Prospero Spirit Funds

Company Overview

Prospero Spirit Funds, sponsored by Prospero Capital Management, LLC, gives accredited investors access to a historically hard-to-reach alternative asset: barrels of maturing American whiskey. Through the Bourbon Opportunity Fund and Rye Opportunity Fund, Prospero purchases new-fill and aged barrels from top-tier distilleries and contract manufacturers, holds them through the aging process, and sells to distilleries, non-distilling producers, and other buyers as the whiskey matures and appreciates in value. The Funds are led by Managing Partner Ben Bornstein, who brings over 30 years of financial services experience — including senior roles at Omega Advisors and Orbis Investment Management — to a spirits market that industry research shows remains largely underserved by professional investors. Capital raised through the Funds goes toward acquiring and holding whiskey barrel inventory across the aging curve, giving Prospero a laddered portfolio of new-fill and mature liquid. Prospero's edge comes from its distillery relationships, purchasing scale, and structural innovations — including wood leasing and distillery equity participation — designed to lower entry costs and align incentives with sourcing partners. The Funds are structured as evergreen vehicles with a two-year minimum commitment, after which investors may request redemptions quarterly, offering a more defined path to liquidity than is typical for illiquid alternative assets.

Investment Snapshot

Why Invest

• Access to a historically hard-to-reach, tangible alternative asset — maturing whiskey barrels — that carries no spoilage risk and tends to appreciate simply through time in the barrel
• Structural low correlation to traditional markets: whiskey has shown minimal correlation to stocks, bonds, and precious metals
• An experienced management team with deep, established relationships across the bourbon and rye distillery supply chain
• A defined liquidity path relative to most private funds — quarterly redemptions available after an initial two-year commitment

Market Opportunity

Both the bourbon and rye categories have seen renewed momentum recently, supported by growing craft distillery activity and rising demand from non-distilling producers who rely on funds like Prospero's for ready-to-bottle inventory.

Team

Ben Bornstein

Managing Partner

30+ years in senior finance roles, including Managing Director at Arctaris Impact Investors and partner at Omega Advisors; oversaw the U.S. portfolio for Orbis Investment Management. Harvard JD/MBA (Baker Scholar), Princeton B.S. in Economics (magna cum laude). Subject of a Harvard Business School case study.

Tamara Jaeger

Director, Investor Relations

Background in hospitality and the airline industry, including Southwest Airlines and affiliates of Delta, United, and American. U.S. Navy veteran and Florida International University graduate; leads Investor Relations for Prospero.

John Volker

Analyst

Princeton graduate (Public and International Affairs) with a Master of Management from the University of Michigan's Ross School of Business; focuses on alternative investments, particularly bourbon and rye whiskey.