BAI study on the German corporate private debt market / Call for bids / participation in the BAI steering group
Dear Ladies and Gentlemen,
At this year's general meeting, we briefly informed you about the BAI study on the private debt market in Germany we want to launch in the short term. Following this, we would now like to provide you with more information about this study and ask you for your involvement and support.
Object and purpose of the study:
Objective of the study is to gain a determined overview of the (corporate) private debt market in Germany, ie relevant asset managers, market volumes, transactions and companies that use private debt financing. In addition, we want to find out to what extent and with what focus institutional investors in Germany invest into private debt. Our impression is that the German market is still relatively non-transparent, and that data provided by relevant analysis houses and data providers only reflect the German market rudimentarily. We will therefore also try to work with data providers and analysis houses, if desired. We also aim to cooperate with the Alternative Credit Council, which last year published the study "Financing the Economy" and which also briefly addresses the German private debt market. Equally possible and desired is a cooperation with Creditreform, which has been monitoring and analysing the German and European market for credit funds for several years. We will coordinate the study within a BAI steering group which will also discuss whether we shall mandate a consultant for that study (s. below).
For carrying out the study, it might be advisable to mandate a consultant - preferably a BAI member - who has relevant experience and expertise in the (corporate) private debt market, and at the same time can carry out such a study promptly and with due objectivity, ie without conflicts of interest. As of now, BAI member companies can express their interest in the BAI office (contact person is the signatory).
In a first step, we would therefore like to use the steering group (maximum 5 participants + representatives from the BAI Investors' Committee) at short notice, in which on the one hand the topics and contents of the planned study will be pre-arranged, on the other hand the selection of the company that will carry out the study, will take place. The steering group should also evaluate the interim results of the study so that all relevant topics and aspects are taken into account in the final report. Member companies wishing to participate in the steering group, can also contact the signatory immediately.
The study itself should then be based on standardized questionnaires for asset managers, investors and companies, complemented by one-on-one interviews with relevant stakeholders. All relevant member companies, associated investors, etc. are invited to participate in this survey, so that the results actually increase the transparency of the German market and are, of course, representative. The focus of the study, as indicated above, should be Corporate Private Debt. Infrastructure Debt or Real Estate Debt could follow at a later date.
For the implementation of the study and preparation of the report, we provisionally calculate - depending on the capacity of the service provider to be commissioned - a period of about 3-4 months. This also requires coordination within the steering group.
Since it is not uncommon for studies of this kind to be created with the financial support of sponsors, this is an option that we also want to keep open for this study. If you are interested in financially supporting this study, you can also contact the signatory directly.
- Lawyer -
Bundesverband Alternative Investments e.V. (BAI)
Poppelsdorfer Allee 106
53115 Bonn, Germany
Fon: +49 (0)228-96987-0
Fax: +49 (0)228-96987-90