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The funds shown on the website "institutional Investors" of KGAL GmbH & Co. KG are exclusively for professional and semi-professional investors and not qualified for private investors.

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You are a Qualified Purchaser if you qualify as one of the following:

You are a partnership, a corporation, a limited liability company or another entity (other than trusts) and

  1. this partnership, corporation, limited liability company or other entity owns at least $5 million in Investments and is owned directly or indirectly by two or more natural persons who are related as siblings or spouses (including former spouses), or direct descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons; or
  2. you acting for your own account or the accounts of other “qualified purchasers” and own and invest in the aggregate at least $25 million in Investments; or
  3. your beneficial owners are “Qualified Purchasers”; or
  4. you are a qualified institutional buyer, meeting the requirements of Rule 2a51-1(g) promulgated under the Investment Company Act of 1940, who has at least $25 million in discretionary Investments

You are a trust and

  1. the trust owns at least $5 million in Investments and the trust is owned directly or indirectly by two or more natural persons who are related as siblings or spouses (including former spouses), or direct descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons; or
  2. trust was not formed for the purpose of acquiring the limited partnership interests of any fund mentioned on this website and the trustee or other person authorized to make decisions with respect to the trust, and each settlor or other person who has contributed assets to the trust, is a person described in a. or b. (i) above or in b. (iii) or c. below; or
  3. you are acting for your own account or the accounts of other “Qualified Purchasers” and own and invest in the aggregate at least $25 million in Investments.

You are a natural person and

  1. you act for your own account and own at least $5 million in Investments (including joint Investments with your spouse) or
  2. you act for your own account or for the accounts of other “Qualified Purchasers” and own and invest in the aggregate at least $25 million in Investments.

KGAL appoints new Head of Open Investment Funds

As of 1 September 2022, Michael Kohl will take over strategic product responsibility and development for the open-ended funds of KGAL Investment Management GmbH & Co. KG. In this role, he will be responsible for KGAL’s real estate fund launched in 2019, the immoSUBSTANZ, as well as the open infrastructure mutual fund scheduled for launch next year. At the same time, he will also support new product development in this area on behalf of the entire Group.

Kohl can draw upon more than 25 years of experience as a tax consultant at EY and from various management positions in the Commerzbank Group. Following positions at Commerz Real AG, where he was responsible for all of the company's real estate funds, most recently he was also Managing Director responsible for asset management in Commerzbank AG‘s private client business. Through his knowledge of sales requirements and typical bank guidelines, he will be able to make a significant contribution to the launch of sustainable funds in accordance with the EU Disclosure and Taxonomy Regulation.

"Based on our strong institutional business, KGAL will now also become suitable for retail investors due to its ability to offer attractive open-ended fund products in its core areas of real estate and renewable energies," emphasises Florian Martin, Managing Director of KGAL Investment Management GmbH & Co KG. On this basis, KGAL will place a particular focus on sustainable funds in accordance with the above-mentioned EU requirements, meet the sales requirements under MiFID II that have been in force since August, and therefore satisfy the growing appetite for these products among retail investors.


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