Whiskey assets raise spirits
Cordillera Investment Partners have raised $62 million for their inaugural fund targeting acquisitions of a different kind: aging whiskey barrels. The Whiskey Opportunities Fund is getting into the spirit of things as it taps in to the growing demand for premium whiskey assets, referred to as the “Bourbon Boom”. It’s certainly a more attractive liquidity proposition for investors to consider. Moreover, the uncorrelated nature of esoteric assets to broader market forces offer a useful diversification option, with the “super premium” category of whiskey enjoying a 129% volume growth in the last five years. How do you like yours…Neat or on the rocks? Slàinte!