Overview

Prestige Funds is part of the Prestige Group which was founded in 2007 and now consists of several companies. Each shares the common objective of providing genuinely alternative and innovative financial products and services that deliver consistent, positive investment returns – and which provide a genuine inflation hedge.

Prestige is also committed to continuously improving all areas of its business while empowering and developing its diverse We boast a diverse team of experienced professionals – many of whom came from senior positions within banking, finance and investment management. The team is spread across the UK and we have a strong regional presence to support our investment projects on the ground.

Prestige was established just months before the largest ever global financial crisis of 2008, which continues to shape economics, politics and social issues across the world. Since then, we have successfully launched several businesses and innovative financial products and services that now employ over 100 professionals across the UK, Malta, Luxembourg and Cayman. We have also raised over US$2 billion in assets.

Our investor base continues to grow and evolve both geographically as well as by category. We now manage significant assets for institutional investors such as pension funds, family offices and sovereign wealth funds. This is testament to the experience and dedication of our various teams and the systems and processes we have developed – both of which are helping us continue to produce innovative products and services and grow our assets under management.

Prestige operates several specialist alternative credit funds which have attracted thousands of investors from around the world seeking commercial rates of return and a positive social impact. Prestige takes centuries-old financing tools and overlays expertise in structuring, risk management and financial software to bring global capital to underserved businesses.

Prestige helps forward-thinking investors around the world put their capital to work alongside their values. Alongside our dedicated finance arrangers, we specialise in areas of lending where traditional lenders often shy away from due to increased capital requirements, complexity, cost or time.

Much of our lending activity can be viewed as ‘consultative lending’. This means we often provide much more than just the money behind a venture, as we help a small business to finance in productivity and finance out some of its fixed costs.

We originate all of our own loans as well as ongoing servicing, maintenance, risk mitigation, work out and recovery. This enables us to operate with a significant depth of knowledge of our customers and the strengths, weaknesses, threats and opportunities around the sectors they operate in.

Example: An IT Recruitment and Payroll Service provider needs to expand their business but is waiting for payment from several higher volume customers. An Electrical Installation Services business needs to hire employees for a new sub-contracted construction project but doesn’t have a line of credit to pay them. Invoice Finance (the ability to borrow against existing outstanding invoices) could turn their invoices to credit-worthy buyers into assets for immediate access to capital.

‘Factoring’ has been around since the Roman Empire when it was the lifeblood of Rome’s trade routes, fraught with the uncertainties of global commerce. To this day, forms of factoring and invoice finance remain an important financing option, but mass adoption across the UK’s near 5.4 million Small & Medium Size Enterprises (SMEs) has yet to happen.

Example: A commercial farm enterprise is concerned about rising costs of energy, fertiliser and waste disposal, and is looking for ways to ‘finance in’ some productivity and ‘finance out’ some of it’s fixed costs. Project Finance such as the installation of a ‘Bio Gas’ plant will generate a significant second source of income as well as providing electricity, gas, heat and fertiliser enabling the business to become considerably more energy and waste self-sufficient.

The emergence of financial technology to accelerate lending holds promise and ‘big data’ is becoming increasingly widely available to support credit scoring. More importantly, levels of transparency and security are increasing. However, there is no substitute yet for the know-your-customer and risk management best practices of traditional financing.

Prestige’s leadership and management teams are passionate about putting money to work in support of actual business transactions in places where it can make a big difference. We have extensive experience in fund management, asset finance, invoice finance and project finance. We believe in the power of markets to create shared prosperity and social stability when every qualified business owner can say ‘yes’ to opportunity. By offering commercial finance that is accessible to more small businesses across more communities, we support the development of financial independence, jobs and wealth creation for the long term.

International Institutional Investors

  • Banks
  • Corporations
  • Insurance companies
  • Pension funds
  • Public entities and authorities
  • Charities

International Professional Advisors

  • Alternative investments third party marketeers
  • Asset managers
  • Discretionary investment advisors
  • Discretionary investment trusts
  • Distribution networks for financial products
  • Family offices
  • Hedge fund managers
  • Private banks

Stakeholders
We recognise the importance of all those who have a stake in what we do. That includes our customers, our suppliers, staff, third-parties, shareholders, local or national government and the communities we operate in. We aim to be fair and transparent and take any feedback we receive seriously – positive and negative – and deal with any issues expediently, professionally and compassionately.

People
We understand that a good working environment of fairness, equal opportunities and flexibility is essential to help our people develop their full potential. In return we expect the highest ethical and professional standards.

Community
Much of what we do has a direct impact on the local communities that we support by creating jobs, diversifying income streams and helping groups to work together for a common good.

Environment
Our focus on clean and renewable energy – much of it from waste and residue – is a positive and significant part of a more sustainable future.

Governance and risk management
A fundamental part of business is our insistence on strong and responsible governance and risk management with complete transparency and accountability.

The Prestige Network

Prestige Asset Management

Established in 2007, Prestige Asset Management Limited is a UK-based administration and marketing company regulated by the Financial Conduct Authority (FCA) and is entirely privately owned by its senior management. The company specialises in providing investment administration and marketing support services to international fund managers, wealth managers, asset managers, financial advisors and financial intermediaries.

Prestige Asset Management Limited is authorised and regulated by the Financial Conduct Authority (FCA) (486239) and is a member of the Alternative Investment Management Association (AIMA) and the Chartered Institute for Securities and Investment (CISI).

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Prestige Capital Management

Established in 2011, Prestige Capital Management Limited is a Malta-based investment management company regulated by the Malta Financial Services Authority (MFSA) and is entirely privately owned by its senior management. The company specialises in international alternative investments with a focus on absolute return, actively managed strategies and is responsible for the management and operation of several European-domiciled investment funds.

Prestige Capital Management Limited is authorised and regulated by the Malta Financial Services Authority (MFSA) and is a member of the Malta Funds Industry Association (MFIA). Prestige Capital Limited operates with full scope Alternative Investment Fund Managers Directive (AIFMD).

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Prestige Fund Management

Established in 2009, Prestige Fund Management Limited is a Cayman-based fund management company registered with the Cayman Islands Monetary Authority (CIMA) and is entirely privately owned by its senior management. The company specialises in international alternative investments with a focus on absolute return, actively managed strategies and is responsible for the management and operation of several investment funds.

Prestige Fund Management Limited is registered with the Cayman Islands Monetary Authority (CIMA).

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Prestige Asset Distribution

Established in 2007, Prestige Asset Distribution Limited (formerly known as “Prestige Asset Advisors Limited”) is a British Virgin Islands-domiciled experienced investor fund distribution company specialising in the international co-ordination and distribution of alternative investments, and is entirely privately owned by its senior management.

The company is responsible for co-ordinating the international distribution and sales of Cayman, Malta and Luxembourg-based Funds with a focus on financial institutions, financial advisors and asset managers. The company has raised over USD 1.7 billion since 2008.

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Governance

Prestige consists of the following companies:

Prestige Asset Management Limited, Prestige Capital Management Limited, Prestige Fund Management Limited and Prestige Asset Distribution Limited.

All Prestige companies adhere to the strictest regulatory, compliance and governance requirements and none of the group of companies hold any client funds nor provide financial advice.

Prestige Asset Management Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA).

All Directors of Prestige Asset Management Limited are individually approved in the UK by the Financial Conduct Authority (FCA).

Prestige Asset Management Limited is a full member of the Alternative Investment Management Association (AIMA).

Prestige Asset Management Limited is a member of the Chartered Institute for Securities and Investments (CISI).

Prestige Asset Management Limited uses a UK-based independent financial governance and compliance consultancy.

Prestige Asset Management Limited is independently audited annually in the UK by chartered accountants.

Prestige Asset Management Limited uses an independent information technology consultancy with offsite data capture, backup and contingency facilities.

Prestige Capital Management Limited is authorised and regulated in Malta by the Malta Financial Services Authority (MFSA).

Prestige Capital Management Limited is a member of the Malta Funds Industry Association (MFIA).

All Prestige funds use independent fund administrators, banks, custodians, prime brokers and auditors:

www.deloitte.com
www.bm.butterfieldgroup.com
www.mitsubishiufgfundservices.com
home.kpmg.com/lu/en/home

Prestige uses OpenFunds Investment Services AG for its legal representative and distribution services in Switzerland.

All Prestige funds are managed by a regulated Investment Manager and often also use regulated independent investment advisors.

All Prestige funds have at least three experienced international board directors and at least one who is independent and all are individually regulated.

Selected Prestige funds are registered with the Malta Financial Services Authority (MFSA).

Selected Prestige funds are registered with the Commission de Surveillance du Secteur in Luxembourg (CSSF).

Selected Prestige funds are registered with the Cayman Islands Monetary Authority (CIMA).

Selected Prestige funds are registered with the Monetary Authority of Singapore (MAS).

Prestige Capital Management Limited is authorised and regulated in by the Malta Financial Services Authority (MFSA).

Prestige Fund Management Limited is registered by the Cayman Island Monetary Authority (CIMA).

Butterfield Trust (Bermuda) Limited is authorised and regulated by the Bermuda Monetary Authority (BMA).

Charterhouse Law is regulated in the UK by the Solicitors Regulation Authority (SRA).

Clyde & Co is regulated in the UK by the Solicitors Regulation Authority (SRA).

Values

Consultative
We go way beyond lending, adding alpha for investors by using our experience to support our partners’ growth ambitions.

Investor-focused
We offer genuinely alternative investment opportunities that deliver long-term, uncorrelated and consistent absolute returns.

Entrepreneurial
Our culture of innovation allows us to offer high quality investment products that make us true pioneers in the private debt market.

Conscientious
We value diversity and integrity and our products are designed to benefit both society and the environment.