German Fund Structures in Light of Recent Tax Developments

On June 25, 2026, a panel of high-profile experts discussed the latest tax developments regarding German fund structures at MUPET in Munich. The focus was on the market standard that continues to prevail—the tax-efficient asset-managing fund partnership—as well as the structuring alternatives opened up by the Location Promotion Act (Act on the Promotion of Private Investment and the Financial Center). Particular attention was paid to German special funds as parallel vehicles to commercial fund partnerships.