Invest in wine and whiskey
Invest in venture-backed companies
Moderate Risk
3/5
Investing with Vinovest involves market fluctuation risks, potential loss from early sale fees, limited insurance coverage, and no guarantee of liquidity or fair value realization on the secondary market.
High Risk
4/5
Investing in Sweater's Cashmere Fund, like any venture capital investment, carries inherent risks. These risks include market volatility, economic conditions, and challenges specific to the companies in which the fund invests.
Moderate Liquidity
2/5
Vinovest permits selling of assets with no extra commissions but charges a 1.5% listing fee for sales made before the ideal time window. Liquidity is not guaranteed and depends on market demand.
Minimum Liquidity
1/5
Sweater provides biannual redemption windows for investors to access their investment before the end of the investment term. However, there may be restrictions and limitations on the redemption process.
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Moderate Return
8.9-13.8 %
Between 2015 and 2022, whiskey and fine wine have historically generated annual returns of 13.8% and 8.9%, respectively.
Long-term Investment
5-10 years
Vinovest offers three time horizons for wine investment: short-term (5-7 years), medium-term (7-10 years), and long-term (10+ years), with customization options for higher-tier clients.
Long-term Investment
1-5 years
Sweater's Cashmere Fund is designed for long-term investments, but they provide biannual redemption windows for investors to redeem a portion or all of their investment.
Who can invest
International
Vinovest is open to investors who can meet the platform's minimum investment thresholds, catering to a wide audience from beginners to seasoned collectors and various entities.
Who can invest
United States
Any U.S. resident over the age of 18 with a Social Security Number (SSN) is eligible to invest in Sweater's Cashmere Fund.
Moderate Volatility
3/5
Vinovest's assets, like wine and whiskey, can face market volatility with swift price changes, posing risks of financial loss for short-term investors.
Moderate Volatility
3/5
The assets on Sweater's platform, including the investments made by the Cashmere Fund, can be subject to volatility.
Regulation and audits
Audited
Vinovest is audited annually by insurers and an independent auditor but is not SEC-regulated as it does not deal in securities.
Regulation and audits
SEC Regulated
Sweater operates under SEC regulations, allowing them to accept investments from non-accredited investors.
Insurance
Yes
Vinovest insures client assets against damage, with reimbursement at full market value, although not all loss scenarios may be covered.
Insurance
No
Specific details about Sweater's insurance policies are not available on their website.
Payouts
No Recurring Payouts
According to Sweater's website, the Cashmere Fund does not pay dividends to investors.
Withdrawals
Investors get money back from Vinovest after selling matured or scarce wines, generally within a 10 to 15-year timeframe.
Withdrawals
Investors in Sweater's Cashmere Fund can redeem their investment during biannual redemption windows. However, there may be restrictions or limitations on the redemption process.
Extra Fees
Yes
Vinovest charges tiered management fees: 2.5% (Standard), 2.35% (Plus), 2.15% (Premier), and 1.90% (Grand Cru), applied only on invested capital. A 1.5% selling fee is incurred upon sale, with free listing.
Extra Fees
No
Sweater's Cashmere Fund charges a fee of up to 2% for redeeming investments during the semi-annual redemption windows.
Taxes
Annual Statement
Wine gains taxation through Vinovest depends on location: taxed as collectibles in the U.S., often exempt in the U.K., with similar exemptions in other countries. Vinovest provides monthly and annual statements for tax reporting, not 1099 forms.
Taxes
Annual Statement
Venture funds, like Sweater's Cashmere Fund, generally provide tax reporting support to investors.