Wine and whiskey investment platform Vinovest has listed a securities offering on Republic. According to the offering page, Vinovest is raising capital for Bottle & Barrel I LLC, a series of Vinovest Capital, LLC. It appears that Vinovest is looking to expand its community by listing Bottle & Barrel on the Republic crowdfunding platform. Bottle & Barrel is looking to raise up to $5 million in a Reg CF (Regulation Crowdfunding) offering for a “Crowd IPA” or Crowd Interests Purchase Agreement – a simple agreement to acquire membership units of a limited liability company.
To date, the offering has raised over $42,000 (topping its minimum) backed by 20 investors. The offering is expected to be live for the next 2 + months.
There are perks as well – designed to encourage users to create accounts on Vinovest.
The aim for the offering is to provide investors with an alternative asset class that is not correlated to more traditional markets. By leveraging the experience and expertise of its team, Vinovest will craft a portfolio of wine and whiskey that is designed to appreciate in value over time.
Vinovest notes that “during the 2008/2009 recession, when the S&P 500 plunged almost 50%, fine wine actually grew 29%.”
According to the offering document, the target holding period for the Portfolio is five to seven years, with a maximum holding period of ten years – so you will need a bit of patience.
In the past, Vinovest has partnered with another crowdfunding platform – StartEngine – to assist them in launching collectible offerings.
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