German Investment Tax Reform 2018: Special funds can still offer tax transparency

06. Nov 2017

The market for closed-end property AIFs has returned to its growth path. The figures pub-lished by Deutsche Bundesbank in September 2017 show that the segment has recorded growth of around 17 percent in the past two years. Net fund assets increased from €18.4 billion in September 2015 to around €19.5 billion one year later and around €21.5 billion in September 2017. The Bundesbank statistics do not make a distinction between closed-ended special AIFs and closed-ended retail AIFs.

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