Private Debt – Sustainable

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Fund Portrait

Premium Alziraea Fund (PAZ) is a Shariah compliant private debt fund extending loans mainly to the "waste to energy" sector. The majority of the loans in the fund will be secured by assets such as land and buildings as well as cash-flows from selling gas to the UK national grid which are secured by the UK government.  The fund may also provide financing for land, buildings and specialist farm equipment. The finance arranger uses established credit / project evaluation procedures for potential opportunities and sophisticated systems to monitor the in-life performance of individually approved transactions. Since inception in 2009 the underlying investment strategy has operated with low volatility and almost zero correlation to traditional bond and equity markets.

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INVESTMENT MANAGER Prestige Fund Management Limited
FINANCE ARRANGER Privilege Finance
FUND Premium Alziraea
TYPE STRUCTURE Open Ended Investment Company (OEIC)
DOMICILE Cayman Islands
LAUNCH DATE February, 2022
DISTRIBUTOR SWITZERLAND OpenFunds Investment Services AG (Switzerland)
AUDITOR Grant Thornton, Cayman
CUSTODIAN Reyl Bank, Malta
REGULATOR Cayman Islands Monetary Authority (CIMA)
GEOGRAPHY United Kingdom
STRATEGY Waste to Energy - Asset & Project Based Lending
SHARE CLASSES Institutional and Advisory, Accumulating and Distributing
CURRENCY USD, EUR, GBP
INITIAL CHARGES 0%
MINIMUM SUBSCRIPTIONS Advisory: USD 100'000 (or currency equivalent) / Institutional: USD 1'000'000 (or currency equivalent)
LIQUIDITY Advisory: Monthly, on 90 days' notice up to USD 1m / Institutional: Monthly, on 90 days' notice up to USD 2m / Distribution: Quarterly, on 90 days' notice up to USD 3m / Institutional Distribution: Quarterly, on 90 days' notice up to USD 6m
FUND SIZE USD 20 m
MANAGEMENT FEE 1.50% p.a.
PERFORMANCE FEE no performance fee
MANAGER TRACK RECORD Since 2007
ISIN Please refer to the factsheets
BLOOMBERG CODE Please refer to the factsheets