A private equity investment fund devoted to fine wines that closed right at the onset of the economic meltdown last October is already bearing fruit for its investors. It is expected to grow while other asset classes struggle in the new year, based on the historical performance of wines during recessionary periods. Led by two business professionals, Michael R. Wigley and Brian J. Jackson, under the Bacchus Partners LLC banner, The Fine Wine Appreciation Fund-1 was developed with the help of Lommen Abdo attorneys Brad Lehrman and Bob Abdo.
The Fine Wine Fund and Bacchus Partners were covered in the Inside Track column of the February 1st Star Tribune and in the February 9th Investment News. Brad Lehrman said, “As an asset class, fine wines are much better protected than just about any other class in tough economies and offer long-term appreciation, if you look at how fine wines have performed historically."
You can also read about their successes in the May 2009 Twin Cities Business article or the June 12th Finance & Commerce article.
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(From left) Brad Lehrman and Bob Abdo with Mike Wigley and Brian Jackson of Bacchus Partners |