Prestige Funds lists Luxembourg direct lending fund on Euronext Dublin

By Daniel Lanyon on Monday 7 May 2018

Editor's PickAlternative Lending

The alternative credit focused asset manager has launched eight share classes.

Prestige Funds lists Luxembourg direct lending fund on Euronext Dublin
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Responding to increasing global demand for lending strategies Prestige Funds has listed eight new share classes for its Commercial Finance Opportunities Fund.

The share classes include hedged EUR, USD, CHF as well as GBP based share classes operating with no performance fee and typically without leverage.

The Commercial Finance Opportunities Fund invests in a diversified portfolio of hundreds of secured loans to UK-based businesses. Launched back in 2011, the fund has over €100m in assets under management and is domiciled in Luxembourg. Origination is overseen by over 50 staff based in the UK.

Craig Reeves, founder of Prestige, says the mainstream acceptance of lending funds is becoming more apparent.

“Since we launched CFO as a Luxembourg fund we have seen considerable interest in the Prestige approach to SME lending from investors in Europe and further afield,” he said.

Prestige Funds has raised over $1.6bn since launch. Its investors include private banks, pension funds, family offices and sovereign wealth funds around the world.

“Demand for lending funds is being driven by low interest rates and increased market volatility globally, as well as the need for real asset class diversification in portfolios,” Reeves added.

“We are seeing increased interest in our approach to this market with numerous visits from major investors over the last six months. The listing on Euronext Dublin will help to support the continued expansion of the Prestige European product range for experienced investors.”

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