Paris-based asset management firm UFG-LFP is rolling out an institutional vineyard fund in Europe, Financial Times reports. The LFP Grands Vignobles de France Sicav will purchase and develop existing vineyards to set up an operating company for wine production.
The closed-end fund, with a lifespan of 15 years and a capitalization of €100 million, is aimed at insurance companies and family offices. It will look to invest in upmarket estates of Bordeaux, Burgundy and the Rhône and Loire valleys.
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