Welcome to your weekly distillation of all the best from Altea.
Table of Contents
Live Deals
Altea Tequila SPV
- Investment size: $10k minimum
- Hold period: 3 – 5 years
- Potential IRR: 35% to 40%
- Fees: 2% management | 20% carry | nominal one-time subscription TBC
What’s the deal
Altea will acquire 50+ barrels of 100% agave tequila through this SPV to buy and hold for at least 3 years as the spirits age.
The barrels will be acquired, stored, and disposed of through our network of tequila brokers, private collectors, and exclusive brands in Jalisco, Mexico, over the course of 3 to 5 years.
Funding Status: $350k firm commits | $200k soft commits
What’s changed since last week
If you’re still on the soft commits list, this is your last chance to get in on this deal.
Frank Auerbach Bundle
One Frank Auerbach Charcoal
- Investment size: up to $560k
- Duration: 3 – 10 years
- Potential IRR: 15% to 20%
- Fees: 1.5% management | 20% carry
Through the same London art connection that brought us Art Bundle I, which was oversubscribed by 25% and has returned 19% in three months, we have the opportunity to acquire a unique piece by legendary German/British artist Frank Auerbach.
What’s changed since last week:
I’m meeting with our new platform’s compliance team to push this ahead.
Upcoming Deals
South Island, New Zealand NRL Expansion
What’s the deal
We’re working with an organization looking to expand NRL rugby to New Zealand. They’re raising a small working capital round of $200k to $300k to finalize the bid (which already has wide support).
What’s changed since last week:
Stefan met with the crew in New Zealand this week.
We’ll get them in for a Q&A very soon.
SignalRank
What’s the deal
I love this one. SignalRank has produced an algorithm that picks Series B winners not by looking at the company itself but at the relative success of investors in their seed rounds (winners pick winners). They’re smashing traditional VC returns by outsourcing due diligence, running it through a scoring algorithm, and taking on micro-VC follow-on allocation. I’ll have something on this for you in early April.
What’s changed since last week:
No change
Agave Farmland
What’s the deal
After our trip to Mexico, there was significant interest in acquiring cash-flowing agave farmland. We may have found the right opportunity. There are ten hectares of prime roadside land available for around $1.1 million, which is a good price. There’s also room to build a distillery and accommodation for STRs. More to come on this.
What’s changed since last week:
We’ve got a half dozen folks express interest in this one. If you’d like to add your name to the list, you can do that here.
Previous Deals with New Activity
Alts 1
You should all have your K1s now. Please shout if not.
Events
Altea member Brice is giving a talk on the champagne market next week, including his champagne-related venture:
- Why champagne? (market trends, etc.)
- Market opportunity: America’s first Champagne experience
- Investment details. What it costs, what you get, etc.
Investor Field Trips
We should have a page put together for the Nashville trip soon. We’ve already locked in some killer guests and speakers.
Nashville
A music-themed investing adventure to Music City, USA.
- Est. dates: October 21 – 25
- Est. cost: $7,000 – $9,000
Cheers,
Wyatt, Stefan, and John
