WHISKEY CAPITAL FINANCE CO., LLC

Thesis

Whiskey Capital Finance Co., LLC is a US-based private debt firm founded in 2018, specializing in financing American whiskey brands and distilleries. Headquartered in Louisville, Kentucky, the firm addresses the unique capital needs of the industry, particularly the working capital challenges arising from long aging periods. As of December 2024, they manage a new $150 million lending facility, bringing their total committed capital in the U.S. whiskey industry to over $250 million. They have launched two funds, Whiskey Capital Secured Financing Fund I and II, and operated numerous special purpose vehicles. Whiskey Capital Secured Financing Fund I is a 2020 vintage direct lending fund. Their lending is focused on inventory (barreled whiskey) and typically has a standard term of 4 years, with a minimum of 2 years. They have assisted over a dozen brands and backed over 100,000 filled barrels. Their partnership with Whiskey House of Kentucky highlights their role in supporting contract whiskey manufacturers.