Hello there,
Welcome to the best of the Altea Community.
Lots of ops improvements as we prepare for our next SPV.
Performance update:
Let’s go 🚀
Table of Contents
Introducing Altea Free
You’ve probably seen the big news:
We’ve opened Altea to everyone!
Individuals no longer need a paid membership to invest in our deals.
- 👍 New simple pricing. There will be two tiers: Altea Free and Altea Paid. That’s the menu.
- ✅ Open to everyone. You no longer need a paid Altea membership to invest in our SPVs. (Though for larger investors, it’s definitely worth having.)
- ⬆️ Grandfathered pricing. If you’re already a paying member, no matter what plan you’re on today, you’re coming out ahead. You can keep your rate permanently as long as you’d like.
- 🏆 The more you invest, the lower your fees. Earn management fee reductions through our Rewards program.
Why did we do this?
Easy. Stefan and I know our deals are great, and we want more people to be able to invest in them. That’s it.
Yes, we’ll take a hit on this. But we’ve realized the most important long-term thing we can do for our community is expand access, not restrict it.
Any accredited investor can now access the full Altea deal pipeline. SPVs, film co-invests, everything. There is no annual subscription, no upfront commitment, no wall between you and the deals.
Start on Free, see how you go, and let the numbers tell you when to move up.
🏎️ Auto I Update
Momentum Builds with Two Strong Exits
The first half of the Auto I Fund has delivered two clean exits in quick succession, lifting the fund’s average annualized returns.
David Spickett and the Auto I team have closed the Ferrari 360 Challenge Stradale and Mercedes SLS AMG in back-to-back trades.
The Challenge Stradale, acquired and exited in just over two months, returned 36% net annualized, a clear example of the fund’s ability to identify momentum pockets and act ahead of broader supply.
The SLS AMG, sourced as a low-mileage example in December and sold for late May, returned 17% net annualized, reinforcing the depth of opportunity beyond Ferrari alone.
Two acquisitions are already progressing to keep capital deployed:
- Ferrari 430 Scuderia, still relatively undervalued versus both the Challenge Stradale and 458 Speciale, and
- Lamborghini Diablo VT, currently overlooked next to the SV and SE30 Jota variants but arguably the more compelling analogue, rear-wheel-drive proposition for collectors leaning into rawness and nostalgia.
The thesis remains simple: buy late-90s and early-2000s icons ahead of recognition, act with conviction, and exit into strength. The market continues to reward rarity, analogue feel, and emotional connection.
Our Auto II fund is scheduled for this fall.
⛩️ Whisky I Update
First Bottling Locked In: Kiyokawa 2023
We’ve now selected the 2023 Kiyokawa cask as our first bottling project for Whisky I, which we’re targeting for late Q2 / Q3 this year.
Really exciting to get this underway and to move from concept into the first tangible release.
Kiyokawa’s first official release “The Cask” has seen a fantastic response, strong demand and, importantly, excellent liquid.
From there, we’ll look to bottle the two Hanyu casks (2022 and 2021) over the following 12–18 months, continuing that staggered release approach and building momentum with each release.
We’ll start working on bottle and label design shortly and will keep everyone in the loop as that develops.
It’s a really exciting stage now. This is where things start to become very real, from casks in the warehouse to bottles in hand. A genuinely unique project, and great to have you all involved.
🗺️ Maritime I Update
For the past two months, the Oceyon team has been testing, validating, and pushing their technology where it is meant to perform: 250 meters below the surface.
In real conditions, far from shore, their self-built ROV proved exactly what we needed it to prove. They reached the seabed, found the target, and confirmed that onboard systems performed exactly as planned.
At these depths, a reliable connection is everything. There is no wireless shortcut underwater, so seeing the system perform so cleanly is a major milestone.
The next step has already begun: our tech and AI specialist, Panos, is now using the data from this mission to train and improve models and develop 3D visuals.
👋 New Members
Welcome to the 56 new members since last week 👋
A few notable members..
🇬🇧 Christopher Norris is a veteran book-trade expert based in London. He was the pioneer of World Book Day in the mid 1990s. He promotes the Icelandic “Christmas book flood” tradition (called Jólabókafló∂i∂)
He also publishes non-fiction titles at Jolabokaflod Press – books that make an impact on the way we think about the world.
🤠 Christopher Crump is at the intersection of Finance, Logistics, and the Wine Trade (imported and distributor of high-end Burgundies D2C).
💬 New Discussions
- Anthony Fielder discusses strategies for acquiring & growing SMBs that have plateaued or declined, focusing on involving original owners and leveraging AI.
- Jason shared a story on America’s wine regions, where sales are down and fraud is rampant
- Brigitte answers: Why is there so much gold on the seabed?
- Dan Remy found $1,700. What should he do with it?
- In the meantime, Pickleball keeps pickling
🥂 Meetup recaps
On Apr 29 we held meetups in NYC, Sydney, and Laguna Beach, CA.
🗽 The NYC crew is having monthly dinners now. Join the New York Space or DM City Captains Kaylock or Valerie to join the next one.
🦘 Down in Australia, 12 of us gathered in Sydney for a quick but fun meetup before the annual Sunrise conference. If you’re in Sydney or coming through, join the Australia space or get in touch with City Captain Peter Ng.
🌴 And finally, fifteen folks enjoyed a Laguna Beach sunset at our first-ever Orange County meetup. This was our second Altea Flight Night with special guest Miguel Ortiz. Members flew in from Dallas, Mexico, and Hawaii to attend!
Great crowd, terrific tequila, excellent weather, and late nite tacos.
Many more SoCal events to come. Join the California space.
🇯🇵 Japan trip: Update this week
A whopping 106 of you have expressed interest in our Investor Trip to Japan!
We are hard at work planning the trip, and will have more details later this week.
Note: We can’t take all of you! Priority will be given to Altea Paid Members, and those who have invested in Whisky I.
🙏 New Asks & Offers
💎 What are your thoughts on diamonds?
As a third-generation diamond dealer, Viral is trying to get a broader perspective beyond his own industry bubble – specifically on how investors and founders think about natural diamonds as long-term stores of value and cultural collectibles.
He’d love to hear from you. It’s only 2–3 minutes, and your input would help him understand where things are heading.
👉 https://app.youform.com/forms/snnujszm
That’s it for today!
See you next week, Wyatt & Stefan
