Welcome to the best of Altea, the world’s most enriching community for alternative investors.
Let’s go 🚀
As ever, always do your own research, nothing here is financial advice, and stay safe out there, kids.
Table of Contents
👋 New Members
- Alexandre Lehr is the CEO & Co-Founder of ONINO, blockchain-based tokenization and digital financing company based in Germany.
- Restructuring Analyst is the founder of Pari Passu, who wrote last week’s issue on How Oaktree seized control of Inter Milan. (He has a gift for you.)
- Eckart Schenk is a farmland investor living in Taiwan.
- Kamal Gurung is Toronto-based alternative investor who’s on the lookout for scams.
💰 Live Deals
💳 Blockchain I
We’re now well oversubscribed for this one, and I’ll be in touch with docs on / about 16 August.
We will prioritise allocation requests by Altea membership tier (Black, Base, Gateway)
- You can upgrade your membership today to guarantee an allocation. Just hit reply, and I’ll get you set up.
If you’d like priority access to the next round, I’ll create a waitlist for the next allocation, which is expected to occur in early 2026.
Deal Basics
- Facility type: Blockchain receivables finance
- Total Raise: $250,000 allocation of $1,000,000 total
- Tenor: 36 months
- Management fee: 2% of contributed capital
- Carry: 20% of distributed capital
- Minimum investment: $10k
🧑🚀 Space I
We’re about halfway to our target for Space I, and I really want to see it go ahead.
It’s a high-risk moon shot (literally), so make sure to DYOR on this and get comfortable with the potential outcomes.
Deal Basics
Investment type: Equity round in a startup
Valuation: $1.7 billion
Altea allocation: $500,000+
Minimum investment: $25,000
Management fees: 2%
Carry: 2%
There’s no formal deal memo from us on this one because Balerion has already done an exceptional job of presenting the case for Vast (make sure you read their risk factors—they’re solid).
Instead, you can read my take, which is worth exactly as much as you think it is.
I have compiled a competitor analysis of the space race, identifying who I think is most likely to win the ISS contract.
👉 View my competitor analysis
If you’d like to invest, please let me know ASAP so I can confirm our slice with Balerion.
🏎️ Auto I
Final checks are rolling in for this one, and we’re lining up initial acquisitions.
- 👉 Request an allocation
- 👉 Read the full memo
- 👉 Check out the Q&A
- 👉 Review the FAQ
- 👉 Check out the site visit
Deal Basics
- Target Raise: $500k to $1m
- Minimum Investment: $10k
- Duration: Three years
- Distributions: Annual
- Forecast IRR: 30% – 50%
🌎 Regional Groups are live
You asked, we listened!
We’ve just created a cool new feature called Regional Groups.
Members are now organized by region, so you can more easily connect with people who live near you.
We’ve created dedicated spaces for the top 18 most popular regions:
- 🗽 New York/New Jersey
- 🏖️ California
- 🏛️ DC/Maryland/Virginia
- 🇬🇧 UK
- 🇦🇺 Australia/New Zealand
- 🤠 Texas
- 🍑 Georgia
- 🇨🇦 Canada
- 🐬 Florida
- 🌆 Illinois
- 🌲 Washington/Oregon
- ⛰️ Colorado
- 🇫🇷 France
- 🦞 New England
- 🏜️ Arizona
- 🇪🇸 Spain
- 🍺 BeNeLux
- 🇩🇪 Germany/Austria/Switzerland
How it works:
- Activate your account (if you haven’t already)
- You’ll automatically get added to the Regional Group for the region you live in.
- You can update your location anytime
These groups are designed to make the community feel closer and more relevant.
Expect casual intros, regional insights, and the occasional get-together with fellow investors.
More regions coming soon!
🧭 New: Member Directory
We’ve also just published a new Member Directory.
This is actually super practical: You can sort & filter by keywords & location (including a cool “Near Me” feature)
💬 New Discussions
- Interesting detail from Apollo Academy and Torsten Slok on European credit. (i.e., endorsing the European private credit deal we have at the moment)
- Are NFTs back?
- This travel hack could be BS, but given all the AI pricing that’s happening now, Stefan bets there’s some truth to it.
- Brian thinks hedging the risk of Powell getting fired is such a strong example of the power of prediction markets as a hedging tool.
There’s a dozen ways you could imperfectly hedge the risk, whether by playing rate spreads, inflation breakeven, dollar weakness, etc., but prediction markets are really the only way to do so directly. – Brian Flaherty
🙏 New Asks & Offers
Brian from Austin is hiring an AI wizard
Meanwhile, Peter Hejtmanek is looking for feedback on a side project he’s built.
It’s a comprehensive spreadsheet helping private market investors pace commitments properly to achieve target exposures and forecast cash flows from private markets.
🙏 Any family offices or LPs who want to take it for a test drive?
DM Peter, or check it out at PacePrivates.com
See you next week,
Wyatt
