Welcome to the best of Altea, the world’s most enriching community for alternative investors.
The thermostat’s hitting record highs, and things are just as hot in the Altea community.
Auto I is speeding toward a close, Maison Lineti is going into extra innings, meetups are hot and heavy, and I’m fresh out of mixed metaphors.
Let’s go 🚀
As ever, always do your own research, nothing here is financial advice, and stay safe out there, kids.
Table of Contents
🥂 Sneak Peek of the Meetups
This week we hosted four Altea meetups: Seattle, San Francisco, New York, and Miami.
We’ll have way more to share next week, including a recap of the events. In the meantime enjoy this sneak peek:
💰 Live Deals
🏎️ Auto I
Auto I is now taking commits, and the fund is more than 50% allocated.
👉 Check out the Q&A
Check out the FAQ to get up to speed, and you can also review some in-depth information regarding the security and logistics of the operation here.
Basics
Target Raise: $500k to $1m
Minimum Investment: $10k
Duration: Three years
Distributions: Annual
Forecast IRR: 30% – 50%
The Core Opportunity
Some vehicles consistently sell for much more in the US than in the UK. Many were either never available in America due to emissions standards and safety requirements, or the versions imported were nerfed so much that they became distinctly undesirable relative to their brethren across the pond.
However, once a vehicle reaches 25 years of age, all the emissions, safety, and import standards go away, which creates a repeatable opportunity if you know where, how, and what to buy.
👉 Request an allocation today
🥃 Maison Lineti French Whisky
So, our initial offer was rejected by the administrator.
But we’re still in the game.
Now that the process has moved past the initial administration phase, it’s something of a free-for-all. The liquidator will accept the first offer that comes in that he deems acceptable.
Only the Good Lord knows what that means, but we’re meeting with him next week to suss it out (the liquidator, not God).
Express your interest here if you’d like to follow along. We’ve pre-sold around 2/3 of the casks, so jump on board quickly if you want to get involved.
P.S.: You don’t need to be an accredited investor for this one, but you’ll need to join Altea to participate in the investment.
👀 Looking Ahead
I spent an immensely productive day in London yesterday meeting with our art dealer, an event finance credit fund, finalising the details for our Wyoming stablecoin receivables project, and diving into the current iteration of my favourite pinhooking fund.
August will be quiet on the deals from (I do live in Europe), but you can expect at least one more opportunity before the end of July, we’ll come out of the gates hot in September.
👋 New Members
- Lukas Kuemmerle is A Germany-based agricultural commodity strategist, market-neutral trader, journalist/editor, and founder of Kucrop Analytics. He runs The Commodity Report, a newsletter focused on tradeable commodity research for institutional and alpha-capture investors.
💬 New Discussions
Lots of discussion this week on Robinhood + Republic tokenizing stocks. Arguably the biggest alternative investing story of the year.
A few great comments:
“This essentially turns Robinhood into a broker as well as a mini-exchange. It’s interesting how ‘de-centralization’ often just results in greater centralization… One of the big issues with FTX was that it was a broker, an exchange, and a hedge fund — all at the same time. Separation of powers can be useful!” – Brian Flaherty
“It’s so interesting to me that Robinhood originally supported DXYZ (including SpaceX, OpenAI etc) as an investible asset for a while then suddenly made it not available overnight, now Robinhood is launching their own way to access SpaceX and OpenAI. Makes alot of sense now and not necessarily fair play…” – Christine Healey
“Robinhood seems to be attempting to create more leverage in order to take Citadel out the picture.” – Alaire Jameson
“If it were to be able to provide a type of competition to the exchanges, I’m sure that would also be a positive outcome.
This is, by the way, the way carbon-offset credits should be traded.” – Oliver Sampson
See you next week,
Wyatt
