OPEN – FIRST ROUND

OF FUNDRAISING

Open for Early Investors

VTF Fund is currently open for commitments from early investors until 1st of April 2020.
Reduced Fees are available for minimum investment of Euro/USD 200,000 (1%/10%).

Target AUM €50 million

Target Assets Under Management is Euro 50 million. The fund is open ended and incepts at Euro 2 million euro in AUM.

Investor Profile

VTF is an appropriate investment for investors willing to invest long term, into a secured asset, for timeline of 5 years or more. VTF is an ideal tool for family offices as well as HNWIs seeking long term returns for an exclusive asset class.

Access

Investing in VTF offers privileged access to unique winemakers, their wines, and their properties, as well as other outstanding perks.

INVESTMENT OBJECTIVE OF

VINEYARD & TERROIR FUND

VTF intends to achieve high capital growth over the medium to long term, primarily by investing in investment grade vineyards of appellations with recognised geographical value and potential.

VTF will provide investors with an opportunity of investing in land which has a history of producing high quality wines without commanding the highest pricing premiums in the industry.

The Fund shall, through its Investment Committee, use various proprietary strategies to make investment decisions.

Choice of the regions is key, mainly driven by the winemakers-partners who are the best to value the potential of a land. Regions we are targeting are: Central California, Northern Rhone, Beaujolais, Burgundy, Piedmont.

All these regions are limited by the appellation system.

Land/Vineyards/Appellations with a proven demand on a global basis and an history of producing high quality wines.

Partnering wineries or winemakers recognised for their skills, winemaking for a prominent winery either with their own vineyard or a prime industry name that has already been recognised as a high quality wine production region.

Investing in investment grade only plots where the appellation trades regularly and has a clearly defined market price. Exploring opportunities in a non limitative way but as an illustration in regions such as Central Caifornia, Northern Rhone, Beaujolais, Burgundy , Piemont in Italy…

INVESTMENT

STRATEGY

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Investing in land which has a history of producing high quality wines without commanding the highest pricing premiums in the industry.

The fund should secure in priority lands in areas where the price is below the Euros 1Mio per hectare mark. This will allow the investment to get short to medium return on top of the valuation of the land.
A large number of appellations are going to see their value increase as the demand is already shifting to premium wines with better affordability than the highest end grands crus, where the investment return will take decades.

The fund is uniquely placed to see these shifts in the demand of the fine wine market where the market is shifting gradually (leaving to Asia primarily the most expensive Grands Crus) and looking for quality alternatives lands across the world.
The funds is an answer to the growing demand for fine wines.

Investment Targets

The fund shall, through its Investment Committee, use various proprietary strategies to make investment decisions.
Choice of the regions is key, mainly driven by the winemakers-partners who are the best to value the potential of a land. Regions we are targeting are: Central California, Northern Rhone, Beaujolais, Burgundy, Piedmont.

The natural process of vineyard and land development

We will enable the fund to not only get short term lease contracts to generate a first return for the fund but will also enable the fund to have land that should have an accelerated and improved resale value when the fund will be willing to sell some of its investments.
As these programs are long term, we will offer privileged terms for investors willing to invest over 5 years or more to recognise the cycle of such investments.

VALUATION, REDEMPTION

AND TAXATION

Investment Period

The minimum investment period is 5 years in line with farming contracts. Even though we could sell the asset over a shorter time, we will have less freedom to maximise returns for the fund. We therefore do not intend to force a sale in the middle of the 5 year time period.

Valuation

The NAV will be published on annual basis, solely based on market recorded transactions. We will value the land only at the market average of the recognised appellations.
As we are working with top wine makers, we expect to drive a beta premium of the market average to recognise the wine makers and their farming work.

Redemption

After the 5 year lock-in period is reached, investors will be eligible to redeem during the first and third quarter of each year.
Payout is executed within 6 months following the quarter of redemption.

Taxation when investing in VTF

Taxation associated to this fund, is similar to a stock investment company, some territories such as Belgium, Switzerland or HK among others, are taxfree with such investments. We advise you to confirm your taxation terms with your tax advisor.

VTF FUND IS MORE THAN

A PURE FINANCIAL INVESTMENT

Access

As an investor into the Vineyards and Terroir Fund, you will have exclusive access to:
– Visit the finest wineries, producers and their wines: exclusive events are part of the palette of experiences offered to our vineyard and land investors.
– An opportunity to engage with famous up and coming names of the wine world.
– A possibility of building a unique cellar with very rare products purchased on exclusive conditions from vineyards visited
– Allocations from selected prestigious properties and we exclusively offer unique collections of some of the rarest wines and spirits in the world.
– Globally unique sourcing service directly from Châteaux and domaines
– Bespoke wine guidance and investment advice from world class sommeliers trained advisors and dedicated personal relationship managers.

Partners in Growth

VTF invests in the rising stars of winemaking. We are in a position to identify the next winemakers and offer them a full support system they need to grow their reputation.

Through VTF we provide capital to purchase plots, additionally we can support with branding efforts as well as distribution channels through our sister company Wine Source Group, a world leading wine sourcing Group.

The Investment Committee with its strong experience within finance, wine branding and wine and spirits distribution, plays a major role in the success of the vineyards that VTF invests in and thereby positively impacts the return of the fund.

VTF Investment Team

The VTF Investment team has a combined 50 years of experience within the wine industry, Financial and alternative asset management, and high level management positions in large corporations.
The team have developed a structured and regulated way of investing into Wine and Land, and is well suited to introduce professional investors into the process.

Read more about the Investment team…

FUND TERMS

& HOW TO INVEST

VTF Fund is structured as a Professional Investors Fund, licensed by the MFSA.
VTF is a subfund of WSF SICAV PLC.

Vineyard and Terroir Fund is currently offering commitment in following share classes, solely dedicated to investments in vineyards and land in partnership with wineries producing fine wines around the world.

Class A, denominated in Euros (€) and minimum investment of Euros 200,000.
Class A1, denominated in USD ($) with minimum investment of USD 200,000.
Lock in period is for a minimum of 5 years.
Fees: 1% management fee and 10% performance fee for investment made until 1st of April 2020.
Fees from 2nd April 2020: 2% management fee and 10% performance fee
High watermark of 6%.

Class B, denominated in Euros (€) and minimum investment of Euros 500,000.
Class B1, denominated in USD ($) with minimum investment of USD 500,000.
Lock in period is for a minimum of 5 years.
Fees: 1% management fee and 10% performance fee
High watermark of 6%.

Launch Date:
December 2019

ISIN Code:
Awaiting Approval from MFSA

Accredited Investors:
Qualifying investors as defined by the MFSA

Domicile:
Malta (Europe), European Passport

Bloomberg Ticker:
Awaiting MFSA approval

Name of Fund:
WSF SICAV PLC – Vineyard and Terroir Fund

Legal Structure:
Collective Investment Scheme – Professional Investor Fund

Bank:
Sparkasse Bank

Auditor:
Deloitte

Administrator:
Calamatta Cuschieri Fund Services (Malta) Limited

Notary:
Assigned by country, full list to be made available based on transaction

Legal Advisor:
Nicolai Xuereb – NX LEGAL

Recommended Investment Period:
5 to 10 years

Lock in Period:
5 years

Currency:
€ (Class A, B) and $ (Class A1, B1)

Minimum investment:
€200,000, $200,000

Minimum Subscription:
€200,000, $200,000

Fees:
1%/10% for min investments of €/$200,000 until 1st of April 2020
2%/10% for min investment of €/$200,000 from 2nd April 2020
1%/10% for min investment of €/$500,000
6% high watermark

Investment Committee:
Philippe Kalmbach
Thomas Lambert
Simon Lurton

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