acquiring counterparty.

BaFin — Germany

AIFMD fund acquisitions in Germany.

Germany's AIFM landscape includes KAGs, externe AIFM-Verwalter and a growing number of special AIFs. Regulatory intensity has increased under AIFMD II, the AnlV and the KAGB, making small and mid-sized platforms expensive to maintain. Many German managers are open to transferring management or selling the KAG.

No fee to sellers — the buyer covers our costs

Enquire about Germany Return to overview

When sellers in Germany call us

Common situations we see in the BaFin market.

A German KAG or special AIF manager is seeking a buyer for the management company or licence.

The fund has matured and the sponsor is weighing the cost of continuing against a structured sale.

A family office or club deal was set up under the KAGB and is now non-core.

AIFMD II substance and reporting requirements are pushing the manager to seek a larger platform partner.

Transaction routes

How a transfer can be structured in Germany.

Full acquisition of the German special AIF or fund vehicle

Transfer of the AIFM or KAG management function to a buyer's existing German platform

Merger or consolidation into a larger German or cross-border umbrella structure

Acquisition of the German KAG or AIFM licence, where legally transferable

Orderly restructuring as an alternative to German liquidation or dissolution

Why sellers in Germany choose us

No fee to the seller — our compensation is borne by the acquiring counterparty

Experience with BaFin-regulated KAGs and German AIFM structures

Access to buyers seeking German licences, KAGs and special AIFs

Confidential process with NDA protection from first contact

Confidential enquiry

Begin a private conversation about Germany.

Share only what you are comfortable sharing. Anonymous enquiries are accepted, and no fund names or identifying details are required before a non-disclosure agreement is in place.

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Mutual NDA — version 1.0, 20 August 2026

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Your enquiry will be reviewed personally by a member of our team. We typically respond within two business days.