Vint vs Sweater Comparison

Assess their risks, liquidity, investments, returns, timeframes and other terms

Invest in fractionalized fine wine collections and rare spirits

Invest in venture-backed companies

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Investments
$2,500

The minimum amount required to invest in offerings from Vint is set at $2,500.

Investments
$5,000

The minimum investment for Sweater's Cashmere Fund is $500.


Moderate Risk
3/5

Investing with Vint carries inherent risks, including market volatility and economic fluctuations that can impact the value of wine and spirits collections. The lack of a secondary market further increases risk by limiting early exit opportunities for investors.

High Risk
4/5

Investing in Sweater's Cashmere Fund, like any venture capital investment, carries inherent risks. These risks include market volatility, economic conditions, and challenges specific to the companies in which the fund invests.


Minimum Liquidity
1/5

Vint currently does not offer a secondary market for the trading of interests in its wine and spirits collections, which means that investors generally lack immediate liquidity options.

Minimum Liquidity
1/5

Sweater provides biannual redemption windows for investors to access their investment before the end of the investment term. However, there may be restrictions and limitations on the redemption process.

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High Return
28.7 %

Vint has achieved a net annualized return of 28.7%, calculated from realized exits of its investment offerings, reflecting the aggregate average performance of the platform's assets under management.

Low Return
4.08 %

The fund has achieved an annualized return of 4.08% since its inception.


Long-term Investment
1-3 years

Vint's investment time horizon for its collections spans 1 to 3 years on average.

Long-term Investment
1-5 years

Sweater's Cashmere Fund is designed for long-term investments, but they provide biannual redemption windows for investors to redeem a portion or all of their investment.


Who can invest
United States

Investment opportunities with Vint are open to accredited investors, who must satisfy certain SEC-mandated financial criteria.

Who can invest
United States

Any U.S. resident over the age of 18 with a Social Security Number (SSN) is eligible to invest in Sweater's Cashmere Fund.


Moderate Volatility
3/5

The wine and spirits market experiences volatility, which can lead to rapid changes in the value of Vint's collections.

Moderate Volatility
3/5

The assets on Sweater's platform, including the investments made by the Cashmere Fund, can be subject to volatility.


Regulation and audits
SEC Regulated

Vint adheres to SEC regulations by providing offering circulars for public investment and undergoes regular audits to maintain financial transparency and regulatory compliance.

Regulation and audits
SEC Regulated

Sweater operates under SEC regulations, allowing them to accept investments from non-accredited investors.


Insurance
Yes

Vint's investment assets are professionally stored and fully insured, with a strategic focus on location, primarily in the UK and additional facilities in the US, to align with potential sale markets.

Insurance
No

Specific details about Sweater's insurance policies are not available on their website.


Payouts
No Recurring Payouts

Vint does not issue regular dividends; returns are generated from the sale of assets at a gain.

Payouts
No Recurring Payouts

According to Sweater's website, the Cashmere Fund does not pay dividends to investors.


Withdrawals

Investors receive funds from Vint after a collection is sold and proceeds are distributed, less any applicable fees.

Withdrawals

Investors in Sweater's Cashmere Fund can redeem their investment during biannual redemption windows. However, there may be restrictions or limitations on the redemption process.


Extra Fees
Yes

Vint applies a transaction fee of 2.85% on both the purchase and sale of wine shares, encompassing costs for acquisition, storage, insurance, and selling. Additionally, there is a spread fee of 1.5% applied to the transactions of wine shares.

Extra Fees
No

Sweater's Cashmere Fund charges a fee of up to 2% for redeeming investments during the semi-annual redemption windows.


Taxes
Tax Form

After a collection sale, Vint issues pro-rata proceeds to shareholders and provides a 1099-DIV for tax reporting, prioritizing the settlement of any liabilities first.

Taxes
Annual Statement

Venture funds, like Sweater's Cashmere Fund, generally provide tax reporting support to investors.

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