The Dr. Peters Group, registered in

Dortmund Dortmund (; Westphalian nds, Düörpm ; la, Tremonia) is the third-largest city in North Rhine-Westphalia after Cologne and Düsseldorf, and the eighth-largest city of Germany, with a population of 588,250 inhabitants as of 2021. It is the la ...

, is an investment firm that has been placing and managing tangible assets since 1975 in the legal form of a

limited partnership A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited ...

. The investment targets are mobile and immobile goods of the real economy such as ships,

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

and

aircraft An aircraft is a vehicle that is able to fly by gaining support from the air. It counters the force of gravity by using either static lift or by using the dynamic lift of an airfoil, or in a few cases the downward thrust from jet engines ...

; Dr. Peters is no longer active on the secondary market for

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

s. The

funds Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses ...

are offered to investors in

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

and

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

via banks and free agents. Since 2013, the Dr. Peters Group has been designing funds for national and international

institutional investor An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked co ...

s. The group is a member of the Bundesverband Sachwerte und Investmentvermögen e.V.

Development of the Company

Start of Real Estate Investments

The first fund was launched and invested in a

retirement home A retirement home – sometimes called an old people's home or old age home, although ''old people's home'' can also refer to a nursing home – is a multi-residence housing facility intended for the elderly. Typically, each person or couple i ...

in Dortmund. Since 1977, the company has directed the product brand DS-Fonds (DS = Dynamism & Safety). Until the end of the 1990s, the funds invested in different real estate segments such as

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

s, care real estate, shopping centres and office buildings in Germany.

Expansion through Ship Investments

Beginning in 1990, the company invested in

cargo ship A cargo ship or freighter is a merchant ship that carries cargo, goods, and materials from one port to another. Thousands of cargo carriers ply the world's seas and oceans each year, handling the bulk of international trade. Cargo ships are usu ...

s which formed the focus of investment until 2007. After financing cooling ships, container ships and product tankers, the company introduced and established KG-financing of tankers subject to the long-term charter concept on the German market in 1998. From 2001 onwards, investments in bulk carriers, large

container ship A container ship (also called boxship or spelled containership) is a cargo ship that carries all of its load in truck-size intermodal containers, in a technique called containerization. Container ships are a common means of commercial intermodal ...

s and foreign real estate (USA) followed. Air France Airbus A380-800 F-HPJB

The Present Investment Focus: Aircraft Funds

Since 2007, the company has been investing in the

field, among others by purchasing aircraft of the type Airbus A380-800. This established the Dr. Peters Group as the pioneer in aircraft investments in Germany with 17 current aircraft investments. Forecast dividends have all been paid until now. The company has become the

market leader Market dominance describes when a firm can control markets. A dominant firm possesses the power to affect competition and influence market price. A firms' dominance is a measure of the power of a brand, product, service, or firm, relative to c ...

in Germany with a total placed capital of 1.03 billion euros.

Problems Caused by the Financing and Shipping Crisis

Currently, several of the ship funds suffer partly serious financial difficulties due to the

financial Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

and shipping crisis. Disbursements are currently partly no longer made. Insolvencies of funds have also occurred – e.g. Fund 111. Investors in other funds were requested by the fund companies of the issuing house to repay their

dividend A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-in ...

payments. This was partly stopped by the

Federal Court of Justice The Federal Court of Justice (german: Bundesgerichtshof, BGH) is the highest court in the system of ordinary jurisdiction (''ordentliche Gerichtsbarkeit'') in Germany, founded in 1950. It has its seat in Karlsruhe with two panels being situat ...

with detailed arguments; in the cases decided to date, not the funds themselves but only their creditors could demand return of the disbursements.

Subsidiaries of the Dr. Peters Group

Dr. Peters Asset Finance GmbH & Co. KG Kapitalverwaltungsgesellschaft (KVG)

The German Capital Investment Act ( KAGB) introduced in 2014, requires that the administrator of Alternative Investment Funds (AIF) needs a permit from the

Federal Financial Supervisory Authority The Federal Financial Supervisory Authority (german: Bundesanstalt für Finanzdienstleistungsaufsicht, Bundesanstalt für Finanzdienstleistungsaufsicht) better known by its abbreviation BaFin is the financial regulatory authority for Germany. It ...

(german: Bundesanstalt für Finanzdienstleistungsaufsicht; abbreviation BaFin) for his activities. In addition, he must demonstrate and observe continuous risk controlling, liquidity management and extensive organisational and documentation duties for the administration of Alternative Investment Funds. The statutory compliance of the administrators of AIF is continuously examined and monitored by BaFin. By founding the Dr. Peters Asset Finance GmbH & Co. KG Kapitalverwaltungsgesellschaft in May 2013 the corporate group has adapted fully to the new regulations. This permits the further development of the group with new own fully regulated products. On 16 April 2014 Dr. Peters Asset Finance obtained the permit for activities as a capital administration company ("Service KVG") from BaFin and therefore already implements all new regulations and requirements of the legislator.

Dr. Peters GmbH & Co. Emissionshaus KG

Dr. Peters GmbH & Co. Emissionshaus KG operates as a service provider for the KVG and is responsible for the sales and marketing of newly conceived funds. For this purpose, the issuer has a large network of banks and independent distribution partners across the entire territory of the Federal Republic of Germany.

Dr. Peters GmbH & Co. KG

Dr. Peters GmbH & Co. KG is the administrative unit of the group. Its area of responsibility is the management of fund companies not administered by the KVG, all investor communications, all tax issues as well as accounting and finance and bookkeeping and accounting both for the funds and for the entire group.

DS Aviation GmbH & Co. KG

The

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

in the field of aircraft is performed by DS Aviation which is therefore responsible for monitoring all aircraft investments of the Dr. Peters Group. DS Aviation is assigned within the group to acquire aircraft and close all contracts with the respective partners in the aircraft industry. DS Aviation thereby operates as the service provider for Dr. Peters Asset Finance GmbH & Co. KG Kapitalverwaltungsgesellschaft and external customers.

DS Skytech Ltd.

DS Skytech Ltd. with registered office in

Great Britain Great Britain is an island in the North Atlantic Ocean off the northwest coast of continental Europe. With an area of , it is the largest of the British Isles, the largest European island and the ninth-largest island in the world. It is ...

is a joint venture of DS Aviation GmbH & Co. KG and Skytech AIC. DS Skytech is responsible with its own engineers and aviation experts for technical asset management, i.e. for example the ongoing control of the status of the aircraft.

DS Schifffahrt GmbH & Co. KG

DS Schiffahrt GmbH & Co. KG (DS Schiffahrt) is responsible for the technical and commercial

of the ships in the group. The company’s performance range extends from management and freighting through

control Control may refer to: Basic meanings Economics and business * Control (management), an element of management * Control, an element of management accounting * Comptroller (or controller), a senior financial officer in an organization * Controllin ...

ling to construction supervision, and from the compilation of expert opinions to the selection of a crew. The fleet operated by DS Schiffahrt includes

s of the size from 500 to 6,500 TEU as well as oil and product tankers of all size classes. DS Schiffahrt has a team of app. 40 employees on land and more than 500 navigators. It also offers its services to companies which are not part of the group.

DS Immobilien GmbH & Co. KG

DS Immobilien is responsible for the

management of the Dr. Peters Group. It fulfils commercial tasks as well as the asset

bookkeeping Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Tr ...

, claims management and daily controlling. In addition, DS Immobilien is responsible for a range of building services.

Financed Tangible Asset Portfolio

References

{{DEFAULTSORT:Dr. Peters Financial services companies of Germany Financial services companies established in 1975 1975 establishments in West Germany