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1. The company is a capital management company within the meaning of the German Capital Investment Code (KAGB). The object of the company is the management of domestic investment funds, EU investment funds or foreign AIFs (collective asset management). 2. The following domestic investment funds are the subject of collective asset management: - Undertakings for collective investment in transferable securities (UCITS) pursuant to Section 1 (2) in conjunction with Sections 192 et seq. KAGB, - Mixed investment funds pursuant to Sections 218 et seq …
1. The company is a capital management company within the meaning of the German Capital Investment Code (KAGB). The object of the company is the management of domestic investment funds, EU investment funds or foreign AIFs (collective asset management). 2. The following domestic investment funds are the subject of collective asset management: - Undertakings for collective investment in transferable securities (UCITS) pursuant to Section 1 (2) in conjunction with Sections 192 et seq. KAGB, - Mixed investment funds pursuant to Sections 218 et seq. KAGB, - Other investment funds pursuant to Sections 220 et seq. KAGB, - Funds of hedge funds pursuant to Sections 225 et seq. KAGB, - Special real estate funds pursuant to Sections 230 et seq. KAGB, - Infrastructure special funds pursuant to Sections 260a et seq. KAGB, - Closed-end domestic public AIFs pursuant to Sections 260a et seq. KAGB, - Closed-end domestic retail AIFs pursuant to Sections 225 et seq. KAGB, - Special real estate funds pursuant to Sections 230 et seq. KAGB, - Infrastructure special funds pursuant to Sections 260a et seq. KAGB, - Closed-end domestic retail AIFs pursuant to Sections 260a et seq. KAGB, - Closed-end domestic public AIFs pursuant to Sections 260a et seq. KAGB 261 et seq. KAGB - which invest in the following assets: - Real estate, including forest, forestry and agricultural land, - Ships, ship superstructures, ship components and ship spare parts, - Aircraft, aircraft components and aircraft spare parts, - Installations for the generation, transport and storage of electricity, gas or heat from renewable energies, - Rail vehicles, rail vehicle components and rail vehicle spare parts, - Infrastructure that is suitable for assets within the meaning of section 261 (2) nos. 2, 4 and 5 KAGB, - assets pursuant to section 261 (1) nos. 2 to 6 KAGB, - securities pursuant to section 193 KAGB, - money market instruments pursuant to section 194 KAGB, - bank deposits pursuant to section 195 KAGB, - money loans pursuant to sections 261 (1) no. 8, 285 (3) sentences 1 and 3 KAGB to companies in which the closed-end public AIF already holds a shareholding, - Closed-end domestic special AIFs pursuant to Sections 285 et seq. KAGB - including AIFs that gain control over unlisted companies and issuers pursuant to Sections 287 et seq. KAGB - which invest in the following assets: - Real estate, including forests, forestry and agricultural land, - Ships, ship superstructures, ship components and ship spare parts, - Aircraft, aircraft components and aircraft spare parts, - Installations for the production, transport and storage of electricity, gas or heat from renewable energies, - rail vehicles, rail vehicle components and rail vehicle spare parts, - infrastructure used for assets within the meaning of section 261 (2) nos. 2, 4 and 5 KAGB, - assets pursuant to section 261 (1) nos. 2 to 6 KAGB, - securities pursuant to section 193 KAGB, - money market instruments pursuant to section 194 KAGB, - bank deposits pursuant to section 195 KAGB, - money loans pursuant to section 285 (2) KAGB, - cash loans pursuant to section 285 (3) KAGB to companies in which the closed-end special AIF already has a stake, - crypto assets within the meaning of section 1 (11) sentence 4 of the German Banking Act for investment purposes, if their market value can be determined; - Open-ended domestic special AIFs with fixed investment conditions in accordance with Section 284 (1) and (2) KAGB, which invest in the following assets: a) securities, b) money market instruments, c) derivatives, d) bank deposits, e) real estate, f) participations in real estate companies, g) shares or shares in domestic open-ended investment funds as well as in corresponding open-ended EU or foreign investment funds, h) participations in PPP project companies and infrastructure project companies, if the market value of these participations can be determined, (i) precious metals, unsecuritized loan receivables and company participations, if the market value of these participations can be determined; j) crypto assets within the meaning of Section 1 (11) sentence 4 of the Banking Act for investment purposes, if their market value can be determined; k) as well as money loans pursuant to sections 284 (5) and 285 (3) KAGB to companies in which the special AIF already holds a stake - General open-ended domestic special AIFs pursuant to section 282 KAGB - including hedge funds pursuant to section 283 KAGB - which invest in the following assets: - The assets referred to in section 284 (1) and (2) KAGB: a) securities, b) money market instruments, c) derivatives, d) bank deposits, e) real estate f) participations in real estate companies, g) shares or shares in domestic open-ended investment funds as well as in corresponding open-ended EU or foreign investment funds, h) participations in PPP project companies and infrastructure project companies, if the market value of these participations can be determined, i) precious metals, unsecuritized loan receivables and company participations, if the market value of these participations is determined j) crypto assets within the meaning of Section 1 (11) sentence 4 of the German Banking Act for investment purposes, if their market value can be determined; - Hedge funds pursuant to Section 283 KAGB, - Closed-end domestic retail AIFs pursuant to Sections 261 et seq. KAGB - which invest in the following assets: - Real estate, including forests, forestry and agricultural land, - Ships, ship superstructures, ship components and ship spare parts, - Aircraft, aircraft components and aircraft spare parts, - Installations for the generation, transport and storage of electricity, gas or heat from renewable energies, - Rail vehicles, rail vehicle components and spare parts, - infrastructure used for assets pursuant to section 261 (2) nos. 2, 4 and 5 KAGB, - assets pursuant to section 261 (1) nos. 2 to 6 KAGB, - securities pursuant to section 193 KAGB, - money market instruments pursuant to section 194 KAGB, - bank deposits pursuant to section 195 KAGB, - money loans pursuant to sections 261 (1) no. 8, 285 (3) sentences 1 and 3 KAGB to companies, in which the closed-end public AIF already has a stake, - Closed-end domestic special AIFs pursuant to Sections 285 et seq. KAGB - including AIFs that acquire control of unlisted companies and issuers pursuant to Sections 287 et seq. KAGB -, which invest in the following assets: - Real estate, including forest, forestry and agricultural land, - Ships, ship superstructures, ship components and ship spare parts, - Aircraft, aircraft components and aircraft spare parts, - installations for the generation, transport and storage of electricity, gas or heat from renewable energies, - rail vehicles, rail vehicle components and rail vehicle spare parts, - infrastructure used for assets within the meaning of section 261 (2) nos. 2, 4 and 5 KAGB, - assets pursuant to section 261 (1) nos. 2 to 6 KAGB, - securities pursuant to section 193 KAGB, - money market instruments pursuant to section 194 KAGB, - bank deposits pursuant to section 195 KAGB, - money loans pursuant to section 285 (2) KAGB, - cash loans pursuant to section 285 (3) KAGB to companies in which the closed-end special AIF already has a stake, - crypto assets within the meaning of section 1 (11) sentence 4 of the German Banking Act for investment purposes, if their market value can be determined; - Development promotion funds in accordance with §§ 292a et seq. KAGB 3. In addition, collective asset management includes EU UCITS, EU AIFs or foreign AIFs whose permissible assets correspond to those for domestic investment funds; and EL-TIF, which invest exclusively the assets referred to in this Paragraph 3(2). 4. The Company operates the following services and ancillary services: - the management of individual assets invested in financial instruments within the meaning of Section 1 (11) of the Banking Act for others with decision-making leeway, including the portfolio management of third-party investment funds (financial portfolio management), - the management of individual assets not invested in financial instruments within the meaning of Section 1 (11) of the Banking Act for others with decision-making leeway (individual asset management), - investment advice in relation to financial instruments within the meaning of Section 1 (11) of the Banking Act, - investment advice in relation to assets that are not financial instruments within the meaning of Section 1 (11) of the Banking Act, - custody and management of units in domestic investment funds, EU investment funds and foreign AIFs for others, - the distribution of shares or shares in third-party investment funds, - the brokerage of transactions concerning the acquisition and sale of financial instruments (investment brokerage), - the conclusion of retirement savings contracts pursuant to Section 1 (1) of the Retirement Provision Contracts Certification Act as well as contracts for the establishment of an own funded pension scheme within the meaning of Section 10 (1) No. 2 (b) of the Income Tax Act, - the making of a promise to the investor that, upon redemption of shares, termination of the management of financial instruments within the meaning of pursuant to Section 1 (11) of the German Banking Act and the termination of the custody and management of shares in domestic investment funds, EU investment funds and foreign AIFs, at least a certain or determinable amount is paid to the investor (minimum payment commitment), - Other activities directly related to the services and ancillary services referred to in this paragraph.
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