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) |
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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 |