Singaporean collectors and professional investors of rare whisky now have more options to acquire their bottles of liquid gold.
Tailored whisky brokerage company Rare Finds Worldwide, on September 17, announced that it has launched its bespoke rare whisky brokerage services in Singapore.
The service offers Singaporean professional investors, family offices, and high net-worth individuals the unique opportunity to invest in mature and rare single malt Scotch whisky assets.
The company said their team comprises experienced banking and alternative investment professionals, and offers a full suite of services – including valuation, consulting, sourcing premium collections and providing a platform to sell or exit whisky investments (including bottling).
In addition, the partners behind Rare Finds Worldwide are also extending capital raising in Rare Single Malts, a private equity investment vehicle focusing exclusively on rare whisky investments, single malt Scotch whisky casks, as well as limited-edition bottles and collections.
The fund will be for Singaporean investors who wish to invest in the whisky market, and primarily targets hard-to-find undervalued rare whisky casks that are between 15 and 40 years old, as well as bottles and collections over 18 to 30 years, with a view to holding and realising growth through market appreciation, maturation and bottling.
The fund is being launched with a target commitment of £20 million ($36.1 million) and a minimum subscription of £100,000 ($180,700). Initial fundraising will focus on high net worth individuals, family offices and boutique institutional investors with the first close due in October 2020.
Murray Holdgate, General Partner at Rare Finds Worldwide, says: “Faced with extreme market volatility and a prolonged global recession, many investors are turning to alternative assets such as whisky to weather the storm. Whisky is fast becoming ‘liquid gold’, reflecting its growing status as a collectible asset that appreciates strongly in value due to its rarity.”