Private Debt - SME UK

img

Fund Portrait

The Commercial Finance Opportunities Fund (CFO) is an alternative credit fund focused on invoice, asset and commercial finance opportunities primarily in the UK. CFO operates a diversified investment portfolio consisting of secured short term commercial and industrial loans and finance arrangements, often in relation to government funded schemes like the British Business Bank (https://www.british-business-bank.co.uk/). Most of CFO’s underlying transactions have been procured and administered by Nucleus, a dedicated, specialist UK-based finance arranger that has lent over USD 2.8 billion and directly manages and co-funds several debt finance portfolios for large institutions. CFO targets a return of 5-7% with very low volatility and has a range of currency hedged share classes transforming this stable return pattern from GBP into other currencies like EUR and CHF. 

img
INVESTMENT MANAGER Prestige Capital Management Limited (Malta)
FINANCE ARRANGER Nucleus Commercial Finance
FUND Commercial Finance Opportunities
TYPE STRUCTURE Luxembourg, SICAV-SIF (Open-Ended) (AIFMD COMPLIANT)
DOMICILE Luxembourg
LAUNCH DATE November 1, 2013
DISTRIBUTOR SWITZERLAND OpenFunds Investment Services AG (Switzerland)
AUDITOR Deloitte (Luxembourg)
CUSTODIAN Mitsubishi UFJ Investor Services & Banking (Luxembourg) SA
REGULATOR Commission de Surveillance du Secteur Financier, Luxembourg (CSSF)
PAYING AGENT SWISS Società Bancaria Ticinese SA (Switzerland)
GEOGRAPHY United Kingdom
STRATEGY Asset Based - Direct Lending - Small Business - Invoice / Cashflow / Property / Asset - Finance
SHARE CLASSES Institutional and Advisory, Accumulating and Distributing
CURRENCY EUR, USD, GBP, CHF, SEK
INITIAL CHARGES 0%
MINIMUM SUBSCRIPTIONS Advisory: EUR 125'000 (or currency equivalent) / Institutional: EUR 1'000'000 (or currency equivalent)
LIQUIDITY Up to USD 2 million (or currency equivalent) monthly on 90 days’ notice on a best effort basis. Amounts greater than this are by prior arrangement
MANAGEMENT FEE Institutional: 1.50% p.a. / Advisory: 1.50% p.a
PERFORMANCE FEE no performance fee
FUND SIZE USD 158 m
MANAGER TRACK RECORD Since 2011
ISIN Please refer to the factsheets
BLOOMBERG CODE Please refer to the factsheets