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Altera, An Alternative Asset Manager, Completes Nearly $60M GP Stakes Investment.

via Business Wire
  • Altera’s GP stakes fund provides ultra-high-net-worth investors and family offices exposure to permanent equity ownership in leading GP firms across the US and Europe.
  • Over 500 ultra-high-net worth individuals, family offices, and independent RIAs across the country have partnered with Altera to build enduring private portfolios focused on the lower middle market.

Altera, an alternative asset manager with nearly $550M in committed capital, announced that it oversubscribed its lower middle market focused GP stakes fund. The strategy targets to provide investors both meaningful annual distributions and capital appreciation. The Fund has exposure to many leading GP firms across private equity, real assets and private credit.

“As a closely held investment firm and flexible capital partner, Altera is able to pursue any private market opportunity that we believe can deliver attractive risk-adjusted returns for our investors. Permanent equity ownership in the right alternative asset management firm can be a highly compelling financial asset, and we will continue to methodically expand our exposure to GP stakes through future fund vehicles and our corporate balance sheet,” said David Fershteyn, Altera’s Managing Partner and Chief Executive Officer.

Altera’s investment program consists of five distinct verticals – each designed to take advantage of compelling lower middle market opportunities. Since its founding, the firm has partnered with approximately 50 GPs across these five investment platforms and has the ability to invest up to $50M in any one opportunity.

“We are grateful to have the longstanding support of our diversified capital base and are excited to once again, deliver for our investors,” said Carlos Alcala, Altera’s Chief Financial Officer.

To learn more about Altera, please visit www.alteraprivate.com.

About Altera Investments

Altera is an alternative investment firm dedicated to providing investors access to lower market private investments. Over 500 ultra-high-net-worth individuals, family offices, and independent wealth management firms have built an enduring private market portfolio with Altera. We built our entire investment program around the inefficiencies of the lower market. We believe our five distinct investment verticals take advantage of the best risk-adjusted opportunities in the lower market. By investing alongside us in these unique strategies, investors and advisors can gain exposure to sophisticated private investments that are hard to identify, source, underwrite, and access without Altera. Altera’s shareholders have personally invested $140M+ across these verticals.

This press release is provided for the audience’s information only and does not constitute investment advice or suggest an offer to sell, or the solicitation of an offer to buy, any securities or other financial products. All information is provided as of the date referenced and has not been updated since that date for any information contained in it that may have changed, including any beliefs and/or opinions.

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