Meet Altera

Investing in the Lower
Middle Market.

We find differentiated sources of return in the private markets by connecting people, ideas, and capital.

Altera is an investment firm focused on private investments in the lower middle market. We create investment solutions that span across asset classes, strategies, and the full risk-return spectrum. These solutions enable investors to implement private investments into their portfolios.

$M

Committed Capital

+

Years Of Investing
Experience

+

Managers Screened
Annually

+

Transactions Since
Inception

Professionals

Our Ecosystem

Primary Funds

We look to partner with best-in-class managers who can consistently identify, invest in, and add value to assets in the lower middle market. Our primary funds program provides investors with a broad suite of asset class exposures.

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Multi-Manager Strategies

Single-Manager Strategies

Direct Investments

Altera’s sponsor relationships give us access to hard-to-secure, direct investment opportunities. Our flexible mandate gives us the ability to consider sponsored investments in all sectors and geographies across the lower middle market.

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Independent Sponsor Transactions

Co-Investments

Direct Investments

Altera’s sponsor relationships give us access to hard-to-secure, direct investment opportunities. Our flexible mandate gives us the ability to consider sponsored investments in all sectors and geographies across the lower middle market.

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Independent Sponsor Transactions

Co-Investments

GP Solutions

Altera provides capital and strategic support to high-quality, emerging alternative asset management firms who are well-positioned for further growth and development. We look for management teams who want the benefits of a strategic partnership while maintaining their independence.

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Co-GP Capital 

Primary Equity

Secondary Equity

We believe investors should have exposure to differentiated sources of risk and return. Our ecosystem provides a wide range of opportunities to thoughtfully build out varying exposures to private investments in the lower middle markets.

Recent Insights

Perspectives | August 18, 2022

Employee Spotlight: Q&A with Tim Godin

We sat down with Tim Godin, Senior Associate, to discuss his current role at Altera, why he believes Altera’s investment offering differentiates the firm from others in the industry, and what he feels is his most notable achievement so far at Altera.

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Perspectives | August 9, 2022

Yielding Assets: Public vs. Private

What distinguishes yield-seeking investments in public markets versus those in private markets? Tim Partridge dives into the differences between both markets, and why Altera believes private yield-producing assets offer investors a more attractive risk/return profile.

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Press Releases | July 26, 2022

Altera, Private Markets Investment Firm, Secures Growth Capital

Altera is proud to announce the completion of a strategic capital round. Co-founder and CEO, David Fershteyn states “We are pleased to close this strategic growth round and look forward to continuing to provide high net worth investors differentiated sources of return through our private market investment strategies.”

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Perspectives | July 15, 2022

Access Isn’t Everything

As more high-net-worth investors look towards institutions for guidance, and elect to allocate a greater percentage of their portfolios to private markets, it’s important to consider the structural differences between individuals and institutions. Altera believes that differences in goals and expectations should inform where investors allocate capital within private markets.

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Perspectives | July 7, 2022

Employee Spotlight: Q&A with Tim Partridge

We sat down with Tim Partridge, Managing Director, to discuss his current role at Altera, when his passion for private markets started, and why he feels the way Altera works with its clients sets the firm apart from others in the industry.

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