Tuesday, September 21, 2021
Last year’s Fund, despite commencing at the onset of the pandemic, received numerous nods from Forbes, Barron’s, and Institutional Asset Manager to name a few. The Fund won the coveted TADS Best in Class Asset Backed Token award since it offers fractional shares to a portfolio of whiskey barrels, providing exposure to the aging of Kentucky whiskey, a hard to access asset class with promising returns. For the 2020 Fund, we purchased 2,700 barrels at less than $1,000 per barrel to be sold in 4 years for an anticipated $3,000 - $5,000 per barrel. If this target is reached, the Fund may attain a 20% target return and estimated 2.3X investor equity multiple. Our research indicates that whiskey is typically resilient in economic downturns, as during the 2007-2009 crisis, year-over-year sales by volume decreased only once by less than 1%. Similarly, despite declines in 2020 due to the Coronavirus Pandemic, the whiskey category is projected to grow revenue every year through 2024.
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