Welcome to your weekly overdose of all the best from Altea.
The roadmap for 2024 is set, and we’re already making bookings for our first investor field trip in 2025. Only Altea members are guaranteed access.
Lots to cover, so let’s get to it.
Table of Contents
Upcoming Deals
There will surely be many other deals that come into Altea through the end of the year, but this is the schedule that’s penciled in based on member expressions of interest.
As you can see, we’ll have a deal memo for a fantastic film finance deal next week that I think will attract tremendous interest.
- 🎥 Film finance debt potentially booking in IRRs > 35%. I’m interested in this.
Following that, we will run a four-part series on how litigation finance works and present an opportunity to invest in a deal at the end of August.
- ⚖️ A litigation finance deal focussing on US Vets I’m interested in this.
As we roll into autumn, two outstanding tequila deals are in the works, and we’ve already lined up suppliers and pricing for both.
- 🌿 Cash-flowing agave farmland targeting 16% to 27% returns – I’m interested in this.
- 🍹 Cash-flowing tequila SPV with annual distributions targeting 30%+ returns – I’m interested in this.
Closing out autumn, we’re looking at two options for a wine investment opportunity:
- Blue chip burgundy with historic returns in the 15% range
- Wine from emerging markets set to explode due to climate change and other factors. [Check out my preliminary research on the sectors]
They’re both great options, but Altea is here to bring you what excites you.
Which type of wine fund would you prefer?
🍷 Blue chip burgundy (lower risk, probably lower ROI)
🍷 Emerging vineyards and regions (higher risk, probably higher ROI)Edit
Current Deals
👐 Alts 1 is Open
After a strong few quarters, we’re opening Alts 1 to new investors [Announcement here].*
If you’re ready, you can
Or book a call with me to discuss.
* If you’ve already invested and want to double down, please stand by. We’re busy porting over your previous commitments to the new platform.
Potential Deals
Solar Infrastructure Debt
We can’t share much about this one yet because it’s not been cleared by the lawyers, but here’s the gist.
It’s a utility-scale solar and energy storage project in Florida looking for funding. Although they’ve previously done equity placements, this will be either preferred shares or straight debt.
The timeframe is one to two years, and the IRR will be between 14% and 16%.
The project is already approved, so it’ll go ahead regardless of this year’s elections.
I’m interested in this opportunity.
Investor Field Trips
Nashville – October 2024
Stefan has been busier than a one-legged man in a butt-kicking contest the last couple of weeks, and he’s racked up several outstanding speakers and hosts for our Nashville trip this October.
RSVP early and often.
Jalisco, Mexico – February(ish) 2025
After the resounding success of this year’s trip to Jalisco, Mexico, Altea is planning another this winter.
We’re getting to know the area pretty well, and we’d love to introduce a new flock of Alteans to the region and (hopefully) see a few familiar faces from this year’s trip.
It’s early days, but please register your interest if you want to be kept in the loop.
That’s it for this week. If you have any questions, comments, or suggestions, please shout.
Cheers,
Wyatt, Stefan, and John