substnz Capital Partners is a BaFin-supervised investment firm in Hamburg with a MiFID II license passported across the EEA. Raise and place capital with a single regulatory home while reaching professional investors in 18 EEA markets, from the Nordics and the Baltics to Iberia.
Through MiFID II passporting, substnz Capital Partners provides regulated access to 18 European Economic Area markets from a single BaFin license (registry 157452). As an investment firm supervised by BaFin in Hamburg, we operate under the German Securities Institutions Act and can passport investment services to professional and institutional clients across the EEA, supporting pan-European distribution of alternative investments without the firm establishing a local licensed entity in each country.
The European market for alternative investments is deep and fragmented by language, investor culture, and local practice, yet regulation increasingly treats the European Economic Area as a single market for investment services. For placement agents and asset managers, that means the right passported partner can unlock multi-country outreach while you keep one compliance and supervisory relationship.
MiFID II passporting allows an authorised firm in one member state to provide cross-border services into other EEA states, subject to notifications and host-state rules. substnz sits at that intersection: a German investment firm with BaFin oversight, extending regulated access across the EEA so you can focus on mandates, investors, and strategy rather than building a patchwork of national licenses.
Germany and Austria anchor one of Europe’s largest pools of institutional capital, insurance-linked investors, pension funds, and family offices active in private markets. Distribution here rewards German-language materials, conservative due diligence, and long-term relationship banking. Switzerland and Liechtenstein are not part of our market list; UK and other non-EEA outreach needs separate structuring.
Denmark, Finland, Iceland, Norway, and Sweden combine strong pension assets, sustainability-led mandates, and sophisticated allocators in real assets, infrastructure, and private credit. Investors often expect transparent fee structures and robust ESG disclosure. substnz’s passported framework supports professional outreach aligned with host-state conduct requirements.
Belgium, the Netherlands, and Luxembourg host dense networks of fund platforms, wealth managers, and cross-border fund vehicles. The investor base ranges from pension and insurance capital in the Netherlands and Belgium to private banking and fund-domicile specialists in Luxembourg. The region is a natural hub for pan-European roadshows and institutional meetings.
Italy, Spain, Portugal, and Malta offer substantial family-office and banking-channel capacity alongside growing institutional appetite for alternatives. Local relationship depth matters alongside clear MiFID-aligned documentation. Passporting enables coordinated outreach into these markets from substnz’s German regulatory home without a separate securities licence in each jurisdiction.
France remains a core EEA market with large insurers, asset managers, and professional clients active in private equity, real estate, and private debt. The United Kingdom is no longer in the EEA; the MiFID passport does not cover the UK as an automatic ‘pass-through’. UK professional investors may still be relevant to your strategy, but distribution typically requires distinct UK regulatory arrangements or reliance on exemptions—something to plan alongside EEA passporting.
Poland and Estonia are seeing faster growth in professional investor participation and fund-of-funds activity. While ticket sizes and paths to mandate vary by country, passporting allows substnz-backed distribution to target eligible professional clients where our services are notified, opening another layer of geographic diversification for managers and placement agents.
Placement agents and capital-raising boutiques with pan-European investor networks who need a regulated home for investment services while they cover multiple countries from one supervisory relationship.
Alternative asset managers seeking multi-country distribution for private equity, private credit, real estate, infrastructure, or venture strategies without incorporating a new investment firm or broker-dealer in each jurisdiction.
Experienced professionals who want to prioritise specific European markets—for example the Nordics plus Germany and Austria, or Benelux plus France—while staying within a single BaFin-supervised framework (registry 157452) and clear MiFID-aligned processes.
substnz Capital Partners is passported to provide cross-border investment services in 18 EEA markets: Germany, Austria, Belgium, Denmark, Estonia, Finland, France, Iceland, Ireland, Italy, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Spain, Sweden. The exact scope of services and any host-state requirements are confirmed during onboarding and ongoing compliance.
A firm authorised in one EEA member state (here, Germany as an investment firm supervised by BaFin) may provide investment services into other member states after the relevant notifications. Host states may impose conduct-of-business rules for clients in their territory. substnz manages the regulatory umbrella; tied agents and partners operate within that framework when providing services on our behalf.
The UK left the EEA, so the MiFID passport no longer grants automatic rights to provide investment services into the UK as if it were another EEA state. UK distribution is a separate regulatory question (FCA authorisation, exemptions, or other structures). substnz’s passported offering focuses on EEA professional and institutional clients; we can discuss how your strategy might combine EEA access with any UK-specific plans.
Yes. Many mandates are deliberately concentrated in a subset of countries. Passporting does not oblige you to be active everywhere at once; it means the regulatory capacity exists to support cross-border services where notified and appropriate for your investor base, while you focus sales effort on the regions that matter for each fund or mandate.
Europe’s institutional landscape spans pension funds, insurers, banks’ asset-management arms, sovereign-linked entities, funds of funds, and large family offices. Allocation patterns differ by country, but professional clients across the EEA increasingly access alternatives through regulated channels. substnz is built for that segment—not retail mass marketing—with BaFin supervision and MiFID-aligned standards.
Whether you are mapping your first multi-country raise or scaling an existing European investor base, we can walk through passporting, tied-agent options, and how a single BaFin-supervised license can support your strategy.