UK – The Single Malt Fund, supervised by the Swedish Financial Supervisory Authority and listed on the Nordic Growth Market (NGM) exchange in Stockholm has launched in the UK aiming to raise €25million (US$26.6m).
Founded by Swedish whiskey enthusiast, Christian Svantesson, The Single Malf Fund provides investors with the opportunity to indirectly own a portion of a large collection of rare and limited-edition whiskies.
The fund has been operational for six months and the next phase of growth will see it targeting professional investors via UK wealth managers and family offices, with a minimum investment of €100,000 per investor.
In addition to investing in the fund, whiskey fans will also have the opportunity to buy single bottles from the fund’s online inventory as the fund realises its investments
The Fund is scheduled to liquidate after six years, offering a target return rate of 10% per annum.
Since launching earlier this year, The Single Malt Fund has established its headquarters in Dublin and recruited Diageo’s Ed Forrest a senior executive to run operations for the Fund, including responsibility for buying and selling whisky.
Chief executive Christian Svantesson said: “The Single Malt Fund is unique in that we are not only creating a vehicle for whisky enthusiasts to invest in whisky.
“We are also allowing them to indulge in their passion by providing first access to bottles of rare and collectable whisky once the Fund decides to sell.
“By launching this fund, we are tapping into a growing demand among high net worth individuals for investing in alternative assets such as art, wine, cars and watches. However, unlike any other passion pursuit.
“The Single Malt Fund is regulated and listed on a public exchange, making our investment process fully transparent.
“We believe that this strong corporate governance, aligned to whisky’s strong performance in the secondary market, will appeal to the clients of wealth managers and family offices, offering a truly unique investment proposition.”
With global demand for rare whiskey continuing to soar, the fund seeks make the rare whiskey market more inclusive and accessible for even more rare whiskey enthusiasts.
Between December 2014 and June 2019, Rare Whisky 101’s leading index for rare whisky, which tracks the best performing 1000 bottles of rare whisky rose by 162.22%, outperforming the Liv-Ex Fine Wine 1000 (39.58%), FTSE 100 (13.09%), Brent Crude (11.09%) and Gold (19.16%).