The Federation of European Independent Financial Advisers (Feifa) has joined forces with Prestige Funds to widen its offering to members.
The investment firm was established in 2007 and specialises in debt fund management, and is involved in lending to smaller businesses, such as agricultural firms and clean energy projects, among other things.
The partnership will see Prestige taking the lead in training and educating financial advisers on the risks and relevant use of credit funds.
Steve Barnes, head of business development, Benelux/Europe at Prestige, will lead the relationship with Feifa members.
He said: “Our diversified investment portfolios of private loans are encapsulated in our Luxembourg-domiciled and regulated Sicavs, which are also listed on Euronext.
“Our team consists of over 100 people and we have raised over $1.8bn (£1.3bn, €1.6bn) from a diverse range of institutional and advisory based clients.
“Many of our longest-standing clients are IFAs and wealth managers operating across Europe.”
Adding to core investments
Paul Stanfield, chief executive of Feifa, said Prestige is going to add a different investment angle for IFAs.
“Prestige has a range of alternative credit funds that have delivered consistent, positive returns in various major currencies with little correlation to equity and bond markets,” Stanfield said.
“As well-regulated Sicavs, these provide appropriate and very useful additions to the core investment offerings of our existing affiliations.
“In addition, Prestige will work with us to provide valuable training and education with regards to the risks, and relevant utilisation, of alternative investment vehicles of this nature.”
