Altea
Altea Update: Dec 20
First, some housekeeping. A few deals have gone on toward the light after generating some interest, but not enough to keep them top of mind
December 20, 2024
Open Deals
We currently have three active deals. To invest, apply to Altea.
The Ferrari Collection
This is an investment in a portfolio of three iconic Ferraris: a 328 GTS, a Testarossa, and a 355 Berlinetta.
The sales strategy hinges on purchasing in the UK, where left-hand drive (LHD) Ferraris are undervalued, holding them for four years, during which they are expected to appreciate, and then selling them at US-based auctions for a considerable premium.
Non-Altea members can invest with a 1% management fee. Alteans have no management fees.
- Raising: $506,000
- Minimum investment: $10,000
- Target IRR: 19.34%
- Duration: 4 years
- Invest here
ALTS 1
Our ALTS 1 Fund gives you access to a meticulously-chosen blend of alternative assets across the 10 markets we know best.
Since Feb 2021, we’ve analyzed 800+ deals. We choose assets designed to diversify your portfolio and protect against inflation.
ALTS 1 is an opportunity to invest in a broad basket of alternatives uncorrelated to public equities. You’ll stay one step ahead of the market and get exposure to exotic alternatives larger funds don’t provide.
The fund has a 10 year duration, and all funds will be returned at the exit
Details
- Raised: $1.7m
- Duration: 10 years (8 years left)
- Target IRR: 15-20%
- Learn more
Closed Deals
We have four closed deals since inception.
To invest in active deals, apply to Altea.
Artwork I
Our first deal was a bundle of 7 artwork pieces by British painter Ithell Colquhoun (1906-1988) who is best known for her contributions to Surrealism.
Colquhoun’s work has been the subject of renewed academic and commercial interest. We believe works by Colquhoun may currently be undervalued, and were able to get access to some exclusive pieces of hers through our London art broker.
Four of the pieces in the collection have already been sold for a 108% return — way beyond our expectations. Three of the pieces remain in our possession.
- Raised: $403,000
- Duration: 1 – 3 years
- Target IRR: 35-40%
- Returns: 108% return (as of Nov 2024, net of fees)
Artwork II
Through the same London art connection that brought us Art Bundle I, we got the opportunity to acquire three unique pieces by legendary German/British artist Frank Auerbach.
While highly respected by critics and institutions, he’s been somewhat under the radar in the society pages relative to contemporaries. So we acquired one of Auerbach’s newer “Charcoal Portraits.”
Update: On Nov 13, the 93-year old Holocaust survivor passed away.
There are less than 250k survivors still alive today, and Frank was one of the most interesting and successful.
May his message and artwork live on forever and continue to appreciate over time.
Details
- Raised: $544,000
- Duration: 1 – 3 years
- Target IRR: 15-20%
Tequila I
Tequila is one of our favorite alternative investments. On the heels of our investor trip to Mexico (along with a rigorous due diligence process) we acquired 80 barrels of 100% Agave Tequila through our tequila broker in Jalisco, Mexico.
The plan is to sell half of the barrels after 3 years. Based on market conditions, we’ll then decide whether to sell the remaining barrels, or hold for two more years.
Our approach to exit will be through wholesale channels, including distilleries, bottlers, and brands within the Tequila ecosystem via auction. Other possible buyers include private collectors, independent bottlers, and other specialized investment companies (i.e., whiskey investment funds).
Details
- Raised: $400,000
- Duration: 3 – 5 years
- Target IRR: 35-40%
Launch Film Bridge Fund
A few weeks ago, Altea member Chris Daniels burst onto the scene with a film investing opportunity our members couldn’t pass up. It was a collateralized debt position in an upcoming Clive Owen film, yielding 15% over sixteen weeks (57% annualized).
He gets lots of these deals, but each deal requires investors to move quickly. Chris solved this by putting together a five-year investment vehicle that reinvests capital across dozens of film projects.
Only Altea members can invest in this fund.
Details
- Raised: $800,000
- Duration: 5 years
- Target returns: 39%
Join Altea to invest
Only Altea members can invest in deals.
We look forward to receiving your application.
How Altea SPVs work
Any Altea member can bring a deal to the Altea community. Members can invest in any of these deals and contact the deal owner through our database (called Deal Desk).
However, some deals are extra special. They receive expressions of interest far above the normal level, and offer special terms at high levels of investment ($250,000+). For the very best deals like these, we put together a Special Purpose Vehicle (SPV) and invest together with the community as one.
SPVs are great for deals with high minimums that would otherwise be out of reach. They allow Altea members to test the waters with a smaller investment amount than would otherwise be required.
How SPV deals are chosen
Structure and fees
All our SVPs are structured as series LLCs to keep costs minimal. We work with a platform called Acquire to manage the documents, data room, KYC, and all administrative tasks.
Once your documents are signed, funds are wired directly to a bank account created specifically for each SPV. Investors are kept up to date with valuation within the Acquire and the Altea platforms.
Each SPV includes a small one-time subscription fee to cover the costs of the SPV formation, legal docs, Blue Sky filings, and other registration requirements. This fee varies depending on the complexity of the deal, location, and number of investors. Costs are made explicitly clear for each deal.
For investments without existing associated fees, we charge a standard 2% management fee and 20% carry on any investment profits.
For investments that already have associated fees, we charge a 1% annual management fee and a 10% carry for these opportunities.
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Disclaimer: The authors of Alt Assets, Inc. are not finance or tax professionals. They are self-taught accredited investors, sharing information, research, and lessons learned. The published content is unique, based on certain assumptions and market conditions at the time of publishing and is intended to serve solely as research, not financial advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several or all of the alternative asset classes that Alt Assets, Inc. publishes content on its site. Any published articles on Alt Assets, Inc. that an alternative asset has a “buy”, “pass”, “overvalued” or “undervalued” designation does not factor into the asset classes that the Fund through its manager ultimately invests in, and thus, any of the Fund’s investments that have positive designations on the Alt Assets, Inc.’s site are purely coincidental as the Fund is actively managed and guided by its own investment parameters as summarized in the relevant private placement memorandum.