Get ready for the latest and greatest updates from Altea!
This week, we’ve got:
– Early Access to DealGPT (limited access for non-members)
– What do you need?
– Experiential Due Diligence
– New Opportunities
– In due diligence
– Wrapping Up Now
Not part of the Altea family yet? Apply today and take advantage of:
– No fees on Altea SPVs
– Exclusive investor trips to amazing locations
– Connect with hundreds of bright minds (and don’t forget me!)
Apply to join Altea today
LFG.
Early Access to DealGPT (limited access for non-members)
Just last week, I asked for some of your decks to try out our new deal analysis GPT, and wow, did you all deliver.
The volume of deals you submitted was overwhelming, yet incredibly valuable.
Thanks to your input, the model has seen significant improvements since last Friday.
Check out the output we have now — three fresh opportunities, each with detailed memos generated by DealGPT.
Give DealGPT a try >
Altea members enjoy unlimited access, but non-members can still dive in once a week using the code AlteaEarly.
I’ll keep refining DealGPT based on outcomes and your feedback.
A special shoutout to Bob McRae from our community, who’s been pivotal in making this special.
What do you need?
This past week, I’ve connected three different pairs of Alteans who needed each other’s expertise. It’s all about community, right?
These connections came about through casual chats and observations.
Don’t hold back. If you’re stuck on something, let us know!
Asks and Offers >
If you’d prefer to keep your request private, just reach out, and I’ll try to connect you behind the scenes.
Experiential Due Diligence
We’re rolling out something totally new.
If it resonates with you, go for it. Otherwise, let it pass.
We’re calling it experiential due diligence. Imagine it as a mini version of our investor trips—designed around a particular opportunity lasting one to three days.
– Site visits to evaluate, interact with, or experience the opportunity in question
– Meetings with deal sponsors, founders, or executives
– Engaging with independent experts
– Delightful meals and drinks
– Premium accommodations and seamless travel arrangements
We won’t do this for every deal, but when it clicks, I’ll suggest a trip.
If there’s interest from a small group (3 – 5 people), I’ll set it up. Costs will vary depending on location and duration.
Here’s the best part:
If you join the trip and significantly contribute to due diligence, you’ll earn a share of the deal’s carry if it moves forward.
Current opportunities with Experiential DD options:
The Car Crowd – Three Ferraris
– Need a lift from the airport? We’ve got you covered.
– Travel first-class from London to Nottingham and back
– Enjoy lunch in Nottingham
– Dive into a curry dinner on Brick Lane, London
– Relax overnight at the stunning Landmark Hotel
👉 Commit and RSVP
Carnation Capital SPV 1
– Convenient airport transfer from Bordeaux–Mérignac Airport
– Overnight stay at the chic Yndo hotel
– Savor lunch at a local vineyard
– Rewind over drinks and dinner at Symbiose
👉 Express interest and RSVP
New Opportunities
Carnation Capital SPV 1
The Carnation Capital SPV 1 is a unique opportunity that’s set up as a Cayman Islands Segregated Portfolio Company (SPC), aiming to collect a whopping USD 10 million. This fund is tailor-made to fuel small and medium-sized enterprises (SMEs) in the wine and spirits sector. From trade credit to private debt, and equity financing, the fund goes across Europe and Asia to support revenue-generating companies.
👉 Express interest and RSVP
Key Investment Details:
– Minimum Investment: N/A
– Projected IRR: Target returns range between 20–25% per year
– Total Investment Size: USD 10,000,000
– Type of Investment: Private debt and equity financing
– Investment Duration: 3 years
– Deal Sponsor: Carnation Capital
Why is this Deal a Catch? For high-net-worth individuals, this investment offers a special gateway into the thriving wine and spirits space through well-structured financing. With impressive target returns of 20–25% annually and semi-annual payouts, the fund takes advantage of the growing need for alternative financing among industry SMEs. Beyond financial returns, investors gain diversification with direct access to fine wines and spirits at lower prices.
👉 Join the conversation
Australian Fisheries Investment Trust (AFIT)
The Australian Fisheries Investment Trust (AFIT), managed by Atlantis Asset Management Pty Ltd, delves into Australian fishing rights, especially Statutory Fishing Rights (SFRs) and Individual Transferable Quotas (ITQs). With these, investors can tap into a slice of the seafood market and its future growth.
👉 Express Interest
Key Investment Details:
– Minimum Investment: AUD 500,000 (willing to create a rollup SPV if there’s interest)
– Projected ROI: Aiming for 10% to 12%+ annually over five years
– Total Investment Size: Current holdings stand at about AUD 94.6 million, with a pipeline of another AED 55 million
– Type of Investment: Equity investment in a unit trust
– Investment Duration: 5-year lock-up period
– Deal Sponsor: Atlantis Asset Management Pty Ltd
Why Consider this Deal? AFIT offers high-net-worth individuals a rare access point into a niche and regulated asset category. With a history of capital growth and yield, the investment provides diversification, low correlation to traditional assets, and increased potential for value appreciation, bolstered by industry consolidation and heightened demand for Australian seafood.
👉 Join the conversation
Cerca Homes SAFE
Cerca Homes revolutionizes living spaces with its direct-to-consumer offerings — from designing to swiftly delivering prefabricated sheds, ADUs, and bespoke homes. Their strategy is lean, utilizing offshore manufacturing, and they work with a trusted network of local contractors to bring backyard transformations to life throughout North America. By 2030, Cerca envisions an annual creation of 10,000 backyard living spaces.
👉 Express Interest
Key Investment Highlights
– Minimum Investment: N/A
– Projected IRR: [Based on projections; refer to the IRR Buildup section]
– Total Investment Size: N/A
– Investment Type: Equity (SAFE note)
– Investment Duration: Dependent on the liquidity event timeline
– Deal Sponsor: Cerca Homes
Why is this Opportunity Worth Considering? With over 100 units under its belt and a forecasted sales bump of 76% annually, Cerca’s got a solid market fit and is on track for major gains. They’re reshaping a thriving market with sleek designs, advanced crafting systems, and a mature worldwide supply chain. Even more, a favorable legal environment in California and other locations fuels expansion potential. Enter now in their SAFE round before a likely Series A in 2025 and be part of this growth story.
👉 Join the conversation
In due diligence
Art Opportunity I
We’ve secured commitments north of $1 million for this one, and we’re ironing out the final legal details before kicking things off.
If you’ve yet to jump on board and wish to, now’s the moment:
👉 Commit to this Opportunity
After valuable feedback, we’re looking at a three-year investment, with an optional one-year extension.
Deal Basics
– Minimum Investment: $10,000
– Projected IRR (Internal Rate of Return): A handsome 25% to 40%
– Total Investment Size: $1 million ($350k remains)
– Management Fees: None for Altea members | 2% for others
– Carry: 20%
– Investment Type: Equity in an art investment fund
– Investment Duration: 3 years + 1
– Deal Sponsor: Altea, working alongside Nicholas “Nicho” Marks
👉 Join the conversation
The Car Crowd – Three Ferraris
We’re wrapping up our due diligence on this one. Interested in checking out the cars in Nottingham? Let us know:
👉 Commit and RSVP
The Deal Basics
– Investment Size: Roughly $500k to $550k, adjusted for currency shifts
– Minimum Investment: $10k
– Deal Duration: 4 years
– Management Fees:
– Altea members: None
– Non-members: 10%
– Carry: 10%
Explore the detailed deal memo, which includes an insightful interview with the sponsors.
This deal involves investing in iconic Ferraris: the 328 GTS, Testarossa, and 355 Berlinetta.
The investment strategy profits in two principal ways:
– Asset appreciation
– Geographic arbitrage
The allure of these vehicles lies in the collectible car sector, known for robust appreciation thanks to limited production, provenance, and widespread acclaim in culture. This plan thrives on buying in the UK, where high-spec left-hand drive Ferraris are priced keenly, holding for four years to appreciate, then selling at US auctions for a marked-up value.
👉 Join the conversation
Wrapping Up Now
Launch Film Bridge Fund
We’re closing the books on this one next week.
Deal Basics
– Investment Size: $5,000,000
– Minimum Investment: $20,000
– Potential IRR: 20% to 40% (contingent on performance and share category)
– Deal Type: Debt (Bridge Loans)
– Deal Duration: 5 years
– Recent Performance: View
- Deal Memo: Access
Join the conversation 💬
Coming soon…
🏇 Horse pin-hooking 🐍 Extracting rare earth metals from a viper pit
That’s a wrap for this week. If you’ve got questions, comments, or suggestions, don’t hesitate to reach out.
Best,
Wyatt, Stefan, and John
