Alternative investments (AI) such as private equity, private debt, infrastructure or real estate are an important component in the capital investments of investors, particularly insurers, banks, pension funds, asset managers and capital management companies. AIs are heterogeneous, complex and raise many multidisciplinary questions at the interface between regulation, risk management and other processes.

The module deals with the current regulatory issues (Solvency II, Solvency I, Basel, AIFMD) with a focus on the specifics of the respective AI classes. Regulatory capital requirements, investment and risk management processes (Prudent Person Principle) and reporting are discussed. reporting. In this context, the module also addresses the characteristics of typical AI investment structures such as alternativeinvestment structures such as alternative investment funds or securitisation vehicles. Participants also learn about the function of management companies, investment advisors and custodians. custodians. Current approaches to the management of sustainability risks (ESG) are also analysed.