Prestige Fund Management (PFM), a Cayman-based investment manager, has acquired a significant equity stake in Methexis Holdings, an Isle of Man-based corporation and owners of UK based investment manager Methexis Capital Advisors.
Prestige will now be represented on both Methexis boards.
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PFM is affiliated to Prestige Asset Management, a UK-based FCA regulated investment marketing, administration and structuring boutique, Prestige Capital Management, a Malta-based MFSA regulated investment management firm, and Prestige Asset Distribution, a British Virgin Islands-based international fund distribution firm which has raised over US$500 million since 2008.
Methexis Capital Advisors, which is headquartered in central London and founded in January 2010, is involved in the provision of short-term capital to small and medium-sized UK companies, typically in the form of factored invoices and invoice receivable finance.
Methexis team comprises eight professionals, each of whom has extensive banking and lending experience.
Craig Reeves, director and founder of PFM, said: "The move to combine the international resources of Prestige and Methexis represents an important milestone and enables us more effectively to exploit the many opportunities for the provision of credit and finance to the benefit of our investors going forward."
Dominique Kateb, partner and founder of Methexis Capital Advisors, said: "We are all very excited by the prospects arising from this venture. We can clearly see that the combined strengths of both parties add value to our systems, processes and procedures as well as to our distribution and our international institutional relationships."
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