Lofted Spirits secures $50m financing deal
Private equity firm InvestBev has announced a new US$50 million strategic financial partnership with Lofted Custom Spirits.
Lofted Custom Spirits is the contract sales arm of Lofted Spirits, which handles the sales of Bardstown Bourbon Co and Green River whiskey.
For the partnership, InvestBev Credit has reserved up to US$50m in available financing, enabling Lofted Spirits clients to unlock the value of their ageing barrel inventory as assets and navigate market fluctuations, tariffs, and longer ageing cycles. The new deal leverages ageing barrel inventory as collateral.
The new partnership is said to underscore InvestBev’s commitment to supporting independent brands in the American spirits industry by providing access to capital previously unavailable through traditional lending institutions.
Brian Rosen, general partner at InvestBev, said:”Ageing inventory represents a significant asset for brands, and this partnership ensures that Lofted’s clients have the financial flexibility needed to navigate the ever-evolving spirits landscape.”
Earlier this month, InvestBev partnered with an unnamed ‘leading’ global asset manager that will allow it to acquire Kentucky Bourbon barrels worth up to US$100m in a separate deal.
Pete Marino, president of Lofted Spirits, commented: “We know there are a lot of great brands out there looking for financing, and InvestBev has already provided several of our custom distillation brands with a great financing alternative.
“We always try to go the extra mile for our customers, and this alliance with InvestBev on their financing offering is another example of that commitment.”
Lofted Spirits offers end-to-end distilling, bottling and ageing solutions, produces more than 60 recipes, and customises more than 500 production points.
The company owns and produces Bardstown Bourbon Co and Green River Distilling Co while crafting whiskeys to spec for clients ranging from start-ups to globally known brands under the Lofted Custom Spirits banner.
In January this year, InvestBev finalised an eight-figure barrel financing agreement with Saga Spirits Group.
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