[Now Live] Invest in The Italian Collection II

Now Live: The Italian Collection II

We are delighted to announce that The Italian Collection II is now open for investment.

Following the encouraging performance of our inaugural Italian Collection, which has delivered a total return of 10.8% over its first ten months, we have constructed The Italian Collection II to capture continued growth in one of the fastest-expanding fine wine regions in the world.

You can view the full Investment Deck here, or read on for a summary of the opportunity.

Why Italy?

Italian fine wine has materially outperformed the market benchmark over the past decade. The Liv-ex Italy 100 returned 59.8% against 37.4% for the Liv-ex 1000, reflecting structurally lower volatility and stronger risk-adjusted returns.

Applied within that regional tailwind, our proprietary WineFi Investment Score (WIS) methodology has delivered a backtested total return of 126.6% over the same ten-year period - more than double the Italy 100, and over three times the Liv-ex 1000.

The Italian Collection II blends the two most important regions in Italy:

• Tuscany (40%): the liquidity, structural stability and consistent returns of the region's blue-chip Super Tuscans, including Sassicaia, Ornellaia, Masseto and Tignanello. Tuscany has delivered the lowest volatility and shallowest drawdown of any major fine wine region over the past decade.

• Piedmont (60%): the scarcity-driven upside of carefully selected Nebbiolo-based wines. Top Piedmont labels share the structural foundations - terroir granularity, finite supply, and a fragmented landscape of family-owned producers - that have long underpinned Burgundy's position as the benchmark of fine wine investment, yet continue to trade at a meaningful discount to their Burgundian peers.

Every wine in the portfolio must meet a minimum WIS score of 70, possess a demonstrated secondary market for entry and exit, and retain at least ten years on its drinking window.

Why Now?

The Collection launches into the most encouraging market conditions we have seen in over three years. The WineFi Trade Price Index advanced 3.1% in Q1 2026, marking a third consecutive quarter of growth - a milestone not reached since Q1 2022.

Bid-offer spreads have narrowed to their tightest level in six quarters, and the ratio of bids to offers has risen 2.2x over the past twelve months. Taken together, these are the hallmarks of a market in the early stages of a durable recovery.

Key Deal Information

• Minimum Investment: £3,000

• Historic Performance: 9.8% annualised return demonstrated across 130,000 backtests on 5-year hold periods since 2009.

• Tax Treatment: In many circumstances, fine wine is exempt from UK Capital Gains Tax. A letter of recommendation will be provided by a third-party UK tax specialist.

• Target Wines: See Permitted Investment (Slide 19)

• Fees: See Fee Structure (Slide 22). One-time upfront fee covers storage, insurance, and brokerage for the whole anticipated 5-year period.

• Structure: UK bare trust nominee, enabling CGT exemption to pass through to syndicate members.

• Anticipated Holding Period: 5 Years

• Governance: Syndicates operate under a self-governance model. Members have full day-to-day control and vote on all decisions regarding acquisitions, disposals, and management of the portfolio.

• Exit Strategy: Assets are sold progressively over the anticipated holding period, with proceeds distributed pro rata to syndicate members.