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Fund Documentation and Detail

A brief summary of the Fund, suitable investors and fees.

Fund Documentation and Detail

Fund Documentation

Vinculum Wine Fund (‘the Fund’) is an Unregulated Collective Investment Scheme as defined in s235 of the Financial Services and Markets Act 2000 (‘FSMA’) and has not been approved by the Financial Conduct Authority. 

For USA investors: The shares may be deemed to be securities under the securities laws of the United States and have not been registered under the Securities Act of 1933, as amended nor qualified, approved or disapproved under any other federal or state securities laws. Neither the U.S. Securities and Exchange Commission (SEC) nor any other federal or state regulatory authority has passed on or endorsed the merits of this offering or the accuracy or adequacy of the memorandum. Any representation to the contrary is unlawful.

The shares offered for sale by 'the Fund' are for sale to eligible investors as determined by the sole discretion of the board of the Fund and subject to such documentation as the board may require. No person has been authorised (in connection with this offering) to give any information or make any representations other than as contained in the memorandum. Please direct any inquiries to the Fund. Eligible investors may include (but are not limited to) the following:

Established or newly accepted investors of any such authorized person in respect of whom that authorized person has taken reasonable steps to ensure that an investment in ‘the Fund’ is suitable within the meaning of the FCA’s Conduct of Business Sourcebook 4.12 and ‘professional clients’ and ‘eligible counterparties’ of such authorized person;

Sophisticated Investors – See article 23 of the FSMA Promotion of Collective Investment Schemes (Exemptions) Order 2001, being a person certified in writing to the effect that he/she is sufficiently knowledgeable to understand the risks associated with participating in unregulated schemes.

High net worth companies, unincorporated associations, partnerships or trustees of high value trusts – As defined in article 22 of the FSMA Promotion of Collective Investment Schemes (Exemptions) Order 2001.

Investment Professionals – within the definition of article 14 FSMA.

Non-UK/US investors – Subject to any restrictions within their respective jurisdiction.

Eligible investors will be provided with a confidential information memorandum, given to the recipient solely for the purpose of evaluating an investment in the shares.

Distribution and Reinvestment – The Fund does not expect to declare and/or pay dividends or make any other distributions to shareholders out of the Fund’s current earnings and profits. Rather, the Fund will reinvest such income in wine. Potential investors should keep this limitation in mind when determining whether or not an investment in the Fund is suitable for their particular purposes. The Fund reserves the right to change such policy.

Fund Detail

Structure Vinculum Wine Fund Ltd (the Fund) is a British Virgin Islands limited company, offering common shares equal to the prevailing net asset value.
Term 5 years, locked for 2 years and subject to a redemption fee of 5% before the 5th anniversary of the date of subscription.
Valuations The Fund employs Wine-Searcher as an independent valuation agent. Other agencies may be employed to verify results.
Redemptions Written notice must be received at least 90 days prior to the applicable redemption date.
Base Currency Sterling
Minimum Investment £100,000.00 (one hundred thousand pounds)
Placement Fee 7.5% of subscription amount.
Management Fee   2% (0.5% payable on the last business day of each calendar quarter).
Performance Fee 20% of net returns above the high-water mark.
Reporting   Annual audited financial statement available upon request after fiscal year end (31st December). Quarterly reports issued regarding the wines and financial performance.
Manager Venulum Capital Limited
Administrator Ace Fund Services Inc. Tortola, British Virgin Islands.
Auditor Baker Tilly (BVI)
Bank   National Westminster Bank, Northampton, UK.

Past performance is no guarantee of future performance. The value of investments may fall as well as rise and you may not get back the amount originally invested.

Vinculum Wine Fund (the Fund) is an unregulated collective investment scheme as defined in s235 FSMA and has not been approved by the FCA or any other regulatory authority. Promotion of the Fund is subject to strict controls by authorised persons and accordingly can only be marketed to eligible investors.

About Vinculum Wine Fund

Vinculum Wine Fund offers an opportunity for high-net-worth individuals to invest in an alternative asset class. In an uncertain world, diversifying your investments is now more important than ever. The Fund management team use their wealth of wine trade and market experience to achieve the aim of long-term capital growth. Not only taking advantage of natural appreciation as fine wines approach their drinking peaks, but also understanding the market trends and the risks associated with wine investment and global financial markets.

Vinculum Wine Fund Ltd is a British Virgin Islands limited company and is part of the Cadman Capital Group; a multinational private equity group specialising in alternative investments for high-net-worth individuals

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