Private Debt - Sustainable
Fund Portrait
The Fund is mainly active in the UK Asset Based - Direct Lending / Asset - Project Finance for SMEs active in the Agricultural space, with a focus on farm energy renewables. The projects are often backed by the UK government as they play a key part in the UK Climate Change Agenda. The Fund has a target return of 7% p.a. with an investment horizon of 3-5 years (portfolio average duration is 3.5 years). The originator has been in business since 2001 and the fund strategy has been live since 2009. This strategy is suitable for medium/long-term investors looking for regular and consistent performance.
| TYPE STRUCTURE | Open Ended Investment Company (OEIC) |
|---|---|
| DOMICILE | Cayman Islands |
| LAUNCH DATE | January 1, 2009 |
| MANAGER | Prestige Fund Management Limited (Cayman) |
| 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 |
| SECTOR | Asset Based Direct Lending / Agriculture / Renewables Small Medium Business |
| SHARE CLASSES | Institutional and Advisory, Accumulating and Distributing |
| CURRENCY | USD, EUR, GBP, CHF, SEK, AUD |
| INITIAL CHARGES | 0% |
| 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 | USD 446 m |
| MANAGER TRACK RECORD | Since 2007 |
| ISIN | Please refer to the factsheets |
| BLOOMBERG CODE | Please refer to the factsheets |
