Private Debt - Sustainable

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Fund Portrait

Prime Alternative Finance (PRALTF) 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. Prime targets a return of 5-7% with very low volatility and has a range of currency hedged share classes transforming this stable return pattern from GBP into other currencies like EUR and CHF. 

 

Prime has currently activated its gating mechanism, which is under monthly review.

Please refer to the section Publications for more details.

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INVESTMENT MANAGER Prestige Capital Management Limited
FINANCE ARRANGER Privilege Finance
FUND Prime Alternative Finance
TYPE STRUCTURE EU SICAV-SIF (Open Ended) (AIFMD COMPLIANT)
DOMICILE Luxembourg
LAUNCH DATE Advisory: January, 2019 / Institutional: December, 2018
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
STRATEGY Waste to Energy - Asset & Project Based Lending
SHARE_CLASSES Institutional and Advisory, Accumulating and Distributing
CURRENCY GBP, USD, EUR, CHF, SEK
INITIAL CHARGES 0%
MINIMUM 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 263 m
MANAGER TRACK RECORD Since 2011
ISIN Please refer to the factsheets
BLOOMBERG CODE Please refer to the factsheets