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.

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Unique Investors

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Years Of Investing
Experience

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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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Our Solutions

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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Our Solutions

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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Our Solutions

Independent Sponsor Transactions

Co-Investments

GP Stakes

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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Our Solutions

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

Focusing on The Lower Middle Market

In the current market environment with few reliable sources of return, many investors are turning to private markets to supplement their investments in public markets. Altera believes that within this space, smaller opportunities present the greatest potential upside for investors.

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Private Credit: Providing a Solution Amid Today’s Turbulent Landscape

With the confluence of issues stirring capital markets today, investors are looking for opportunities with favorable expected risk-adjusted return profiles. Altera believes the combination of structured yield, downside protection, and ability to capitalize on equity upside makes private credit investments an attractive solution to navigate the current climate.

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Employee Spotlight: Q&A with Julie Newman

We sat down with Julie Newman, Partner and Managing Director, to discuss her current role at Altera, her 12 years of experience in the industry, and why she feels Altera’s team is its most differential factor.

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Navigating the Market and Getting Alternative

We believe asset allocation and a disciplined evaluation of risk and return are hallmarks of an effective investment process and critical within the current environment. Read how adding a diversified sleeve of alternative investments to investors’ portfolios can reduce expected volatility and increase expected returns.

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Where are my K-1s?

With tax season now in full swing, we wanted to remind you to file an extension on your taxes due to delayed reporting with private investments. Extensions are very common when investing in private placements. The deadline for filing an extension is the standard tax deadline of April 18, 2022.

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