Hello
Welcome to the best of the Alts Community.
This week:
As always, do your own research; nothing in the community constitutes financial advice. Stay safe out there, kids.
Let’s go 🚀
Table of Contents
🚀 Live Deals
⚓ Maritime I
Maritime I is our investment with Oceyon, a data-driven maritime recovery company using proprietary AI, robotics, and 75 years of archival intelligence to locate and recover valuable cargo from shipwrecks.
Our due diligence is complete and the investment memo is ready.
📌 Details
- Deal Name: Maritime I
- What It Is: Investing in preferred shares of Oceyon AG, a Swiss maritime exploration and recovery company using AI, robotics, and proprietary archival research
- Structure: Dedicated Altea SPV investing in preferred shares of Oceyon AG (Zug, Switzerland)
- Target Raise: Up to $1,000,000
- Minimum Investment: $10,000. 25,000CHF (~$32,500) + for Explorers Club access
- Pre-money Valuation: CHF 20,000,000 (~$26,000,000)
- Use Of Proceeds: General corporate purposes aligned with Oceyon’s business plan (operations, technology, and regulatory infrastructure)
- Duration: Open-ended preferred equity; first dividends expected Q1 2027
- Distributions: Quarterly, from salvage operation proceeds
- Return Profile: Priority dividends from recovery proceeds plus long-term equity upside
- Forecast Return: 3.2x MOIC base case on short-term operations
- Liquidity: Illiquid; distributions dependent on successful salvage operations
- Explorers Club Bonus Perk: Investors committing $25,000+ receive access to ship visits and live operational experiences
We have prepared a comprehensive deal memo with detailed analysis, financial modeling, and full disclosures.
However, due to regulatory and compliance requirements, we can only provide the complete memo to individuals who have self-declared their accredited investor status.
To access the full memo and invest:
- Declare your accreditation status
- Join the community so we can verify eligibility
- Express interest if you have not already done so.
Once completed, our team will review and send you the full deal memo within 24 hours.{% endif %}
👋 New Members
Welcome to the 27 new members since last week 👋
A few notable members..
🎮 Michael Lubker is a long-time Alts reader from Texas working on Up Down Left Right Fund, which is solving saturation issues within the video games industry. He’s looking to connect with potential LPs and GPs, and here to teach/share about the misunderstood world of gaming.
🇲🇹 Frans Cassar is a business analyst and freelance consultant based in Malta, working across Europe on financial systems, process design, and digital products. He’s also heavily involved in football — coaching, match analysis, scouting and club management.
🇻🇳 Brandon Nguyen is a nationally ranked Settlers of Catan player who worked in Quantitative Finance & High Frequency Trading space for a couple years in NYC, and passed Level 1 of the CFA a few years ago. He’s currently a digital nomad living in Vietnam.
💬 New Discussions
- Fundrise recently announced plans to take its Innovation Fund public. Mandar’s post explains why he’s decided to exit at NAV rather than participate in the listing
“My investment in the Innovation fund matches [Mandar’s]. Except, I redeemed a substantial portion last quarter to use the cash elsewhere, lock in gains and I was concerned of the AI bubble risk.
That said, I still have a modest allocation in that fund and was planning on enduring the volatility through the lockup, hoping to benefit form a premium like DXYZ still enjoys.” – Bob McRae
“I think the distinction really comes down to entry price and risk tolerance — underwriting a premium when you’re already in at NAV is a different trade than buying in at a discount and waiting for compression. Reasonable paths either way.” – Mandar Mirashi
“I have spoken to fund managers frustrated with their closed end funds trading at NAV discounts and deciding to delist them, achieving the half-way position of being an unlisted fund, trading at NAV, but with the liquidity of exits being available at regular intervals…
Getting out at NAV and reassessing seems pretty smart.” – Travis Mitchell
- Florian shared the quirky geology behind curling stones
- New Fed charts will make you say holy sh*t: 22% of student loans among those 50 and over are delinquent.
- The only known Super Bowl I VHS tape is sitting on a shelf
- Should pro sports leagues be required to offer personal financial education? Jason shared a piece on athlete finance.
💬 Poll Results
Results are in for a potential Altea trip to Japan this fall: It’s a popular idea:
October-November would work best:
Next month, we’re working with a Japanese whiskey company that owns a few distilleries, which could serve as the foundation here.
Thank you to everyone who connected us with their contacts in Japan. This will be a tough trip to put together, but worth it!
More to come soon.
🥂 New Events
🇬🇧 Big London Altea Meetup + Wine Tasting
In nine days, we’re hosting our first big Altea meetup up the year in London.
I’ll be there, along with London City Captain Garett Stanhope and some seriously top-notch alt investing leaders:
- Nicolas Burer — CEO, Oceyon
- David Spickett — CEO, TheCarCrowd
- Joey Byrne — Head of Europe, Pacaso
- Paul Declerck — Relationship Manager, Cult Wines
- Nicholas Shorvon — Fine Art Consultant and Broker
- Jatin Ondhia — CEO, Shojin
After the roundtable, we’ll enjoy a curated fine wine tasting led by Cult Wines.
📍 Details
- Date: Wednesday, February 25, 6:30pm – 9:00pm
- Venue: FARE London, 11 Old Street, EC1V 9HL
We’ve got 21 registered attendees so far. This is shaping up to be one terrific evening.
If you’re in the UK, this is a must-join!
🧓🏼 Senior Living Investment Webinar
The “Silver Tsunami” has created a critical shortage of modern senior housing.
Our friends at Worthy Wealth are addressing this gap by acquiring and upgrading undervalued senior living facilities to resell.
This is not an Altea event. It’s free and anyone may join.
📍 Details
- Free Webinar
- Thursday, February 19, 2026 | 2:00pm – 3:00pm ET
- Register here
🙏 New Asks & Offers
🇨🇳 China Connections?
I’m planning to take the family to China for an epic adventure this summer.
The primary aim of the trip is to immerse the family in what very well could be the dominant culture of the 21st century, expand horizons, and so on.
The secondary objective, for me at least, is to find incredible investment opportunities for Altea members.
Asks
Do you know about China? Do you live in China? Do you have recommendations on who we should meet and what we should do while in those spots? Suggestions on where to stay and how to get between the spots?
Who do you know there whom I should meet with?
Have you invested successfully in China (or not)? Exporting Chinese products? Importing foreign products into China? Anything else?
Offers
What do you want to know about China? What can I scout out for you while we’re on the ground?
💴 FX Transfer Services?
For those investors outside the US: Nick Ellsmore wants to know what service you use for transferring funds to the US?
All his transfers get bounced/rejected using OFX who – reading between the lines – don’t seem to like Mercury as the recipient bank/fintech. He can transfer directly from my Australian bank, but the FX rates are awful.
The clear fan favorite seems to be Wise.
See you next week!
Wyatt
