Vine Investment Advisors, LP (together with its affiliates described below, “Vine” or the “Firm”)
is a Delaware limited partnership that was formed in 2007. Vine is majority owned by Mr. James
P. Moore, Managing Partner and Chief Executive Officer (“CEO”). Mr. Stephen A. Kovach, Chief
Operating Officer (“COO”) and Mr. William E. Lambert, Chief Investment Officer (“CIO”) each
own minority interests. These three individuals collectively are referred to herein as the
“Principals” of Vine. Vine, the filing advisor, and Vine Alternative Investments II, LP (“VAI II”),
Vine Alternative Investments III, LP (“VAI III”), and Vine Alternative Investments IV, LP (“VAI
IV”), all of which are registered under the Investment Advisers Act of 1940, as amended (the
“Advisers Act”) pursuant to Vine’s registration as “relying advisers”, are submitting a single firm
brochure. Vine, VAI II, VAI III and VAI IV operate as a single advisory business.
Vine’s objective is to create an investment management platform that is focused on providing
investment opportunities that generate returns exhibiting low correlation compared to the broader
capital markets. Vine attempts to achieve that objective by investing in the media and entertainment
sector. Vine provides discretionary investment advisory services to its eight principal private
investment funds: Vine Film Finance Fund II AIV, LP, Vine Media Opportunities – Fund III – A,
LP, Vine Media Opportunities – Fund III - A AIV, LP, Vine Media Opportunities – Fund III – B,
LP, Vine Media Opportunities – Fund III, LP, Vine WestCon SPV, LP, Vine Media Opportunities
– Fund IV, LP, and Vine Media Opportunities – Fund IV – A AIV, LP (each, a “Fund” and
collectively, the “Funds”).
Vine is based in New York and is managed by the Principals, who bring significant collective
experience in investment management, structured finance and media-based content investing. The
team seeks to enhance Fund returns through active management that aligns the interests of its Funds
with those of media and entertainment content providers and distributors. The core of Vine’s
strategy
and execution lies in robust transaction diligence, sophisticated transaction analytics and
active investment monitoring that incorporates:
Extensive deal experience and proprietary modeling capabilities that provide an underwriting
and negotiation advantage;
Comprehensive legal diligence to ensure proper deal terms and investment protections; and
Active investment management and rigorous performance monitoring to realize maximum
value.
Capitalizing on the experience and skill set of its Principals, Vine opines on the structure of
investments with the goal of optimizing Fund returns. Since investors in the Funds may have
conflicting investment criteria, Vine has the experience and capability to develop individual
investment strategies tailored to meet each Fund’s needs. However, conflicts could arise in
connection with decisions that need to be made by Vine, including the decision to acquire or divest
certain assets. Vine generally considers the investment objectives of each Fund when making these
decisions but has established formal conflict resolution procedures as a guideline to deal with
unanticipated conflicts. In addition, Vine and its related persons may consult a Fund’s advisory
board. The advisory board will advise Vine and its related persons on a non-binding basis with a
view to the resolution of any issues that may arise from time to time in a fair and equitable manner
involving actual or potential conflicts of interest among the Funds and Vine and its affiliates. Vine
also permits Fund investors, through side letter agreements, to restrict the use of their capital to
certain types of investments.
Side letters or similar agreements between Vine and certain Fund investors generally also provide
specific rights, benefits or privileges that are not generally made available to all investors. See
Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss below for more details.
Vine does not participate in wrap fee programs.
As of December 31, 2023, Vine managed $928,400,000 of regulatory assets on a discretionary
basis and $0 on a non-discretionary basis.