The Platinum Whisky Investment Fund is on track to return its first dividend to investors in 2016, as it capitalises on continuing strong growth in the rare whisky market.
The Fund’s collection of over 7,500 bottles of single malt whisky has been valued at $5.6 million as at 1 January, 2016, representing an increase of $1.2 million or approximately 26 percent in eighteen months.
Launched in June 2014, the fund is a Cayman-incorporated, private investment vehicle focusing exclusively on rare, single malt whisky, predominantly from Scotland. The estimated value of The Fund’s holdings was independently confirmed by third party valuation agent, said David Wainwright of Wainwright Advisors.
The Scotch Connection
To date, The Fund has raised a total of $9 million in commitments from 37 private investors. As part of a pilot test of the exit strategy, over 100 bottles of rare whisky have been sold via direct to client, on-premise sales and private auction events in Hong Kong over the past few months.
Sales will now begin aggressively through distribution channels in Singapore, Macau, Mainland China, Taiwan, the U.K., and the U.S. with the aim of paying the first dividend by June 2016.
Former Master Distiller
«The success of our capital raising and its unique phasing has allowed The Fund to continue to seek out the very rarest and best stocks from a range of private collectors in the U.K. and across Europe,» said Rickesh Kishnani, The Fund’s Chief Executive Officer.
Working alongside Kishnani is The Fund’s Chief Investment Officer, David Robertson, who has 20 years’ experience in the industry and is a former Master Distiller at The Macallan and former Rare Whisky Director at The Dalmore.
