@thesis{Becker2023, author = {Becker, Noel Levin}, title = {Private debt funds and the German financing environment}, publisher = {Technische Hochschule Ingolstadt}, address = {Ingolstadt}, url = {http://nbn-resolving.de/urn:nbn:de:bvb:573-40906}, pages = {III, 104}, school = {Technische Hochschule Ingolstadt}, year = {2023}, abstract = {This thesis explores how private debt funds can reshape the German financial system. It examines the structure of the German financial landscape, highlighting a banking bias and challenges for SMEs. The study analyzes private debt from multiple angles and finds that it offers investors a balanced return, borrowers increased flexibility, and the financial system improved capital access. Private debt funds could reduce the banking bias but also introduce higher risk due to increased leverage.}, language = {en} }