© 2025 Black Man­ta Cap­i­tal Part­ners S.à r.l.

LYQD Irish Whiskey Bond

Cap­i­tal­iz­ing on a high-growth Mar­ket in alter­na­tive assets

This invest­ment oppor­tu­ni­ty pro­vides qual­i­fied investors with access to a port­fo­lio of Irish Whiskey assets, cap­i­tal­iz­ing on the mar­ket’s strong growth dynam­ics and offer­ing a com­pelling return profile.

This project presents a dis­tinct oppor­tu­ni­ty for qual­i­fied investors to par­tic­i­pate in the dynam­ic expan­sion of the Irish whiskey mar­ket. By lever­ag­ing the sub­stan­tial pur­chas­ing pow­er of a pooled invest­ment fund, this bond acquires select whiskey assets from inde­pen­dent dis­til­leries, cap­i­tal­iz­ing on mar­ket demand and achiev­ing economies of scale.

 

A ded­i­cat­ed indus­try part­ner with over 35 years of expe­ri­ence in the whiskey and hos­pi­tal­i­ty sec­tors guides the asset selec­tion process, ensur­ing strate­gic acqui­si­tions and opti­mized port­fo­lio management.

HIGHLIGHTS

Invest­ment oppor­tu­ni­ty for Qual­i­fied Investors seek­ing entry to Irish Whiskey assets.
Rec­og­nized legal set­up with strong gov­er­nance partners.
Whiskey assets are sourced by an indus­try part­ner with 35+ years experience.
High yields from lever­ag­ing bulk pur­chas­ing pow­er with distilleries.
Under­ly­ing asset val­ue growth is dri­ven by mar­ket demand exceed­ing sup­ply, and proven history.

INVESTMENT STRATEGY OVERVIEW

The port­fo­lio strat­e­gy involves active­ly man­ag­ing deployed cap­i­tal on a rolling basis, pri­or­i­tiz­ing tar­get returns and a care­ful­ly opti­mized risk-return pro­file. The strat­e­gy includes an over­weight allo­ca­tion to new/young pro­duc­tion to max­i­mize rapid asset appre­ci­a­tion, acqui­si­tion of mature pre­mi­um whiskey at sig­nif­i­cant val­ue requir­ing stock liq­ui­da­tion, and ad-hoc trad­ing as val­ue propo­si­tions arise. The diver­si­fied port­fo­lio encom­pass­es var­i­ous estab­lished and bou­tique dis­til­leries, whiskey types, and prod­uct matu­ri­ties to man­age exit strate­gies and achieve tar­get investor returns. Mul­ti­ple exit oppor­tu­ni­ties include whole­sale pre-sale con­tracts, part­ner­ships with indus­try play­ers and large-scale dis­trib­u­tors, white label retail agree­ments, and ad-hoc sales through the LYQD Cask Exchange.

 

The strat­e­gy aims to cap­i­tal­ize on mar­ket momen­tum with time­ly acqui­si­tions and strate­gic cap­i­tal flow man­age­ment, lever­ag­ing invest­ment vol­ume and oper­a­tional effi­cien­cies. An out­per­for­mance bonus, split upon exits, aligns incen­tives across the invest­ment life­cy­cle and is dis­trib­uted to investors if the yield of the under­ly­ing assets exceeds the tar­get net return.

 

 

Mar­ket Opportunity

 

The Irish whiskey dis­tillery mar­ket has expe­ri­enced sub­stan­tial growth over the past 15 years, increas­ing from 4 to over 40 dis­til­leries, dri­ving demand for stock financ­ing. Irish whiskey is an estab­lished prod­uct with over 750 brands and a rec­og­nized alter­na­tive invest­ment asset in the glob­al whiskey mar­ket. His­tor­i­cal aver­age per­for­mance returns of 10% p.a. (Source: KPMG) pro­vide a bench­mark, while this invest­ment tar­gets high­er net returns of 12% p.a. by lever­ag­ing bond pur­chas­ing pow­er and asso­ci­at­ed economies of scale on oper­at­ing costs. Irish whiskey exports have demon­strat­ed sig­nif­i­cant growth, with a 67% increase in the last decade and a pro­ject­ed 80% increase by 2032 (from $5.1 bil­lion in 2023 to $9.2 bil­lion in 2032).

 

This aligns with broad­er mar­ket trends, as high­light­ed by PWC, which notes the increas­ing allo­ca­tion to alter­na­tive invest­ments glob­al­ly, with diver­si­fied port­fo­lios lead­ing investor returns. A recent Forbes sur­vey fur­ther under­scores this trend, reveal­ing that 84% of retail investors would con­sid­er alter­na­tive assets.

MANAGEMENT TEAM

  • Mau­rice Tracey — Lead Partner
  • Finn McGa­han — Trans­ac­tion Manager
  • James Jardel­la — Com­mer­cial Expert
  • Ernest Can­til­lon — Indus­try Expert

Mau­rice Tracey, Finn McGa­han, James Jardel­la and Ernest Can­til­lon (from left to right)

LYQD CASK EXCHANGE

LYQD was found­ed by Ernest Can­til­lon and James Jardel­la, The team brings an estab­lished foun­da­tion of rel­e­vant indus­try skills, with deep ties with­in the Irish hos­pi­tal­i­ty and over 35+ years com­bined expe­ri­ence. LYQD Cask Exchange, cur­rent­ly in pre-launch, is a dig­i­tal trad­ing plat­form that will pro­vide a place to buy, store, and sell authen­ti­cat­ed casks held in licensed bond­ed ware­hous­es. LYQD intro­duces a sec­ondary mar­ket venue to an asset class tra­di­tion­al­ly marked by opaque pric­ing, mak­ing cask whiskey trad­ing safer and fairer.

 

This inno­v­a­tive plat­form is built on a foun­da­tion of key prin­ci­ples: Val­i­dat­ed Casks, ensur­ing authen­tic­i­ty and qual­i­ty; Val­i­dat­ed Traders, fos­ter­ing a trust­ed trad­ing envi­ron­ment; Fair Mar­ket Prices, pro­mot­ing equi­table val­u­a­tions; and a Sus­tain­able Busi­ness Mod­el, sup­port­ing long-term mar­ket growth.

 

The strong mar­ket inter­est in LYQD is evi­denced by the suc­cess­ful first fund­ing round, which achieved 133% of its tar­get, exceed­ing the ini­tial goal by €300,000. This over­sub­scrip­tion under­scores the demand for a secure and trans­par­ent plat­form for whiskey cask trading.

 

LYQD is com­mit­ted to lever­ag­ing cut­ting-edge tech­nol­o­gy, includ­ing AI, to trans­form the whiskey invest­ment land­scape. The appli­ca­tion of AI will enhance the user expe­ri­ence by pro­vid­ing edu­ca­tion­al resources and facil­i­tat­ing a deep­er under­stand­ing of whiskey. Fur­ther­more, AI will play a cru­cial role in data analy­sis, enabling users to assess and under­stand the price posi­tion of any giv­en cask asset at any moment, empow­er­ing informed invest­ment decisions.

 

https://www.lyqd.io/

Step 1: Qual­i­fied investors approval and onboard­ing includ­ing KYC/AML via Black Man­ta Cap­i­tal Part­ners (BMCP) platform.

 

Step 2: Investors deploy funds into Lux­em­bourg SV Irish Whiskey High Yield Bond compartment.

 

Step 3: Investors funds are pooled until min­i­mum reserve require­ment is achieved.

 

Step 4: Once min­i­mum reserve is achieved, funds are deployed to buy whiskey assets over 6 month pro­cure­ment peri­od, to allow assets acqui­si­tion at val­ue in line with the bond invest­ment strategy.

 

Step 5: Cap­i­tal deployed in line with bond invest­ment strategy.

 

Step 6: Whiskey Assets will be stored in accred­it­ed 3rd par­ty Bond­ed Ware­hous­es, and will be sub­ject to ongo­ing asset audit at a min­i­mum of every 6 months.

 

Step 7: Whiskey assets will be ful­ly insured at pre­vail­ing mar­ket val­ue as they appre­ci­ate in val­ue over the rest­ing peri­od in par­tic­u­lar at the key appre­ci­a­tion mile­stones at years 3 and 5.

 

Step 8: Ongo­ing reg­u­lar asset audit­ing, mon­i­tor­ing and report­ing to pro­vide asset per­for­mance and risk man­age­ment clarity.

 

Step 9: Deploy­ment of exit strategies.

 

Step 10: At the end of the term (5+1 years), investor prin­ci­pal and yield is returned to investors, via Black Man­ta Cap­i­tal Partners.

Irish Whiskey High-Yield Bond

Tar­get Fund Raise

EUR 20,000,000

For Investors from

Europe

Issuer BMCP Secu­ri­ties S.à r.l.
Secu­ri­ti­za­tion Vehicle BMCP Secu­ri­ties S.à r.l.
Bond Part­ner Bar­ri­ca Lim­it­ed trad­ing as LYQD
Juris­dic­tion Lux­em­bourg
Instru­ment Type Bond
Total Invest­ment Volume €20,000,000
Reserve Require­ment Min­i­mum issuance thresh­old €5,000,000
Min. Invest­ment Amount €10,000
Max. Invest­ment Amount N/A
Tar­get­ed Yield 12% p.a. on asset lev­el after costs
Start of Offering TBD — Pre-Launch Book Building
End of Offering N/A
Term 5+1 years
Accept­ed Currencies EUR
For gen­er­al ques­tions about Secu­ri­ty Token Offer­ings please read our FAQs or Con­tact us.
Investor Doc­u­men­ta­tion
fur­ther invest­ment doc­u­men­ta­tion upon registration

More infor­ma­tion about the issuer, as well as the legal doc­u­men­ta­tion you will receive after reg­is­tra­tion. We are avail­able for ques­tions at any time – contact@blackmanta.capital

Inter­est­ed investors must reg­is­ter and qual­i­fy as pro­fes­sion­al client accord­ing to Annex II of DIRECTIVE 2014/65/EU. A pro­fes­sion­al client is a client who pos­sess­es the expe­ri­ence, knowl­edge and exper­tise to make its own invest­ment deci­sions and prop­er­ly assess the risks that it incurs.

Poten­tial investors must suc­cess­ful­ly com­plete an investor iden­ti­fi­ca­tion process in accor­dance with anti-mon­ey laun­der­ing rules in order to invest. Only iden­ti­fied and ver­i­fied investors can par­tic­i­pate in the offer­ing and pur­chase tokens. There is no pref­er­en­tial sub­scrip­tion right for investors. There is no enti­tle­ment to allo­ca­tion of the tokens. Acquired tokens will be cred­it­ed to the investors’ per­son­al wal­let and simul­ta­ne­ous­ly record­ed in the issuer’s register.

Legal Infor­ma­tion

The infor­ma­tion in this Offer­ing is intend­ed sole­ly for investors who are not locat­ed or res­i­dent in cer­tain oth­er restrict­ed juris­dic­tions and who are not oth­er­wise per­mit­ted to receive such information.

The infor­ma­tion in this Offer­ing does not con­sti­tute an offer or solic­i­ta­tion to pur­chase any secu­ri­ties in the Unit­ed States, Aus­tralia, Cana­da, Japan, South Africa, the Repub­lic of Chi­na or in any oth­er juris­dic­tion in which such offer or solic­i­ta­tion is not autho­rized or to any per­son to whom it is unlaw­ful to make such offer or solicitation.

Users of this infor­ma­tion are request­ed to inform them­selves about and to observe any such restric­tions. Secu­ri­ties may not be offered or sold in the Unit­ed States absent reg­is­tra­tion or an exemp­tion from reg­is­tra­tion under the Unit­ed States Secu­ri­ties Act of 1933, as amended.

An invest­ment involves con­sid­er­able risks and can lead to the com­plete loss of the assets invest­ed. In the inter­ests of risk diver­si­fi­ca­tion, only those amounts of mon­ey should be invest­ed that are not required or expect­ed to be returned in the near future. How­ev­er, the risk is lim­it­ed to the invest­ment sum made and there is there­fore no oblig­a­tion to make addi­tion­al contributions.

The Issuer is sole­ly respon­si­ble for all con­tents and infor­ma­tion pro­vid­ed regard­ing the offer­ing. BMCP GmbH acts as a pure inter­me­di­ary and assumes no lia­bil­i­ty for the accu­ra­cy of the pro­vid­ed content.

For its dis­tri­b­u­tion ser­vices BMCP receives ongo­ing fees for investors AUM com­ing through BMCP of 12,5% of the rev­enue on deposits. 

DISCLAIMER

 

MARKETING NOTICE PURSUANT TO § BT 3.1.1 MACOMP

THE FOLLOWING IS A MARKETING COMMUNICATION AND NOT AN INVESTMENT RECOMMENDATION. THIS ADVERTISING COMMUNICATION IS THEREFORE NOT A SUBSTITUTE FOR INVESTMENT ADVICE AND DOES NOT TAKE INTO ACCOUNT THE LEGAL PROVISIONS PROMOTING THE INDEPENDENCE OF FINANCIAL ANALYSES, NOR IS IT SUBJECT TO THE PROHIBITION ON TRADING FOLLOWING THE DISSEMINATION OF FINANCIAL ANALYSES.

THIS SITE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES TO ANY PERSON IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL. THE DISTRIBUTION OF THIS OFFER MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS. FAILURE TO COMPLY WITH SUCH RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTION.

THE OFFER IS ONLY AVAILABLE TO INVESTORS FROM EUROPE WHO HAVE EXPRESSED AN INTEREST IN INVESTING IN THE OFFERING.

THE INVESTMENT INTO THE BONDS BEARS A RISK OF TOTAL LOSS OF THE INVESTED CAPITAL. IN SUCH A CASE THE INVESTOR WILL NOT RECEIVE HIS INVESTED CAPITAL BACK; INTEREST; OR ANY OTHER REMEDIES.