Prestige Fund Management, a Cayman-based investment management and investment operations firm, has acquired an equity stake in Methexis, an Isle of Man-based corporation and owners of UK-based Methexis Capital Advisors.

PFM is affiliated to Prestige Asset Management, a UK-based FCA regulated investment marketing, administration and structuring boutique, along with Prestige Capital Management, a Malta-based MFSA regulated investment management firm, and with Prestige asset Distribution Limited, a British Virgin Islands-based international fund distribution firm which has raised over $500 million since 2008.

“Banks will continue to struggle with the ongoing deleveraging and increasing their Basel 3 capital adequacy requirements for some years to come while access to credit for all but a few will remain a challenge.  Our evolving business is to fill some of that gap and, at the same time, to develop the personal relationships with borrowers that have again become a key financial driver after years of the outsourced call-centre mentality,” said Craig Reeves, director and founder of PFM.

Founded in January 2010, and headquartered in London, Methexis Capital Advisors 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.