The Whisky fund is targeting a very healthy annual return rate of between 15 per cent and 20 per cent in the next five to seven years.
- Whisky is outperforming assets across the board and is a flight to safety in these uncertain times. It's liquid gold and we’re definitely seeing a thirst investing in Whisky for 2020 and beyond.
Rare Single Malts aims to raise a total £20 million (US$24.88 million) in capital in Hong Kong and select other cities around the world, which it will then use to buy limited, rare and vintage whisky bottles, collections and casks.
Whisky investors must chip in a minimum of £100,000 (US$124,400), and leave the investment for at least five years.
“Whisky is one of the best performing assets,” compared with other alternative assets and collectibles, said Holdgate, who is also founder of Platinum Rise Capital Partners (PRCP), an investment and development finance company that specialises in the real estate sector.
Rare Single Malts aims to raise nearly US$25 million in Hong Kong and elsewhere to invest in mostly casks of whisky to hold and sell later.