The German startup ecosystem is off to a strong start in 2026: Between January and June, 3,053 new startups were founded. This represents a 52 percent increase compared to the second half of 2025 and means more startups were founded than in all of 2024.
The Alternative Investment Fund Managers Directive (AIFMD) - Directive 2011/61/EU.
https://en.wikipedia.org/wiki/Alternative_Investment_Fund_Managers_Directive_2011
You are right, no mentioning of any problems. What are the problems?
Well, a big problem is that many pension funds cannot invest into firms.