LHI Leasing has chosen CACEIS to provide depository services for its closed-end funds ahead of the introduction of European legislation.
The mandate comes in response to the introduction of the Alternative Investment Fund Managers Directive and its national enactment in the German Capital Investment Act.
LHI and CACEIS will establish organisational frameworks to launch two real estate and renewable energy funds “in the coming weeks”.
Plans for aircraft leasing and aircraft turbine funds are also in the pipeline. CACEIS will cover these as despository.
“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.
Dr Holger Sepp, co-head and member of the management board of CACEIS in Germany, said: “For procedural reasons, issuers want a single Depotbank which can service all the required asset classes. We are proud that we were able to convince LHI Leasing with our comprehensive asset class know-how as well as our flexible service offer and support model.”
