Behring, Khan & Co.

What Behring, Khan & Co. does

Behring, Khan & Co. is a boutique financial advisory firm founded in 2012 by Christian Behring and Sohail Khan, both former senior professionals at ZAIS Group. The firm operates a cross-Atlantic structure with two legal entities — Behring, Khan (Europe) GmbH in Germany and Behring, Khan & Co. LLC in Delaware — and offices in Red Bank, New Jersey, Bad Soden-Salmünster, Germany, and New York. It is licensed under Section 34f of the German Trade Regulation Act and extends its fund management capability through affiliate BKN Capital, a Luxembourg AIFM.

The firm's service offering spans consulting, structuring, Securitisation as a Service, regulatory investor reporting, and fund management via BKN Capital. It serves institutional investors in private assets — specifically insurance companies, pension funds, asset managers, and banks — with particular expertise in European regulatory frameworks including Solvency II, CRR banking rules, and the German VAG/pension regulations. The team comprises four named senior professionals, drawing credentials from ZAIS Group, Lehman Brothers, Deutsche Bank, BNP Paribas, DekaBank, CrossLend, KPMG, and Centerbridge Partners.

Revenue mechanics are not disclosed but are consistent with a boutique advisory model: project-based and retainer fees for high-value, regulated mandates such as securitisation structuring, regulatory reporting, and AIFM services. The platform is human-capital-intensive rather than technology-platform-intensive, with no disclosed proprietary technology, AI/ML capabilities, or external funding. Recent activity — including a 2024 senior hire (Jochen Weiss) and a refreshed brand positioning — points to ongoing investment in the securitisation practice and broader productisation of the offering.

Name

Behring, Khan & Co.

Legal name

Behring, Khan (Europe) GmbH

Website

https://behringkhan.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Behring, Khan & Co. is a cross-Atlantic boutique financial advisory founded in 2012, providing consulting, structuring, securitisation, fund management, and regulatory reporting to insurance companies, pension funds, asset managers, and banks.

Ownership category

akta.pro rank

Product category

Alternative Investment Advisory

NAICS

Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (52599), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Insurance-Dedicated Multi-Manager Platforms (e.g., ILS / Cat Bond FoF) (FSAHAKAK)

akta.pro secondary industry

Insurance Due Diligence & Transaction Risk Advisory (M&A, W&I) (FSAEADAM)

Keywords

• Alternative investment advisory
• Asset securitisation services
• Fund structuring consulting
• Regulatory reporting solutions
• Private asset consulting

Headquarters

HQ city

Atlantic Highlands

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Advisory and Consulting Services: Fees for providing consulting services to institutional investors on alternative investment strategies, fund structure design, and regulatory capital assessment. Likely engagement-based or retainer arrangements.
2. Structuring and Securitisation Services: Fees for structuring private assets into securities, including turn-key securitisation solutions. Revenue derived from structuring mandates and ongoing administration.
3. Regulatory Investor Reporting: Fees for providing tailored regulatory reporting solutions for European insurance companies, pension funds and banks, covering Solvency II TPT reporting, VAG reporting and CRR banking reporting.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Behring, Khan & Co. is a boutique financial advisory firm providing tailored product solutions for private asset investors. The firm delivers consulting on alternative investment strategies, structuring of fund vehicles for private debt, private equity and real estate, and turn-key securitisation of illiquid assets, complemented by regulatory investor reporting and fund management delivered through affiliate BKN Capital.

Product overview

Behring, Khan & Co. provides a unified suite of asset management and investment services for private asset investors including insurance companies, pension funds, and asset managers. The core offering consists of Consulting (alternative investment strategy guidance and regulatory navigation), Structuring (fund structure creation for alternative assets), and Securitisation as a Service (turn-key asset securitization). These are complemented by Fund Management (delivered through affiliate BKN Capital) and Regulatory Investor Reporting services. The company supports clients throughout the product lifecycle from conceptualization through implementation, management, and reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Consulting

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• BKN CapitalcoreStrategic or Co-development PartnerBKN Capital is a Luxembourg-based Alternative Investment Fund Manager (AIFM) and affiliate of Behring Khan. Specializes in providing turn-key solutions for alternative investments within complex regulatory environments. As a boutique AIFM, BKN Capital provides comprehensive and bespoke solutions encompassing portfolio management, risk management, valuation and distribution. BKN Capital is presented as the fund management arm complementing Behring Khan's advisory and structuring services.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Oliver Wyman: Global management consulting firm with a large insurance and asset management practice covering Solvency II, ALM, and investment strategy advisory. Broadly comparable as a competitor for the same institutional consulting mandates, though operating at much greater scale across many industries rather than specialising in alternatives structuring.
• Deloitte Insurance: Big Four advisory practice offering Solvency II, CRR/CRD, and actuarial advisory to insurers, banks and pension funds. Comparable in regulatory advisory and reporting work for European financial institutions, but as part of a wider portfolio rather than a boutique alternatives specialist.
• Aon: Global professional services firm with an established Insurance Consulting and Reinsurance practice providing regulatory capital, ALM, and investment advisory services to insurers. Comparable as a competitor for Solvency II capital advisory work, though much larger and broader in scope.
• Alvarez & Marsal Insurance & Risk Advisory: Global advisory firm with a dedicated Insurance and Risk practice covering Solvency II, balance sheet restructuring, and investment advisory. Comparable as a competitor for institutional insurance advisory mandates, though operating at much broader scale.
• PwC Insurance Advisory: Big Four advisory practice providing Solvency II, regulatory reporting, and investment advisory services to European insurers and pension funds. Comparable as a competitor in Solvency II TPT and regulatory reporting work, though part of a diversified assurance and advisory portfolio.

Emerging players

• Baringa Partners: UK-based independent consultancy specialising in financial services, with deep practices in risk, regulation, and energy markets. Comparable as a competitor for regulatory and risk advisory mandates for European insurers and asset managers, with similar boutique positioning though broader sector coverage.
• BKN Capital: Luxembourg-based AIFM and wholly-owned affiliate of Behring Khan providing portfolio management, risk management, valuation, and distribution for alternative investment funds. Highly comparable as the firm's own fund management arm, but also functions as an adjacent platform that competes in the broader AIFM space.

Direct peers

• ZAIS Group: US-headquartered alternative credit and structured solutions manager. Directly comparable because Behring Khan's co-founders both held senior roles there (Head of Corporate Credit; Head of EMEA sales), and the firms serve overlapping institutional insurance and pension clients with similar private debt, structured credit, and loan portfolio strategies.
• CrossLend: Frankfurt-based digital debt platform that securitises loan portfolios into tradable securities. Directly comparable because Behring Khan's new CFO/Head of Securitisation Solutions joined from CrossLend, and both firms offer turn-key securitisation and structured solutions for institutional investors across Europe.

Regional players

• Mazars Insurance: European audit and advisory firm with dedicated insurance and pensions advisory practices serving continental European clients on Solvency II and regulatory reporting. Comparable for European insurance regulatory advisory work, but primarily serves continental Europe rather than US/UK cross-Atlantic mandates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/behring-khan

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Behring, Khan & Co.