Whisky fund uncorks US$50 million play on casks after scams rattle market
The Platinum Whisky Investment Fund II draws lessons from its first iteration, will have a more active foreign exchange hedging strategy
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[SINGAPORE] A new whisky investment fund is seeking to tap demand for alternative assets with a regulated structure and a revised strategy, as investors look for safer ways into an asset class hit by fraud cases and falling prices in recent years.
The Platinum Whisky Investment Fund II (PWIF II), launched on Monday (Apr 20), aims to raise up to US$50 million from professional investors. It has a five-year investment horizon, with the option of two one-year extensions under a “5+1+1” structure.
The first fundraising round is expected to close by September, said Rickesh Kishnani, co-founder and chairman of Rare Whisky Holdings, in a pre-launch interview with The Business Times.
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