Dear Partners,

The first quarter of 2026 has once again demonstrated how dynamically the market surrounding the liability umbrella model continues to evolve. We are not only seeing sustained strong demand in the area of EU tied agents, but are also clearly observing how important and attractive the liability umbrella has become for many market participants.

Especially in an increasingly regulated environment, a reliable, flexibly structured and practice-oriented liability umbrella model is becoming ever more significant. At AHP, we have therefore developed various new onboarding models over the past few months in order to offer each affiliated tied agent the structure best suited to their needs, individually, efficiently and with a clear focus on their respective business requirements.

At the same time, regulatory simplifications have eased our work in certain areas.

With the abolition of the employee register, our internal workflows have been significantly streamlined and simplified, as we are no longer required to report investment advisors to BaFin. This reduces bureaucratic effort and creates greater efficiency in the onboarding processes.

We therefore look back on a successful and strategically important first quarter, during which we further developed our structures, created new opportunities and laid the foundation for continued growth.

With Candoris BV, AHP Capital Management GmbH is expanding its established European network while further strengthening its presence in the Dutch market.

The Netherlands is one of Europe’s most international financial hubs and is known for its innovative strength, globally connected investor base, and well-developed private markets culture. These characteristics make the market an ideal environment for professional fund distribution within the EU.

Candoris BV will become another valuable part of our growing network, contributing local expertise and in-depth market access while being embedded in AHP’s existing European platform.

Together, we continue to create enhanced access to institutional investors and deepen cross-border cooperation between asset managers, placement agents, and professional market participants.

Our objective remains clear: to provide a strong, connected, and fully compliance-compliant distribution platform across Europe.

We look forward to a successful collaboration and to further expanding our presence in the Dutch market.

In the last few months, AHP Capital Management GmbH has welcomed a number of new tied agents under its umbrella. We are pleased to welcome Avanis Advisory GmbH, Peryton Advisory GmbH, Quint:Essence Invest GmbH, Motive Ventures Advisory GmbH, MGW Financial Services GmbH, and LOYS Innovation GmbH as our new partners. 

We are delighted to welcome a new tied agent to our network:
Sumitomo Mitsui DS Asset Management (Deutschland) GmbH.

With the establishment of its German subsidiary, which is part of one of Japan’s leading asset managers, our network is expanding further towards the Asian market. This partnership ensures that we are excellently represented with Sumitomo Mitsui DS and, at the same time, strengthens our international presence.

As a tied agent of AHP Capital Management GmbH, the company will primarily support the distribution of UCITS funds in Europe. Its presence in Frankfurt, one of Europe’s key financial centres, underlines our shared commitment to regulatory excellence, proximity to investors, and the provision of high-quality investment solutions, particularly in the areas of ESG and alternative investments.

We are proud of this partnership and look forward to continuing to expand our international network together.

While Ann-Christin is on maternity leave, Jelena Noe will be filling in for her as Deputy Anti-Money Laundering and Compliance Officer and will be happy to assist you with any questions regarding compliance matters.

We will, of course, let you know as soon as Ann-Christin is back in the office.

The AHP-Team