AIFM &
Securitisation
Our Partners
Alternative Investment Fund Manager (AIFM)
As a German AIFM (§ 2 (4), 44 KAGB), Super Global specializes in structuring and administrating special funds across nearly all asset classes, including liquid strategies and real estate.
We set up and manage tailored fund solutions for asset managers, family offices, pension funds, and other institutional investors.
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Portfolio management
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Risk management
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Administration
Securitisation
As a Luxembourg-based issuance platform, Super Global specializes in structuring and managing securitized investment vehicles, transforming investment ideas into bankable securities Actively Managed Certificates (AMCs), Real Assets and alternative investments, all structured without issuer risk and fully compliant with regulatory, investment, and tax requirements.
As a one-stop shop, we cover the entire value chain – from product setup to administration and lifecycle management.
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Design & Setup
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Administration
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Listing & Rating
Super Global
Super Global is a leading independent AIFM and securitisation specialist, providing tailored fund and structuring solutions.
We offer a one-stop-shop for the setup, administration, and management of special funds and securitisation vehicles across various asset classes, including liquid strategies, real estate, Actively Managed Certificates (AMCs), Exchange Traded Instruments (ETIs), green bonds, and digital assets such as crypto.
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Frequently Asked Questions
Securitisation
What is securitisation?
Securitisation is the process of pooling financial assets and issuing securities backed by those assets. It allows investors to gain exposure to specific asset classes while isolating risks. Additionally, securitisation makes all kinds of assets bankable and manageable, enabling structured access to alternative investments, illiquid assets, and customized financial products.
What is a Luxembourg securitisation vehicle?
A Luxembourg securitisation vehicle (SV) is an entity established under the Luxembourg Securitisation Law (2004) that issues securities backed by assets. It benefits from a flexible regulatory framework and strong investor protection.
What are Actively Managed Certificates (AMCs)?
AMCs are structured products that allow active management of underlying assets. They offer flexibility for dynamic investment strategies and are commonly issued through securitisation vehicles. Legally, these structures are referred to as "compartments" within a securitisation vehicle, but the term "AMC" is often used synonymously in market practice.
How does Luxembourg Securitisation Law protect investors, and what are compartments?
The Luxembourg Securitisation Law of 2004 provides strong investor protection through several key mechanisms:
Bankruptcy remoteness:
The securitised assets remain separate and ring-fenced from the issuer’s other liabilities.
Compartmentalisation:
Each securitised transaction is structured as a separate compartment, meaning assets and liabilities are legally and financially segregated. This ensures that investors in one compartment are not affected by the performance of another.
Flexibility:
The law allows securitisation of a wide range of asset types.Compartments function as independent sub-structures within a securitisation vehicle, each with its own risk, return, and investor group. This separation ensures transparency and risk isolation for different investment strategies.
Can real assets such as real estate be securitised?
Yes, securitisation can be used to structure real assets, including real estate, infrastructure, and even collectibles like art or classic cars. This allows investors to gain fractional exposure to these assets without direct ownership while benefiting from liquidity, risk diversification, and professional management.
Why use Luxembourg for securitisation?
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Robust legal framework
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Investor protection through segregation
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Tax efficiency
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Flexibility in asset types and structuring
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Established financial ecosystem with top-tier service providers
Alternative Investment Fund Manager (AIFM)
What is an Alternative Investment Fund Manager (AIFM)?
An AIFM is a regulated entity responsible for managing Alternative Investment Funds (AIFs) under the Alternative Investment Fund Managers Directive (AIFMD). AIFMs must comply with strict risk management, reporting, and investor protection requirements.
What is an investment fund?
An investment fund is a pooled investment vehicle where multiple investors contribute capital, which is then managed by professionals to invest in different asset classes such as stocks, bonds, real estate, and alternative investments. Funds provide diversification, professional management, and access to markets that might otherwise be difficult for individual investors to enter.
What are the advantages of Germany as a fund domicile?
Germany offers multiple advantages as a fund domicile:
- Strong regulatory framework under the BaFin (Federal Financial Supervisory Authority).
- Stable legal system providing investor protection and legal certainty.
- Tax efficiency with Special funds benefiting from tax transparency for institutional investors.
- Access to European markets
What is a special fund in Germany?
A special fund is a German investment fund primarily designed for institutional, semi-institutional, and professional investors. These include high-net-worth individuals (HNWIs), family offices, asset managers, pension funds, insurance companies, and corporates. Special funds offer high flexibility in terms of investment strategy and asset allocation while benefiting from tax advantages and a well-established regulatory framework.
What types of assets can be held in Special funds?
Special funds can hold a wide range of assets, including:
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Listed securities (stocks, bonds, ETFs)
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Real estate (direct or indirect holdings)
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Infrastructure investments
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Private equity and venture capital
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Hedge funds and alternative investments
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Private debt and structured credit
Press & News
Hedging is the name of the game
Market volatility in the United States remains elevated, and institutional investors are increasingly turning to active hedging strategies.
Commodities return to the forefront
Commodities are gaining renewed relevance in the strategic asset allocation of institutional portfolios.
Why AMCs are gaining popularity among asset managers
The growing demand is primarily driven by the simplicity and flexibility that this form of securitisation provides for institutional investors.
Revision of the AIFMD: extra work for lawyers, improvements for investors
The EU has revised the AIFMD, adjusting the regulatory tool intended for the “grey” capital market.
Is securitization replacing traditional German Spezialfonds?
We explore how securitizations could complement – or even replace – traditional German Spezialfonds. What opportunities does this present for institutional investors?
Compartments – the return of tangible assets
Luxembourg compartments, as a form of securitisation, can provide a better way to meet rebounding demand for traditional tangible assets.
Board Members
Dr. Oliver Decker
is a partner and head of Financial Services at Grant Thornton Legal. He advises on regulatory, banking, and investment law, specializing in structuring alternative investment funds for institutional investors, including asset managers, AIFMs, insurers, and pension funds. His expertise includes fund structuring, securitisation (Fund-Linked Notes), BaFin licensing, and ESG investments. As a board member of Super Global, he contributes his legal and regulatory expertise to our strategic development and governance.
Daniel Knoblach
is a seasoned expert in structuring investment vehicles for professional and institutional clients. With a background in family office management, he has extensive experience in fund structuring, securitisation, and alternative investments. As Managing Partner of the Super Global Group, he leads strategic fund solutions and innovative investment structures. He also serves as a board member of various funds and securitisation platforms.
Dr. Maximilian Himmerich
brings extensive leadership experience from managing large-scale structures in the healthcare sector. As a board member, he contributes his strategic oversight, governance expertise, and independent supervisory function, ensuring robust decision-making and risk management. His background in leading complex organizations provides valuable insights into operational efficiency.