Private Debt – Sustainable

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.
INVESTMENT MANAGER | Prestige Fund Management Limited |
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LINKEDIN COMPANY PAGE | Prestige Funds |
FINANCE ARRANGER | Privilege Finance |
FUND | Premium Alziraea |
TYPE STRUCTURE | Open Ended Investment Company (OEIC) |
DOMICILE | Cayman Islands |
LAUNCH DATE | January 31, 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 18.6 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 |