SAN ANSELMO, April 30, 2008 � Private-equity fund manager Vinum Capital Management LLC is forming a $250 million fund devoted solely to acquiring and operating wine properties.
The fund, called Vinum Capital Partners I LP, will focus on high-end wine producers in California, Oregon and Washington making between 20,000 and 150,000 cases per year.
�The focus of this fund is to acquire wine properties efficiently, grow them effectively with expertise and necessary growth capital, and ultimately sell them to strategic and financial acquirers,� said Thomas Thornhill, managing partner for Vinum Capital Management and chairman of the Mendocino Wine Company.
Vinum�s investment partners include former chief operating officer for Ravenswood Justin Faggioli and Scott Setrakian, former director for Golden State Vineyards.
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Sunday, June 1, 2008
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