It’s that time again.
Time to fish or cut bait.
We’ve had nearly $1.5m of interest in The Car Crowd’s Ferrari collection, and if we get $525,000 worth of commitments, we’ll put together an SPV to make it happen (what’s an SPV?).
(make sure to read through to the end for something new we’re doing 👇)
The Deal Basics
- Investment Size: ~$500k to $550k depending on currency fluctuations
- Investment Minimum: $10k
- Deal Duration: 4 years
- Management fees:
- Altea members: 0%
- Non-members: 10%
- Carry: 10%
Review the deal memo, which includes a thorough interview with the sponsors.
If you’d like more color, check out Stefan’s fireside chat with them below 👇
Oh, and one more thing
For the first time, we’re arranging an onsite diligence trip for this SPV* to view the cars.
The cars are in Nottingham (yes, that one), north of London. The diligence trip includes:
🚕 London airport transfer if needed
🚄 First-class return rail from London to Nottingham
🥩 Lunch in Nottingham
🍛 Dinner in London (curry in Brick Lane, anyone?)
🏨 Overnight accommodation at the fabulous Landmark Hotel
The total cost will be around $1,500 depending on transfers, if you need a second hotel night, etc.
*Subject to demand, hotel availability, and so forth. We’ll make it awesome.
We aim to finalize commits and reservations soon, so don’t dawdle.
Any questions, please shout.
Cheers,
Wyatt
