AIFM Directive — a look into the future

The objec­tive of the AIFM Direc­tive is to estab­lish common requi­re­ments for the autho­riza­tion and super­vi­sion of alter­na­tive invest­ment fund mana­gers in order to ensure a consis­tent approach to the asso­cia­ted risks and their conse­quen­ces for inves­tors and markets in the Euro­pean Union. — Accor­din­gly, German private equity funds are facing drastic deve­lo­p­ments: the AIFM discus­sion draft regu­la­tes various inves­tors and, as a mana­ger regu­la­tion, leads to sustainable struc­tu­ral chan­ges in the industry.