Prestige Funds Launches Shariah-Compliant Real Assets and Project Financing Fund
Advised by Bedell Cristin, Prestige Funds has launched a new Shariah-compliant fund targeted at the UK renewables and agriculture sector.
Bedell Cristin advised Prestige Funds on the launch of the new Premium Alziraea Fund, a Shariah-compliant real assets and project financing fund targeted at the renewables and agriculture sector in the UK.
The fund is targeted at Islamic institutional investors looking to diversify their investment portfolios, covering a broad range of projects and small businesses with a focus on agriculture and horticulture. It aims to raise $50-75 million in its first year.
Craig Reeves, founder of the Prestige group, said: “Premium Alziraea is our first Islamic – Impact financing product and is targeting an exceptionally important part of the UK economy at a critical time in its ongoing development.”
The Bedell Cristin team was led by Partners Richard Le Liard and Stephen Nelson.