Equity fund for rare whisky to launch in HK

17th March, 2014 by Amy Hopkins

The world’s first private equity fund for Scotch whisky is readying to launch in Hong Kong this June by attempting to raise US$10 million.

World's first whisky private equity fund

The word’s first private equity fund for Scotch is set to launch in June this year

Launched by Rickesh Kishnani and Whyte & Mackay’s former director of rare whisky David Robertson, the Platinum Whisky Investment Fund hopes to raise the funds to invest in rare Scotch whisky stocks.

“Basically, this is a very simple private equity fund,” Kishnani, CEO of the company, told Bloomberg. “Cayman Island-based, we are trying to raise US$10 million to invest in very very rare limited edition Scotch whiskies.”

“We see more and more demand growth in the whisky sector. The supply strategies in the 1980s did not take into account the growth that we are seeing in Asia. Quite simply, we are running out of rare vintages and this is what our fund is going to be investing in.”

According to indices produced by Whisky Highland UK, sales of the top 100 single malts up have shot up 230% over the past three years.

The Platinum Whisky Investment Fund will by buy parcels of rare Scotch whisky to be sold in the future at a profit.

Robertson told The Asset: “Rickesh has strong relationships with distributors and I bring long-standing relationships with renowned distilleries, private collectors and suppliers.”

“Together, this gives us a compelling offer for disposal direct to auction houses and privately to whisky buyers, including affluent connoisseurs, investors and collectors.”

The company expects a 15-20% net average profit per year.

One Response to “Equity fund for rare whisky to launch in HK”

  1. Michael says:

    Definitely agree with this article. Check out the scotch malt whisky investment & enjoyment guide by Michael Ross on kindle for good discussion.

Leave a Reply

If that's interesting, how about these?

First female-founded Scotch distillery to open

Scotland is set to welcome what is thought to be the first single malt Scotch more...

Crown Royal campaign 'inspires generosity'

Crown Royal Canadian Whisky has unveiled a new campaign titled 'Live Generously more...

James Van Der Beek stars in Belvedere ad

Belvedere vodka has recruited Dawson’s Creek actor James Van Der Beek to star more...

Whisky Exchange launches Old & Rare show

The organisers of The Whisky Exchange Whisky Show have announced plans to host more...

Arbikie launches strawberry vodka

Arbikie Highland Estate, producer of Scotland’s “first” potato vodka, has more...

Speakeasy Group appoints head of mixology

Australian hospitality firm The Speakeasy Group has signed up noted bartender more...

Historic Welsh whisky bottles fetch £14.5k

Two bottles of Welsh whisky that date back more than 100 years have smashed more...

Campari sharpens spirits focus with wine sale

Gruppo Campari is to raise €62 million (about US$65.8m) from a wine sell-off more...

Macallan unveils Rare Cask Black MOP edition

Edrington Global Travel Retail (GTR) has released a Macallan Rare Cask Black more...

Bacardi names new communications head

Bacardi has appointed KC Kavanagh as its new senior vice president and global more...

Gordon & MacPhail unveils £10.5k whisky range

Gordon & MacPhail has launched a collection of six “rare” single malt more...

Diageo ‘stronger’ than Pernod ‘on most counts’

Credit rating agency Moody’s has issued a report that claims Diageo has a more...

Beam Suntory opens new Chicago HQ

Jim Beam Bourbon and Courvoisier Cognac owner Beam Suntory has opened its new more...

Royal Salute marks banquet with limited edition

Pernod Ricard-owned Scotch whisky Royal Salute has launched the first in a new more...

Diageo settles Stitzel-Weller trademark lawsuit

Diageo North America has settled a trademark lawsuit with a US-based spirits more...

Macallan whisky maker moves to Lakes Distillery

The Lakes Distillery, Cumbria’s first distillery in 100 years, has expanded more...

Businesses have ‘crucial role’ in fighting counterfeiting

The Coalition Against Illicit Trade has published a white paper calling for more...

Ireland aims to be 'leader' of whiskey tourism

The Irish Whiskey Association has launched a strategy to place Ireland as the more...

GlenWyvis community distillery launches gin

GlenWyvis, which is set to become Scotland’s “first” community-owned more...

Seedlip: Alcohol-free spirits won't 'steal share' from booze brands

With alcohol consumption falling as drinkers grow more health-conscious, The more...