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Cobalt Advises on Establishment of WineFortune Investment Fund

Cobalt Advises on Establishment of WineFortune Investment Fund

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Cobalt has advised Levinum on the establishment of the fine wine investment fund WineFortune.

According to Cobalt, the fund will enable retail investors to invest in the wine asset class.

"Fine wines are an alternative asset class that offers stable value growth," the firm informed. "According to Forbes, the Liv-ex Fine Wine 100 index has risen 270.7% in two decades, surpassing the S&P 500 index by 8% over the same period. Wines are often used to protect investment portfolios against market fluctuations and inflation."

The Cobalt team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, Associate Johanna Lumiste, and Assistant Lawyer Marit Raatma.

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