Cordillera Investment Partners, L.P. – an investment management firm that exclusively invests in privately-held niche, non-correlated assets – announced it has completed fundraising for its $62 million Whiskey Opportunities Fund. This is the firm’s first fund to exclusively focus on the buying and aging of whiskey barrels as institutional assets.
This fund aims to address the growing demand for premium whiskey products by identifying a diverse portfolio of U.S. and non-U.S. whiskey assets. Coined the “Bourbon Boom,” revenues in Bourbon and Tennessee Whiskey increased 249% from 2003 to 2021, according to Distilled Spirits’ American Whiskey Report 2022.
This fund expands an investment thesis that Cordillera began investing in 2019 through its second flagship fund. And the fund will target both U.S. and non-U.S. whiskey assets. And its investor base is comprised of endowments and foundations, family offices, registered investment advisors, and other institutional investors.
Ropes and Gray LLP served as the fund formation counsel. And Cordillera did not engage a placement agent in connection with the formation of the fund.
KEY QUOTES:
“The rapidly growing demand for premium product in the whiskey industry, combined with increasing investor demand for new and innovative strategies to stay ahead of the economic environment, has presented a tremendous opportunity. Whiskey aging is an undercapitalized market and therefore a great opportunity for Cordillera, where we focus exclusively on these types of niche, non-correlated assets. For our LPs, it offers both diversification and compelling potential returns.”
“We’re appreciative for our investors’ continued confidence in our firm and look forward to leveraging our deep relationships throughout the whiskey value chain as we seek to uncover the best opportunities in the market.”
– Chris Heller, Co-Founder and Co-Managing Partner of Cordillera
