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Boozing investors! World’s first whisky fund to launch in Hong Kong

on 17/03/14 at 11:58 am

Booze News
whiskeyThe world’s first private equity whisky fund – Platinum Whisky Investment Fund – has begun capital raising in Hong Kong, offering investors an opportunity to capitalize on the global growth in demand for single malt Scotch whisky.

The fund is being launched with a target commitment of US$10 million and a minimum subscription of US$250,000. It is being administered by Sinopac Solutions & Services. It expects to launch in June this year.

“The fund is a closed-ended, structured private equity investment vehicle that provides unique access to an increasingly rare product,” said Rickesh Kishnani, the fund’s chief executive officer. “We bring our inside knowledge of the whisky industry to bear in the sourcing of rare product from a proprietary network at under-market prices and this also allows us to trade stock at premium values,” he added

Annual sales of single malt Scotch whisky increased by 190% from US$390 million to US$1.1 billion in the past 10 years, according to the Scotch Whisky Association, driven by the relative scarcity of the premium, vintage product

Investment Grade Scotch (IGS) indices produced by Whisky Highland UK show that in the last three years sales of the top 1,000 single malts were up 130%, the top 250 single malts up 200% and the top 100 single malts up 230%.