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 | October 12, 2022

Employee Spotlight: Q&A with Hannah Kaplan

We sat down with Hannah Kaplan, Director of Organizational Development, to discuss her current role at Altera, why she believes Altera’s diverse and collaborative team is the differentiator among other firms in the industry, and what she feels is her most notable achievement so far at Altera.

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Media | September 13, 2022

David Fershteyn Featured in AlphaWeek’s Private Equity Q&A

David Fershteyn sat down with Greg Winterton from AlphaWeek to discuss the firm, why Altera focuses specifically on the lower middle market, and what’s driving demand for private investment opportunities among his investors.

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Media | September 12, 2022

David Fershteyn of Altera Investments: 5 Things I Wish Someone Told Me Before I Became A Founder

“You and your stakeholders need to have incredibly clear alignment and incentives. Everyone operates based off of the incentives they have, and for an organization to flourish, key parties must be aligned…”

CEO David Fershteyn provides his insights in Medium Authority Magazine’s “5 Things I Wish Someone Told Me Before I Became a Founder” series.

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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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