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 renewables play a key part of its 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 | EU SICAV-SIF (Open Ended) (AIFMD COMPLIANT) |
|---|---|
| DOMICILE | Luxembourg |
| LAUNCH DATE | Advisory: January, 2019 / Institutional: December, 2018 |
| MANAGER | Prestige Capital Management Limited |
| DISTRIBUTOR SWITZERLAND | OpenFunds Investment Services AG (Switzerland) |
| AUDITOR | KPMG (Luxembourg) |
| CUSTODIAN | Mitsubishi UFJ Investor Services & Banking (Luxembourg) SA |
| REGULATOR | Commission de Surveillance du Secteur Financier, Luxembourg (CSSF) |
| 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 | GBP, USD, EUR, CHF, SEK |
| INITIAL CHARGES | 0% |
| SUBSCRIPTIONS | Institutional: EUR 1'000'000 (or currency equivalent) / Advisory: EUR 125,000 (or currency equivalent) |
| LIQUIDITY | Up to USD 2 million (or currency equivalent) monthly on 90 days’ notice on a best effort basis. Amounts greater than this are by prior arrangement |
| MANAGEMENT FEE | Institutional: 1.50% p.a. / Retail: 1.50% p.a. |
| PERFORMANCE FEE | no performance fee |
| FUND SIZE | USD 260 m |
| MANAGER TRACK RECORD | Since 2011 |
| ISIN | Please refer to the factsheets |
| BLOOMBERG CODE | Please refer to the factsheets |
