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CAF · Tools · 01 · Stage PRE Mandate Readiness Assessment Mandate Readiness Assessment CC BY-NC 4.0 ↗ Print / PDF↗ Drucken / PDF

Score the mandate before you design.

Bewerte das Mandat vor dem Design.

Five preconditions (P-1 to P-5), each scored 0 absent · 1 partial · 2 strong. Total /10. Each precondition is anchored to a published source — OECD DAC, ILPA, IFC/DFI, Convergence, Bank of England, or CAF Working Paper 001. Hold (under 5), Remediate (5–7), Proceed (8–10).

Fünf Vorbedingungen (P-1 bis P-5), bewertet 0 nicht erfüllt · 1 teilweise · 2 stark. Summe /10. Jede Vorbedingung an eine publizierte Quelle verankert — OECD DAC, ILPA, IFC/DFI, Convergence, Bank of England oder CAF Working Paper 001. Hold (unter 5), Remediate (5–7), Proceed (8–10).

↗ Load worked case↗ Anwendungsfall laden
  1. P-1 Identifiable market failure Identifizierbares Marktversagen

    Is the underlying market failure clearly identifiable — a specific risk, transaction, or coordination problem that private capital cannot price?

    Ist das zugrundeliegende Marktversagen klar identifizierbar — ein spezifisches Risiko, Transaktions- oder Koordinations-Problem, das privates Kapital nicht bepreisen kann?

    0 absent · 1 partial · 2 strong 0 nicht erfüllt · 1 teilweise · 2 stark
    ↗ Source anchors
    • OECD DAC Blended Finance Principle 1 — Anchor blended finance to the SDGs (market-failure identification).
    • IFC Enhanced Principles · Rationale — Concessional finance only where commercial markets do not function.
    • If weakWenn schwach

      Document the specific failure type (information asymmetry, externality, coordination, scale gap). Cite a comparable bench transaction. Reference OECD DAC Principle 1 explicitly.

      Spezifischen Failure-Typ dokumentieren (Informations-Asymmetrie, Externalität, Koordination, Scale-Gap). Vergleichbare Benchmark-Transaktion zitieren. OECD-DAC-Prinzip 1 explizit referenzieren.

  2. P-2 Institutional appetite Institutionelle Bereitschaft

    Is there documented appetite for the structure from at least two institutional investor classes (DFI, pension, insurance, sovereign, family office)?

    Gibt es dokumentiertes Interesse an der Struktur aus mindestens zwei institutionellen Investorenklassen (DFI, Pension, Insurance, Sovereign, Family Office)?

    0 absent · 1 partial · 2 strong 0 nicht erfüllt · 1 teilweise · 2 stark
    ↗ Source anchors
    • ILPA DDQ 2.0 §III.A — Strategy & Pipeline — Institutional LPs expect named-counterparty pipeline documentation.
    • Convergence State of Blended Finance 2024 — Closed-and-deployed structures share early multi-class LP engagement.
    • If weakWenn schwach

      Secure warm-list confirmation from two institutional investor classes. Document via engagement letter or MOU. ILPA DDQ §III.A pipeline disclosure is the working standard.

      Warm-List-Bestätigung aus zwei institutionellen Investorenklassen sichern. Per Engagement-Letter oder MOU dokumentieren. ILPA-DDQ §III.A Pipeline-Disclosure ist der Arbeits-Standard.

  3. P-3 Catalytic capital availability Verfügbarkeit katalytischen Kapitals

    Is catalytic capital concretely identified for the first-loss / concessional layer — by source, ticket size, and timing?

    Ist katalytisches Kapital für die First-Loss- / Concessional-Schicht konkret identifiziert — nach Quelle, Ticket-Größe und Timing?

    0 absent · 1 partial · 2 strong 0 nicht erfüllt · 1 teilweise · 2 stark
    ↗ Source anchors
    • DFI Working Group · Enhanced Principles for Blended Concessional Finance — Principle 3: minimum concessionality requires identified, sized, timed catalytic ticket.
    • KfW / EIB / IFC published facility templates — DFIs commit on documented evidence, not estimates.
    • If weakWenn schwach

      Convert estimates into concrete sources: DFI engagement letter, EIB call for expressions of interest, KfW co-funding LOI. Specify ticket size, timing, and conditionality.

      Schätzungen in konkrete Quellen umwandeln: DFI-Engagement-Letter, EIB-Call-for-EOI, KfW-Co-Funding-LOI. Ticket, Timing und Konditionalität präzisieren.

  4. P-4 Replication potential Replikationspotenzial

    Can the structure plausibly support a replication corridor of at least 10 mandates over a five-year horizon?

    Kann die Struktur plausibel einen Replikationskorridor von mindestens 10 Mandaten über einen 5-Jahres-Horizont tragen?

    0 absent · 1 partial · 2 strong 0 nicht erfüllt · 1 teilweise · 2 stark
    ↗ Source anchors
    • CAF Working Paper 001 §5 (Replication Testing) — Replication threshold n ≥ 10 derived from cottage-industry literature.
    • OECD DAC Principle 4 — Scalability — Blended finance must aim for catalytic, scalable solutions.
    • If weakWenn schwach

      Map the next 9 candidate mandates by name, sponsor, geography, and ticket. If fewer than 5 plausible repeats exist, structure as a one-off not a replicable platform.

      Nächste 9 Kandidaten-Mandate nach Name, Sponsor, Geographie und Ticket kartieren. Bei <5 plausiblen Repeats: als Einzeltransaktion strukturieren, nicht als replizierbare Plattform.

  5. P-5 Governance feasibility Governance-Machbarkeit

    Are the governance preconditions (intercreditor framework, reporting cadence, ILPA DDQ 2.0 alignment) feasible at the proposed scale?

    Sind die Governance-Vorbedingungen (Intercreditor-Rahmen, Reporting-Kadenz, ILPA-DDQ-2.0-Alignment) im vorgeschlagenen Maßstab umsetzbar?

    0 absent · 1 partial · 2 strong 0 nicht erfüllt · 1 teilweise · 2 stark
    ↗ Source anchors
    • ILPA DDQ 2.0 §V — Governance & Reporting — Seven due-diligence areas form the working standard.
    • Bank of England FSR Q4 2024 (private credit governance) — Late-cycle governance under stress.
    • If weakWenn schwach

      Draft an intercreditor term-sheet outline before raising. Confirm fund admin can deliver ILPA DDQ §V quarterly reporting at proposed AUM. Engage external counsel for SFDR 2.0 / AIFMD II alignment.

      Intercreditor-Term-Sheet-Skizze vor dem Raise drafted. Bestätigung des Fund-Admin für ILPA-DDQ §V Quartals-Reporting bei geplantem AUM. Externe Counsel für SFDR-2.0- / AIFMD-II-Alignment.

↗ Methodology · CAF Stage PRE · Working Paper 001 §3

The Mandate Readiness Assessment (MRA) filters mandates before committing CAF Stage 1 design resources. It is the first gate in the seven-stage Capital Architecture Framework lifecycle.

Each precondition is scored 0 (absent) / 1 (partial) / 2 (strong) — total range 0–10. Cutoffs are calibrated from the practitioner corpus from which the framework was extracted (n ≈ 30 ventures, EUR 1.5bn deployed across investment management, VC, PE, and structured finance). The 8/10 threshold for Proceed reflects observed practice that mandates clearing all five preconditions with at most one partial-score weakness are the ones that reach financial close on time and budget.

Sources anchored per precondition:

PreconditionPrimary anchorWorking standard
P-1OECD DAC Principle 1Market-failure identification doctrine
P-2ILPA DDQ 2.0 §III.APipeline disclosure standard
P-3DFI Working Group · Enhanced PrinciplesMinimum concessionality (Principle 3)
P-4CAF WP-001 §5Replication-corridor threshold n ≥ 10
P-5ILPA DDQ 2.0 §VGovernance + reporting cadence

↗ OECD DAC (2017, refreshed 2020). Blended Finance Principles. ↗ ILPA (2023). Due Diligence Questionnaire 2.0. ↗ DFI Working Group (2017). Enhanced Principles for Blended Concessional Finance. ↗ Convergence (2024). State of Blended Finance. ↗ Bank of England (Q4 2024). Financial Stability Report. ↗ Temmen, T. (2026). Capital Architecture — Working Paper 001, §3.

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APA

Temmen, T. (2026). PRE-MRA Diagnostic, Capital Architecture Framework · Stage PRE — Mandate Readiness Assessment. Capital Architecture Institute, Zürich. Reference: Working Paper 001 §3. Run .

BibTeX

@misc{cai_01_2026,
  author       = {Temmen, Tobias},
  title        = {PRE-MRA Diagnostic, Capital Architecture Framework — Stage PRE — Mandate Readiness Assessment},
  year         = {2026},
  institution  = {Capital Architecture Institute},
  address      = {Zürich},
  howpublished = {Working Paper 001 §3},
  url          = {https://capital-architecture.institute},
  note         = {CC BY-NC 4.0}
}

Published under CC BY-NC 4.0. For awareness, not investment advice. Publiziert unter CC BY-NC 4.0. Awareness, keine Anlageberatung. Publicado bajo CC BY-NC 4.0. Para conocimiento, no asesoramiento de inversión. Publié sous CC BY-NC 4.0. À titre informatif, pas de conseil en investissement. Pubblicato sotto CC BY-NC 4.0. A scopo informativo, non consulenza di investimento.

Discuss your mandateMandat besprechen

Score below 8?
A short conversation often clarifies which precondition to remediate first.

Score unter 8?
Ein kurzes Gespräch klärt oft, welche Vorbedingung zuerst zu remediieren ist.

The CAI runs a limited number of diagnostic conversations each month with practitioners structuring transitional and emergent-asset mandates. Awareness format, not advisory — CAF Stage PRE applied to your live brief.

Das CAI führt monatlich eine begrenzte Zahl diagnostischer Gespräche mit Praktikern, die Mandate in transitionalen und emergenten Anlageklassen strukturieren. Awareness-Format, keine Beratung — CAF Stage PRE auf den Live-Brief angewandt.