Closed-end funds, especially ship funds and real estate funds have developed into top sellers in recent years. In January 2009 the German Association of Closed-End Funds announced that, including the non-members, €8.3 billion new equity business were generated and €15.4 billion fund volume were invested.

Special expertise is needed for designing closed-end funds, such as shipping funds, container funds, real estate funds, life insurance and venture capital funds and private equity funds. TPW advises many of the biggest shipping companies and issuing houses in Germany. We have many years of experience both in commercial and tax law matters and in the structural development and design of closed-end funds.

The development, design and ongoing advice of marketable, forward-looking fund companies are a key focus of TPW activities. Our expert team has access to all of the important information and successfully implements current developments in a very short time. We advise you on the design and drawing up of investment and feasibility calculations. Prospectus assessments, annual reports and tax advice are just as much a matter of course for us as support in an external tax audit. You benefit from our market knowledge, our contacts with the most important market partners and our individual advice services, which we use personally and with dedication in the interests of your entrepreneurial success.

Fund design
Auditing
Tax advice
Legal advice
Corporate finance