The first ever classic car fund is set to launch in April with the aim of raising $150m. With the demand for physical assets such as art and wine continuing to grow, IGA Automobile will be trading classic cars and has put together a list of 25 cars, including the Ferrari 250 GTO, which it plans to target.

The Ferrari 250 GTO, for example, sells for up to $30m, and this growth has been seen across the board. The past 20 years, according to IGA Automobile, has seen the classic car market expand at a massive rate. In fact, between 1994 and 2009 annual auction sales have risen from $30m to a staggering $422m.

Although the seven-year fund is targeting the wealthy with a minimum investment of $500,000, various institutions have also expressed an interest. With big names already linked to the Fund, including Nick Mason of Pink Floyd, and Gordon Murray, designer of the McLaren F1 car on the advisory board, it looks set to be a huge success.