Private Debt – Business Finance

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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.

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TYPE STRUCTUREOpen Ended Investment Company (OEIC)
DOMICILECayman Islands
LAUNCH DATEFebruary, 2021
MANAGERPrestige Fund Management Limited
DISTRIBUTOR SWITZERLANDOpenFunds Investment Services AG (Switzerland)
AUDITORMarcum LLP (Cayman / USA)
CUSTODIANMUFG Alternative Fund Services (Cayman) Limited
REGULATORCayman Islands Monetary Authority (CIMA)
PAYING AGENT SWISSSocietà Bancaria Ticinese SA (Switzerland)
GEOGRAPHYUS
SECTORIndustrial Loans
SHARE CLASSESInstitutional and Advisory
CURRENCYUSD, EUR, GBP
INITIAL CHARGES0%
SUBSCRIPTIONSMonthly
LIQUIDITYUp to USD 2 m quarterly 90 days' notice on best effort basis / Amounts greater than this are by prior arrangement.
MANAGEMENT FEE1.50% p.a.
PERFORMANCE FEEno performance fee
MANAGER TRACK RECORDSince 2007
ISINPlease refer to the factsheets
BLOOMBERG CODEPlease refer to the factsheets
FUND SIZEUSD 52 m

Craig Reeves (Prestige Group) - ESG AWARENESS 2022

Craig Reeves Board Director and Founder Prestige Group - Private Market

Dominique Becht (CIO Stiftung Abendrot) and Craig Reeves (founder and CEO of the Prestige group)