The implementation of the new Basel capital accord, referred to as Basel III, throughout the next few years is believed to affect the worldwide banking business. Subsequently, other market players such as small- and medium-sized enterprises (SMEs) will be equally concerned. As the availability and attractiveness of bank loans may decrease due to Basel III, alternative forms of financing such as Private Equity (PE) may benefit from a higher demand. The qualitative empirical study, based on seven problem-focused interviews with Austrian industry experts in different areas, captures...