Welcome to the best of Altea, the world’s most enriching community for alternative investors.
Two live deals to sink your teeth into this week, plus heaps of new members and photos from summer meetups.
Let’s go 🚀
As ever, always do your own research, nothing here is financial advice, and stay safe out there, kids.
Table of Contents
💰 Live Deals
I thought July would be quiet, but we have two live deals for you this week, with one more probably to come early next week.
💳 EU Private Credit
This only came across my desk last week, and it closes July 30th, but it was too good to pass up.
It’s an opportunity to snap up the last £500k sleeve of a £7m junior debt facility supporting loans to SMEs across the EU.
While these loans are typically a bit riskier than I’d like, the sponsor uses an innovative collection method whereby they link directly with payment processors. This allows them to deduct debt payments directly from revenue, rather than waiting for a monthly direct debit.
It also includes warrant coverage, which gives a potential equity pop to the upside.
Basics
- Facility type: Senior‑secured merchant‑cash‑advance (“MCA”) receivables | Junior listed notes + equity warrants
- Total Raise: £7 million (£500k allocation to Altea members)
- Target net IRR to investors: 18 – 23 % (base case) plus warrants
- Tenor: 36 m + 3 m amortisation; capital recycled ~1.6× p.a.
- Use of proceeds: 100 % funds new SME advances; zero flow to SAPI overheads
- Minimum investment: $10k
👉 Request an allocation today
🏎️ Auto I
Paperwork is now available for Auto I, but there’s still time to request an allocation if you haven’t done so already.
Basics
- Target Raise: $500k to $1m
- Minimum Investment: $10k
- Duration: Three years
- Distributions: Annual
- Forecast IRR: 30% – 50%
👀 Looking Ahead
Next week, I hope to introduce Altea members to possibly the best risk-adjusted deal of we’ve ever seen. We’ve got a tiny allocation ($250k), but I hope that’ll grow in 2026.
August will be quiet on the deal front (I do live in Europe).
🥂 Summer Meetups
We’re just wrapping up a stellar month of meetups for Altea.
Stefan hosted two unique events in San Francisco and Austin, while Altea City Captains hosted some very cool themed events in New York, Miami, and LA.
Keep an eye out for Stefan’s big recap of everything this Sunday. In the meantime here are a few early sneak peek pics:
👋 New Members
- Maria Brito is a 20-year veteran fine art advisor from New York City. She works with investors who view art as a diversification play within a broader alts portfolio; helping them identify works with asymmetric upside, and avoid costly mistakes that come from chasing hype. (Sounds right up our alley!)
- Nirav Bhagat is a credit marketing leader from Austin TX who recently rolled up and sold a portfolio of Amazon and DTC brands. He has a hand in a few other businesses, including a Philippines BPO, mortgage lead gen, and online tutoring.
- Arockia Praveen bootstraps consumer apps & saas products from all around the world. He lives in India, and is basically a nomad.
- Paul Boris is a Miami-based entrepreneur with deep roots in the produce industry, brokering deals for decades. He lives in the world of logistics, and builds AI agents that actually save time and get stuff done. (He also has a great profile picture)
💬 New Discussions
- Lots of reactions to my teardown of ”The Besties” new tequila brand.
“Chamath isn’t a tequila distiller. He’s just a guy who loves extracting money from his audience, and if you’re the kind of person who buys the stuff, you probably deserve what you get.”
..But our favorite comment was from Mendy Ouzillo:
“As someone who enjoys sipping tequila, I appreciated the expose. I have no idea who these people are and based on some of the reactions, I see no reason to investigate them further.” – Mendy Ouzillo
- More great comments about Robinhood tokenizing stocks.
“I think this is the calm before the storm. I believe the future of private capital will involve the elimination of SPVs in favor of restricted tokens, once the SEC revisits rules around how many token holders trigger reporting requirements.” – Gerry Hayes
- Oliver Sampson warns that if AI music companies become profitable, the revenue will primarily benefit labels rather than the artists who provided the training data.
- Alairé Jameson notes that only high-profile artists might have leverage to protect their work from AI training without permission, comparing the situation to Disney’s lawsuit against MidJourney.
“The only way the original creators of the IP would get a share would be if they have bought back their catalogues or have a revenue split with the labels themselves. Then it would be a question around how they can protect and monitor against AI companies training on their specific data. Which would likely get ignored unless they are using A-List Talent IP such as Taylor Swift, Beyoncé, etc.” – Alairé Jameson
Want to invest in our deals, attend our events, and join the world’s best alternative investing community?
See you next week,
Wyatt
