Private Debt – Business Finance
Fund Portrait
The fund operates in invoice finance / trade finance based – direct lending. Counterparties are US based small and medium sized companies in construction, manufacturing, engineering and specialist service-based industries. Capstone (NY based) acts as finance arranger and has originated USD 7 bn in transactions since 1990. Loans are secured against assets and of short duration (less than 12 months). With volatility of less than 1% and uncorrelated returns to traditional investments the fund provides excellent diversification and is suitable for medium/long-term investors looking for positive consistent performance.
| TYPE STRUCTURE | Open Ended Investment Company (OEIC) |
|---|---|
| DOMICILE | Cayman Islands |
| LAUNCH DATE | February, 2021 |
| MANAGER | Prestige Fund Management Limited |
| DISTRIBUTOR SWITZERLAND | OpenFunds Investment Services AG (Switzerland) |
| AUDITOR | Marcum LLP (Cayman / USA) |
| CUSTODIAN | MUFG Alternative Fund Services (Cayman) Limited |
| REGULATOR | Cayman Islands Monetary Authority (CIMA) |
| PAYING AGENT SWISS | Società Bancaria Ticinese SA (Switzerland) |
| GEOGRAPHY | US |
| SECTOR | Industrial Loans |
| SHARE CLASSES | Institutional and Advisory |
| CURRENCY | USD, EUR, GBP |
| INITIAL CHARGES | 0% |
| SUBSCRIPTIONS | Monthly |
| LIQUIDITY | Up to USD 2 m quarterly 90 days' notice on best effort basis / Amounts greater than this are by prior arrangement. |
| MANAGEMENT FEE | 1.50% p.a. |
| PERFORMANCE FEE | no performance fee |
| MANAGER TRACK RECORD | Since 2007 |
| ISIN | Please refer to the factsheets |
| BLOOMBERG CODE | Please refer to the factsheets |
| FUND SIZE | USD 52 m |
