Private Debt - Sustainable

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Fund Portrait

Prestige Alternative Finance (PALTF) invests in a diversified portfolio consisting of rural, commercial and industrial loans, leases and finance agreements in the United Kingdom. The majority of lending activity will be project finance (typically renewable energy and waste to energy infrastructure but may also include specialist machinery, equipment and vehicles) and secured on assets including land, buildings, personal guarantees and sometimes government support incentives. All financing within the Fund is procured and administered by Privilege, a dedicated UK based, licensed ‘Finance Arranger’ which was established more than 20 years ago, employs almost 60 people and has originated more than GBP 1 billion worth of transactions. PALTF targets a return of 5-7% with very low volatility. PALTF has a queue of pending redemptions currently and has therefore stopped hedging non GBP share classes. Please refer to the section Publications for more details.

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INVESTMENT MANAGER Prestige Fund Management Limited (Cayman)
FINANCE ARRANGER Privilege Finance
FUND Prestige Alternative Finance
TYPE STRUCTURE Open Ended Investment Company (OEIC)
DOMICILE Cayman Islands
LAUNCH DATE January 1, 2009
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 USD 331 m
MANAGER TRACK RECORD Since 2007
ISIN Please refer to the factsheets
BLOOMBERG CODE Please refer to the factsheets