Private Debt - Sustainable

Fund Portrait

Due to the volume of redemptions received, the Directors of the Fund decided it would be in the best interest of all shareholders if the Fund was placed into a managed sell down. Therefore, it is proposed that subscriptions and redemptions will be formally suspended, including any redemption requests which have not yet been processed, and instead, as and when liquidity becomes available, the Fund would return capital to all shareholders (via compulsory redemptions) on a pro rata basis, until such time as all Participating Shares have been redeemed.  The proposal will be put to a shareholder vote.  In due course the Fund will be in contact with all investors again regarding this matter and the proposed shareholder meeting. The Fund recommends that this proposal will produce the best outcome for all shareholders.

 

 

INVESTMENT MANAGER Prestige Fund Management Limited (Cayman)
LINKEDIN COMPANY PAGE Prestige Funds
FINANCE ARRANGER Privilege Finance
FUND Prestige Alternative Finance
PRESTIGE CLIMATEINVEST Renewable Energy Market Investment Specialists
TYPE STRUCTURE Open Ended Investment Company (OEIC)
DOMICILE Cayman Islands
LAUNCH DATE June 30, 2014
DISTRIBUTOR SWITZERLAND OpenFunds Investment Services AG (Switzerland)
AUDITOR Deloitte (Cayman)
CUSTODIAN Butterfield Trust (Bermuda)
REGULATOR Cayman Islands Monetary Authority (CIMA)
PAYING AGENT SWISS Società Bancaria Ticinese SA (Switzerland)
GEOGRAPHY United Kingdom
STRATEGY Waste to Energy - Asset & Project Based Lending
SHARE CLASSES Institutional and Advisory, Accumulating and Distributing
CURRENCY USD, EUR, GBP, CHF, SEK, AUD
INITIAL CHARGES 0%
MINIMUM SUBSCRIPTIONS Advisory: USD 100'000 (or currency equivalent) / Institutional: USD 1'000'000 (or currency equivalent)
LIQUIDITY Advisory: Monthly, on 30 days' notice up to USD 2m (or currency equivalent) / Institutional: Monthly, on 60 days' notice up to USD 2m (or currency equivalent)
MANAGEMENT FEE Institutional Accumulation: 1.25% p.a. / Advisory Accumulation: 1.25% p.a. / Institutional Distribution: 1.50% p.a.
PERFORMANCE FEE no performance fee
FUND SIZE £ 204 m based on last NAV as of 31/01/2023
MANAGER TRACK RECORD Since 2007
ISIN Please refer to the factsheets
BLOOMBERG CODE Please refer to the factsheets