Algoma Capital launches $100m credit fund for spirits and distilleries

Algoma Capital has introduced a $100 million credit fund aimed at supporting the expansion of whiskey brands and distilleries by providing essential working capital. The CEO and founder of the company, Brian Rosen, emphasized that traditional funding sources like banks often hinder growth with slow processes and excessive paperwork. The fund plans to invest a substantial amount, potentially exceeding $10 million, in each venture. Algoma Capital, affiliated with InvestBev, a private equity firm managing assets worth more than $250 million for the alcohol beverage sector, seeks to facilitate easy access to capital for industry peers and foster growth in the beverage domain.

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