Pouring Growth into Every Glass
Cork & Vines Fund I: The Restaurant Private Equity Fund behind Cedar & Sage’s Expansion
The Opportunity
Aged Like Fine Vintage. Designed to Appreciate.
Cork & Vines Fund I, LP offers an exclusive opportunity to invest in the growth of a hospitality brand with proven resilience and enduring demand.
With its attention set on the Southwest United States, the fund pursues markets where elevated dining and cultural vibrancy naturally converge. Structured as an evergreen fund with 5-year redemption cycles, it offers investors the opportunity to participate in long-term growth while maintaining flexibility through periodic liquidity.
Within the first five years, Cork & Vines targets 8 new locations, guided by a $20 million capital plan and a proven operational model. Designed for 10%+ annual yield starting at Year 2 and 20%+ IRR potential, the fund blends steady cash flow with compounding appreciation.
Crafted with the same discipline as a finely aged vintage, Cork & Vines Fund I delivers a balanced portfolio experience, where growth, flexibility, and legacy mature together.
The next great hospitality brand will not just be experienced. It will be owned.
The Wine Bar Market
The Perfect Blend of Taste and Timing
California continues to lead the way in shaping America’s wine culture — producing more than 80% of the nation’s wine and setting the tone for how and where people enjoy it. Across the country, the wine bar segment has grown into a $3.4 billion industry, supported by a broader U.S. market now exceeding $75 billion and expected to expand steadily in the years ahead.
Consumers
More than ever, consumers are trading quantity for quality. Wines priced above $12 are seeing the fastest growth, especially among Millennials who care as much about the experience as the bottle itself. It’s a trend that favors wine bars designed around discovery, storytelling, and connection, exactly where Cork & Vines is positioned.
Demographics
Demographics also tell a promising story. Women remain the most loyal wine consumers, while younger audiences are embracing wine in new, social ways. They may drink less often, but they’re seeking better occasions and memorable places to have them.
Category
Sparkling wine continues to capture attention, growing faster than any other varietal and drawing younger consumers into the market. Combined with a shift toward on-premise experiences — wine bars, restaurants, hotels — the data points to one clear direction: people want to enjoy wine together, not just buy it off the shelf.
Fund Terms
Minimum Investment: $250,000 | Target Fund Size: $20 million
Structure
Evergreen with 5-year Redemption Cycles
Built for lasting growth with 5-year redemption cycles, Cork & Vines Fund I gives investors both stability and flexibility, balancing long-term value with defined liquidity.
Investment Horizon
$20 Million Fund
Targeting a $20 million fund size, our model aligns capital deployment with expansion milestones to deliver sustained performance across each growth cycle.
Management & Incentive Fees
20% Projected IRR
A 2% management fee supports disciplined oversight, while a carried interest of 20% up to 20% IRR and 40% thereafter ensures managers win only when investors do.
Drawdown Schedule
25% per year
Capital is called gradually at 25% per year for the first four years, allowing steady deployment, reduced concentration risk, and measurable results at every stage.
Investor Reporting
Quarterly Statements, Annual Investor Meetings
Receive quarterly statements and attend an annual investor meeting for full visibility into fund performance, portfolio progress, and upcoming opportunities.
Fund Administration
NAV Fund Administration Group
Fund operations are overseen by NAV Fund Administration Group, providing institutional-grade governance, transparent reporting, and precision in every aspect of fund management.
Tax Audit
Moss Adams LLP and Bentson, Vuona & Westersten LLP
Independent audits are conducted by Moss Adams LLP and Bentson, Vuona & Westersten LLP, ensuring accuracy, accountability, and full compliance with financial and regulatory standards.
Legal
Kroeshe Shindler LLP
Guided by Kroeshe Shindler LLP, Cork & Vines maintains the legal precision and regulatory integrity expected of an institutional-grade private equity fund.
Capital Raise Status
Status: Oversubscribed Momentum
Investor momentum is at full pace. Capacity is nearly filled.
The fund’s early momentum has been exceptional, with investor confidence exceeding available capacity. As the next phase of deployment begins, a final allocation remains open to investors seeking exposure to a proven, performance-driven hospitality platform.
- Raised $15M+ in 11 months
- Exceeded initial $10M target by 50%, now pacing toward $20M+
- 40% meeting-to-commitment conversion rate
- Capital deployed to Cedar & Sage at Stanford Shopping Center
- Prime locations secured for next expansion phase
Timeline
The Cork & Vines story is rooted in decades of operational excellence and enduring hospitality success. From the award-winning foundations of The Winery Restaurant & Bar to the upcoming debut of Cedar & Sage, each milestone carries forward an unwavering commitment to quality and performance. Over the next three to five years, Cork & Vines Fund I will build on this legacy, as it expands into new, high-value markets with the same precision and care that defined its past achievements.
Financial Projections
Cork & Vines Fund I is modeled for sustained expansion and strong investor outcomes. Each location is projected to generate $3–4 million in annual revenue, with a conservative ramp-up built into early operations to prioritize stability. The fund anticipates reaching its $30 million annual revenue threshold by Year 5, aligning with the planned exit readiness stage and delivering meaningful distributions as portfolio performance compounds.
Disclosure & Investor Eligibility
The information presented provides a summary of Cork & Vines Fund I and should be reviewed alongside the Limited Partnership Agreement and Private Placement Memorandum, which include complete terms and disclosures.
All investments carry inherent risk, and results may vary with changes in market conditions, consumer demand, and execution across expansion phases. While the fund is guided by experienced management and structured for disciplined growth, performance cannot be guaranteed. Past performance should not be relied upon as indicative of future outcomes.
Participation in Cork & Vines Fund I is limited to accredited investors as defined under Regulation D of the Securities Act of 1933, with verification required prior to investment.
Own a Share of the Next Great Vintage
The future of elevated dining is being built today, and it’s designed to appreciate.
Join Cork & Vines Fund I and take part in the growth of a brand where precision, passion, and performance align.