LHI Leasing has chosen CACEIS as depot bank for the closed-end funds under the Alternative Investment Fund Managers Directive (AIFMD) and its national enactment in the German Capital Investment Act (KAGB). In the coming weeks, LHI and CACEIS will establish the organisational framework to launch two real estate and renewable energy funds.
“It was central to our decision that CACEIS offers all relevant asset classes as a Depotbank from the very start and is prepared to expand the offer to additional asset classes,” says Oliver Porr, Managing Director at LHI Leasing and Chairman of the Executive Board of the German closed-end fund association (VGF). In addition to real estate and renewable energy asset classes, LHI also intends to set up aircraft leasing and aircraft turbine funds and transfer these to CACEIS for depository services.