Vinum Launches Wine Fund
The $250 million fund will invest in premium wines and related businesses
April 29, 2008
Vinum Capital Management, LLC, a San Anselmo, Calif.-based equity fund management company launched Vinum Capital Partners I, LP, the company’s initial fund.
The $250 million equity capital fund will invest exclusively mid-size wine companies producing premium and super-premium grade wines, and related businesses located in California, Oregon and Washington. The fund’s team of professionals includes operations and management professionals from the wine industry, and investment professionals with wine sector deal experience. The team includes Justin Faggioli, formerly COO of Ravenswood; Scott Setrakian, formerly Director of Golden State Vineyards; and G. Craig Vachon, a financing and M&A expert.
Stephen Kuhn, general manager and managing partner of Vinum, said, "There is currently very little equity capital available in the middle-market wine industry. Our fund objective is to address the growing pent-up demand for equity capital in this sector of the market.”
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Justin Faggioli
Scott Setrakian
Craig Vachon
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