Hello
Welcome to the best of the Alts Community.
As always, do your own research; nothing here constitutes financial advice. Stay safe out there, kids.
Let’s go
Table of Contents
🚀 Live Deals
🍹 Tequila III
Right the memo for this is live, and I encourage you to check it out.
We’ve amassed $550k+ interest in this one with a cap of $400k, so make sure you jump in if you want an allocation.
As if the returns weren’t enough, we’ve convinced Miguel to sweeten the deal for investors.
Invest $10,000+
Join us at our 2026 inauguration party at the distillery.
- Entry to the party
- Transport to and from Guadalajara
- Distillery only release tequila bottle
Invest $25,000+
All above plus
- All-inclusive 2-night package
- 5-star accommodation in Guadalajara
- Transportation everywhere
- All meals
- Many surprises
- 3 Limited edition tequila bottles
Invest $50,000+
As above, but you can bring a friend and double the tequila bottle ration to six.
Invest $100,000+
As above, plus a limited edition tequila barrel to be displayed at the new warehouse with a nameplate and private vault.
Remember, Phase I investors get priority for Phases 2 and 3.
🎤 Music I
This one wraps up this week and there’s still a bit of space left. Smash reply asap if you want in.
Recall: This is a music royalties deal for K-Pop sensation TWICE. Historic payouts on the catalog have been in the 13% range.
If you’re looking for uncorrelated income that rides the biggest music trend of the 21st century, this could be a good fit.
💼 Deal Updates
🎞️ Launch JV + Film I
I’m at AFM this week in support of both these deals and will have some very good news to report in the next fortnight.
Keep an eye out.
👋 New Members
Welcome to the 19 new members this week 👋
A few notable members..
🇨🇭 Maverick Equity Research is a Vienna-based investor who works in banking and does indie investing+econ research through his terrific Substack. He writes about stocks, bonds, macro, commodities and more, including some Alts (mostly REITs). Main focus is US and Switzerland.
🌱 Dorian Dickerson is the founder and CEO of FundingHope, an SEC-registered, FINRA-member investment crowdfunding platform, with a focus on innovation, sustainability, and inclusive economic growth.
🏆 Weekly Leaderboard
Each week we reward the community member at the top of the Leaderboard.
This week’s winner is…
🎉 Lance Goldberg 🎉
💼 Lance is CIO of The Partners Fund, which invests in three asset classes: real estate, music+IP rights, and private credit. Their goal is to distribute 10% annually back to LPs.
🥂 New Event (NYC)
🦕 Private Tour: Dinosaur + Natural History Treasures
Elena Garrido leads Client Strategy at Phillips in New York City. They’ve got something wild coming up.
A full dinosaur skeleton is hitting the auction block on Nov 19, followed by a full sale of extraordinary natural history treasures. Think fossil & meteorites 🦖🔭
Elena is kind enough to host an after-hours private tour (!) for Alts community members who are interested, with a lively panel discussion to follow.
If you’re in New York City on Friday Nov 14, you should absolutely check this out!
💬 New Discussions
- Venture capital returns are declining compared to public markets. We may be entering a world where PE is behaving like small-cap stocks (albeit with far worse liquidity), while low-end IPOs are performing worse than PE.
The net-of-fees PE performance has been converging with public equity’s for the past 20-30 years, and now PE doesn’t look attractive anymore given the liquidity risks. Like any alpha, it decays with time… – Tigran K
It’s very likely that it’s not getting better. But it’s less true for early-stage, deeptech/bio VC, which – if you ask me – is “VENTURE capital as it should be” and will always have a place in the market.
What is absolutely worth mentioning is that companies staying private forever and in general restricted/closed exit windows and reduced M&A activities in some markets/regions are a pain in the ass for the whole asset class. – Florian R
- Lucas shared an interesting historical take on the risks of huge capex investment in AI. Historically, massive capital expenditure booms (like with railroads) have typically resulted in excess competition and poor stock returns.
The big difference between railroads/fiber and AI is that the current boom/bubble is investing in a deteriorating asset. GPUs deprecate after about five years, whereas railroads and fiber lasts ~forever.
🤝 New Public Deals
Sonno Homes – STRs for the “global laptop class”
Chris Walsh has been deeply involved in alternative asset due diligence for years through our friends at Webstreet.
He’s now part of the team behind Sonno Homes, an operator building a global portfolio of high-quality STRs across fast-growing international hubs like Colombia, Mexico, Italy, and Panama City.
Their current opportunity is an equity co-ownership deal in Soul El Poblado, a luxury building in Medellín’s top expat neighborhood.
Minimum buy-ins are accessible, projected IRRs are in the 20–25% range, and investors participate directly in the property’s appreciation.
Learn more in the Alts writeup from Brian Flaherty.
💸 Altea Affiliate Program
Earn 30% commission by helping grow our community.
Our new affiliate program rewards you with 30% commission for every person who joins Altea through your referral link.
How it works:
- We give you a unique referral link
- You can share your link anywhere; email, social media, private chats, etc.
- Every time someone joins Altea via your link, you get paid 30% of fees. (Payouts range from $200 – $3,300)
- This is not just for City Captains — anyone can participate.
Cheers,
Wyatt
