Prestige Funds Islamic Impact Investment Fund Seeded by Middle East Investor
- First Islamic – Impact fund from specialist private finance manager, now live
- Targets smaller companies and renewable energy projects in the UK
- Seeded by large investor in the Middle East
Prestige Funds, one of the leading specialist private debt investment managers in the UK, has received seed investment for the ‘Premium Alziraea Fund’, a Shariah-compliant real assets and project financing fund targeted at the renewables and agriculture sector in the UK. This marks Prestige Funds’ first venture in the Islamic investments market.
The Premium Alziraea Fund will target capital appreciation of 5% – 7% per annum (net) with target annualised volatility of 1% and will operate without using leverage or performance fees.
Prestige has retained Dubai based, Kroma Capital Partners, a DIFC based, DFSA regulated company with a 3C licence, as its Middle East & Swiss Distribution Partner. Kroma Capital Partners has been instrumental in raising the seed investment for the Premium Alziraea Fund. Prestige has worked with the Principals of Kroma Capital Partners since 2009.
To read the full press release please click here.