Welcome to your shot of all the best from Altea.
Stefan is organizing a dinner for Altea members at Chateau Marmont in Los Angeles next month.
Summer’s over, and it’s time to get our heads back in the game.
Table of Contents
Live Deals
Launch Film Bridge Fund
This one is with the escrow and portal folks now and should be ready for signatures and wires next week.
I’m also working my way through reference checks of our deal co-sponsor, which should be wrapped up today. All is looking good so far.
There’s still time to get involved with this one. Commit here.
Upcoming deals
Lots to cover here.
Litigation Finance
I hope you caught our three-part series diving into Ligitation Finance over the last month or so. If not:
We’ve got a deal lined up, and you’ll receive the details next week.
A couple dozen people have already expressed interest in the offering, which is encouraging.
If you haven’t already expressed interest and would like to do so now, you can do so here.
Agave Farmland and Futures
Thanks to the Mexico field trip and our initial Tequila SPV, there’s been considerable interest in other aspects of the tequila supply chain, specifically agave plants used to make tequila.
At first, we considered buying farmland and operating it, and then we considered renting some land and doing the same. Both of those were terrible ideas.
But Altea Founding Member (and tequila broker) Miguel has devised a tidy solution.
Should we go ahead with this deal, it will work like this:
- We pay $X up front for Y kg organic agave plants with delivery in five years.
Our SPV would be the first agave futures contract outside of operating distilleries.
It’s a tidy solution that removes several variables and non-core competencies from the equation.
The only variable to worry about is the price/kg of organic blue agave at the end of the contract, and we’re working hard to get a feel for it before we present this opportunity.
PS: If you want to really nerd out about growing agave, distilling tequila, and everything in between, check out this Facebook group. It’s fascinating.
Blue Chip Burgundy
We’re launching a two-part series on wine investment, with a specific focus on the Burgundy region, beginning next week.
After that, you’ll have the opportunity to invest in a specialized portfolio we’ve put together in conjunction with the chaps at WineFi.
Some high-level basics:
- Theme: Investment-grade Burgundywine.
- Anticipated Return: 14% CAGR (83% total return net of fees).
- Minimum Investment: $5,000
- Expert: Peter Lunzer (£85m invested on behalf of clients).
- Fees: 10% upfront (equivalent to a best-in-class 2% AMC over the anticipated hold period) covers storage and insurance.
- Expected Hold Period: 5 Years
There is much more to come on this one, but you can express interest here if you’d like to get ahead of the pack.
Investor Field Trips
Nashville – October 2024
There are only a few spots left, so grab a place to level up your music-investing game (listen to music, drink bourbon, and eat BBQ).
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.
And we’ve already had a half-dozen people RSVP.
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. Please let me know if you have any questions, comments, or suggestions.
Cheers,
Wyatt, Stefan, and John
