An article by Krista Giovacco at Bloomberg.com recently featured Timothy Clew ’93 and Brian Mota as founders of The Wine Trust, the only private-equity-structured wine-investment fund in the United States with a targeted amount of more than $20 million. Their firm TWT Investment Partners LP, located in Ridgefield, Connecticut, is in the process of raising some $50 million for the trust, which is “more like a private-equity fund. The money invested is basically locked up for as long as eight years, which helps managers ride out a decline.”
Clew and Mota are former investment bankers.
Clew told Bloomberg: “This was an opportunity to take Wall Street-type disciplines and apply them to an asset class that was largely devoid of that type of thinking. ”
According to Bloomberg: “The fund buys both physical wine and futures — wine that is made and in casks but not yet bottled — directly from negociants to lock-in lower prices and secure significant quantities for investment of the most sought-after producers. It seeks wines with strong appreciation prospects after release, including … Bordeaux.”