New in Singapore: A whisky brokerage that allows you to invest in rare whisky
Rare Finds Worldwide has launched its bespoke rare whisky brokerage in Singapore, giving Singaporean investors unique access to mature and rare single malt whisky assets.
In recent years, whisky has emerged as a popular form of alternative investment. According to the Knight Frank Luxury Investment Index, the value of whisky increased by 564 per cent over the last 10 years, significantly outperforming other alternative investments and collectibles including rare coins, cars, rare stamps, art and fine wine.
Collectors and professional investors in Singapore will now have a new way to acquire the rarest drams into their collection.
Rare Finds Worldwide, a Hong Kong-based tailored whisky brokerage company, has launched its bespoke rare whisky brokerage services in Singapore. It will offer professional investors, family offices and high-net-worth individuals unique access to mature and rare single malt Scotch whisky assets.
The brokerage team comprises experienced banking and alternative investment professionals with a passion for whisky, the company said in a press release. They will offer 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, for Singaporean investors who wish to invest in the whisky market.
The fund will primarily target 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 (S$36.1 million) and a minimum subscription of £100,000 (S$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 of Rare Finds Worldwide, said: “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.”