Meet Altera

Investing in the Lower
Middle Market.

We build enduring private portfolios by capitalizing the lower middle market.

Altera is an alternative investment firm designed for ultra-high-net-worths, family offices, and wealth management firms. Our investment solutions are institutional quality products for individual investors. We are focused on private equity, real assets, and private credit. Our strategy is unconstrained by industry, sector, or geography.

$M

Firm Committed Capital*

+

Investors Have Built A
Portfolio With Altera**

+

Independent RIAs
That Work With Us

+

Sponsors We Have
Invested In

*Committed capital since inception and as of 12/31/2023.
**Investors that have made at least two Altera investment commitments.

Our Investment Solutions

Flagship Multi-Manager Funds

Diversified fund strategies generally composed of 5 – 10 underlying sponsors. We typically look to back best-in-class managers raising $50M to $750M funds and independent sponsors acquiring assets for less than $100M.

Underlying Exposures

Private Equity 

Real Assets

Thematic Opportunities 

Typically, single-asset or fund-specific opportunities. Our vast network of lower middle market sponsors gives us access to hard-to-secure allocations. These opportunities span across the risk-return spectrum. 

Underlying Exposures

Emerging and Specialty Funds

Independent Sponsor Transactions 

Co-Investments  

Thematic Opportunities 

Typically, single-asset or fund-specific opportunities. Our vast network of lower middle market sponsors gives us access to hard-to-secure allocations. These opportunities span across the risk-return spectrum. 

Underlying Exposures

Emerging and Specialty Funds

Independent Sponsor Transactions 

Co-Investments  

Custom Portfolio Solutions 

Custom, white-label funds built for wealth management firms. We equip RIAs with firm-wide investment solutions that are designed to meet their specific mandate and client needs. These solutions provide RIAs differentiated private market capabilities. 

White Label Designs

Multi-Asset Class Private Funds (constrained or unconstrained mandates)

Single-Asset Class Private Funds (constrained or unconstrained mandates)

We believe investors should have exposure to differentiated sources of risk and return. Our various business solutions aim to serve the constantly evolving needs of individuals, family offices and wealth management firms.

Recent Insights

Altera Ranked #1 in UGA’s Bulldog 100

The University of Georgia Alumni Association recently announced that Altera placed 1st in the Bulldog 100, a list which ranks the fastest-growing businesses owned or operated by University of Georgia alumni.  Altera was recognized during the 15th Annual Bulldog 100 Celebration on February 9 in Sanford Stadium. This is Altera’s inaugural year of being recognized on this prestigious list. …

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Altera Investments Makes The University of Georgia’s 2024 Bulldog 100 List

We are proud to announce Altera made the 2024 Bulldog 100 List. The Bulldog 100 list celebrates the top 100 fastest-growing organizations owned or led by The University of Georgia alumni.

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David Fershteyn, Altera’s CEO and Co-Founder, Makes Atlanta’s Forbes 30 Under 30 List

Altera’s CEO and Co-Founder, David Fershteyn, makes the inaugural Forbes Under 30 Local List for Atlanta. View the full list here.

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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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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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